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...
Canadian REIT buys Portland-area multihousing community for $30 million
JLL Capital Markets announced that it has closed the $30 million sale of TownCenter Park, a 111-unit, 1990-built, garden-style multihousing community in Wilsonville, Oregon.
JLL marketed the property on behalf of the seller, Curtis Capital...
Stepp Commercial completes $4.39 million portfolio sale of two apartment properties in eastside submarket...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.39 million portfolio sale of two apartment properties located in the Eastside submarket of Long Beach, Calif.
Principal Robert Stepp...
Intercontinental Real Estate Corporation enters Sacramento market partnering with Security Properties on 244-unit multifamily...
Intercontinental Real Estate Corporation (Intercontinental) in joint venture with Security Properties have acquired Broadleaf Apartments, a 244-unit Class B+ garden-style apartment community located in the Pocket neighborhood of Sacramento, Calif.
The off-market transaction represents a...
Thayer Manca Residential sells renovated Washington property for $60 million
Thayer Manca Residential (TMR) has sold their latest multifamily property in Lakewood, Washington, Citizen & Oake, for $60,000,000. The Seattle-based investment firm acquired the 231-unit apartment community in August 2016 for $32,950,000 and completed...
Avison Young arranges the sale of The Gallery, a 10-unit mixed-use property in Laguna...
Avison Young announced it has arranged the sale of The Gallery, a 10-unit mixed-use property located at 326-336 North Coast Highway in Laguna Beach, California (Orange County). The property consists of seven apartments units...
Thayer Manca Residential acquires new Washington state property
Thayer Manca Residential (TMR) has purchased Woodbury Apartments, their newest multifamily property in Olympia, Washington. TMR purchased the 127-unit property for $38,500,000.
With a $2.3m renovation budget, the repositioning plan includes a full redesign of...
Colliers facilitates sale of 25-unit apartment community in San Leandro for $6.8 million
Leading diversified professional services and investment management company Colliers recently facilitated the sale of a 25-unit multifamily property called Foothill Terrace in San Leandro. Colliers’ Senior Vice President Rich Martini procured the buyer and...
RAAM Construction completes construction of a $29 million affordable senior housing development in La...
RAAM Construction, a general building construction firm specializing in multifamily and historic preservation projects throughout California, has completed the construction of an affordable senior housing development in La Puente, California for $29 million.
The 71,499...
PCCP, LLC provides $51 million loan to ColRich Multifamily for the acquisition of a...
PCCP, LLC announced it has provided a $51 million senior loan to ColRich Multifamily for the acquisition of Twenty Twenty, a seven-story, 162-unit mid-rise apartment property located at 2020 NE Multnomah Street in Portland,...
