Gelt Purchases Westhills Apartments in Lakewood for $66M
November 30, 2016 • RE Business OnlineGelt has purchased the 400-unit Westhills apartments in Lakewood for $66 million. The community is located at 453 Van Gordon St.
Colliers Arranges $24 Million Sale of 401-Bed Community Near the University of South Florida
November 28, 2016 • Student Housing BusinessColliers International has arranged the $24 million sale of University Lake Apartments, a 401-bed community located near the University of South Florida campus in Tampa.
Residential Community Doubles in Value in Three Years
November 18, 2016 • Multi-Housing NewsHFF recently announced the successful marketing and sale of a Lake Oswego residential community.
Milpitas apartments trade for $336,000 per unit
August 25, 2016 • Biz JournalsInterstate Equities Corp. has a new asset in its portfolio: A 137-unit apartment complex in Milpitas. The fund manager just paid $46 million, or about $336,000 per door, for the project, formerly called Meritage Apartments. IEC’s new name is “555 Apartments,” which is a reference to the address at 555 S. Park Victoria Drive.
CBRE Completes 23 Million Dollar Sale of Atlanta Apartment Community
July 14, 2016 • CBRECBRE has finalized the sale of Lakeside Village apartment community in Atlanta, Ga. CBRE’s Shea Campbell and Kevin Geiger of the Southeast Multifamily Group led the sale on behalf of Arenda Capital Management LLC, a private investment firm based on Los Angeles, Calif.
$74 Million Sacramento County Multifamily Sale Closed by Marcus & Millichap’s IPA Division
July 9, 2016 • Business WireMarcus & Millichap (NYSE:MMI) today announced its Institutional Property Advisors (IPA) division has arranged the sale of Montage Apartments, a 636-unit garden-style multifamily community located in Citrus Heights, California. The $74 million sales price equates to more than $116,000 per unit.
Former SRO Apartments to See New Life as Market-Rate Studios
June 28, 2016 • Arbor Loan ExpressHotel Metro, located at 434-435 13th St. in the submarket of East Village, has sold for a total consideration of $6.1 million. The seller was San Diego Housing Commission (SDHC), a public housing agency that creates and preserves affordable housing in San Diego. The buyer was Fowler Property Acquisitions LLC, based in Newport Beach, Calif.
Suburban L.A. Apartments Sell for $45.5Mln
June 25, 2016 • CRE NewsGelt Inc. has paid $45.5 million, or $196,121/unit, for the 232-unit Monterra Ridge apartments in Santa Clarita, Calif., about 35 miles northwest of Los Angeles. The seller was FPA Multifamily of San Francisco. Marcus & Millichap brokered the transaction.
464-Unit Atlanta Community Trades for $69M
June 24, 2016 • Multi-Housing NewsToronto-headquartered Sutter Hill Acquisition Corp. has bought the District at Vinings in Atlanta’s Buckhead submarket.
Peachtree Corners Apartment Community Trades Hands
June 22, 2016 • CBRECBRE’s Capital Markets team announced the sale of The Domain at Holcomb Bridge, a 420-unit apartment community in Peachtree Corners, Ga. CBRE’s Shea Campbell and Kevin Geiger of the Southeast Multifamily Group exclusively represented the seller, FPA Multifamily.