Multifamily news in Orange County

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.
Market Rate
Kidder Mathews Arranges Sale of OC Community
Waterford Residential bought the property located in Newport Beach, Calif., from a private investor.
Luxury
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.
Market Rate

  • 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

  • Capital One Closes Freddie Mac Loan for SoCal Property

    The $9.5 million loan will be used to refinance Midway Meadows, a 92-unit apartment community in Orange County’s Midway City.

    26 October 2017 12:39

  • CityView Unveils Mural at OC Development

    Located at the upcoming Baker Block apartment community, the mural, by artist and OBEY Clothing Founder Shepard Fairey, covers 8,000 square feet and is the largest of its kind in Orange County. The 240-unit community is scheduled for completion in November.

    09 October 2017 15:10

  • Santa Ana Asset Trades for $20M

    Marcus & Millichap announced the sale of Sherry Lane Garden Homes. The 62-unit apartment traded for $19.8 million.

    05 October 2017 22:22

  • Berkadia Closes Leasehold Sale of OC Community

    Bridge Investment Group sold Coronado Palms, a 168-unit garden-style community in Anaheim, Calif., to Canyon Multifamily Impact Fund.

    02 October 2017 14:55