Pacific region

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale and Silverado Apartment Homes, a 492-unit multifamily property in Murrieta, California. The property sold for $146.5 million, which equates to $297,764 per unit. “Silverado...

Avatar Financial Group LLC (“Avatar”), a national bridge lender for commercial real estate, has hired Richard Caldwell as Director of Originations. Richard Caldwell has amassed a wealth of experience in commercial real estate finance, fund...

A seven-unit multifamily property in downtown Laguna Beach on Park Avenue and Goff Street was purchased by a private investor for $5.89 million. The Laguna Beach Apartment deal works out to a price of...

Walker & Dunlop has arranged a $39 million refinance for Bloom Apartments, a 135-unit, 3-story multifamily apartment community located in the Seattle suburb of Kirkland. Bloom Apartments amenities include walk-in closets, vaulted ceilings (in select...

Sares Regis Group of Northern California (SRGNC) announced the completion of construction and strong leasing Velocity at Celeste, their latest ground-up residential development in downtown South San Francisco featuring 195 rental apartments and adjacent...

EAH Housing, one of the largest and most respected nonprofit housing development and management organizations in the western United States, announced the grand opening of Pointe On La Brea. This former auto body shop...

Bell Partners has acquired Silverado Apartment Homes, a 492-unit apartment community located in Murrieta. The community was acquired on behalf of the company’s Value Add Fund VIII investors for $146.5 million and will be...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, closed the sale of Rockford Gardens, a 16-unit apartment complex located at 181 Ballantyne Street...

GMD Development, a private, mission-based developer/owner of affordable housing based in the Pacific Northwest, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry,...

Mayor Karleskint, Mayor Pro Tem Andreatta, and several councilmembers joined the grand opening celebration of Tricon Twelve Bridges, a collection of 161-unit Build-to-Rent (BTR) homes in Lincoln, California. This community features five thoughtfully designed floor...

JLL Capital Markets announced that it has closed the $26.25 million sale of a 139,223-square-foot land parcel in Kirkland, Washington. JLL represented the buyer, Mill Creek Residential, in completing the off-market sale from the...

CBRE secured $78.5 million in construction financing for developing Ion Clairemont, a 251-unit mid-rise multifamily community located at 8333 Clairmont Mesa Boulevard in San Diego’s Kearny Mesa submarket. The property will feature midcentury colors that...

Momentum continues on the redevelopment of Mosaic in downtown Long Beach with the sale of a 1.58-acre portion of the site to multifamily developer JPI. Mosaic is a 14-acre, large-scale open-air retail, residential, creative office...

TWG Development held a groundbreaking event for its first seniors-only affordable housing property in Washington state. Upon completion, Ardea at Totem Lake will provide 170 new homes for older low- and middle-income residents at...

Northmarq’s San Francisco Debt + Equity team arranged $23.9 million in financing for the purchase of Fremont City Center, a 122-unit garden-style apartment community in Fremont. The team was led by managing director Nate Prouty...