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• SoCal Investor Aces West Covina Apartment Buy
2/04/03
We think it was “love” at first sight, as a SoCal-based investor paid $11.25 mil for the San Marcos Tennis Club Apartments, a 116-unit ($97k/unit) complex at 2100 South Lark Ellen Ave, north of Amar Rd and west of Azusa Ave i...
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• Private Investors get Clean Slate for $25 Mil
2/03/03
A 242-unit complex in La Habra, known as the Slate Creek Apartments, was bought by a SoCal-based family trust for $25.6 mil ($105.8k/unit). Located at 900 W. Lambert Rd, between Idaho and Walnut Sts, the 28-year-old property ...
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• Multifamily Briefs
1/30/03
BEVERLY HILLS (Los Angeles County) – Beverly Hills City Council voted to allow an 11-story office building at 8601 Wilshire Blvd, at Stanley Dr, to be converted into an apartment building. Although the city's motivation behin...
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• Home Builders Pick up Montclair and Oxnard Sites for New Projects
1/29/03
While the pickins' for new home sites in much of Southern California is getting tougher, creative developers are still finding plenty of opportunities throughout the region. Two builders, Beazer Homes and Berly Development, h...
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• New Multifamily Product is a Homecoming for Lewis
1/28/03
Lewis Apartment Communities, the Upland, CA-based apartment subsidiary of the Lewis Group of Companies, has announced that they will begin developing new master-planned lifestyle communities, called Homecoming, to initially b...
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• Granite Makes Solid $11.85 Mil Buy in Downey
1/24/03
We've got two more Marcus & Millichap-brokered SoCal apartment sales to tell you about, one from Downey and the other from Chino. In the Chino deal, a private investor paid $11.1 mil for the Villa Serena Senior Apartments, as...
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• MG Properties Pays $20 Mil for a Nice Parkview
1/22/03
Here's a comp on a large Inland Empire apartment sale, as MG Properties paid $20 mil for Parkview Apartments, a 235-unit ($85.1k/unit) complex at 850 N. Benson Ave in Upland. Built in 1976, the Class A garden-style multifamil...
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• Pacific Development Partners Gets Wind of Santa Ana Apartment Opportunity
1/20/03
Pacific Development Partners recently paid $2.95 mil for a 41-unit ($72k/unit) apartment property at 1601 W. Civic Center Dr, between Fairview and Bristol Sts in Santa Ana. Built in 1985, the property had been held by the fam...
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• Financing Notes
1/16/03
We've got more SoCal multifamily financings to report from the folks at ARCS, who seem to crank out more deals than we get emails from readers who take umbrage with some of RENTV founder Steve Bloom's political grumblings in ...
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• $23 Mil Torrance Apartment Buy is Chiseled in Granite
1/16/03
Granite Investment Group, out of Irvine, wrapped up a $23.45 mil buy of a 152-unit ($154.3k/unit) apartment complex in Torrance, reported to be a new high mark for that market. Called Pacific Park, the property is at 20707 An...
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• 161-Unit Van Nuys Complex Sells for $14 Mil
1/15/03
A Southern California investment entity purchased the Sonterra Apartments, a 161-unit complex at 15425 Sherman Way, between Sepulveda Blvd and the 405 Fwy in Van Nuys. The garden-style complex, which consists of 106.4k sf of ...
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• Marcus & Millichap Multifamily News
1/10/03
The multifamily pros at Marcus & Millichap have been busy selling properties and signing up new listings across the state. And to prove our point, we've got two recent sales and a pair of new listings to let you know about. W...
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• Multifamily Briefs
1/07/03
IMPERIAL BEACH (San Diego County) – A private trust paid $3.35 mil for a 16-unit ($209.4k/unit) apartment property, to be converted into a condominium complex, at 1220 Seacoast Dr, south of Imperial Beach Blvd. The building s...
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• Grubb Ellis Multifamily Pros Willing to Get in Arms Way
1/06/03
Grubb & Ellis' multifamily specialists continue to rack up apartment deals, and we've got three recent SoCal examples to share with you. The first transaction was in West L.A., where a private investor paid $1.67 mil for a 21...
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• CIM Gets Approval for Supermarket-Anchored Project in Downtown L.A.
12/31/02
The drive towards the revitalization of downtown Los Angeles took a major leap forward with the announcement by CIM Group, one of the leading investor/developers of urban infill mixed-use projects, that it received approval f...
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• Snyder Heads Up an Oak Creek with Latest Mixed-Use Project
12/26/02
The J.H. Snyder Company, one of the most prolific developers in Los Angeles, wrapped up work on The River, an upscale Rancho Mirage retail complex, not too long ago and is now turning their attention to the Creek -- Oak Creek...
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• Multifamily Briefs
12/24/02
SAN DIEGO (San Diego County) - Pointe of View California Inc, a Canadian-based developer, picked up two adjacent lots, totaling 27.5k sf of land, in San Diego's East Village for development of a new high-rise condo project. O...
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• O'Donnell/Atkins Team Brokers New Home Sites in Santa Clarita and Chatsworth
12/19/02
Expect additional new housing starts in the Northern LA County communities of Santa Clarita and Chatsworth, as the O'Donnell/Atkins Company team of Craig Atkins, Roland Chavez and Scott Richardson has brokered four transactio...
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• Teachers Invests $50 Mil in University Towne Centre
12/18/02
Teachers Insurance and Annuity Association bought a one-year-old, 251-unit apartment complex in San Diego's University Towne Centre area for $49.5 mil, or $197.2k/unit. Situated on a 3.7-acre site, the four-story apartment pr...
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• Eagle Swoops in on $52 Mil Chula Vista Apartment Buy
12/17/02
Representing one of the largest multifamily transactions in San Diego County this year, Eagle Real Estate Group has acquired the 440-unit ‘Teresina at Lomas Verdes' apartment community in Chula Vista for $52.25 mil ($119k/uni...
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