Wednesday, April 24, 2024

Pacific region

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

Park Knoll Apartments

160-unit multifamily community trades for $25 million in Sacramento

Transwestern Real Estate Services (TRS) announces the team of Shivu Srinivasan, Robert Dau, Dante Giacomini and Connor McGarty represented both parties in the sale of Park Knoll Apartments, a 160-unit multifamily community at 10680...
11506 Adco Avenue

Stepp Commercial completes $3.95 million acquisition of a 16-unit apartment property in Downey, California

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.95 million acquisition of a 16-unit apartment property located at 11502 to 11506 Adco Avenue in Downey, Calif. Stepp Commercial’s...
One38 Apartments

PCCP, LLC provides $40 million senior loan to Carmel Partners for the acquisition of...

PCCP, LLC announced it has provided a $40 million senior loan to an affiliate of Carmel Partners for the acquisition of One38 Apartments, a 101-unit apartment community located adjacent to the San Jose Convention...
Sycamore Hills Village

Institutional Property Advisors closes $59.5 million San Diego County multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sycamore Hills Village, 155-unit multifamily asset in Vista, California. The property sold for $59.5 million, or $383,870 per unit. “The acquisition...
Seven West at the Trails

Sale of Portland area multihousing community closes

JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Seven West at the Trails (Seven West), a 423-unit, garden-style multihousing community in the Portland suburb of Beaverton,...
Sorelle Apartments

Tower 16 Capital Partners acquires a 330-unit multifamily property in the Inland Empire for...

San Diego-based Tower 16 Capital Partners has acquired Sorelle Apartments, a 330-unit multifamily property located in Moreno Valley, Calif., for $85 million. The Sorelle Apartments project was built in 1986 and was acquired from...
Estancia Senior Living

$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...
Portola Redlands

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...
Park Place Apartments

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...
1148 Stanley Avenue

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...
Zen Diamond Valley Senior Living Apartments

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...
14654 Gault Street

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...
Hidden Village

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...
The Vue

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...
Provi Apartments

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...
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