West
Davlyn Acquires Luxury CA Community for $24M
Colony is an 88-unit, Class A apartment property in Simi Valley, Calif. The company plans to rebrand and renovate the building, as well as enhance staffing and marketing.
JV Invests $148M in 2 Luxury AZ Assets
Bascom Arizona Ventures and Pacific Life Insurance Co. acquired Legend at Kierland and Tradition at Kierland, totaling 724 units. Quadrant Real Estate Advisors provided debt financing arranged by CBRE.
Capital One Closes $17M Student Housing Refi
The 341-bed International Village serves students at the University of California Riverside and has an occupancy rate of 93 percent.
TSB Realty Closes Sale of Student Housing in Sacramento
Built in 2003 and renovated in 2016, The Element includes 288 units and 792 beds. The property is located near California State University Sacramento.
In Case You Missed It: MHN’s Top 5 Posts in October
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
New Luxury Community Opens in Tarzana, CA
The 57-unit luxury Residences at Village Walk, developed by Sinanian Development, is now open. Moss & Co. will manage the property located at Yolande Avenue.
IPA Arranges $57M Sale of Luxury CA Community
A private investor based in China acquired Luxe, a 131-unit community in Pasadena, Calif. IPA represented the seller, Amcal Equities, and procured the buyer.
San Jose Community Sells for $36M
Marcus & Millichap represented the seller in the transaction and procured the buyer. The 109-unit asset features 12,000-square-foot commercial space, as well.
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.
Weidner Acquires Seattle Community for $225M
Continental Properties sold the 313-unit Tower12 for $719,000 per apartment, a multifamily sales record for the area.