| Walker & Dunlop Arranges $34 Mil in Freddie Mac Funding for Roseville Apartment Project
Walker & Dunlop Inc provided a $33.8 mil commitment under the Freddie Mac Tax Exempt Loan (TEL) Unfunded Forward Program for the permanent financing of Campus Oaks Phase I, an affordable, garden-style apartment community in R...
| Sacramento Area Residential Property Sells for $110k/Unit
A partnership between Ridge Capital Investors LLC and an affiliate of Andell Inc have acquired Sierra Fair Apartments, a 204-unit property in the Sacramento area, for $22.35 mil ($110k/unit). The Class B property is situated ...
| Sacramento-Area Walgreens Sells for $500/sf
A 14.5k sf, NNN Walgreens located in the Sacramento suburb of Elk Grove has sold for $7.34 mil ($506/sf). The 10-year-old, Walgreens property traded at a 5.64% cap rate.
Located at 9200 Elk Grove Florin Rd, at the intersecti...
| Investor Spends $32.5 Mil on 236 Res Units in Modesto
A SoCal investor has paid $32.57 mil for two multifamily communities totaling 236 units ($138k/unit) in Modesto. The acquisition consists of The Commons Apartment Homes, a 100-unit community on Standiford Ave, and Summerview ...
| Avanath Capital Management Spends $56.5 Mil on Sacramento Res Portofolio
Avanath Capital Management LLC has acquired an affordable housing portfolio of three apartment communities totaling 468 units in Sacramento for $56.5 mil ($121k/unit). The acquisition nearly doubles Avanathís footprint in the...
| Decron Properties and Sequoia Trade Multifamily Assets in $193 Mil Transaction
In an unusual institutional-quality multifamily investment deal, Decron Properties has traded a 264-unit property in Sacramento and cash to Sequoia in a direct exchange for a two-property 504-unit apartment portfolio in Simi ...
| Westcore Properties Spends $14.4 Mil on Stockton Industrial Asset
Westcore Properties has acquired a 277.5k sf industrial property in Stockton for $14.43 mil ($52/sf) in an off-market transaction. Located at 1627 Army Ct, approximately one mile west of I-5, the multi-tenant industrial build...
| Chico Apartment Portfolio Trades in $51.7 Mil Deal
A portfolio of six apartment properties totaling 410 units in Chico, CA traded hands in a recent $51.7 mil transaction ($126k/unit). The buyer utilized $38.9 mil in Fannie Mae financing to purchase the properties, which are a...
| Barker Pacific Group and WHI Real Estate Partners Team up in Sacramento Office Buy
In a recent Sacramento-area office buy, a joint venture between Barker Pacific Group (BPG) and WHI Real Estate Partners (WHIREP) has acquired Olympus Corporate Center, a Class A asset in Roseville, in a deal valued at $33.85 ...
| Continental Partners Arranges $21 Mil on Two CA Retail Properties
Continental Partners recently secured $21.4 mil in refinancing for a 152.7k sf shopping center in Sacramento and a 149.6k sf retail property in Los Banos. The borrower is a private real estate investor that specializes in acq...
| Sacramento Retail Center Sells for $42 Mil
A subsidiary of NewMark Merrill Companies LLC has purchased Southgate Plaza, a 339.4k sf, grocery-anchored shopping center in Sacramento. The property, located at Florin and Franklin, sold for $42.1 mil ($124/sf).
| Pacific Castle Completes Two Property Acquisitions and One Sale in Deals Totaling About $50 Mil
Pacific Castle recently completed three CA transactions totaling more than $50 mil. The deals consisted of two acquisitions and one disposition.
In one of the acquisitions, Pacific Castle purchased Prune Tree Shopping Center...
| Westcore Properties Invests $6 Mil in Stockton Industrial Property
Westcore Properties has boosted its portfolio with the recent purchase of a 172.5k sf industrial property in Stockton for $6 mil, or $35/sf. The property, located at 4545 Qantas, was sold by Sacramento-based Friedman Family.
| Sacramento Area Biz Campus Trades in $70 Mil Deal
Fulcrum Properties closed on a sizable investment buy in the Sacramento area, paying $70 mil for University Research Park, a 17-building campus totaling 304.9k sf ($230/sf) in Davis. The property was 92% percent leased at the...
| Roseville Office Property Sells in $27 Mil Deal
A joint venture between Barker Pacific Group (BPG) and WHI Real Estate Partners (WHIREP) has acquired Lava Ridge Business Center, a Class A office asset in Roseville, CA. The property, sold by Utah-based PRI, traded for $27.6...
| Latitude Real Estate Investors Closes 220-Unit Sacramento Apartment Buy
In a recent Sacramento multifamily buy, Latitude Real Estate Investors purchased Green Leaf Arbors, a 220-unit, Class B apartment community. The property was sold by Green Leaf Partners.
Located at 2501 Hurley Way, Green Lea...
| Trion Properties Collects Over $25 Mil from Sales of Two Sacramento Area Res Properties
Trion Properties has repositioned and sold two multifamily communities in Sacramento in deals worth a combined $25.5 mil. The two dispositions include Sierra Village, a 185-unit garden-style apartment community, and Regalia C...
| Elk Grove Retail Property Fetches Almost $500/sf
A 7.1k sf retail property in Elk Grove, CA has sold for $3.51 mil, or $494/sf. The property includes a single-tenant freestanding restaurant building that is NNN-leased to Chicago Fire Pizza, one of the Sacramento regionís to...
| Sacramento Area Res Community Trades for $84k/Unit
Sierra Village, a 185-unit, Class B apartment community located in the North Highlands submarket of Sacramento, was purchased for $15.5 mil ($83.8k/unit) by Oracle Properties Development. The asset was sold by Trion Propertie...
| Investor Pays Over $27 Mil for Sacramento-Area Multifamily Complex
Gold Ridge Apartments, a 268-unit, Class B apartment community located in the Rancho Cordova submarket of Sacramento, was acquired for $27.4 mil ($102k/unit) by a private investor in a 1031 exchange. It was sold by Oakmont Pr...