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• OC Investor Exchanges Out of One Anaheim Apartment Property and into Another in Deals Totaling $16.8 Mil
10/30/24
A private investor sold one multifamily property and acquired another, both in Anaheim, in recent 1031 exchange transactions totaling $16.77 mil. The assets, have a combined 53 units.
“Our client wanted to trade their existi...
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• San Jose Affordable Housing Complex Refinanced with New $30 Mil Loan
10/30/24
The John Stewart Company has secured a $30.17 mil refi loan on Monte Alban Apartments, a 192-unit, garden-style affordable housing complex in San Jose. Built in 1970 and renovated in 2006, the property is located at 1324 Sant...
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• High-End Res Tower in San Francisco is 97% Sold
10/24/24
MIRA, a 392-unit luxury condominium tower in the East Cut neighborhood of San Francisco’s Downtown, is now 97% sold. The project, Located at 280 Spear St, just steps from the Embarcadero, was developed by Tishman Speyer and o...
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• Bay Area Multifamily Property Traded in $38 Mil Deal
10/24/24
In a recent Bay Area multifamily trade, Interstate Equities Corporation (IEC) purchased 888 Fourth St Apartments, a 108-unit recently completed mid-rise property in the heart of downtown Santa Rosa. IEC paid $38.25 mil ($350k...
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• Liv Communities and Rockefeller Group Complete Work on 360-Unit AZ Res Community
10/24/24
Liv Communities and Rockefeller Group have completed work on and are now planning a November 2nd public open house event for Sol38 by Liv, a new, 360-unit residential community in Laveen, AZ. The project offers a range of ame...
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• Hawkins Way Capital Picks Up 79-Unit Student Housing Property Near UC Berkeley
10/23/24
Hawkins Way Capital LLC has purchased Varsity Berkeley, a mid-rise student housing complex located at 2024 Durant Ave in Berkeley. Constructed in 2015, Varsity Berkeley is a thriving student housing complex featuring 79 units...
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• Bellflower Apartment Property Sells for $175k/Unit
10/22/24
A 32-unit multifamily property in the city of Bellflower traded for $5.6 mil, or $175k/unit. The property, located at 15741 Blaine Ave, was acquired by a private investor.
Built in 1955, the property at 15741 Blaine Avenue o...
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• San Francisco’s Historic Humboldt Bank Building to be Transformed from Office Space to Workforce Housing
10/18/24
San Francisco’s historic Humboldt Bank office building is set to undergo a transformation from underutilized office space into desperately-needed workforce housing. The renovation, located at 785 Market St, is a project of Fo...
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• Apartment Building in L.A.’s Castle Heights Area Sold for Just Over $200k/Unit
10/18/24
An 11-unit multifamily property at 3280 Provon Lane, just north of National Blvd, in the Castle Heights neighborhood of Los Angeles sold for $2.35 mil, or $213.6k/unit.
The property, which includes a non-conforming unit, of...
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• OC Multifamily Property Goes for $266k/Unit in an Off-Market Transaction
10/17/24
A 10-unit multifamily property at 3926 Franklin Avenue in Fullerton was purchased by a private investor for $2.665 mil in an off-market transaction. The deal comes in at $266.5k/unit and $360/sf.
Built in 1985, the two-story...
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• High Street Residential Starts Work on Millbrae Residential Development
10/17/24
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has commenced construction on One Meadow Glen, a new residential community in Millbrae, a Bay Area city situated about 15 miles south of San ...
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• Bolour Associates to Develop 61-Unit Res Project in East Hollywood’s Melrose Hill Neighborhood
10/16/24
Bolour Associates Inc has secured entitlements to build a seven-story, for-rent residential apartment building in East Hollywood’s Melrose Hill neighborhood.
Located at 4800 W. Melrose Ave in Los Angeles, the project will i...
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• Gortikov Capital Buys Affordable Housing Portfolio in Santa Monica for $120 Mil
10/15/24
Gortikov Capital has acquired, Samo Collection, a portfolio of 399 income- and rent-restricted affordable housing units across 11 buildings in the City of Santa Monica, for $120 mil.
Gortikov Capital plans to undertake targ...
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• PCCP LLC Picks Up 13-Acre TX Site for Res Development
10/15/24
PCCP LLC has acquired 13-acre parcel of land for the construction of Skymor at Pearland, a Class A, 109-unit built-for-rent gated townhome community located on Old Chocolate Bayou Rd in Pearland, TX. A Houston-based single-fa...
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• Legacy Partners and Silverpeak Real Estate Partners Start Work on 240-Unit Res Project in Washington
10/15/24
Construction has started on Legacy at University Place, a 240-residence apartment community coming to University Place, WA. The project is a venture of Legacy Partners and Silverpeak Real Estate Partners, who recently closed...
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• Universe Holdings Refinances Three SoCal Res Properties
10/14/24
Universe Holdings (Universe) has refinanced three of its SoCal multifamily properties with fixed-rate financing which will add approximately $100k sf a month in additional property cash flow.
The three new separate, five-yea...
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• Oakland Apartment Property Sells for $293k/Unit
10/11/24
A 29-unit multifamily asset in Oakland sold for $8.5 mil, or $293k unit. The property is located at 765 Rand Ave, in Oakland's Lakeshore neighborhood between Lakeshore and Grand Avenues.
The property offers tenants access t...
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• Pacific Urban Investors Buys Milpitas Res Community
10/11/24
Here’s news of a large multifamily trade in Silicon Valley, Ascend Apartments, a 266-unit multifamily community in Milpitas, was acquired by Pacific Urban Investors in a recent off-market transaction said to be worth about $...
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• Sunnyvale Mixed-Use Development Celebrates Official Grand Opening
10/11/24
Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, celebrated its official grand opening this month. The project is a development of STC Venture LLC, a joint venture between affiliates of Hunter Pa...
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• Zekelman Industries Entity Buys 20-Acre Site in San Tan Valley, AZ for Res Development
10/11/24
Z Modular, a division of Zekelman Industries, purchased a 20.45-acre development site in San Tan Valley, AZ for $14.4 mil. The buyer intends to build a 318-unit multifamily project on the land.
The San Tan Valley land site s...
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