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• Multifamily Sales
9/09/03
EL CAJON (San Diego County) – A 36-unit apartment property at 346 S. Mollison Ave sold for $3.03 mil, or about $84.2k/unit. Steve Huffman and Jules Arthur of Hendricks & Partners represented the buyer, Maxim N. Moyal, and the...
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• Five California Regions Head National List of Top Multifamily Seller's Markets
9/08/03
Sperry Van Ness, the Irvine-based investment brokerage firm, announced the results of its study of America's Top 10 Multifamily Investment Markets for 2003. The winner, in the category of Top Seller's Markets is San Francisc...
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• Investor Buys 32-Unit Good House in Anaheim
9/03/03
A private investor looking to complete a 1031 exchange transaction acquired the Buena Casa Apartments in Buena Park for $3.9 mil, or $121.9k/unit. Located at 8071 7th St, north of I-5 and east of Beach Blvd, Buena Casa consis...
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• AvalonBay Sells Amberway
9/02/03
A 256-unit apartment complex in San Diego's University Town Centre area was sold by Northwestern Mutual Life Insurance for $50.8 mil, or about $199.2k/unit. Called Lucera at UTC, the property was sold in two separate transact...
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• Multifamily Notes
8/29/03
WEST LOS ANGELES (Los Angeles County) – A 12-unit apartment complex at 11973 Montana Ave, near Bundy Dr in Brentwood, was purchased for $3 mil ($250k/unit). Built in 1951, the complex consists of 4 one-bedroom/one-bath units,...
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• San Diego Apartment Sales Drop; Permits for New Condos Jumps
8/26/03
A just released report by Burnham Real Estate Services shows that the number of second quarter 2003 apartment sales declined by 31.9 percent from the same three-month period in 2002, although the permits issued for condominiu...
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• August 25, 2003 - $15 Mil San Diego Transaction Leads Apartment Sales Review
8/25/03
A 161-unit apartment complex in the San Diego community of Nestor traded hands for $15 mil ($93.2k/unit). Located at 1910 and 1905-1979 Avenida del Mexico, the property was built in 1984 and consists of three buildings on jus...
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• Downtown Office Building is Now a 322-Unit Apartment Complex
8/22/03
The residential real estate renaissance in downtown LA continues, as another interesting new rental property has hit the market. The KOR Group, a privately held real estate investment and management firm, has just wrapped up ...
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• Shea and Capital & Counties Team up on $70 Mil Mixed-Use Project in Pasadena
8/20/03
Shea Properties has begun construction on an exciting new mixed-use development in Pasadena's Historic Playhouse District. Called Trio, the project comprises an entire city block and will contain 304 apartment units over 14.6...
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• Sperry Van Ness Handles Grande Apartment Sale in Bellflower
8/19/03
Here's a trio of LA-area apartment sales brokered by the investment pros at Sperry Van Ness, the Irvine-based brokerage firm that has grown in size to cover more than 70 markets across the country. Our first stop is in Bellfl...
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• Casden Creates Palace for LA Renters
8/18/03
Casden Properties has wrapped up construction of The Palazzo at Park La Brea, a $250 mil luxury apartment complex at 6220 West Third St, directly across the street from The Grove and Farmers Market, just east of Fairfax Ave. ...
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• August 15, 2003 - A.F. Evans Renting Housewives in Oakland
8/15/03
Following up on a big apartment sale we first reported a couple of weeks ago, San Francisco's A.F. Evans Development Co sold the 450-unit Estancia Apartments in Santa Clara to Englewood, Colo.-based Archstone-Smith, one of t...
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• Here's $233 Mil of LA-Area Apartments on the Market
8/15/03
Many industry experts are telling us that multifamily properties are still the safest investment bet, at least in Southern California, at this point in time, with the economy still trying to shake out of the doldrums. In the ...
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• Developer Hopes to Build Tasteful Apartment Complex on Former Restaurant Site
8/14/03
The site of the famous Perino's restaurant, long one of the most popular dining venues in LA and host of a Folgers coffee commercial many years back (where they compared Folgers crystals to freshly ground coffee), is about to...
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• August 12, 2003 - L.A. Apartment Market Continues to Be One of Nation's Hottest
8/12/03
A just released report from Marcus & Millichap indicates that soaring housing costs and a growing population are keeping the local apartment market in a healthy state and will support stability over the long term. A summary o...
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• Pacific Properties to Build Luxury Apartment Project in Riverside
8/11/03
Pacific Properties has begun construction on a $20 mil, 158-unit luxury apartment complex in the Inland Empire city of Riverside. Called Sycamore Highlands, the property is at the intersection of the 60 and 215 freeways on a ...
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• O'Donnell/Atkins Helps Build the Hesperian Empire
8/08/03
Here's a couple more land deals brokered by the folks at O'Donnell/Atkins, the Irvine-based brokerage firm that specializes in land transactions. One of the transactions was in the city of Hesperia, as Empire Companies, a rea...
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• Archstone/H.G. Fenton Team Up to Build Mission Valley Complex
8/07/03
Archstone Communities has broken ground on a 396-unit luxury apartment community in Mission Valley called Portofino that will be owned by H.G. Fenton Company upon completion and lease-up. The project is being built on a 16.5-...
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• Zander takes a Gander at San Fernander Valley Apartment Sales
8/05/03
Dean Zander, a Partner at Hendricks & Partners, has been busy selling apartment properties in the San Fernando Valley. Here's the scoop on two of his recent deals, in which he represented both the buyer and the seller.
In o...
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• Beazer Buys Lots of Lots
8/04/03
Beazer Homes, an Atlanta-based homebuilder with local offices in the city of Orange, has been busy picking up additional land around SoCal for the construction of a number of new homes. In Ventura County, the company acquired...
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