Tuesday, January 21, 2020

Pacific region

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

nVe at Fairfax

Luxury West Hollywood apartment building sold by Institutional Property Advisors for $36 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of nVe at Fairfax, a luxury boutique multifamily building in Los Angeles. The asset sold for $36 million, which equates to...
Guardian Arms Apartments

Institutional Property Advisors sells $26.2 million multifamily asset on Hollywood Boulevard in Los Angeles

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Guardian Arms Apartments, a 101-unit multifamily asset with 9,207 square feet of ground-floor retail between the Hollywood and Los...
Rockvale Apartments

Avison Young completes $7.5 million sale of 34-unit apartment property in Azusa, CA

Avison Young announced today the $7.5 million sale of Rockvale Apartments, a 34-unit, multifamily property located at 333 N. Rockvale Avenue in Azusa, CA (Los Angeles county). Avison Young’s Peter Hauser, Matt Hauser and Masa...
The Pearl on Wilshire

Institutional Property Advisors closes luxury mixed-use asset sale in LA’s Koreatown

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Pearl on Wilshire, a seven-story, 346-unit multifamily property with 7,813 square feet of retail on Wilshire Boulevard in Los Angeles’ Koreatown neighborhood. The complex sold for $170,875,000, which represents $493,858 per apartment unit. “Over the...

California REALTORS urge legislature to act swiftly on SB 50 before January 31 deadline

The California Association of Realtors (CAR) issued the following statement on Sen. Scott Wiener’s Senate Bill 50, which would help address the state’s urgent housing shortage and affordability crisis: “The California Association of Realtors’ 200,000 real estate professionals...
Monterra Ridge Apartments

$62.5 million Santa Clarita Valley of Los Angeles multifamily asset sold by Institutional Property...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Monterra Ridge Apartments, a 232-unit apartment property in the Santa Clarita Valley city of Canyon Country, California. The asset...
Park Plaza

Levin Johnston completes $23 million sale of multifamily community in Bay Area submarket of...

Levin Johnston of Marcus & Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully represented the buyer and the seller, both...
East Highland Apartments

East Highland apartments in Seattle’s Capitol Hill Neighborhood trades for $5.6 million

Seattle multifamily investment team, led by Dylan Simon and Jerrid Anderson of Kidder Mathews, closed the sale of the East Highland Apartments on Friday, December 20, 2019. The property, located in the vibrant north...
Waterscape Apartments

JLL secures $34.5 million loan for new multihousing investment platform

JLL announced today that it has secured $34.5 million in financing for Waterscape Apartments, a 180-unit, garden-style apartment community in Fairfield, California. JLL worked on behalf of a joint venture between Glencrest Group and Angelo,...
The Pearl on Wilshire

Cityview sells equity share of Koreatown’s “The Pearl on Wilshire” to a group led...

Cityview, a premier urban multifamily investment management and development firm, today announced the sale of its equity share of The Pearl on Wilshire—a luxury mixed-use development in Los Angeles’ Koreatown. Cityview developed the 346-unit...
Baker Block Exterior

Cityview sells Costa Mesa multifamily property for record-setting price

Cityview, a premier investment management and development firm dedicated to redefining urban living, today announced the sale of Baker Block, a 240-unit multifamily property in Costa Mesa. The apartment community, which completed ground-up construction...
Tivalli Apartments

MG Properties Group acquires two multifamily communities in the Pacific Northwest for more than...

MG Properties Group, a private San Diego-based real estate investor and operator, has acquired two multifamily communities; the Pallas Apartments in Beaverton, OR and the Tivalli Apartments in Lynnwood, WA for a combined total...
The Gilbert

Seattle mixed-use asset sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Gilbert, a 54-unit apartment community with approximately 10,577 square feet of fully leased retail in Seattle’s Upper Queen...
Summit Apartments

Institutional Property Advisors brokers suburban Seattle multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Summit Apartments, a 96-unit multifamily asset in Redmond, Washington. “The Summit is an excellent value-add opportunity located in one...
The Summit at La Crescenta

Institutional Property Advisors brokers North Los Angeles county multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Summit at La Crescenta, a 92-unit apartment complex in La Crescenta-Montrose, California. The property sold for $34,525,000, which...
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