Friday, May 3, 2024

Pacific region

Pacific region includes: Alaska, California, Hawaii, Oregon and Washington

Wesley Wilson

Avanath expands leadership team and promotes youngest partner in firm’s history

Avanath Capital Management LLC, a multifamily owner and operator that focuses on affordable and workforce housing, announces a series of promotions and a new executive hire to its leadership team as the firm grows...
student housing

Student housing suffers supply/demand pressures

U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...

$12.6 million in construction financing secured for San Diego multihousing project

JLL Capital Markets announced that it secured $12.6 million in construction financing for a multihousing development located in the Golden Hill neighborhood in San Diego, California. JLL worked on behalf of the borrower, Darnell Capital...
Cielo Apartments

Permanent financing secured for San Diego Class A apartments

JLL Capital Markets announced that it has arranged $33 million in permanent financing for the Cielo Apartments, a 70-unit, Class A, mid-rise multihousing property located in the Little Italy neighborhood of San Diego, California. JLL...
The Lakes Apartments

Levin Johnston completes $31.5 million sale of 102-unit multifamily community in Concord, California

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announces its most recent multifamily transaction: the $31.5 million...
4135 Park Blvd

$43.5 million in construction financing secured for 190-unit multihousing community in San Diego

JLL Capital Markets has arranged $43.5 million in construction financing for the development of 4135 Park Blvd., a 190-unit, mid-rise, mixed-use multihousing project located on the border of the North Park and Hillcrest submarkets...
El Cerrito

Avison Young brokers $8 million sale of a 24-unit, rent control apartment property in...

Avison Young announced it has brokered the $8 million sale of a 24-unit rent control apartment property located at 1820 El Cerrito Place in Los Angeles. Avison Young’s Peter Sherman, John Tronson and Steven Tronson...

Orange County gets big, new addition

In November 2018, the Samueli Family, owners of the Anaheim Ducks purchased 10 acres of city-owned parking lots adjacent to Honda Center and finalized an agreement with the City of Anaheim, committing the Ducks...
Huntwood Terrace Apartments

Marcus & Millichap completes $39 million Bay Area apartment sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Huntwood Terrace Apartments, a 104-unit institutional-quality multifamily property located at 29200...
192 Shoreline

Multihousing development near Seattle secures $15 million subordinate loan from The Amazon Housing Equity...

JLL Capital Markets announced that it has arranged the $15 million subordinate loan from The Amazon Housing Equity Fund for the acquisition of 192 Shoreline, an affordable, 250-unit, mid-rise multihousing development in the suburban...
The Wilson Townhomes

The Mogharebi Group brokers the $12.2 million sale of a 24-unit multifamily community in...

The Mogharebi Group (TMG) representing the seller has arranged the $12.2 million sale of The Wilson Townhomes, a 24-unit development in the Orange County community of Costa Mesa, Calif. The buyer of the fully...
Blend-SD

$13.1 million in refinancing secured for San Diego multihousing project

JLL Capital Markets announced that it has arranged $13.1 million in the permanent refinance of Blend-SD, a 54-unit, urban-coastal multihousing community located in the Linda Vista neighborhood of San Diego, California. JLL represented the borrower,...
907-927 Grand Avenue

Stepp Commercial completes $4.375 million sale of a 13-unit apartment property in Eastside Long...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.375 million sale of a 13-unit apartment property located at 907-927 Grand Avenue in the Eastside submarket of Long...
Renew Riverside

Institutional Property Advisors negotiates Inland Empire multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ReNew Riverside, a 128-unit apartment complex in Riverside, California. The property sold for $35.35 million, which equates to $276,171 per...
Tahquitz Court

The Mogharebi Group brokers sale of 108-unit multifamily community in Palm Springs, California for...

Multifamily brokerage firm The Mogharebi Group (TMG), representing a private investor based in Salt Lake City, Utah has successfully brokered the sale of a 108-unit apartment community in Palm Springs, Calif. for $19.7 million. Built...
Yield PRO