Multifamily news in Orange County
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Demand Eclipses Rising Supply in Orange County
Steady job gains and a high barrier to homeownership maintain a strong multifamily demand in the area, giving landlords the pricing power.
01 May 2018 15:15 -
Marcus & Millichap Arranges 4-Property Portfolio Sale
The Orange County portfolio, which includes a total of 214 units in Santa Ana, traded to an affiliate of Empire USA for $42.5 million.
20 March 2018 15:54 -
Kidder Mathews Arranges Sale of OC Community
Waterford Residential bought the property located in Newport Beach, Calif., from a private investor.
15 March 2018 19:41 -
OC Community Commands $417K Per Unit
Avison Young represented the new owner, Cameron Properties, in the $9.2 million deal; the seller, Brandywine Properties, was represented by CBRE.
02 March 2018 17:21 -
TMG Brokers Sale of OC Community
The Landing, a 52-unit community in Newport Beach, Calif. changed hands for $18.5 million or $355,769 per unit. The Mogharebi Group worked on behalf of both parties.
23 February 2018 14:48 -
IPA Secures $24M Refi for OC Community
The company arranged the refinancing for Castlewood Park, a 184-unit property in Buena Park, Calif. The debt placement was locked at below-market-rate interest.
09 February 2018 15:08 -
CDP Opens First Permanent Supportive Housing in CA
The firm led an $18 million renovation of an old hotel into The Orchard, which offers 72 units that will house chronically homeless individuals and small families in Santa Ana.
31 January 2018 16:29 -
Integrity Housing Welcomes Ruby Dhillon as VP
The development expert will spearhead the company’s efforts to source and evaluate new investment opportunities. Prior to joining Integrity, Dhillon served at Newport Partners.
31 January 2018 14:04 -
IEC Buys OC Community for $134M
The acquisition of the 400-unit, value-add multifamily community was on behalf of IEC Institutional Fund III LP, a fully discretionary, $200 million commingled fund.
09 January 2018 14:29 -
Avanath Closes $388M Investment Funds
Avanath Affordable Housing III and Avanath III NY Co-Investment are two of the largest funds in the U.S. dedicated to affordable housing.
03 January 2018 15:51 -
Landlords Hold Pricing Power in Orange County
Demand for apartments continues to be strong in the area, where high construction costs and surging land values maintain the housing market as one of the most expensive in the country.
27 December 2017 14:23 -
RED Mortgage Welcomes New President
Trent Brooksbrings more than three decades of executive leadership experience in the multifamily industry.
18 December 2017 06:46 -
$9M Affordable Conversion Breaks Ground in FL
The $8.8 million renovation of the Wayne Densch Center located in Orlando will transform 64 units of transitional housing to 77 high-quality apartments.
15 December 2017 16:29 -
Age-Restricted Community Sells for $35M
Marcus & Millichap represented the seller and procured the buyer in the sale of a 115-unit community in Rancho Santa Margarita, Calif.
08 December 2017 16:48 -
2 Affordable Communities Debut in Irvine
FivePoint Holdings, Related California and its partners recently debuted Luminaira and Espaira, two communities totaling 166 units for low-income families.
31 October 2017 02:13