Ravello Holdings and WNC & Associates to Construct Maison’s Sierra Affordable Housing in Lancaster...
Ravello Holdings, one of California’s leading developers and builders of quality single and multi-unit homes, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing...
Cityview Acquires Bay Area Mixed-Use Multifamily Project Tralee Village Apartments
Cityview, a premier multifamily investment management and development firm, has acquired Tralee Village Apartments in Dublin – California’s fastest growing city. “Tralee Village was a prime opportunity to acquire a well-located, high-quality asset in a...
CBRE Arranges Sale of 25-Unit Multifamily Property Hillsborough Apartments for $8.62M in North San...
CBRE announced the sale of a 25-unit multifamily property known as Hillsborough Apartments in Oceanside, California, to a private investor for $8.62 million. The selling price represents $344,800 per unit and $447 per square...
LA County extends rent increase cap
The Los Angeles County Board of Supervisors extended their 4 percent cap on rent increases for certain properties for another 6 months. The cap is now expected revert to its former level at the...
CBRE Acquires Trophy Multifamily Asset Utama Royale Apartments in Beverly Hills for $28M
CBRE and Carolwood Estates recently brokered the sale of Utama Royale, a luxury, 18-unit multifamily building located at 10351 Wilshire Boulevard between Beverly Hills and Westwood in Los Angeles. The property was acquired for $28...
Priority Capital Advisory Arranges $21.6M Bridge Loan for Recapitalization of Kanvas Apartments in Los...
Priority Capital Advisory (PCA), a premier boutique debt and equity capital advisor for middle market and institutional developers, owners, and investors, arranged $21.6 million in financing on behalf of EGC Real Estate Group to...
JLL Facilitates Financing for Student Housing K14 Campus Flats Near the University of Oregon
JLL has arranged financing for K14 Campus Flats, a student housing property across the street from the University of Oregon in Eugene, Oregon. Working on behalf of the borrower, Waterway Family Funds, JLL placed the...
Institutional Property Advisors Closes 97-Unit Luxury Multifamily Sale of The Rise Walnut Creek in...
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Rise Walnut Creek, a 97-unit multifamily property with 8,000 rentable square feet of retail space in Walnut Creek, California. “Walnut Creek’s suburban...
CBRE Arranges Sale of 18-Unit Multifamily Property Beachwood Apartments in Downtown Huntington Beach for...
CBRE announced the sale of Beachwood Apartments, an 18-unit multifamily community in Huntington Beach, California to a private investor. The sale price of $8.65 million represents $480,556 per unit and $547 per square foot. CBRE’s...
Marcus & Millichap Closes Orange County Multifamily Asset Sale Le Chateau Apartments for $27.5M
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Le Chateau Apartments, a 76-unit apartment asset in Anaheim, California. The...
Greg May Rejoins CBRE in Orange County
CBRE has announced that Greg May has rejoined the firm’s Newport Beach office as SVP, specializing in office properties across Orange County. With more than 35 years’ experience in commercial real estate, May will...
Safehold Closes Ground Lease for Affordable Multifamily Development The Orion in Orange County
Safehold Inc., the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the ground-up development of The Orion, a 166-unit senior affordable community in Orange, California....
CBRE Facilitates Sale of Adjacent Residential Fourplexes in Huntington Beach for a Combined Price...
A private investor purchased two four-unit multifamily properties in Huntington Beach for a combined price of $5.425 million. The seller is based in Huntington Beach, while the buyer is from Westminster. Dan Blackwell and...
Gantry Secures $14.4M Construction-Takeout Loan for Mixed-Use La Jolla Multifamily 801 Pearl Street
Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $14.4 million loan to retire construction financing for the 801 Pearl class A apartments located at 801 Pearl Street in...
Colliers Arranges $24M in Construction Loans for Affordable Housing Project Kingsley Apartments in the...
Kingsley Apartments, a planned 136-unit, 100% affordable property in Los Angeles’ popular Koreatown submarket, is closer to becoming a reality after landing $24.4 million in construction money. Kian Investments, an entity controlled by Keren Management, secured...