Pacific region

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

1148 Stanley Avenue

Stepp Commercial completes $2.5 million sale of 8-unit apartment property in Long Beach

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.5 million sale of an eight-unit apartment property located at 1148 Stanley Avenue in the Eastside submarket of Long...
Zen Diamond Valley Senior Living Apartments

Institutional Property Advisors facilitates Inland Empire seniors housing asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Zen Diamond Valley Senior Living Apartments, a 177-unit multifamily property for seniors in Hemet, California. The asset traded for $23.85...
14654 Gault Street

Transwestern brokers sale of two multifamily buildings in 1031 exchange in Los Angeles

Transwestern Real Estate Services (TRS) announces its Los Angeles Multifamily Investment Services Group has brokered the sales of 14654 Gault St., a luxury fourplex in Van Nuys, and 5631 Whitnall Highway, a newly built...
Hidden Village

Multihousing community trades for $30.25 million in Portland area

JLL Capital Markets announced that it has closed the $30.25 million sale of Hidden Village, a 98-unit, garden-style multihousing community in West Linn, Oregon. JLL marketed the property on behalf of the seller, Guardian Real...
The Vue

Tailwind Investment Group and The Roxborough Group acquire value-add multifamily asset in high growth...

Tailwind Investment Group—a Newport Beach-based privately held commercial real estate investment management company focused on value-add and core-plus multifamily investments in the Western U.S.—and The Roxborough Group—a real estate private equity firm based in San Francisco—announced the acquisition of The Vue, a 197-unit multifamily property...
Provi Apartments

Levin Johnston expands northwest reach; negotiates sale of prime multifamily property in Portland, Oregon

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has announced the sale of a two-property multifamily portfolio...
Parkwood Apartments

Pembrook provides $15.35 million first mortgage loan for acquisition and renovation of Parkwood Apartments...

Pembrook Capital Management LLC (Pembrook), one of the nation’s leading bridge lenders for affordable housing, provided a $15.35 million first mortgage loan for the acquisition of Parkwood Apartments, a 90-unit multifamily property located at...
zoning

Upzoning coming to California

California Governor Newsom recently signed a series of bills seeking to address the shortage of housing in the state. The bills. SB-8, SB-9 and SB-10 give local governments additional authority to upzone for higher...
The Oasis Anaheim

Gelt, Inc. acquires The Oasis Anaheim, a 312-unit apartment community, for $146.5 million

Gelt, Inc. is pleased to announce it has acquired The Oasis Anaheim, a 312-unit, transit-oriented apartment property located at 3530 E. La Palma Avenue in the northeast area of Anaheim, Calif. The Los Angeles-based...
The Retreat

Institutional Property Advisors brokers and finances $54.1 million Los Angeles County multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Retreat, a 148-unit multifamily asset in Santa Clarita, California. The property traded at $54.1 million, which represents $365,540 per...
Madison at Town Center

Institutional Property Advisors closes $62 million multifamily asset sale in Santa Clarita Valley

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Madison at Town Center, a 130-unit apartment complex in Valencia, California. The asset traded for $62 million, or $476,923...
BLU Bellevue

Institutional Property Advisors closes luxury multifamily asset sale in suburban Seattle for $109 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of BLU Bellevue, a 135-unit luxury mixed-use multifamily community in downtown Bellevue, Washington. The property traded for $109 million, or $1,004.70...
TownCenter Park

Canadian REIT buys Portland-area multihousing community for $30 million

JLL Capital Markets announced that it has closed the $30 million sale of TownCenter Park, a 111-unit, 1990-built, garden-style multihousing community in Wilsonville, Oregon. JLL marketed the property on behalf of the seller, Curtis Capital...
1085 Molino Avenue

Stepp Commercial completes $4.39 million portfolio sale of two apartment properties in eastside submarket...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.39 million portfolio sale of two apartment properties located in the Eastside submarket of Long Beach, Calif. Principal Robert Stepp...
Broadleaf Apartments

Intercontinental Real Estate Corporation enters Sacramento market partnering with Security Properties on 244-unit multifamily...

Intercontinental Real Estate Corporation (Intercontinental) in joint venture with Security Properties have acquired Broadleaf Apartments, a 244-unit Class B+ garden-style apartment community located in the Pocket neighborhood of Sacramento, Calif. The off-market transaction represents a...
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