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405 Nobel Ave. in Santa Ana, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $5.5 Million Sale of Three Properties in Orange County, California

by Channing Hamilton

ORANGE, SANTA ANA AND SAN CLEMENTE, CALIF. — CBRE brokered the sales of three fourplexes in Orange County, California, for a total $5.5 million. Dan Blackwell and Amanda Fielder represented the sellers and procured the buyers in all three transactions. CBRE brokered the sale of 609 S. Cypress St. in Orange for $1.8 million. The buyer was a private investor based in Orange County. The seller was an out-of-state private investor. The property was built in 1966 and offers three two-bedroom units and one three-bedroom unit.  Blackwell and Fielder also represented …

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4737 Kester Ave. in Los Angeles
CaliforniaInvestment SalesNewsWestern

Kidder Mathews Arranges $3.6 Million Sale of Los Angeles Property

by Channing Hamilton

LOS ANGELES — Kidder Matthews brokered the $3.6 million sale of a property at 4737 Kester Ave. in the Los Angeles neighborhood of Sherman Oaks. Michael Monempour and David Saghian represented the seller, a private investor. The property offers eight units across a 8,600-square-foot site. The community was built in 2014. According to Apartments.com, 4737 Kester Ave. rises three stories and is elevator-serviced. Units come in one-, two- and three-bedroom floor plans.

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Court Court Apartments in Concord, California
Affordable HousingCaliforniaInvestment SalesNewsWestern

Eden Housing Purchases Two Communities in Concord, California for $37.3 Million

by Channing Hamilton

CONCORD, CALIF. — Eden Housing acquired a two-property portfolio in Concord for $37.3 million. Located at 1770 Adelaide St., Sunset Pines is a 69-unit community with amenities such as a pool and a clubhouse. Coral Court Apartments is located at 1491 Detroit Ave. and offers 47 units, as well as a fitness center. Keith Manson, Zachary Greenwood and Mac Watson of CBRE represented the undisclosed seller in a Naturally Occurring Affordable Housing transaction. Eden Housing will convert the portfolio into affordable housing. Eden Housing used $6 million in equity from the City of Concord …

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CaliforniaNewsOperationsPeople NewsWestern

EAH Housing Hires Two New Vice Presidents

by Channing Hamilton

SAN RAFAEL, CALIF. — EAH Housing has added Katherine Fleming as Senior Vice President of Portfolio and Karim Sultan as Vice President of Operations and Corporate Governance to its executive leadership team. Fleming will oversee EAH Housing’s asset management and compliance departments, as well as manage the firm’s portfolio. Prior to joining EAH Housing, she served as an asset management executive at BRIDGE Housing, RBC Capital Markets and Resources for Community Development. Sultan previously served as chief operating officer at East Bay Asian Local Development Corporation, where he was responsible …

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CaliforniaCompany NewsNewsPeople NewsWestern

BH Properties Selects William Stoll to Lead $1 Billion Affordable Housing Investment Initiative

by Channing Hamilton

LOS ANGELES — BH Properties has begun an investment initiation into affordable housing with the goal of building a $1 billion portfolio of assets. The new platform will focus on low-income housing tax credit, Section 8 and age-restricted housing throughout the United States. The initiative will be led by William Stoll, who BH Properties hired as a managing director. Prior to joining BH Properties, Stoll worked at Steadfast Companies for 14 years. He joined the firm in 2009 as the manager of a Southern California portfolio of 10 LIHTC properties …

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13931-13951 Illinois St. in Westminster, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $6 Million Sale of Community in Westminster, California

by Channing Hamilton

WESTMINSTER, CALIF. — CBRE brokered the sale of a 17-unit garden-style community in Westminster for $6 million. Dan Blackwell and Andrew Boukather represented the seller and the Orange County, California-based buyers in the transaction. The property is located at 13931-13951 Illinois St. and was constructed in 1963. All units feature two-bedroom layouts. Amenities include private patios, open space parking and an on-site laundry facility. Eighty percent of units were recently renovated with new windows, sliding doors, smoothed ceilings, laundry hookups in select units, new lights, fresh interior paint, ceramic tile flooring and refinished …

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129 S. Olive St. in Anaheim, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $5.9 Million Sale of Townhome Community in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — CBRE arranged the sale of a 14-unit community located at 129 S. Olive St. in Anaheim. The property sold to a private investor for $5.9 million. The community was built in 1986 on approximately 15,500 square feet and offers two-bedroom townhome-style floor plans. The property was recently renovated with new paint and replacement of the exterior wood. Dan Blackwell represented the buyer and seller, which was also not disclosed, in this transaction.

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Appletree in Campbell, California
CaliforniaInvestment SalesNewsWestern

JLL Arranges $70 Million Sale of Silicon Valley Portfolio

by Channing Hamilton

CAMPBELL AND SANTA CLARA, CALIF. — JLL Capital Markets has arranged the sale of three garden-style communities in Silicon Valley. The properties sold for approximately $70 million. Ryan Wagner, Brandon Geraldo and Matt Kroger led the team that represented the private seller and procured three separate buyers. The portfolio includes: Appletree, a 72-unit community in Campbell; Vista Point, a 68-unit property in Santa Clara and Cedartree, a 50-unit asset that is also located in Santa Clara. All properties offer one- and two-bedroom floor plans.

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1887 Monrovia Ave. in Costa Mesa
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $12.1 Million Sale of Two Communities in Orange County, California

by Channing Hamilton

COSTA MESA AND ANAHEIM, CALIF. — CBRE has arranged the sale of two communities totaling 38 units and $12.1 million in Orange County, California. The communities traded hands in a 1031 exchange. All parties involved in both transactions were private investors based in southern California. Dan Blackwell, Mike O’Neill and Andrew Boukather represented both the buyer and seller of 18 units at 1800 W. Glencrest Ave. in Anaheim for $4.8 million. The property was built in 1962 and comprises a pair of two-story buildings. The buildings recently underwent renovations including new flooring, appliances, updated …

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Courtyard Apartments at La Pat Place
CaliforniaDevelopmentFinanceNewsWestern

CBRE Brokers $10 Million Sale of Courtyard Apartments at La Pat Place in Westminster, California

by Channing Hamilton

WESTMINSTER, CALIF. — CBRE arranged the sale of Courtyard Apartments at La Pat Place, a 30-unit community in Westminster. The asset was sold to a private investor for $10 million. Dan Blackwell and Andrew Boukather represented the buyer and seller in this transaction. The buyer and seller were not disclosed. Courtyard Apartments at La Pat Place was built in 1963 and offers a mix of studio, one-, two- and three-bedroom floor plans. All 30 units were remodeled as part of the $1 million in renovations completed by the seller.

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