$31.6 million financing secured for seniors housing in Southern California
JLL Capital Markets announced that it has arranged $31.6 million in acquisition and mezzanine financing for Estancia Senior Living, a 103-unit, 114-bed, newly developed, Class A assisted living and memory care community in the...
SB Real Estate Partners breaks into Inland Empire with Redlands acquisition for $46.2 million
SB Real Estate Partners (SBREP) has acquired ReNew Redlands, a Class B, 124-unit garden-style apartment community located in Redlands, Calif, for $46.2 million. The property has been renamed Portola Redlands, and SBREP intends to...
Next Wave bolsters Pacific Northwest portfolio with acquisition of 65-unit multifamily community in Spokane...
Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, Washington in an off-market...
Stepp Commercial completes $2.5 million sale of 8-unit apartment property in Long Beach
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.5 million sale of an eight-unit apartment property located at 1148 Stanley Avenue in the Eastside submarket of Long...
Institutional Property Advisors facilitates Inland Empire seniors housing asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Zen Diamond Valley Senior Living Apartments, a 177-unit multifamily property for seniors in Hemet, California. The asset traded for $23.85...
Transwestern brokers sale of two multifamily buildings in 1031 exchange in Los Angeles
Transwestern Real Estate Services (TRS) announces its Los Angeles Multifamily Investment Services Group has brokered the sales of 14654 Gault St., a luxury fourplex in Van Nuys, and 5631 Whitnall Highway, a newly built...
Multihousing community trades for $30.25 million in Portland area
JLL Capital Markets announced that it has closed the $30.25 million sale of Hidden Village, a 98-unit, garden-style multihousing community in West Linn, Oregon. JLL marketed the property on behalf of the seller, Guardian Real...
Tailwind Investment Group and The Roxborough Group acquire value-add multifamily asset in high growth...
Tailwind Investment Group—a Newport Beach-based privately held commercial real estate investment management company focused on value-add and core-plus multifamily investments in the Western U.S.—and The Roxborough Group—a real estate private equity firm based in San Francisco—announced the acquisition of The Vue, a 197-unit multifamily property...
Levin Johnston expands northwest reach; negotiates sale of prime multifamily property in Portland, Oregon
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, has announced the sale of a two-property multifamily portfolio...
Pembrook provides $15.35 million first mortgage loan for acquisition and renovation of Parkwood Apartments...
Pembrook Capital Management LLC (Pembrook), one of the nation’s leading bridge lenders for affordable housing, provided a $15.35 million first mortgage loan for the acquisition of Parkwood Apartments, a 90-unit multifamily property located at...
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...
Gelt, Inc. acquires The Oasis Anaheim, a 312-unit apartment community, for $146.5 million
Gelt, Inc. is pleased to announce it has acquired The Oasis Anaheim, a 312-unit, transit-oriented apartment property located at 3530 E. La Palma Avenue in the northeast area of Anaheim, Calif. The Los Angeles-based...
Institutional Property Advisors brokers and finances $54.1 million Los Angeles County multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Retreat, a 148-unit multifamily asset in Santa Clarita, California. The property traded at $54.1 million, which represents $365,540 per...
Institutional Property Advisors closes $62 million multifamily asset sale in Santa Clarita Valley
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Madison at Town Center, a 130-unit apartment complex in Valencia, California. The asset traded for $62 million, or $476,923...
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...
