Pacific region

Pacific region includes: Alaska, California, Hawaii, Oregon and Washington

City Lane Townhomes

Avison Young completes sale of 4.11 acres of land for 60-unit townhome development in...

Avison Young announced it has completed the $9.936 million sale of 4.11 acres of land (2.75 acres buildable) located at 28719 Los Alisos Boulevard in Mission Viejo, CA. The buyer, a prominent national builder...
Silverwood Apartments

Gelt, Inc. buys 164-unit apartment community in Gresham, Oregon for $30 million

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Silverwood Apartments for $30 million. The 164-unit property is located at 4777 SW 11th St.,...
Vanowen Collection

Stepp Commercial completes $3.5 million sale of Vanowen Collection, an 18-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.5 million sale of Vanowen Collection, an 18-unit apartment property located at 12715 to 12719 Vanowen Street in North...
Washington Place

Stepp Commercial completes $6.3 million sale of Washington Place, a 15-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of Washington Place, a 15-unit apartment property located at 401 Washington Avenue in Santa Monica, California. Principal...
The Fort

Sunrise Management adds 84 multifamily units to San Diego portfolio

Following the $45.08 million sale of two high profile urban San Diego mixed-use projects, San Diego-based Sunrise Management has taken over day-to-day management of both communities—Park + Polk and The Fort—both previously owned and...
prop 21 votes

Taking sides on Prop 21

The latest rent control initiative to appear on California’s ballot will be voted on this November. People and groups are now declaring where they stand on Proposition 21. Recapping the basics Prop 21 would allow rent...
Westminster Towers

$28 million Puget Sound area multifamily asset sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Westminster Towers, a 139-unit multifamily complex in Tacoma, Washington. The property...
Avalon Venice on Rose

Westside Los Angeles multifamily asset sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Avalon Venice on Rose, a three-story, 70-unit apartment building with 9,332 square feet of fully leased retail space in...
Orange Grove

Stepp Commercial completes $3,025,000 sale of a value-add, 8-unit apartment property in prime West...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3,025,000 sale of an eight-unit, value-add apartment property located at 1237 N. Orange Grove in the Los Angeles submarket...
Delano Village

Stepp Commercial completes $5.1 million sale of Delano Village, an 18-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.1 million sale of Delano Village, an 18-unit apartment property located at 14161 to 14163 Delano Street in Van...

California taxes on millionaires could spell disaster

Facing a massive coronavirus-induced deficit, the California legislatures are weighing a suite of new taxes on top earners, including a first-of-its-kind wealth tax and the highest top rates in the nation. California is the most...

Once booming San Francisco apartment market goes in reverse

The apartment vacancy rate in San Francisco rose to 6.2 percent in May, according to apartment data firm RealPage. That’s up from 3.9 percent only three months ago, after stay-at-home orders went into effect...
The Marlin

Sunrise Management expands San Diego county presence

Expanding its hometown presence, San Diego-based Sunrise Management, which has specialized in managing multifamily properties since 1978, has added eight San Diego multifamily communities totaling 155 units to its portfolio. According to Sunrise CEO and...
Creekside Apartments

Trion Properties acquires 80-unit apartment community in San Leandro, California

Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has acquired Creekside Apartments, an 80-unit multifamily community in San Leandro, California, for $20.5 million. The transaction is Trion’s...
Steve DeGennaro

Marcus & Millichap appoints Steve Degennaro Chief Financial Officer

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the appointment of Steve DeGennaro as Chief Financial Officer effective August 17, 2020. DeGennaro...
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