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Serena Vista Apartments in Fountain Valley, California
CaliforniaFinanceNewsWestern

Northmarq Provides $60 Million Refinancing for Two Properties in Orange County, California

by Channing Hamilton

FOUNTAIN VALLEY AND SANTA ANA, CALIF. — Northmarq has provided $60 million in loans to facilitate the refinancing of two communities in Orange County. Northmarq provided $40 million for the refinancing of Serena Vista Apartments, which was built in Fountain Valley in 1970. The company also provided $20 million for Villa del Sur in Santa Ana, which was constructed in 1969. The two properties total 284 units in one- and two-bedroom floor plans. Alex Kane, Joe Giordani, Brendan Golding and Alvin Cao of Northmarq’s Debt + Equity team in Newport Beach …

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The Clarendon Apartments in Los Angeles
CaliforniaFinanceNewsWestern

Gortikov Capital Arranges $101 Million Refinancing for The Clarendon in Los Angeles

by Channing Hamilton

LOS ANGELES — Santa Monica-based Gortikov Capital has negotiated a $101 million loan for the refinancing of The Clarendon, a 335-unit property in the Woodland Hills neighborhood of Los Angeles. Bryan Gortikov of Gortikov Capital led the capital markets team that secured the two-year, floating-rate senior bridge loan through a U.S.-based debt fund. The borrower was AMCAL Housing, a developer headquartered in Agoura Hills, California. The Clarendon was built in 2020. The community offers studio, one-, two-, three-bedroom floor plans. Apartments feature in-unit washers/dryers, Nest-controlled central cooling and heating, keyless entry …

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AVA North Hollywood in Los Angeles
CaliforniaInvestment SalesNewsWestern

Institutional Property Advisors Brokers $62 Million Sale of AVA North Hollywood in Los Angeles

by Channing Hamilton

LOS ANGELES — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of AVA North Hollywood, a 156-unit community in the NoHo Arts District of Los Angeles. Prime Residential acquired the property from AvalonBay Communities Inc. for $62.1 million. Kevin Green, Joseph Grabiec and Gregory Harris of IPA represented the seller and procured the buyer in the deal. AVA North Hollywood was constructed in 2015. Amenities include a pool and spa, clubroom, sky deck, leasing office, movement studio, cybercafé and business center. The property also …

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Flats Arts District in Las Vegas
CaliforniaDevelopmentNewsWestern

CEDARst Cos., Bridge Investment Group Break Ground on $112 Million Flats Arts District in Las Vegas

by Channing Hamilton

LAS VEGAS — A joint venture consisting of CEDARst Cos. and Bridge Investment Group has broken ground on Flats Arts District, a $112 million project located at 123 W. Imperial Ave in Las Vegas. The development will comprise 311 apartments across 2.2 acres. Units will come in studio, one-, two- and three-bedroom layouts. Construction is expected to take about 24 months, with the first units slated to deliver around mid-year 2026. Flats Arts District will offer community amenities such as a fitness center, spa facilities with water circuitry and saunas, …

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330 S. Home Street in Oceanside, California
CaliforniaFinanceNewsWestern

JLL Capital Markets Arranges $5.1 Million Refinancing for 21-Unit Property in Oceanside, California

by Channing Hamilton

OCEANSIDE, CALIF. — JLL Capital Markets has arranged a $5.1 million refinancing for 330 S. Home Street, a 21-unit community in Oceanside, approximately 40 miles north of San Diego. The borrower was a joint venture between Westview Real Estate and Pace Properties. JLL worked on behalf of the borrower to secure the three-year, fixed-rate loan through a regional bank. Chris Collins and Emily Pohlman led the JLL Capital Markets Debt Advisory team. The property consists of 17 apartments that were built in 1970 and renovated in 2023, as well as four newly constructed accessory …

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2326 Greenbrier Drive in Oceanside, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $8.6 Million Sale of 25-Unit Property in Oceanside, California

by Channing Hamilton

OCEANSIDE, CALIF. — CBRE has arranged the sale of a 25-unit community located at 2326 Greenbrier Drive in Oceanside, approximately 40 miles north of San Diego. The asset traded hands for $8.6 million in a 1031 exchange. Dan Blackwell, Mike O’Neill and Amanda Fielder of CBRE represented the buyer, a repeat client based in San Diego County, in the transaction. The seller was based in South Orange County. The five-building complex totals 19,278 square feet on a 1.2-acre lot. The property was built in 1980 and remodeled in 2019. The …

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306 Cazador Lane in San Clemente, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers Sale of Two Properties in San Clemente, California, for $5.5 Million

by Channing Hamilton

SAN CLEMENTE, CALIF. — CBRE has brokered the sale of two properties in San Clemente for a combined sale price of $5.5 million. Dan Blackwell, Mike O’Neill and Amanda Fielder of CBRE represented the San Diego county-based seller and both buyers in the transactions.  In the first deal, a private buyer from San Clemente acquired a six-unit property located at 306 Cazador Lane. Constructed in 1951, the 3,535-square-foot building offers one-bedroom units with private back patio areas. Four units were recently remodeled with new kitchens, bathrooms, flooring and decorative paint. …

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Bell Murrieta Springs in Murrieta, California
CaliforniaInvestment SalesNewsWestern

Bell Partners Acquires Silverado Apartment Homes in Murrieta, California, for $146.5 Million

by Channing Hamilton

MURRIETA, CALIF. — Bell Partners has acquired Silverado Apartment Homes in Murrieta, 65 miles north of San Diego, on behalf of the company’s Value Add Fund VII investors. Realty Center Management sold the asset to Bell Partners for $146.5 million. The new owner plans to rebrand the community as Bell Murrieta Springs. Bell Murrieta Springs was constructed in 2007. The property offers 492 one-, two- and three-bedroom apartments with average unit size of 948 square feet. Amenities include a green belt with a walking trail surrounding the entire property, two …

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CaliforniaInvestment SalesNewsWestern

CBRE Arranges $5.8 Sale of 12-Unit Property in Costa Mesa, California

by Channing Hamilton

COSTA MESA, CALIF. — CBRE has brokered the sale of a 12-unit multifamily property at 1993 Church Street in the Eastside neighborhood of Costa Mesa. The property also features two approved Accessory Dwelling Units. The community traded hands for $5.8 million. The buyer and seller were not disclosed.

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CaliforniaInvestment SalesNewsWestern

CBRE Brokers $2 Million Sale of Four-Unit Property in Costa Mesa, California

by Channing Hamilton

COSTA MESA, CALIF. — CBRE has negotiated the sale of a property located at 122 Magnolia Street in the Eastside neighborhood of Costa Mesa. Dan Blackwell and Mike O’Neill brokered the deal. The non-exchange buyer was based in Orange County, while the seller was a private investor headquartered in Newport Beach, California. Built in 1961 on a 4,028-square-foot lot, the property comprises four one-bedroom units. Each apartment is separately metered for gas and electricity and comes with one designated parking space. The community also features a laundry area with coin-operated …

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