Rory Gardner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PALO ALTO, CA - Multifamily owner-operator and investment manager Pacific Urban Investors acquired La Scala, a 354-unit apartment community in the La Jolla / University Town Center (UTC) submarket of San Diego, CA, on July 14, 2023. The property was renamed Veranda La Jolla (the “Property”) and marks Pacific’s 22nd acquisition in the San Diego Market. Veranda is Pacific’s second investment in UTC in recent months, following the company’s purchase of the 400-unit...

PALO ALTO, CA - Multifamily owner-operator and investment manager Pacific Urban Investors acquired The Sierra, a 213-unit full-service apartment building on August 8th, 2023. The property has been renamed Sierra Chelsea to reflect its location in the highly desirable Chelsea neighborhood of Manhattan. This marks Pacific’s 12st acquisition on the East Coast, its first in New York City. Sierra Chelsea is a 14-story building constructed in 2002 located on 15th Street between 6th and 7th...

PALO ALTO, CA - Multifamily owner-operator and investment manager Pacific Urban Investors has acquired The Residences at River’s Edge, a 222-unit apartment community in Medford, MA. The acquisition of Residences at River’s Edge (the “Property”) is the third investment in the Boston metro for Pacific Urban bringing the total Boston MSA portfolio to 746 units. The Residences at River’s Edge is a 2009-constructed, 100% market rate midrise community with 337 garage...

PALO ALTO, CA - Multifamily owner-operator and investment manager Pacific Urban Investors acquired La Jolla International Gardens, a 400-unit apartment community in the La Jolla / University Town Center (UTC) submarket of San Diego, CA. The property was renamed Allina La Jolla and marks Pacific’s 21st acquisition in the San Diego Market. Allina La Jolla is a 100% market rate property built in 1986. La Jolla / UTC is known as a regional employment driver in multiple science and technology...

PALO ALTO, CA - Multifamily owner-operator and investment manager Pacific Urban Investors acquired La Jolla International Gardens, a 400-unit apartment community in the La Jolla / University Town Center (UTC) submarket of San Diego, CA, on April 27, 2023. The property was renamed Allina La Jolla (the “Property”) and marks Pacific’s 21st acquisition in the San Diego Market. Allina La Jolla is a 100% market rate property built in 1986. La Jolla / UTC is known as a regional...