Financing arranged to develop Class A seniors housing community
JLL Capital Markets announced it arranged financing for the Lodge at Piner Road, a 92-unit seniors housing development located in Santa Rosa, California, part of Sonoma County.
JLL represented the borrower, Blue Mountain Enterprises and...
Sunrise Management adds to leadership team
Sunrise Management, which has specialized in managing multifamily properties since 1978, has announced the addition of Hector Rodela as the new regional vice president in its San Diego headquarters. Rodela takes charge of overseeing...
RISE Properties Trust and Aegon Real Assets US acquire Bryson Square Apartments in Kent
RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”), an indirect wholly owned subsidiary of Aegon N.V., a multinational life insurance, pensions and asset...
Decron Properties Acquires Luxury Multifamily Community Margo at The Society in San Diego for...
Decron Properties has acquired Margo at The Society, a 240-unit, luxury multifamily community located just off Hotel Circle in San Diego, California for $125.5 million.
The acquisition was fueled through a 1031 exchange with Decron...
Stepp Commercial completes $1.86 million sale of a value add 11-unit apartment property in...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $1.86 million sale of a value add 11-unit apartment property located at 2121 Long Beach Blvd. in the...
Upzoning coming to California
California Governor Newsom recently signed a series of bills seeking to address the shortage of housing in the state. The bills. SB-8, SB-9 and SB-10 give local governments additional authority to upzone for higher...
Trion Properties stays active in the East Bay with acquisition of 89-unit Hayward, California...
Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments in niche western markets, has acquired Villa Morada Apartments, an 89-unit multifamily community in Hayward, California, for $25 million.
The acquisition...
MacFarlane Partners celebrates topping out of Park Fifth in downtown Los Angeles
MacFarlane Partners, a real estate investment manager and developer that specializes in investments promoting smart growth, urban revitalization and sustainability, announces today the topping off of Park Fifth, a 24-story high-rise that it is...
Northern California seniors housing asset sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Almond Heights Senior Living, a 117-unit assisted living and memory care facility in Orangevale, California.
“Opened in September 2015, Almond...
Bayhill Ventures Submits Entitlement Approval for 530 Howard
Bayhill Ventures, a San Francisco-based real estate development and investment firm focused on multifamily, commercial, and mixed-use properties across the western United States, submitted entitlement approvals for 530 Howard Street, a for-lease residential development...
Stepp Commercial completes $3,025,000 sale of a value-add, 8-unit apartment property in prime West...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3,025,000 sale of an eight-unit, value-add apartment property located at 1237 N. Orange Grove in the Los Angeles submarket...
Institutional Property Advisors brokers Inland Empire multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Stonegate Apartments, a 160-unit multifamily asset in Riverside, California.
“With average rents in the Riverside submarket projected to grow 7.9 percent...
L.A. city council plans eminent domain
The Los Angeles City Council has voted to try to buy a 124-unit housing development in Chinatown by exercising the power of eminent domain, in an effort to freeze rent increases by the landlord,...
The Mogharebi Group brokers a 153-unit multifamily community in Long Beach, California
The Mogharebi Group (TMG) representing a Los Angeles based seller, brokered a $47.05 million sale of Fountain View Apartment Homes, a 153-unit community in the Los Angeles County city of Long Beach, California.
Built in...
Davlyn Investments acquires transit-oriented Riverside asset
Davlyn Investments, a prominent California multifamily and commercial property investment firm, recently closed escrow on the $60,000,000 “off-market” purchase of Metro Gateway, a newly-built, 187-unit, luxury, Class A+, “Core” multifamily community in Riverside, California....
