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July 8, 2004 - $33 Mil San Diego Apartment Portfolio Hits the Market 7/08/04 A San Diego-based private investor has listed a portfolio of 11 apartment properties in San Diego County, with a combined value of $33.41 mil, based on a 4.5% market capitalization rate. The Linda Vista Portfolio is comprised...
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SoCal Apartment Investors Move Inland 7/07/04 There has been a lot of activity in the Inland Empire multifamily arena, as we keep getting more and more news items about transactions all across Riverside and San Bernardino Counties. Here's a look at two recent sizable dea...
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Investors Make $35 Mil Apartment Buy in Marina Del Rey 7/06/04 Villa Venetia Apartments, a 224-unit apartment complex in the upscale West LA community of Marina del Rey, was sold for $35 mil ($156.3k/unit). Located on the main water channel at 13900-13910 Fiji Way, the property is adjace...
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Ontario Condo Conversion Property is out of the Woods 7/01/04 A 22-unit Ontario apartment complex called Mariposa Woods was purchased by a private investor for $3.1 mil, or $140.9k/unit. The property, at 1235 East “D” Street, was built in 1981 and consists entirely of two-bedroom units...
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Shea Strikes Black Gold in Yorba Linda Land Buy 6/30/04 O'Donnell/Atkins, the Irvine-based land brokerage firm, has wrapped up a number of big land deals here in SoCal, including three transactions that we'll review in this report. In the West Hills area of the San Fernando Valley...
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Investors Pick San Diego Apartment Buildings 6/29/04 Here are comps on a pair of recent San Diego multifamily deals, with a combined price tag of just under $5 mil. In one of the transactions, an entity called 3815 Third Ave LLC picked up the Hillcrest Apartments, an 18-unit co...
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Glenborough Receives Redwood City Approval for Major Residential Project 6/28/04 Glenborough-Pauls has received city council approval from Redwood City to move forward with a huge development that is slated to contain 1,930 residential units, to be constructed over a 20-year period. Called Marina Shores V...
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Multifamily Deal Notes 6/25/04 MARINA DEL REY (Los Angeles County) – A partnership made up of Newport Beach-based Lyon Capital Ventures and the Wolff Company, out of Arizona, paid just over $34 mil for Villa Venetia, a 224-unit (151.8k/unit) apartment comp...
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SoCal Apartments Hit the Market 6/24/04 Multifamily properties continue to be one of the hotter investment segments of the real estate industry here in Southern California, as factors such as the rapidly growing population in the region, escalating home prices and ...
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Big Apartment Owners are Razing Arizona 6/22/04 We've all heard the warnings about multifamily investments in Arizona, you know the ones, about it being a state with very few limits to supply growth, making it highly susceptible to swings in the market. But with deals toug...
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Vegas Investors Betting on Multifamily 6/21/04 Doug Schuster and Garry Cuff of the Las Vegas office of NAI Horizon recently completed three significant multifamily deals involving a total of 826 units. In two of the transactions, worth a combined $45.75 mil, Vinmark RE En...
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Home Builders Team Up to Buy 2,000 Acre-Site in Henderson 6/18/04 A 1,940-acre land parcel in the Nevada city of Henderson was purchased though an auction on June 2 by a group of home builders that included KB Home, the largest home builder in the Las Vegas area. Per a recent piece in the L...
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AMCAL to Add 523 New Housing Units Near Dodger Stadium 6/17/04 Boosters of new housing development in lower income parts of LA should welcome a big groundbreaking event coming up next Tuesday, June 22. The event will promote construction by AMCAL Multi-Housing on an innovative transit-or...
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Investors Pick Up $26 Mil San Francisco Apartment Portfolio 6/16/04 A Bay Area investment group that currently owns more than 3,000 multifamily units recently purchased a portfolio of seven apartment properties in San Francisco, in a transaction that had a sales price of $26.26 mil and an ave...
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Multifamily Deal Notes 6/15/04 POWAY (San Diego County) – Canyon View Apartments, a 44-unit complex in Poway, was sold for $8.7 Mil ($197.7k/unit). The two-story, 37.7k sf property is located on 1.66 acres at 12719-12745 Robison Blvd. The buyer, WGA Robiso...
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Intracorp Goes with New Platinum Triangle Offense in Anaheim 6/14/04 Looking to capitalize on what they hope will be a brand emergence of Platinum Triangle, the area around Edison Field in Anaheim, Intracorp, out of Newport Beach, has bought a four-acre, underperforming corner retail site that...
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Multifamily Briefs 6/11/04 WEST COVINA (Los Angeles County) – A San Diego-based investor paid $13.5 mil for South Hills, an 85-unit ($158.8k/unit) complex at 2928 East Virginia in the San Gabriel Valley city of West Covina. The seller was The Bascom Gr...
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Big $106 Mil Sale in Little Italy 6/10/04 Irvine-based K. Hovnanian Companies acquired a just-completed 382-unit condo project called Acqua Vista in downtown San Diego. Hovnanian paid $106 mil ($277.5k/unit) for the property, which was sold by Watt Commercial Propert...
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SoCal Multifamily Notes 6/04/04 ORANGE (Orange County) – A Newport Beach investor paid $19 mil for Strada, a 130-unit ($146.2k/unit) apartment community at 175 North Feldner Rd. The seller was Newport Beach-based CT Realty. Joe Leon, Peter Hauser and Brian ...
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Planned Residential Project to Tower over Richmond's Waterfront 6/03/04 A partnership of Simeon Commercial Properties and Cherokee Investment Partners is looking to develop a condo high-rise project as part of the massive Campus Bay development on Richmond's waterfront. According to a recent arti...
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