Universe Holdings acquires second multifamily property in Ventura, California for $14.55 million
Universe Holdings has acquired Woodland Manor, a multifamily community in Ventura, Calif., in an off-market transaction for $14.55 million. Built in 1969, the property offers 38 two-bedroom, two-bath apartments in a central location in...
Institutional Property Advisors completes Eastside Seattle luxury apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bentley House, a condo-quality apartment property in Issaquah, Washington. “Seattle’s Eastside is experiencing the largest job growth in the region with...
The Mogharebi Group brokers a 153-unit multifamily community in Long Beach, California
The Mogharebi Group (TMG) representing a Los Angeles based seller, brokered a $47.05 million sale of Fountain View Apartment Homes, a 153-unit community in the Los Angeles County city of Long Beach, California. Built in...
Avanath expands leadership team and promotes youngest partner in firm’s history
Avanath Capital Management LLC, a multifamily owner and operator that focuses on affordable and workforce housing, announces a series of promotions and a new executive hire to its leadership team as the firm grows...
Student housing suffers supply/demand pressures
U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...
$12.6 million in construction financing secured for San Diego multihousing project
JLL Capital Markets announced that it secured $12.6 million in construction financing for a multihousing development located in the Golden Hill neighborhood in San Diego, California. JLL worked on behalf of the borrower, Darnell Capital...
Permanent financing secured for San Diego Class A apartments
JLL Capital Markets announced that it has arranged $33 million in permanent financing for the Cielo Apartments, a 70-unit, Class A, mid-rise multihousing property located in the Little Italy neighborhood of San Diego, California. JLL...
Levin Johnston completes $31.5 million sale of 102-unit multifamily community in Concord, California
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, announces its most recent multifamily transaction: the $31.5 million...
$43.5 million in construction financing secured for 190-unit multihousing community in San Diego
JLL Capital Markets has arranged $43.5 million in construction financing for the development of 4135 Park Blvd., a 190-unit, mid-rise, mixed-use multihousing project located on the border of the North Park and Hillcrest submarkets...
Avison Young brokers $8 million sale of a 24-unit, rent control apartment property in...
Avison Young announced it has brokered the $8 million sale of a 24-unit rent control apartment property located at 1820 El Cerrito Place in Los Angeles. Avison Young’s Peter Sherman, John Tronson and Steven Tronson...
Orange County gets big, new addition
In November 2018, the Samueli Family, owners of the Anaheim Ducks purchased 10 acres of city-owned parking lots adjacent to Honda Center and finalized an agreement with the City of Anaheim, committing the Ducks...
Marcus & Millichap completes $39 million Bay Area apartment sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Huntwood Terrace Apartments, a 104-unit institutional-quality multifamily property located at 29200...
Multihousing development near Seattle secures $15 million subordinate loan from The Amazon Housing Equity...
JLL Capital Markets announced that it has arranged the $15 million subordinate loan from The Amazon Housing Equity Fund for the acquisition of 192 Shoreline, an affordable, 250-unit, mid-rise multihousing development in the suburban...
The Mogharebi Group brokers the $12.2 million sale of a 24-unit multifamily community in...
The Mogharebi Group (TMG) representing the seller has arranged the $12.2 million sale of The Wilson Townhomes, a 24-unit development in the Orange County community of Costa Mesa, Calif. The buyer of the fully...
$13.1 million in refinancing secured for San Diego multihousing project
JLL Capital Markets announced that it has arranged $13.1 million in the permanent refinance of Blend-SD, a 54-unit, urban-coastal multihousing community located in the Linda Vista neighborhood of San Diego, California. JLL represented the borrower,...