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BRIDGE Housing Secures $250 Mil in Financing from Morgan Stanley 7/20/22 BRIDGE Housing secured a $250 mil set-aside for project-level financing from Morgan Stanley and National Equity Fund (NEF) under a program that promotes affordable and workforce housing. This allocation serves as evidence of ...
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Redmond, WA Dev Parcel Goes for $35 Mil 7/19/22 A 100k sf land parcel in downtown Redmond, WA was sold in a deal worth $35 mil. The rectangular parcel, located at 16135 NE 85th St, near the geographic center of downtown Redmond, is fully entitled for development into 425 r...
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Apartment Property in Long Beach Sells for $323k/Unit 7/19/22 An 11-unit apartment property in the Alamitos Beach submarket of Long Beach sold for $3.55 mil ($323k/unit). The property is located at 366 Walnut Ave, just one block from Fourth Street/Retro Row.
Built in 1923, the bungalow...
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Two East Bay Sales Total $42.75 Mil 7/18/22 We’ve got two recent sales transactions from the East Bay to share, one for a self-storage facility in Fremont and the other for a multifamily community in Hayward. The deals totaled $42.75 mil and were brokered by Adam Levin...
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Hines Buys 24-Story Office Tower in Salt Lake City’s CBD 7/14/22 Hines purchased South Temple Tower, a 217k sf value-add office building located in the vibrant North End of Salt Lake City’s CBD, in an off-market transaction. Hines plans to transform the office property into a 255-unit luxu...
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Anaheim Apartment Building Trades for $354/Unit 7/14/22 A newly renovated, 16-unit garden-style multifamily community in Anaheim sold for $5.67 mil, or $354.4k/unit. Located at 2070 S Mountainview Ave, the complex is situated on nearly half an acre and consists of a single two-sto...
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Washington Multifamily Community Lands $67 Mil Recapitalization 7/13/22 Bella Terra Apartments, a 235-unit multifamily complex in Mukilteo, WA, was recapitalized with new financing of $67 mil. The property is by a joint venture between Holland Partners Group and Principal Real Estate Investors, w...
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San Jose Multifamily Development Lands $345 Refi Loan 7/13/22 Bayview Development Group has obtained a $345 mil refi on Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose.
The bold and modern designed, two-tower 28-story Miro features s...
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Res Community in L.A.’s Los Feliz Neighborhood Goes for $480k per Unit 7/13/22 Alliance Residential Company purchased Vue Los Feliz, a 134-unit apartment property in the Los Feliz neighborhood of Los Angeles, for $64.3 mil, or $479.9k per unit. The property was sold by a private multifamily investment f...
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Newly Built Washington Res Community Trades for $242 Mil 7/11/22 Uplund apartments, a 409-unit, new construction multifamily property in Kirkland, WA, has traded hands in a deal worth $242 mil, or $592k/unit. The property was sold by American Capital Group (ACG) and Artemis Real Estate Par...
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Preservation Equity Fund Advisors Acquires 144-Unit, Section 8 Housing Community in El Cajon 7/08/22 Preservation Equity Fund Advisors (PEF Advisors) has purchased Lexington Green, a 144-unit, stabilized project-based Section 8 housing community in El Cajon. The price was not disclosed.
The 98% occupied property is comprise...
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Novin Development Corporation Acquires 71-Unit Res Community in the Bay Area 7/08/22 Novin Development Corporation (NDC) acquired The Post, a 71-unit apartment community in the NoCal city of Pleasant Hill, for $23.15 mil ($326k/unit). The 40.8k sf apartment community acquisition was made possible through the ...
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$40 Mil Vegas Res Trade Works Out to $227k/Unit 7/08/22 In a recent Vegas res buy, Tide Equities paid $40 mil for Las Brisas de Cheyenne, a 176-unit ($227.3k/unit) multifamily community located at 3985 E Cheyenne Ave. The property was sold by Epic Investments.
Located in Las Vega...
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West Seattle Apartment Building Sells for $367k/Unit 7/07/22 Villa Andora, a fully renovated, 37-unit apartment building in West Seattle, sold for $13.6 mil, or $367.5k/unit. Located at 1520 California in the city’s North Admiral neighborhood, Villa Andora is a fully modernized apartme...
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Legacy Partners Starts Work on 236-Unit Denver Res Project 7/06/22 Legacy Partners has broken ground on Araceli, a 236-unit apartment community in Denver. The project, which offers one- to three-bedroom-plus-den units feature built-in desks and workspaces to accommodate the new hybrid work m...
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Champion Real Estate Company Picks Up Res Site Near University of Washington 7/05/22 Champion Real Estate Company has acquired .33 acres of land near University of Washington in Seattle for $7.3 mil. The firm has obtained approvals for the development of Victory at the U, a 110-unit, 516-bed student housing ...
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Pacific Urban Investors Closes $90 Mil Seattle Res Buy 7/05/22 In a recent Seattle res trade, Alley24 Apartments, a 172-unit multifamily asset in the city’s South Lake Union area, was acquired by Pacific Urban Investors for $90 mil, or $523k/unit. The property, located at 241 Yale Ave N,...
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Apartment Property in Olympia, WA Goes for $342k/Unit 7/01/22 Crescent Point, a 62-unit apartment community in Olympia, WA has traded for $21.25 mil ($342k/unit). Located at 5600 Dunham Drive, Crescent Point was built in 2020 by the seller, a local partnership.
The three-story commun...
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Manulife Investment Management Secures $40 Mil Recapitalization on Two CRE Assets in Downtown Portland 6/30/22 Manulife Investment Management has obtained $40 mil in financing for the recapitalization of LL Hawkins Apartments and Slabtown Marketplace in the Slabtown neighborhood near downtown Portland.
Located at 1515 NW 21st Ave, LL...
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DB Capital Management Buys 149-Unit Multifamily Property in the Denver Area 6/29/22 DB Capital Management has acquired its second multifamily asset in the Denver metro in the last month with the purchase of Gardens on Paris, a 149-unit apartment community in Aurora, for $24.55 mil ($165k/unit).
Completed i...
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