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...
Kidder Mathews creates client services role, appoints veteran CRE professional Paul Klink
Kidder Mathews, the largest independently owned commercial real estate firm on the West Coast, has promoted Paul Klink to President of its new Client Services endeavor, which will focus on expanding Kidder Mathews’ client...
Institutional Property Advisors negotiates $80.75 million apartment complex sale in Portland Oregon
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sunset Summit, a 261-unit multifamily property in the West Hills neighborhood of Portland, Oregon. The property sold for $80.75 million,...
TOC zoned multifamily property in Pico Robertson neighborhood sells for $5.2 million
The Bedford Apartments, a multifamily land redevelopment property, located at 1442-1446 S. Bedford Street in Los Angeles, California, has been purchased by Trion Properties, Inc., a large real estate investment company, for $5,200,000. The...
Davlyn Investments acquires Roseville apartment community
Davlyn Investments, a prominent California multifamily investment firm, recently closed escrow on the $95,000,000 purchase of “The Terraces at Highland Reserve,” a 273-unit, luxury, Class A, multifamily community in Roseville, California. The property, which...
Cityview and Townsend Group partner on $125 million Opportunity Zone project in Los Angeles
Cityview, a premier multifamily investment management and development firm, and an opportunity zone program managed by The Townsend Group, a leading provider of investment management and advisory services exclusively focused on real estate and...
Institutional Property Advisors closes $37.75 million multifamily sale in Portland Metro area
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Treeline 604, a 166-unit apartment asset in Vancouver, Washington. The property sold for $37.75 million, which equates to $227,410 per...
