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• Signs of Life in Las Vegas
2/23/04
By Caroline S. Latham
CEO, RealFacts
Studying our survey of rents and occupancy at the end of 2003, we noted that Las Vegas seemed to be demonstrating more strength than many markets in the western region. So we though we'd ...
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• Latest Plans for Old Pasadena Come from Worldwide Church of God
2/20/04
Sares-Regis Group has purchased approximately 11 acres in the historic commercial district of Old Pasadena with plans to develop the property into a transit-oriented urban village that will include a residential and retail mi...
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• Financing Notes
2/19/04
In a Santa Barbara-area deal, Hawthorne Savings FSB provided a $15 mil bridge loan to ConQuest Student Housing for the acquisition and renovation of Campus Court Apartments in Isla Vista, a 96-unit complex situated about thre...
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• Latest Anaheim Redevelopment Efforts more than another California Adventure
2/18/04
The city of Anaheim is continuing with its aggressive efforts to remake parts of the city that could use a major re-do, such as they accomplished a few years back with the area surrounding the now-expanded Disneyland entertai...
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• Richmond Multifamily Complex Sells for $32 Mil
2/17/04
A San Diego investor acquired the 342-unit Hilltop Apartments 2300 Lancaster Dr in Richmond. The buyer, who is also developing multifamily projects in Northern California, paid $32.5 mil ($95k/unit) for the investment, well b...
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• Bascom Checks into Bellevue
2/12/04
Bascom Northwest Ventures purchased Eden Roc Apartments, a 92-unit complex at 13831 Northeast 8th St in Bellevue, Washington. The property sold for $5.925 mil, or about $64.4k/unit. Bascom Northwest is based out of San Franci...
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• New NoHo Project to Tower over San Fernando Valley
2/11/04
Development of the long-awaited NoHo Commons mixed-use project is moving forward, as ground-breaking ceremonies for the $43 mil NoHo Tower were held the other day. In attendance were a number of city and county officials, inc...
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• Who are You Calling Average?
2/10/04
By Caroline S. Latham
CEO, RealFacts
Average is usually considered to be a pejorative adjective. If I called your favorite NBA team average, you would be annoyed; and who doesn't want to live in Garrison Keillor's Lake Wobeg...
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• Upscale Rancho Cucamonga Apartment Complex Opens Its Doors
2/09/04
Barrington Place, a new upscale apartment development has just opened its doors in the Inland Empire city of Rancho Cucamonga. Developed by Empire Commercial Real Estate, Barrington Place is a 420-unit, $50 mil dollar luxury ...
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• Opus West and Geoffrey H. Edmunds to Build Twin Towers in Irvine
2/06/04
In a move that will bring the popular trend of building new luxury high-rise residential towers in urban areas to the master-planned city of Irvine, a development partnership of Opus West Corp and Geoffrey H. Edmunds & Associ...
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• Multifamily Notes
2/05/04
ALAMEDA (Alameda County) – Warmington Homes has begun construction on the 485-unit Bayport residential development, situated on land formerly occupied by the U.S. Navy. The site, which is part of an 87-acre redevelopment proj...
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• Bay Area Apartment Buyers Head for the Hills
2/04/04
A San Francisco-based investment partnership paid $28 mil for Lombard Place Apartments, a 109-unit ($256.9k/unit) three-building community in San Francisco's Russian Hill district. The buildings make up one of the largest mul...
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• Downtown LA's Historic Brockman Building to be Converted to Residential Units
2/03/04
Adding to the rapidly accelerating trend of redeveloping old downtown LA office buildings into mixed-use residential projects, a partnership comprised of Urban Pacific Builders LLC of Long Beach and West Millennium Homes Inc ...
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• Archstone Creating a Legacy in Studio City
2/02/04
In a large LA-area apartment sale from a couple of weeks ago, Archstone-Smith Trust purchased the Legacy at Studio City apartments, a 276-unit complex in an upscale part of the San Fernando Valley, for $84.5 mil, or a stagger...
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• Survey Shows Declining Occupancy Levels in Majority of Major Western US Markets
1/30/04
This most recent column by RealFacts Research Analyst William Ktsanes offers a better idea about apartment occupancy trends throughout the Western United States. RealFacts, based out of the Bay Area city of Novato, is a recog...
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• Hendricks not Slowed by Purple Haze, Keeps Racking up Deals
1/29/04
We cannot keep up with all of the multifamily sales transactions being completed by the brokers at two companies in particular -- Hendricks & Partners and Sperry Van Ness. Perhaps there are other firms racking up similar numb...
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• Hanover/Kennedy Wilson Partnership Spears Arrowhead Apartments
1/28/04
An affiliate of Hanover Financial Company acquired Arrowhead Apartments, a 168-unit complex in the Orange County city of Stanton, as part of an investment partnership. The buyer, KW Stanton LLC, a joint venture between Hanove...
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• Orange County Investor Gambles $66 Mil at the Villaggio
1/27/04
Statewide Acquisition Corp, an Orange County investment entity, paid $65.7 mil for a 368-unit ($178.5k/unit) Rancho Bernardo apartment complex, which it intends to convert to condominiums. The property, called Villaggio, is l...
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• SoCal Apartment Sales Review
1/26/04
PALM SPRINGS (Riverside County) – The Kor Hotel Group has closed a $1.675 mil purchase of La Serena Villas, an historic inn at 339 South Belardo Rd. The property contains 17 units ($98.5k/unit) ranging from single-night hotel...
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• Orange County Investor Enjoys Bay Breeze
1/23/04
Here's a hat trick of recent SoCal apartment deals brokered by Sperry Van Ness (SVN), with the transactions being located in the Inland Empire, Orange County and the San Fernando Valley. The largest of the three transactions ...
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