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November 29, 2023
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MULTIFAMILY HEADLINES
Reno, NV Multifamily Property Trades for $259k/Unit
11/28/23
56-unit Quail Meadows sits on 5.4 acres of land

Mixed-Use Property in Palm Springs Goes for $349/sf
11/28/23
Asset consists of 12 res units along with 3.5k sf of retail space

Los Angeles Apartment Property Sells for $647k/Unit
11/27/23
Newly constructed four-unit asset is in the cityís Pico Union submarket

Two OC Multifamily Trades Total $7.6 Mil
11/21/23
Deals are properties in Fullerton and Buena Park

MG Properties Closes on $100 Mil AZ Res Buy
11/20/23
Deal for NOVO Broadway Apartments in Tempe works out to $309k/unit

Apartment Property in L.A.ís Koreatown Sells for $225k/Unit
11/17/23
10-unit asset was built in 1922

Bayhill Ventures Announces Plans for 672-Unit Res Project in Downtown San Francisco
11/17/23
530 Howard Street will replace a parking lot and a four-story office building

Silicon Valley Res Project is Nearing Completion with Pre-Leasing Underway
11/16/23
389-unit Vida is a development of MBK Rental Living and Haseko Corporation

Dart Interest Buys 2.3-Acre Development Site in Downtown Salt Lake City
11/15/23
Two-parcel property currently consists of a vacant data center and a parking lot

New 222-Unit Res Development in Livermore Opens to the Public
11/14/23
Legacy at Livermore was designed by BDE Architects

Escondido Apartment Comp Works Out to $282k/Unit
11/14/23
Investor spends $1.4 mil on five-unit property

First Retail Tenants at New Hollywood Park Mixed-Use Campus Project Have Opened their Doors
11/14/23
Upon build-out, 300-acre development expected to offer 2,500 residences, a 300-room hotel, up to 890k sf of retail and up to 5 msf of creative office space

Private Investor Pays $344k/Unit for Apartment Property in L.A.ís Hancock Park
11/13/23
Deal closes at a cap rate of 4.3%

Hines and MBK Rental Living Get Started on Luxury Res Community in Colorado Springs, CO
11/10/23
Retreat at Mountainside will offer 284 rental units in a range of sizes and layouts

West Hollywood Apartment Property Trades at 4.85% Cap Rate
11/10/23
12-unit structure was built in 1957

Inland Empire Multifamily Works Out to $182k/Unit
11/09/23
Bevia Apartments, a 48-unit property in Moreno Valley, sells for $8.72 mil

West Covina Apartment Property Trades for $40 Mil
11/09/23
B.A.G. Investments Inc purchases 140-unit Sunset Square for $286k/unit

Apartment Property in Old Town Torrance Goes for $437k/Unit
11/09/23
11-unit asset picked up by local exchange investor



 


 
 


 
 





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