Sunday, April 28, 2024

Pacific region

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

453 S. Gramercy Place

14-unit multifamily building trades for record price per SF during safer-at-home order

Transwestern Real Estate Services (TRS) announces it has brokered the sale of 453 S. Gramercy Place, a newly renovated, 14-unit multifamily building in the Koreatown submarket of Los Angeles. Managing Directors Josh Kaplan and...

Landlords sue to end state’s eviction ban

Two landlords filed a lawsuit challenging California courts’ refusal to hear eviction proceedings. In its response to the COVID-19 pandemic, the agency that oversees California’s courts declared that courts would not consider eviction cases...
Todd Hawke

Stepp Commercial promotes Long Beach multifamily sales expert Todd Hawke to senior vice president

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, is pleased to announce it has promoted Todd Hawke to Senior Vice President. Todd previously served as Vice President with the firm...
Modera Davis

JLL completes sale of Modera Davis in Portland

JLL Capital Markets announced that it has completed the sale of Modera Davis, a 204-unit, luxury high-end residential community located in Portland, Oregon’s Pearl District. JLL marketed the property exclusively on behalf of the seller,...
1954 Argyle Avenue

Avison Young brokers sale of lender-owned, 5-unit Hollywood Hills apartment property

Avison Young, the world’s fastest-growing commercial real estate services firm, announced that it has brokered the $1.7 million sale of a lender-owned, five-unit apartment property located at 1954 Argyle Avenue in the Hollywood Hills...
The Lakes Apartments

Levin Johnston completes $26.8 million sale of 102-unit value-add multifamily community in Concord, California

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, has directed the sale of The Lakes, a 102-unit...
Rancho Luna Sol

Decron Properties acquires Rancho Luna Sol in Fremont, California for $71.5 million

Decron Properties has acquired Rancho Luna Sol, a 188-unit multifamily community in Fremont, CA for $71.5 million. With its acquisition of Rancho Luna Sol, Decron increased its regional portfolio to 1,054 units over six properties....
Queen Anne Gardens

38-unit Queen Anne Apartment building sells for $9.035 million

Queen Anne Gardens, a 38-unit apartment building located at 1250 5th Avenue N. in Seattle, Washington, has sold for $9,035,263. The buyer, Milestone Properties, a Seattle-area apartment investment and management company, acquired the property...
The Abbott

Dunleer sells The Abbott, a six-unit apartment property in Highland Park neighborhood of L.A.,...

Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $2.375 million sale of The Abbott, a fully occupied six-unit apartment property located at 400 N Avenue 54 in the Highland...

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...
Omar Rawi

LPC West taps seasoned veteran Omar Rawi to lead mixed-use efforts in major markets...

In a move to drive its expansion into the mixed-use sector, LPC West announced that real estate industry veteran Omar Rawi is joining the company as Executive Vice President with responsibility for West Coast...
Yusef Freeman

Jonathan Rose Companies appoints affordable housing finance and development veteran Yusef Freeman to head...

In an effort to expand the firm’s West Coast presence, Jonathan Rose Companies, LLC, one of the country’s leading developers and investors in sustainable, affordable and mixed-income multifamily real estate, has hired affordable housing...
Cottage Club

Dunleer sells The Cottage Club, a charming and iconic rental community in Highland Park...

Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $3.222 million sale of The Cottage Club, an iconic rental community consisting of eight stand-alone cottages located at 336 N Avenue...
The Lakes

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....

Builder confidence in the 55+ housing market plunges

Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter of 2020, according to the National Association of Home Builders'  55+ Housing Market Index released recently. This is the...
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