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...
Two Central California multifamily assets sell for $38.5 million
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of two multifamily properties in Fresno, California. The communities are Boulder...
Ledcor Development breaks ground on Phase II of Hercules Bayfront apartment community
Ledcor Development LP announced the groundbreaking of The Grand in Hercules. Set to open Spring 2021, The Grand is adjacent to The Exchange, which broke ground last Fall and has plans to open Spring...
California rent control – round 3 is on
The California Secretary of State’s (CASoS) office announced that the rent control initiative called the Justice for Renters Act has qualified for the November 2024 election ballot. California voters will have their third opportunity...
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 camel that had no hump
This especially irritates Rob Pressman, the principal of Burbank, Calif.-based TGP, Inc. Landscape Architecture, who believes that aesthetics do not have to be discarded for the sake of sustainability.
Multifamily developers employ landscape architects like...
Costa Mesa adds housing through rehabs
As part of a statewide initiative to remediate its housing shortage, the state of California has mandated that the city of Costa Mesa zone for 11,760 new units of housing by 2029. To this...
CEDARst and Quartz Lake Joint Venture Announces $145M San Diego The Hillcrest Multifamily Development,...
A joint venture partnership between Cedar Street Companies, a vertically integrated real estate development platform, and Quartz Lake Capital, a private equity real estate investment manager, completed the acquisition of a land assemblage totaling...
New KTGY-designed mixed-use transit-oriented development with apartments and retail in South San Francisco moves...
International award-winning KTGY Architecture + Planning announced today that the new KTGY-designed mixed-use community at 988 El Camino Real in South San Francisco developed by SummerHill Apartment Communities received unanimous approval by the City...
How COVID is impacting the multifamily business in California
IMN recently put on a webinar discussing the impact of the pandemic on the business of providing multifamily housing in California. The webinar set a very ambitious number of topics to be discussed, especially...
Legacy Partners and AIG joint venture close on Hayward development site
Legacy Partners (Legacy), a privately owned national real estate firm, in a joint venture with American International Group, Inc., announced today the acquisition of a 1.78-acre development site located at 28168 Mission Boulevard in...
Jonathan Rose Companies acquires Piedmont Apartments in Oakland
Jonathan Rose Companies, LLC, a leading investment manager with expertise in green affordable and mixed income acquisition and development, through its Rose Affordable Housing Preservation Fund V (the Fund), has closed on the administrative...
California rent control: one measure advances as another fails
California Senate Bill 466 was withdrawn by its author after failing a floor vote. At the same time, a proposed rent control ballot measure seems to be on its way to qualifying for the...
Universe Holdings acquires 110-unit apartment community in San Diego for $34.45 million
Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the prime San Diego submarket of La Mesa for $34.45 million.
With the acquisition of Serena Vista, located at 5810 Amaya Drive, Universe increases...
Dunleer sells The Cottage Club, a charming and iconic rental community in Highland Park...
Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $3.222 million sale of The Cottage Club, an iconic rental community consisting of eight stand-alone cottages located at 336 N Avenue...
