Thayer Manca Residential sells renovated Washington property for $60 million
Thayer Manca Residential (TMR) has sold their latest multifamily property in Lakewood, Washington, Citizen & Oake, for $60,000,000. The Seattle-based investment firm acquired the 231-unit apartment community in August 2016 for $32,950,000 and completed...
The Kanner Group completes $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily...
Matthew Kanner, President of The Kanner Group of KW Commercial, is pleased to announce he has completed the $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily property located at 835 W. Rosecrans...
130-unit Vista Del Rey Apartment complex sells for $25.7 million to VDR Investment Homes
VDR Investments Homes LLC has purchased Vista Del Rey, a 17-story, 130-unit apartment complex, located at 319 N. Tacoma Avenue in Tacoma, Washington, for $25.7 million. Commercial real estate broker, Tyler Stanek, a vice...
$16.333 million financing secured for Santa Rosa affordable housing project
JLL Capital Markets announced that it has arranged the $16.333 million construction financing of The Cannery at Railroad Square, a 129-unit affordable housing project located in Santa Rosa, California. This transaction marks the first...
Central Coast California multifamily asset sells for $25.25 million
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Del Sol Apartments, a three-parcel, 121-unit apartment community in Seaside,...
Sunrise Management expands Portland office
Expanding its new Portland office, San Diego-based Sunrise Management, which has specialized in managing multifamily properties since 1978, has added Amy Cleveland as its newest regional real estate manager. In her new role, Cleveland...
IMG acquires third San Antonio area apartment community in 2021
Investors Management Group (IMG), a California-based real estate investment and asset management firm, has acquired Heights at Converse, a 200-unit apartment community built in 2015 and located at 7855 Kitty Hawk Drive in Converse,...
CGI Real Estate Investment Strategies announces Kasia Mays as first chief operating officer
CGI Real Estate Investment Strategies has named luxury hotel industry veteran Kasia Mays as Chief Operating Officer, furthering its commitment to building a multifamily brand that places emphasis on lifestyle and hospitality, announced company...
Developer buys $29 million trophy value-add property near Sunset Strip in West Hollywood
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Terraces at La Cienega, a 42-unit apartment property located just steps from the world-famous Sunset Strip in West Hollywood, California.
Paul...
Institutional Property Advisors closes luxury multifamily asset sale in suburban Seattle for $109 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of BLU Bellevue, a 135-unit luxury mixed-use multifamily community in downtown Bellevue, Washington. The property traded for $109 million, or $1,004.70...
Berkadia arranges sale and financing of Arbour Court Apartments in Seattle
Berkadia announces it has arranged the sale and financing of Arbour Court, a 75-unit garden-style apartment community located in Burien, a suburb of Seattle, Wash. The property traded for $19.1 million.
Senior Managing Director Kenny...
The Mogharebi Group Arranges the Sale of 14.3 Acres of Land on Old Frontier...
The Mogharebi Group (“TMG”) has arranged the $2.4 million sale of six contiguous land parcels on Old Frontier Road totaling 14.3 acres in Silverdale, Washington to Bode, a Washington-based multifamily developer.
“The seller, a Washington-based...
Construction Nearing Completion on Three Oregon Multifamily Communities; Merx, Paceline, and Rivenwood Totaling 352...
Adding much-needed urban-style apartments to the region, Deacon Development is nearing completion on three new Portland and Salem, Oregon-area multifamily communities – Rivenwood, Merx and Paceline – tapping CloudTen Residential to oversee all lease-up...
Studios435 establishes market for luxury studio apartments in downtown San Diego
As Studios435 approaches its first anniversary, the community is 90 percent leased, demonstrating a robust market for luxury micro-apartments in downtown San Diego. Located at 435 13th St., the housing community opened in July...
Thrive Communities hires Cori McLeod, multifamily industry leader
Thrive Communities, a Seattle-based apartment management firm with 12,000 units under management, has announced industry leader Cori McLeod has joined the Thrive executive team as their newest Vice President.
“Cori’s deep industry relationships and broad...
