Pacific region

Parkview Financial has announced it has provided a $42 million construction loan to Kirkland Development for the construction of The Ledges at Columbia Palisades, an entitled 90-unit apartment and 51 condominium project located at...

Berkadia announces it has arranged the sale and financing of Arbour Court, a 75-unit garden-style apartment community located in Burien, a suburb of Seattle, Wash. The property traded for $19.1 million. Senior Managing Director Kenny...

JLL Capital Markets announced it closed the $45.3 million sale and arranged a $27 million acquisition financing for Il Palazzo, a 108-unit multihousing community located in the heart of Little Italy, San Diego, California. JLL...

San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 214 units in Colton, Calif., for $41 million. The 1333 Canyon project consists of 104 units built in 1986 while...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.17 million sale of Slauson Manor Apartments, a 9-unit apartment property located at 2204 W. Slauson Avenue in Los...

JLL Capital Markets announced it closed the sale of Northpointe, a 158-unit luxury multihousing property located in Portland, Oregon. JLL represented the seller, a partnership between Fore Property Company and Principal Real Estate Investors, to...

Gov. Newsom announced his intent to pay rental housing providers 100 percent of rent that’s gone unpaid because of COVID-19. “This is certainly welcome news, and we applaud Gov. Newsom for his commitment to making...

Avison Young announced it has brokered the $10.8 million sale of Via Sherman Oaks, an 18-unit apartment property located at 4623 Willis Avenue in Sherman Oaks, California. At $600,000 per unit, the sale also...

Expanding its new Portland office, San Diego-based Sunrise Management, which has specialized in managing multifamily properties since 1978, has added Amy Cleveland as its newest regional real estate manager. In her new role, Cleveland...

Tower 16 Capital Partners has sold Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $16.5 million. The property was purchsed in January 2019 for $11 million in an off-market transaction. Tower...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Mira Vista Hills, a 280-unit apartment community in Antioch, California. IPA’s Salvatore Saglimbeni, Stanford Jones, Philip Saglimbeni, and Alex Tartaglia...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.32 million sale of an 8-unit apartment property located at 3011 E. 4th Street in the heart of the...

Matthew Kanner, President of The Kanner Group of KW Commercial, is pleased to announce he has completed the $15.525 million sale of The Galaxy Apartments, a 95-unit multifamily property located at 835 W. Rosecrans...

By any reasonable metric, the empty lot on the corner of First and Lorena Street in the Boyle Heights neighborhood of Los Angeles is a natural place to build housing. With a bus stop...

To boost housing, cities like Berkeley and Sacramento are striking down single-family zoning laws and encouraging more dense development, joining a nationwide trend. It was a small step, with huge symbolic significance: The city council...