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...

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  • CAPREIT Picks Up Florida College Student Housing Project

    CAPREIT acquired Coastal Village, a 200-home, 800-bed student housing community in south Fort Myers. Situated at 19401 Skidmore Way, Coastal Village...
  • Ariel Closes $18M Sale of Gowanus Development Site

    Ariel Property Advisors arranged the sale of a 59,995-buildable-square-foot development site, including 6,000 square feet of air rights, at 224 3rd Ave. in the Gowanus...

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