Transaction of the Week

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  • Foreign Investor Makes First Multifamily Buy, Pays $17 Million for The Willow Townhomes

    An Asian industrial real estate investor closed on the 39-unit, high-end Willow Townhomes in Ontario, CA. The buyer shook hands with the property’s seller and developer, 221 N. Mountain Ave. Holding LLC, on the $17.4 million transaction. The price-per-unit was the highest recorded in the city of Ontario. CBRE’s Eric Chen, Blake Torgerson and Kevin Sin represented the seller. The financing consisted of cash and a new first loan through East West Bank. Torgerson told ApartmentBuildings.com that the buyer already...

News

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  • Value-Add Palmdale Apartments Trade for First Time in Three Decades

    Northmarq’s Los Angeles Multifamily Investment Sales team of Steven Goldstein, Jeff Benson and Sam Neumark brokered the sale of Chaparral Apartments in Palmdale for $71 million. Northmarq represented the...
  • JLL Secures $55M for Luxury Townhomes in Deerfield

    JLL has arranged a $45.7 million construction financing and a $9.9 million mezzanine financing for Park5 Luxury Rental Townhomes, a 144-unit...

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