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• Forest City Nabs LA Condo Conversion Tower
2/10/05
A Forest City Development entity purchased The Wilshire at Western, a condo conversion project of the former Getty Oil Company building in Los Angeles. The 22-story tower, located at 3800 Wilshire Blvd, across the street from...
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• Sherwin-Williams to Apply Master Stroke to Emeryville Site
2/09/05
Sherwin-Williams Company, the well-known paint firm, has proposed a plan to develop a mixed-use project on its existing 8.5-acre factory site in the city of Emeryville. The project, which has been submitted to the city, would...
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• Multifamily News Briefs
2/08/05
OXNARD (Ventura County) – Beverly Hills-based Sea Breeze Land Partners paid $9.7 mil for Sea Breeze, a 92-unit ($105.4k/unit) apartment property at 3530-3660 Samuel Ave. The seller was Sea Breeze Associates LP, out of Los Ang...
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• Eagle Soars Over Vegas
2/07/05
Eagle Real Estate Group has purchased Camden Harbor, a 560-unit multifamily community on 26.2 acres at 9000 South Las Vegas Blvd in Las Vegas. The complex, which sold for $67.2 mil ($120k/unit), is situated near 1-15, I-215, ...
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• Sacramento-Area Buyers Find Fairhaven for $4 Mil
2/03/05
Here's the scoop on a couple of Sacramento-area multifamily sales, one for a retirement community and the other for a 24-unit apartment property. In the larger of the two deals, Carmichael, CA-based Artisan Development paid $...
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• Bascom Closes another Big Lancaster Buy
2/02/05
The Bascom Group has made a second substantial acquisition in Lancaster, having paid $38.75 mil for the Woodcreek Apartments, a 416-unit ($93.1k/unit) complex at 43530 Gadsden Ave. The seller was NY-based Tarragon Corporation...
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• Multifamily Briefs
2/01/05
RIVERSIDE (Riverside County) -- Here's an opportunity to pick up an under-$10 mil apartment buy in what is ranked as the hottest multifamily market in the country, that being the Inland Empire. The property is the Golden Oaks...
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• Apartment Investors Know the Way to San Jose
1/31/05
The San Jose apartment market has moved up three places in Marcus & Millichap's National Apartment Index, ending the year at No. 22, up from No. 25 one year earlier. The Index, which ranks 42 apartment markets based on a seri...
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• RealFacts Shares the Real Facts about Remaining Condo Conversion
1/28/05
RealFacts, the highly regarded NoCal-based apartment data provider, has distributed some brief comments about market performance from the past year and some thoughts on what's in store for the booming condo conversion craze i...
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• Multifamily Briefs
1/25/05
BEVERLY HILLS (Los Angeles County) – The Gabor Living Trust paid $2.1 mil for a 6.8k sf ($309/sf) multifamily building at 156 S. Crescent Dr in Beverly Hills, originally constructed in 1926. The buyer also owns the building n...
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• Riverside-San Bernardino Ranked as Number One Apartment Market in US
1/21/05
The Riverside-San Bernardino (Inland Empire) apartment market, which was ranked number one in a year-end national survey, is expected to benefit from strong demographic and employment trends, a recent run-up in housing prices...
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• Bascom Nabs $28 Mil Lancaster Complex
1/20/05
In another end-of-year acquisition by The Bascom Group, the Irvine-based apartment investment firm paid $27.9 mil for the Antelope Pines Apartments, a 314-unit ($88.9k/unit) complex located at 43519 Kirkland Ave in the city o...
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• Investors Expected to Takes Strong Interest in San Francisco Apartment Market
1/19/05
San Francisco's apartment market in 2005 is expected to be a target of investors seeking to capitalize on still-low interest rates and improving local market conditions. At least, that's the opinion of the experts at Marcus &...
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• Bascom's $25 Mil Lancaster Buy is a Mirage
1/18/05
The Bascom Group squeezed in a $25 mil SoCal buy before closing out the year, as the Irvine-based apartment investment firm acquired Villa Mirage Apartments, a 320-unit ($78.1k/unit) community located at 43230 Gadsden Ave in ...
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• Multifamily Deal Notes
1/17/05
SAN JOSE (Santa Clara County) – A group of private investors paid $2.3 mil for a 24-unit ($95.8k/unit) apartment complex at 5520-5522 Camden Ave. The property, built in 1979, was fully occupied at the time of the sale. The se...
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• Financing Notes
1/14/05
Holliday Fenoglio Fowler LP's LA office arranged a bridge loan and $11.4 mil in financing for the acquisition of a 175-unit multifamily portfolio in Los Angeles. The borrower, Sebren Development LLC, purchased the property fr...
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• Upscale Sacramento-Area Apartment Complex Listed at $53 Mil
1/13/05
Here's an opportunity to acquire a large upscale Sacramento-area apartment property that just hit the market. The property is called Vineyards at Valley View, a recently completed 344-unit complex in the affluent El Dorado Hi...
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• Downtown LA Apartment Buy is Solid like Laeroc
1/12/05
Laeroc Partners of Hermosa Beach, CA, a privately-held company serving pension funds in their acquisition of Southern California real estate, has paid $7.5 mil for a five-story loft apartment building in downtown Los Angeles....
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• New High-Rise Condo Project Offers more Hope for Downtown LA Residential Market
1/11/05
There's no let-up in exciting new residential developments in Downtown LA, as one of the first high-rise condominium projects to be built downtown from the ground up in 20 years—a $60 mil, 17-story luxury project—is planned t...
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• Colony to Make Capital Investment in Marina del Rey's Water Terrace
1/10/05
Colony Capital LLC, the international investment firm HQ'd in Century City, has agreed to acquire the 450-unit Water Terrace residential complex in Marina del Rey for $305 mil as part of a $340 mil investment to refurbish the...
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