West
Oxford Properties Buys Seattle Apartment Building for $320Mln
Multi-Housing News Oxford Properties Group has bought the 461-unit Kiara Apartments in Seattle for $320 million, or $694,143/unit. The Toronto real estate investment company bought the 41-story property, at 970 Denny Way, from a venture of Holland Partner Group and...
CBRE Global Buys San Francisco Office Building for $140Mln
Commercial Property Executive CBRE Global Investors has bought 123 Townsend St., a 137,625-square-foot office building in San Francisco, for $140 million, or $1,017.26/sf. The Los Angeles investment company purchased the six-story building from Manchester Capital Management, which had acquired it in...
Los Angeles-Area Apartments Sold for $14.7Mln
Multi-Housing News The 62-unit Coral Reef Apartments in San Gabriel, Calif., has been sold to a private investor for $14.7 million, or $237,096/unit. CBRE brokered the deal on behalf of the buyer and the undisclosed seller. The property, which sits...
Greystar Buys 480-Unit Apartment Property Near Denver for $119Mln
Colorado Real Estate Journal Greystar Real Estate Partners has bought the 480-unit Champions Park Apartments in Thornton, Colo., for $119 million, or $247,917/unit. The Charleston, S.C., investment company purchased the complex, at 2525 East 104th Ave., from Eaton Vance Real...
Phoenix Apartment Property with 302 Units Trades for $42Mln
Phoenix Business Journal Pennybacker Capital has paid $42 million, or about $139,073/unit, for The Osborn, a 302-unit apartment complex in Phoenix. The Austin, Texas, private equity firm bought the property, which consists of 31 two-story buildings, from Bean Investment Real...
Omninet Buys Los Angeles Apartments for $32.4Mln
Rentv.com Omninet Capital has bought the 72-unit Maya Apartments in Los Angeles for $32.4 million, or $450,000/unit. The Beverly Hills, Calif., real estate investment company purchased the seven-story building, at 535 South Kingsley Drive, from Jamison Properties, which had developed...
Seattle Apartment Property with 185 Units Sold for $66.5Mln
Multi-Housing News A venture of RISE Properties Trust and Westbrook Partners has bought the 185-unit Alto Apartments in Seattle for $66.5 million, or $359,459/unit. The venture purchased the 17-story building, at 311 Cedar St., from Hartz Mountain Industries, which had...
PGIM Lends $195Mln Against 2 Hotels in California, Washington, D.C.
Commercial Real Estate Direct Staff Report PGIM Real Estate Finance has provided $195 million of financing against the Hilton La Jolla Torrey Pines hotel in La Jolla, Calif., and the Capital Hilton in Washington, D.C. The interest-only mortgage pays a...
120-Unit Apartment Property in Riverside, Calif., Sold for $25.85Mln
Rentv.com Advanced Real Estate Services Inc. has bought the 120-unit Sierra Pines Apartments in Riverside, Calif., for $25.85 million, or $215,416/unit. The seller was not identified. Berkadia brokered the deal. The buyer, an Irvine, Calif., real estate investment company, plans...
CBRE Buys San Jose, Calif., Office Complex for $174Mln
Rentv.com CBRE Global Investors has bought 237@First, a 369,000-square-foot office campus in San Jose, Calif., for $174 million, or $471.54/sf. The Los Angeles real estate investment company purchased the two-building property, at 4353 and 4453 North First St., from a venture...
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