Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.
TDT Disposes of Hayward Asset, Doubles Original Investment
The seller invested roughly $1 million in improvements at the 68-unit community.
JRK Expands Portfolio with 11-Acre Community Buy
Trillian Heights will go through an upgrade program centered on unit interiors.
Federal Capital Partners Closes Third Investment Fund
FCP Realty Fund III is expected to accommodate approximately $1.7 billion.
JPI, Grand China Fund Team Up for $255M JV
Anaheim’s Platinum Triangle district will be the site of a 747-unit luxury community.
Dekel Provides Equity for Senior Facility in Ventura County
The Dekel Strategic Investors platform has now provided more than $100 million in equity since its inception in 2014.
George Smith Partners Secures Loan for New Mid-Market Project
The Financial District condominium project will cater to entry-level buyers.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…
The Richman Group Breaks Ground on New Downtown Residential Project
The city’s I.D.E.A. District is set to welcome a new upscale apartment development.
IPA Arranges Sale of Inland Empire Multifamily Asset
The high-occupancy, garden-style apartment community was sold for a per-unit price of $147,000.
Santa Ana Asset Acquired Following Successful Lien Removal
The acquisition hinged upon the successful removal of the lien.