Jonathan Rose Companies acquires Piedmont Apartments in Oakland
Jonathan Rose Companies, LLC, a leading investment manager with expertise in green affordable and mixed income acquisition and development, through its Rose Affordable Housing Preservation Fund V (the Fund), has closed on the administrative...
Shopoff Realty Investments moves ahead with $90 million luxury condominium community in Newport Beach
Shopoff Realty Investments, a national real estate and investment firm based in Irvine, announced details of a $90 million luxury condominium community coming to Newport Beach as part of its $1.25 billion master-planned development,...
Livingston Street Capital expands 55+ active adult and independent living portfolio footprint to west...
An affiliate of Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments throughout the U.S., has acquired King City Senior Village, an independent living multifamily community in the greater...
Rare Capitol Hill apartments with development potential sells for $4.5 million
A multifamily property located at 433 Bellevue Avenue East in Seattle’s Capitol Hill neighborhood has sold for $4,500,000. Dylan Simon, Jerrid Anderson, Matt Laird, and Winslow Lee of The Simon and Anderson Team partnered...
California extends eviction moratorium
California Governor Newsom has signed into law Senate Bill 91 (SB-91), which extends the state’s eviction moratorium to June 30, 2021. The bill also creates the State Rental Assistance Program which will use funds...
Kyle Naye joins Cityview as senior director of aquisitions
Cityview, a vertically integrated real estate investment management firm focused on multifamily and mixed-use real estate in the Western U.S., today announced the addition of Kyle Naye as the firm’s senior director of acquisitions....
Institutional Property Advisors closes Seattle luxury multifamily property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Modera Jackson, a five-story contemporary mixed-use apartment community with 160 residential units and 8,069 square feet of street-level retail in...
12 multifamily asset sales valued at $535 million closed by Institutional Property Advisors’ Northern...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced that in the fourth quarter of 2020, its Palo Alto, California-based multifamily team brokered the sales of 12 assets totaling 1,552 units valued...
Stepp Commercial completes $5.2 million sale of a 22-unit apartment property in Long Beach,...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.2 million sale of a 22-unit apartment property located at 1315 W. 19th Street in Long Beach, California. Principal Robert...
Parkview Financial provides $9.4 million construction loan for an 82-unit multifamily development in Tacoma,...
Parkview Financial announced it has provided a $9.4 million construction loan to Emerald Bay Apartments, LLC for Emerald Bay Apartments, an 82-unit multifamily project located at 1624 E 32nd Street in Tacoma, WA. Construction...
Alta Housing strengthens management team with hire of Marc Garcia as CFO
Alta Housing, a community-based, affordable housing developer, announces the hiring of Marc Garcia as Chief Financial Officer. Garcia has two decades of financial and accounting experience in real estate. Most recently, Garcia served as...
Universe Holdings acquires historic multifamily community in Hollywood for $6.9 million
Universe Holdings has acquired, Villa Valentino, an historic 18-unit multifamily community in Hollywood, CA for $6.9 million. Built in 1926, the property at 2000 N. Highland Boulevard and once home to Charlie Chaplin is registered...
Stepp Commercial completes $2.85 million sale of a 9-unit value-add apartment property in Koreatown...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.85 million sale of a nine-unit apartment property located at 821 S. Gramercy Drive within the Koreatown submarket of...
Commercial property owner sues L.A. County over eviction ban
The owner of a commercial building filed a lawsuit challenging Los Angeles County’s moratorium on commercial evictions. The lawsuit is the first to challenge a commercial eviction moratorium. Howard Iten is a retired auto mechanic who leases his garage...
Capitol Hill multifamily property close to light rail station sells for redevelopment
A multifamily property located at 228 11th Avenue East in Capitol Hill has been sold to a private developer for $3,300,000 ($430 per land square foot). The seller, Tobin Properties, was represented in the...