OC Seniors Housing Project The James Lands $473M in Tax Exempt and Taxable Bond...
Development of The James, a luxury rental, 350-bed seniors housing project in Irvine, is slated to get underway after just having secured $473 million in tax exempt and taxable bond financing.
The project is a...
JLL Facilitates Successful Sale of Premier 344-Unit Multifamily Community Beaumont Apartments in Seattle MSA’s...
JLL Capital Markets announced that it has secured the $136.125 million sale of Beaumont Apartments, a premier, institutional-quality apartment community in Woodinville, Washington.
Beaumont Apartments, a three-building mid-rise property built in 2009, sits on 14.3...
CBRE Facilitates Sale of Newly Renovated 9-Unit Multifamily Property on Wellington Avenue in Santa...
CBRE announced the sale of a newly renovated, nine-unit multifamily property located at 425 E. Wellington Avenue in Santa Ana, California to a local buyer for $3,105,000. The sale price represents $345,000 per unit...
Gantry Secures $18.3M in Permanent Loans for Two California Bay Area Apartments, Spinnaker Pointe...
Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a total of $18.3 million in two permanent loans for the Spinnaker Pointe Apartments in Milpitas (near San Jose) and Crossroads...
Gables Residential Expands into Seattle with the Opening of Gables Queen Anne
Gables Residential, a leader in multifamily development and management, is excited to announce its expansion into the Pacific Northwest with the opening of Gables Queen Anne, a premier apartment community in Seattle’s historic Queen...
Guardian Welcomes Industry Leader Josh Lloyd as Chief Operating Officer
Guardian, a leader in the Pacific Northwest in multifamily operations, development, and investment, is pleased to announce the hiring of Josh Lloyd as Chief Operating Officer. In this new role, Lloyd will lead the...
Marcus & Millichap Capital Corporation Arranges $13.6M in Financing for Two Los Angeles MSA...
Marcus & Millichap, a leading provider of commercial real estate capital markets financing solutions, arranged $7,034,000 and $6,545,000 for the refinancing of Canyon Crest Apartments and Hawthorne Chateau Apartments, two multifamily properties located in...
Sunrise Grows Inland Empire Portfolio with Acquisition of LuxLiv in Riverside
Expanding its footprint in California’s Inland Empire, San Diego-based Sunrise Management has taken over the management – including marketing, leasing and day-to-day operations – of Riverside’s LuxLiv, a 62-unit multifamily community acquired by Vanamor,...
Institutional Property Advisors Closes Apartment Property Sale of Heron View in Suburban Seattle
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Heron View, a 72-unit apartment property in Kenmore, Washington. The asset traded for $19,875,000, or $276,042 per unit.
“An exceptionally well-located...
MidPen Housing Announces Completion of Affordable Housing Development Foon Lok East in Oakland California
Foon Lok East, the fourth and final affordable housing development at Brooklyn Basin in Oakland, California, has been completed. MidPen Housing, in partnership with the City of Oakland and the Oakland Housing Authority, developed the...
Institutional Property Advisors Brokers Three-Property Multifamily Portfolio Sale in Tacoma for $102.6M Including Monterra,...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of three multifamily assets totaling 557 units in Tacoma, Washington for $102.6 million. The properties are Monterra, Miramonte, and Heatherstone Apartments.
“Located...
Kidder Mathews Arranges $7.62M Apartment Portfolio Sale Consisting of Coventry Estates and Lincoln Place...
Max Frame of the Simon Anderson team, a multifamily investment team at Kidder Mathews, successfully closed two apartment sales in Spokane, Washington this week. The properties included Coventry Estates and Lincoln Place.
Frame represented the...
Gortikov Capital Secures $150M Bridge Loan for The Grad Student Housing Tower in San...
Gortikov Capital has arranged a $150 million bridge loan secured by The Grad, a 260-unit, 1,002-bed Class A student housing tower serving San Jose State University, located in Downtown San Jose, California.
Bryan Gortikov, President...
BWE secures $108.38M for Recently Completed Orange County Multifamily Project VRV
BWE, a national commercial and multifamily mortgage banking company, announced that it has secured total capital of $108.38 million for the VRV, a recently completed luxury apartment property in Stanton, California (Orange County).
Tom Kenny,...
Marcus & Millichap Closes $25M Nine-Property Inland Empire Apartment Portfolio Sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a nine-property portfolio of eight apartment buildings and a four-tenant retail...