Sunday, May 12, 2024

Pacific region

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

Center Village Apartments

Loan secured for 60-unit affordable housing community in Portland

JLL Capital Markets announced that it has arranged a loan for Center Village Apartments, a 60-unit affordable Low-Income Housing Tax Credit community in Northeast Portland, Oregon. JLL worked on behalf of Innovative Housing, Inc. (IHI)...
Hood Apartments

Hood Apartments in Gresham, Oregon sells for $12 million

Kidder Mathews is pleased to announce the sale of Hood Apartments for $12,000,000. The 64-unit, newly constructed apartment building is located at 1833 SE 6th Street in Gresham, Oregon. Jordan Carter, Clay Newton, and Tyler Linn,...
Camden Parc Apartments

Solano County apartment complex sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Camden Parc Apartments, a 232-unit apartment complex. The property sold for...
Union on Broadway

Greystar and Star America obtain two loans for student housing developments at University of...

JLL Capital Markets announced that it arranged $59.95 million in construction financing for the Union on Broadway student housing and retail development located at 476 E. Broadway St. in Eugene, Oregon, and a $81.67...
Fremont Apartments

$88.89 million construction loan secured for Fremont Apartments in Portland

JLL Capital Markets announced it arranged $88.89 million in construction financing to build the Fremont Apartments, a Class A multihousing community located on the Willamette River at 1550 N.E. Naito Parkway in Portland, Oregon. JLL...
Meadows at Heron Creek

Portland Oregon-area apartment asset sale brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Meadows at Heron Creek, a 178-unit garden-style apartment asset built in 2012 near Amberglen Business Park in Hillsboro, Oregon. The...
11969 Iowa Avenue

Stepp Commercial completes $2.6 million sale of an 8-unit value-add apartment property in West...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.6 million sale of an eight-unit, value-add apartment property located at 11969 Iowa Avenue in West Los Angeles. Principal Kimberly...
Prop 21

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...
City Lane Townhomes

Avison Young completes sale of 4.11 acres of land for 60-unit townhome development in...

Avison Young announced it has completed the $9.936 million sale of 4.11 acres of land (2.75 acres buildable) located at 28719 Los Alisos Boulevard in Mission Viejo, CA. The buyer, a prominent national builder...
Silverwood Apartments

Gelt, Inc. buys 164-unit apartment community in Gresham, Oregon for $30 million

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Silverwood Apartments for $30 million. The 164-unit property is located at 4777 SW 11th St.,...
Vanowen Collection

Stepp Commercial completes $3.5 million sale of Vanowen Collection, an 18-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.5 million sale of Vanowen Collection, an 18-unit apartment property located at 12715 to 12719 Vanowen Street in North...
Washington Place

Stepp Commercial completes $6.3 million sale of Washington Place, a 15-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of Washington Place, a 15-unit apartment property located at 401 Washington Avenue in Santa Monica, California. Principal...
The Fort

Sunrise Management adds 84 multifamily units to San Diego portfolio

Following the $45.08 million sale of two high profile urban San Diego mixed-use projects, San Diego-based Sunrise Management has taken over day-to-day management of both communities—Park + Polk and The Fort—both previously owned and...
prop 21 votes

Taking sides on Prop 21

The latest rent control initiative to appear on California’s ballot will be voted on this November. People and groups are now declaring where they stand on Proposition 21. Recapping the basics Prop 21 would allow rent...
Westminster Towers

$28 million Puget Sound area multifamily asset sale brokered by Marcus & Millichap

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Westminster Towers, a 139-unit multifamily complex in Tacoma, Washington. The property...
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