Levin Johnston completes sale of 24-unit multifamily community in one of San Jose’s most...
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 sale of...
Kidder Mathews Sells 60-Unit Uptown Queen Anne Apartments for $19.9M
Uptown Queen Anne Apartments, a mid-rise apartment building with 60 units and two commercial spaces located at 315 1st Avenue W. in Seattle, has sold for $19,900,000.
Jerrid Anderson and Winslow Lee of the Simon...
Cushman & Wakefield Advises $7.285M Seller-Financed Acquisition of 32-Unit Apartment Community Stratford Square Near...
Cushman & Wakefield announced the firm has brokered the sale of the Stratford Square Apartments in Burien, Washington, a suburban city about 10 minutes south of Seattle. A Local Family Operator acquired the property...
Institutional Property Advisors negotiates $80.75 million apartment complex sale in Portland Oregon
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sunset Summit, a 261-unit multifamily property in the West Hills neighborhood of Portland, Oregon. The property sold for $80.75 million,...
C2E Irvine by Intracorp gears up to debut in April
Ideally located in the heart of Orange County, C2E Irvine by Intracorp is gearing up to debut its contemporary 3-story townhomes this April. An opening event, to be announced, will invite the public to...
Brice W. Head rejoins Marcus & Millichap as senior vice president investments
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that Brice W. Head has rejoined the firm as a senior vice president investments...
CedarSt Companies Announces Grand Opening of The Nash Apartments in San Diego
Chicago-based developer CedarSt Companies has taken the next step in its West Coast expansion with the opening of its first Southern California property — The Nash, a 190-unit, seven-story mixed-use development in San Diego’s...
Two CCHS-Approved Development-Ready Sites Trade in Deals Totaling $3.3M in San Diego
The permit-ready development site and development plan qualify for San Diego’s Complete Communities Housing Solutions (CCHS) program, an affordable housing incentive program allowing more dense housing projects near high-frequency transit. Joe Brady of Urban...
Luxury multihousing community in Portland sold
JLL Capital Markets announced that it has closed the sale of Parallax, a 66-unit, Class A, luxury multihousing community in the Boise-Eliot neighborhood of Portland, Oregon.
JLL marketed the property on behalf of local sellers,...
Bain Capital Real Estate and Cherry Tree Capital Partners Form Joint Venture ‘BCT Development’...
Bain Capital Real Estate and Cherry Tree Capital Partners announced the formation of BCT Development, a strategic joint venture focused on the ground-up development of premier rental townhome communities throughout Southern California. The joint...
Multifamily green retrofit case study
First, an energy and water consumption assessment was commisioned. Simcoe Consulting was designated.
The County of San Diego had just raised the drought warning to a level two for the City of San Diego, and...
More rent control in California will make the housing problem worse
Rent control is a terrible idea that just won’t die. The latest example is a new bill working its way through the California legislature that would cap annual rent increases at 5 percent for...
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...
JLL arranges $30 million construction loan for Seattle multihousing project
JLL Capital Markets announced that it has arranged $30 million for the development of Roystone, a 93-unit, boutique multihousing project with ground-floor retail in Seattle’s desirable Lower Queen Anne neighborhood.
JLL worked on behalf of...
Raintree Partners acquires portfolio of five Southern California multifamily properties totaling 551 units for...
Raintree Partners, an Orange County, California-based private commercial real estate investment company, has acquired a portfolio of five multifamily communities in Southern California, totaling 551 units, from a private seller for $142 million.
The properties...
