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Cityview Buys 135-Unit Res Community in Portland 6/28/22 Cityview has acquired Burnside 26, a four-story, podium-style apartment community in Southeast Portland that consists of 135 res units along with 1.3k sf of restaurant space. The price was not given out.
Burnside 26 is loca...
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Work Gets Underway on New Seattle Res Tower 6/27/22 Work has started on a new 197k sf, nine-story, purpose-built life sciences development in downtown Seattle named 222 Fifth. The project is a joint venture between LPC West and Intercontinental Real Estate Corporation.
222 F...
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L.A. Area Investors Trade Long Beach Apartment Property in $6.5 Mil Deal 6/27/22 A Los Angeles-based private investor paid $6.5 mil for a 16-unit ($406k/unit) apartment property in the Rose Park neighborhood of Long Beach. The property is located at 640 Stanley Ave.
Built in 1973, the two-building proper...
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Pahlisch Commercial Obtains $50 Mil for OR Res Development 6/24/22 Pahlisch Commercial has received a $50.8 mil senior loan for the ground-up construction of Henley Place, a 178-unit, six-story multifamily community located on SE Main Street in Milwaukie, OR, a suburb of Portland. The money ...
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Office/Retail Building on Market Street in San Francisco Listed for Sale 6/23/22 A six-story plus basement, 50.9k sf office and retail building located on San Francisco’s Market Street has been put on the market. The property, 1049 Market, offers the buyer one of the first office-to-residential conversion...
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Inland Real Estate Acquisitions Has Acquired Two Build-to-Rent Developments in the Phoenix Metro Area 6/23/22 Inland Real Estate Acquisitions, a Chicago-based REIT, has acquired TerraLane at South Mountain and TerraLane at Canyon Trails, two build-to-rent located in Phoenix and Goodyear, AZ. The two communities, comprising a total of...
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Clear Capital Closes $82 Mil Multifamily Buy in the Inland Empire 6/23/22 Clear Capital purchased Foothill Ridge, a 232-unit apartment asset in Upland, for $82 mil, or $353.4k/unit. The property was sold by Virtu Investments.
Foothill Ridge Apartments is a garden-style apartment complex made up of...
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Purchase of Adjacent OR Multifamily Complexes Financed with $50 Mil in Loans 6/21/22 An unnamed private investor acquired two adjacent, recently completed multifamily complexes totaling 215 units in Oregon. The transaction was financed with $50.5 mil of permanent financing arranged by Gantry.
The properties...
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Fresno Apartment Property Sells for $131k/Unit 6/21/22 The Reserve, a 76-unit community located just outside of the downtown area of Fresno, was acquired by a SoCal private investment group for $10 mil, or $131.5k/unit.
Built in 1968, The Reserve is located on 220 South Callisc...
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Iconic 1960s Property in Scottsdale Undergoing a Major Redevelopment 6/21/22 The redevelopment of the iconic mixed-use Papago Plaza, recognizable to many long-time area residents for its Pueblo-style design dating to the 1960s, is taking shape as the area’s demographics are growing and the plaza gener...
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Investors Trade 27-Unit Apartment Building in the East Bay 6/20/22 The Point apartments, a multifamily apartment building in Point Richmond, CA, was acquired by a private investor for $14.97 mil. The 28.5k sf property, located at 401-403 South Garrard Blvd, 13 miles northwest of downtown Oak...
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Cortland Pays $74.75 Mil for 202-Unit Res Property in Scottsdale, AZ 6/20/22 Atlanta-based Cortland paid $74.75 mil for Centerra, a renovated 202-unit ($370k/unit) apartment community in Scottsdale, AZ. Built in 1986, the property was sold by a partnership between Edgehill and The Tanbic Company.
Cen...
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Walker & Dunlop Investment Partners and Pacific Life Form Investment Partnership 6/17/22 Walker & Dunlop Investment Partners Inc (WDIP) and Pacific Life have partnered to form a $500 mil programmatic joint venture. The joint venture will make equity investments in multifamily and industrial properties across the ...
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ColRich Acquires 177-Unit Multifamily Property in Kent, WA 6/17/22 ColRich has purchased CityZen Commons, a 177-unit multifamily property in Kent, WA, for $52 mil, or $294k/unit. The asset was sold by The Jacobson Company, who had acquired the property for $28.1 mil in 2018.
Built in 1980,...
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Landmark Properties Buys Two Parcels in Seattle’s University District 6/16/22 Two parcels totaling 15.2k sf in Seattle’s University District were purchased by Landmark Properties. The land is located next to the recently opened U-District light rail station and is entitled for a 24-story, 237-unit mult...
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ZMR Capital Closes $38.5 Mil Multifamily Buy in Las Vegas 6/16/22 ZMR Capital has acquired Sunridge, a 216-unit multifamily community in Las Vegas, for $38.5 mil ($178k/unit) in an off-market transaction. The deal marks the Florida-based multifamily investment firm’s entry into the Southern...
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Security Properties Lands $180 Mil in Equity and Construction Money for Seattle Mixed-Use Tower 6/15/22 Security Properties Inc has obtained a $65.16 mil joint venture equity investment and $115.25 mil of construction financing for The Confidential, a trophy mixed-use development located in Seattle’s Belltown submarket. The joi...
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RREAF Communities Picks Up Over 3,000 Acres in Texas for Master-Planned Community 6/15/22 RREAF Communities, a division of Dallas-based RREAF Holdings has purchased 3,173 acres of land located at the intersection of State Highways 130 and 80 in Caldwell County, between San Antonio and Austin, TX. The land will be ...
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Phoenix Res Community Trades in $32 Mil Deal 6/15/22 Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, was sold in a $32.1 mil ($178.3k/unit) transaction. The asset was sold by Tower 16 Capital Partners, who acquired the property in December 2019 for $11...
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TruAmerica Multifamily Completes $54 Mil Multifamily Purchase in Washington 6/13/22 TruAmerica Multifamily has acquired The Dakota, a 156-unit garden-style apartment community in Lacey, WA, a suburb of Olympia, for $54 mil ($346k/unit). The 15-year-old institutional quality asset brings the number of multifa...
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