Category Archive for: Uncategorized

200 W. Broadway, Glendale “Eleve” sells for $70,500,000

The Class A apartment building consists of 208 apartments over retial space, just closed on 6/20/2014 for a reported $70,500,000. Equity Residential, a REIT based in Chicago purchased the asset from Blackrock Inc based in New York, in a 60 day escrow. One of Glendale’s premier new developments built in 2013, the Eleve Lofts &…

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The Alexanian Apartment Advisors Activity Report

The Alexanian Apartment Advisors are in full gear maximizing the return for our clients. Listings & Offers: $28,000,000 In Escrow: $7,846,000 Just Closed: $4,775,000 Many owners today realize that there is an influx, a surge, a huge surplus of buyers and capital chasing apartment buildings. Being where intrest have remained in the historicly low levels,…

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1031 tax differed exchanges under debate, possible repeal or modification

For those that aren’t famailiar with the IRS sectioncode 1031, tax differed exchanges are where the seller of an investment property is not charged capital gains tax if they reinvest the cash proceeds into another investmet property with equal or greater value. 1031 Exchanges benefit millions of American investors and businesses every year by encouraging…

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Quick Market Update

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Glendale development boom of 3,800 units set to slow..

With more than 3,800 new residential units in various stages of development, Glendale has surpassed the halfway point of its projected growth with more than 20 years to go, though some city officials expect that pace to slow in the coming years. to read this article from glendale news pres in its entirty, click here..

Map of all current and underway developments in Glendale

Click here to see a map of where the 3,814 apartment units being built in Glendale are located.

Maximizing the Returns for Clients

Listing with a previous agent and being on the market for several months without success, the owners of this 8 unit apartment building in Glendale met with the Alexanian Apartment Advisors. Immediately we knew with just some minor adjustments, that the property would not only sell, but would command a new record price per unit…

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