Tuesday, January 21, 2020

Pacific region

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

Mira Exterior (credit LCP 360)

Cityview sells Los Angeles Opportunity Zone project to Virtu Investments, LLC for $70.5 million

Cityview, a premier urban multifamily investment management and development firm, today announced the sale of Mira, a 174-unit multifamily community in the San Fernando Valley Region of Los Angeles. An opportunity zone deal, Cityview...
Stella and Bluewater, courtesy Affirmed Housing

Affirmed Housing grand opens 160 affordable apartment homes in San Diego

Affirmed Housing will host a Grand Opening celebration for Stella and Bluewater, two new affordable housing communities located in the Grantville community of San Diego. Located at 6121 Fairmount Avenue, the 9:30am Grand Opening...
Salix Juanita Village in Kirkland, Washington

RISE Properties Trust acquires Salix Juanita Village Apartments in Kirkland, Washington

RISE Properties Trust (“RISE”) a Canadian real estate trust, with operations based in Seattle, today announced their purchase of Salix Juanita Village in Kirkland, Washington for $101,500,000. The transaction was brokered by JLL. Jason Murray,...

Infographic: Unplugged in California

2 million residents were without power for days at a time in the state’s outages 6,402 wildfires in Calif. as of Nov. 3. Wind-induced fire season runs Oct. to April. Summer fire season runs June...
Mosaic Hills Apartments in Kent

RISE Properties Trust and Aegon Real Assets US acquire two more assets in Seattle...

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...
The George Besaw

The George Besaw Apartment mixed-use building in Portland, Ore. sells for $23.625 million

Kidder Mathews is pleased to announce the sale of The George Besaw for $23,625,000. The 51-unit, apartment / mixed-use building is located at 2323 NW Savier Street in Portland, Oregon. Kidder Mathews’ team of...
425 Coronado Avenue

Stepp Commercial completes $14.95 million sale of two adjacent apartment properties totaling 48 units...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $14.95 million off-market sale of 425 Coronado Avenue and 424 Obispo Avenue in the Belmont Heights submarket in Long...
Augusta Apartments

JLL closes $98.1 million sale, financing of Seattle apartments

JLL announced today that it has closed the $98.1 million sale and arranged acquisition financing for Augusta Apartments, a 209-unit apartment community in Seattle, Washington. JLL marketed the property on behalf of the seller, Vulcan...
Orion

Luxury apartment building in Seattle’s South Lake Union neighborhood sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Orion, a 129-unit luxury apartment asset with more than 6,000 square feet of street-level retail space in the South...
supreme court

Setback in Seattle

The Washington State Supreme Court has ruled in favor of the City of Seattle and against property owners who challenged two laws intended to address unconscious bias on the part of landlords. The laws...
Oak Street Bungalows

Stepp Commercial completes $1.7 million sale of Oak Street Bungalows in Santa Monica, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $1.7 million sale of Oak Street Bungalows, a five-unit apartment property located at 2444 Oak Street in Santa Monica,...
Linden Square Apartments

RISE Properties Trust and Aegon Real Assets US acquire Linden Square Apartments in North...

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...

HUD reaches settlement with California housing providers accused of disability discrimination

The U.S. Department of Housing and Urban Development announced today that it has reached a Conciliation/Voluntary Compliance Agreement with housing providers in San Diego, Sacramento and Oceanside, CA, settling allegations that they violated the...
The Riviera

Avison Young completes $16.76-million portfolio sale of two value-add apartment properties totaling 72 units...

Avison Young, the world’s fastest-growing commercial real estate services firm, announced today it has completed the $16.76-million portfolio sale of The Riviera and Rainbow Gardens, two nearby apartment properties totaling 72 units in Azusa,...
The Suites on Lincoln

Stepp Commercial completes $4.05 million sale of The Suites on Lincoln in Santa Monica,...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.05 million sale of The Suites on Lincoln, located at 911 Lincoln Boulevard, just south of stylish Montana Avenue...
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