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...
80-unit apartment portfolio sells for $20,000,000 in Vancouver, Washington
Kidder Mathews is pleased to announce the sale of an 80-unit apartment portfolio in Vancouver, Washington for $20,000,000. The portfolio comprises three buildings: Broadway (36 units), Hamilton (30 units), and Eliza (14 units). The...
California seeks to bind landlords – Update
A new law working its way through the California legislature would make it more difficult for owners of rent-controlled properties in the state to remove those properties from the rental market.
***Update***
The bill's sponsor, Alex...
Voters evenly split on Prop 21
Results of a Berkeley IGS Poll indicate that likely voters are evenly divided on Prop 21, the rent control initiative which is on the November ballot in California.
The big picture
The results of the poll...
R.D. Olson Construction breaks ground on 6-acre mixed-use community in Westminster, California
R.D. Olson Construction, an award-winning general contracting firm in California, announced the ground-up construction of Bolsa Row, a mixed-use development in the heart of Westminster’s Little Saigon District. Situated on a 6-acre lot, the...
Marcus & Millichap’s Levin Johnston team closed San Francisco Bay Area multifamily sale for...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Lakes, a three-story, 102-unit garden-style multifamily asset in Concord, California....
Levin Johnston successfully completes strategic 1031 exchange transaction in California Bay Area
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, successfully advised its client, a private investor, to acquire...
Legacy Partners announces opening of ultra luxurious Skyloft Apartments in Irvine
Legacy Partners (“Legacy”), a privately-held national real estate firm, announced today the opening of Skyloft Apartments, which is owned by Sanderson J. Ray Development. Located at 2700 Main Street, just steps from Irvine’s Business...
Greystar appoints new senior director of development for San Francisco and the East Bay
Greystar, a global leader in the development, investment, and management of multifamily housing, has recently expanded its Northern California team with the addition of Senior Director of Development, Mike McCone.
As a new Senior Director...
Inland Empire multifamily asset closes at $88 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of District at Grand Terrace, a 352-unit multifamily property in Colton, California. The property sold for $88 million, or $250,000 per...
Wermers Properties and R&V Management complete acquisition of residential mix-use property in Carlsbad
Wermers Properties and R&V Management have completed the acquisition of Carlsbad Village Lofts, a property in Carlsbad with plans to develop a residential mixed use community befitting of the upscale coastal city. Carlsbad Village...
Sack Properties acquires Chateau Woods apartments in Woodinville, Washington
Sack Properties (Sack), a 62-year-old, San Francisco-based real estate investment and management firm with a $750 million portfolio of approximately 2,500 multifamily units throughout the Western United States, announced the acquisition of Chateau Woods,...
The Hoffman Company brokers 18-acre parcel in Riverside, California, for mixed-use development
The Hoffman Company, recently brokered the sale of a 482-unit apartment project on approximately 18 acres, part of a larger 35-acre mixed-use development called The Exchange being developed by the seller, AFG Development LLC....
Land acquisition and joint venture closes on eight-building, multifamily development project in Chula Vista
The Millenia master plan development has closed on the purchase of land for an eight-building, 480-unit multifamily project in Otay Ranch. The project is a joint venture among MetLife Investment Management, Allstate and Ryan...
CGI+ acquires multifamily community in Oxnard, California for $50.7 million
CGI+ Real Estate Strategies’ ongoing efforts to broaden its investment platform has led to the firm to make its second suburban purchase in the last 11 months with the acquisition of Alturas, a 170-unit...
