|
Tower 16 Capital Partners Picks Up AZ Multifamily Property at $190k/Unit 12/24/21 San Diego-based Tower 16 Capital Partners has acquired Park 67 Apartments, a 160-unit multifamily property located in Glendale, AZ, for $30.4 mil ($190k/unit). Built in 1973, Park 67 Apartments was acquired from a private sel...
|
AZ Res Community Acquired for $114 Mil by Davlyn Investments 12/22/21 Davlyn Investments has acquired Trevi, a 290-unit, Class A luxury multi-family community in Chandler, AZ, for $114.385 mil ($394.4k/unit).
Constructed in 2005, Trevi features nine- to 12-foot ceilings, central heating and a...
|
Greystar Real Estate Partners Buys 264-Unit Res Community in Riverside 12/22/21 Greystar Real Estate Partners purchased Viano at Riverwalk, a 264-unit apartment complex in Riverside. The property was sold by Griffin Living, a nationally recognized leader in senior living, multi-family, and retail develop...
|
Kamiak Pays $8 Mil for Development Parcel in Seattle 12/21/21 A 22.9k sf land parcel located in north Seattle’s Fremont neighborhood sold to real estate firm Kamiak for $8 mil. The parcel is being considered for future mixed-use multifamily development.
The property is located at 4318...
|
New 65-Unit Res Project in L.A.’s Silverlake Area is Fully Leased at Project Completion 12/21/21 The Ridge, a new 65-unit multifamily in Los Angeles’ Silverlake neighborhood, has been completed and is 100% leased up. The indoor/outdoor-inspired multifamily property, located at 3160 Riverside Dr, adjacent to Griffith Park...
|
Security Properties Buys Newly Constructed WA Res Community from The Wolff Company 12/20/21 Security Properties purchased 207 East, a newly constructed, 288-unit apartment community in Edgewood, WA, from The Wolff Company. The price was not immediately given out.
Built in 2020, 207 East consists of one-, two- and t...
|
Trion Properties Acquires 197-Unit Multifamily Property in the Sacramento Area 12/20/21 Trion Properties purchased ReNew Carmichael, a 197-unit apartment community located in the Sacramento-area city of Carmichael, for $46 mil in an off-market transaction. The property was sold by FPA Multifamily in a deal that ...
|
Milhaus to Build 219-Unit Upscale Res Project in Tempe 12/20/21 Milhaus has announced plans for Apache, a new 219-unit luxury multi-family development in Tempe, AZ. The project, situated on a 4.5-acre site at 2125 E. Apache Blvd in a Qualified Opportunity Zone , will be built by McShane C...
|
Fremont Multifamily Community Sells for $112.5 Mil 12/17/21 The Rexford, a 203-unit, fully-renovated multifamily community in Fremont, was purchased for $112.5 mil ($554k/unit) by a publicly traded real estate investment trust in a deal we’re told ranks as as the largest single multif...
|
Overseas Investor Pays $373k per Unit for Multifamily Asset in Ontario 12/17/21 Hallmark at Mission, a 75-unit multifamily community in Ontario, recently traded to a private foreign investor for $28 mil, or $373.3k/unit, in an all-cash transaction. Located at 840 S. Magnolia Ave, the four-story property ...
|
DB Capital Management Picks Up 112-Unit Multifamily Property in Austin 12/17/21 DB Capital Management has purchased its third property in Texas in the last two months with its acquisition of Lantana Trace, a 112-unit multifamily community in Austin. The price was not disclosed.
Since entering Texas in 2...
|
Pomona Multifamily Property Purchased for $130 Mil 12/16/21 Monterey Station, a 349-unit apartment complex in Pomona, was purchased by Standard Communities and Faring, a leading national investor and developer of affordable and workforce housing, for $130 mil ($372.5k/unit). The commu...
|
Multifamily Community in San Diego’s Little Italy Neighborhood Sells for $650K per Unit 12/15/21 Eighteen Ten State Street, a 99-unit, Class A multifamily property in San Diego’s Little Italy neighborhood, sold for $64.4 mil, or $650.5k per unit. The eight-story, mid-rise structure was sold by McMillin LLC.
Eighteen Ten...
|
Long Beach Apartment Sale Closes at $306k per Unit 12/15/21 An eight-unit apartment property located at 26 Belmont in the Belmont Shore area of Long Beach traded for $2.45 mil, or $306k per unit. The buyer was a Los Angeles-based private investor.
Built in 1953, the two-story propert...
|
Ventura Office Campus Trades for $24.3 Mil 12/15/21 Buenaventura Financial Center, a four-building, 162.7k sf garden-style office campus in Ventura, was purchased by a Los Angeles-based private investor for $24.3 mil ($149/sf). The property sits on 7.7 acres at 255, 260, 290 a...
|
Decron Properties Grows Its Phoenix Res Portfolio with $101 Mil Purchase of 256 Units 12/14/21 Decron Properties acquired Arrowhead Ranch by Baron, a 256-unit community located in Glendale, AZ, for $101 mil, or $394.5k/unit. With the addition of Arrowhead Ranch, Decron has now acquired 1,352 units in the Phoenix MSA ov...
|
Seattle Development Site Goes for $13 Mil 12/14/21 A two-parcel, 22k sf development site in Seattle’s University District sold for $13 mil. Formerly home to a Walgreens and its parking lot, the two-parcel site located at 1205 NE 50th Street and 4751 Brooklyn Street benefits f...
|
RISE Properties Trust Spends $75 Mil on Portland Apartment Community 12/13/21 Canada-based RISE Properties Trust paid $75 mil for 10th @ Hoyt, a 178-unit ($421.3k/unit) multifamily community in Portland’s Pearl District. The property was sold by San Francisco Bay Area-based Prometheus Real Estate Group...
|
Waterford Property Company and California Statewide Community Development Authority Spend $280 Mil on 480-Unit Pasadena Res Property 12/10/21 Waterford Property Company, in partnership with the California Statewide Community Development Authority (CSCDA), has acquired Westgate Apartments, a 480-unit multifamily property in Pasadena, for $280 mil ($583.3k/unit). The...
|
Channel Properties Buys Newly Constructed Multifamily Property in Marin County 12/10/21 Napa-based Channel Properties purchased a newly constructed, 41-unit multifamily mixed-use development in downtown San Rafael, just north of San Francisco in affluent and severely supply-constrained Marin County. Completed in...
|