Stepp Commercial Group completes $2.65 million sale of an 8-unit apartment property in Long...
Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.65 million sale of an eight-unit multifamily property located at 1206 Gladys Avenue in Long Beach, Calif.
Robert Stepp,...
JLL arranges $375 million in financing for generational mixed-use property in San Diego
JLL announced that it has arranged an eleven-year, non-recourse secured loan for $375 million, provided by New York Life Insurance Company and on behalf of Kilroy Realty Corporation.
One Paseo is a world-class, mixed-use campus...
Stepp Commercial Group completes $7.165 million sale of a newly renovated 18-unit apartment property...
Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.165 million sale of Park Villa Apartment Homes, an 18-unit multifamily property located at 1761 Park Avenue in...
California rent control – round 3 is on
The California Secretary of State’s (CASoS) office announced that the rent control initiative called the Justice for Renters Act has qualified for the November 2024 election ballot. California voters will have their third opportunity...
CBRE arranges sale of multifamily asset in Orange County, Calif., for $462 PSF
CBRE announced the sale of a four-unit multifamily property in Orange County, Calif., for $1,590,000, representing 99 percent of the list price and $462 per square foot.
CBRE’s Executive Vice President Dan Blackwell, Vice President...
Kidder Mathews welcomes Cushman & Wakefield Executive Managing Director Ric Russell in San Francisco
Ric Russell has joined Kidder Mathews in San Francisco as Executive Vice President and Shareholder. He brings over 35 years of experience specializing in the sale of multifamily properties and residential development projects throughout...
CBRE arranges sale of 12-unit multifamily community in Anaheim, Calif., for $4.25 million
CBRE arranged the sale of a 12-unit multifamily property in Anaheim, Calif., to a private investor in a 1031 exchange. The sale price was $4.25 million, representing $354,166 per unit and $324 per square foot.
CBRE’s Executive...
$11.75 million financing secured for an affordable multihousing community in L.A.
JLL Capital Markets announced that it has secured $11.75 million in forward permanent financing for Third Thyme, a 104-unit, affordable multihousing community in Los Angeles, California.
JLL worked on behalf of the borrower, West Hollywood...
Marcus & Millichap closes $53.4 million three-property Inland Empire multifamily sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property multifamily portfolio in the Inland Empire region of Southern...
Equity placement secured for housing development near UC Davis
JLL Capital Markets announced that it arranged joint venture equity on behalf of sponsor Anton DevCo for Axis @ Davis, a 200-unit housing development located near the University of California, Davis. Axis @ Davis...
Mosaic Investment Partners secures full capitalization for University of Southern California student housing development
JLL Capital Markets announced that it arranged the capitalization of USC Expo, a 57-unit / 260-bed USC student housing development located less than a half-block from the campus of the University of Southern California...
Institutional Property Advisors brokers Eastern Washington multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Regal Ridge, a 97-unit apartment asset in Spokane, Washington. The property sold for $21.5 million, or $221,650 per unit.
“Spokane’s growing...
CBRE arranges sales of three four-unit multifamily properties in Orange County, Calif., to three...
CBRE arranged the sales of three four-unit multifamily properties in Orange County, Calif., for a total of $5.48 million to three separate private buyers in 10 days.
In the first transaction, CBRE’s Executive Vice President...
Kidder Mathews arranges record-breaking sale of multifamily property in Sherman Oaks
An eight-unit apartment property at 4737 Kester Avenue in Sherman Oaks, California has sold for $3,600,000. This marks a record-high price-per-unit for a rent-controlled apartment building in the 91403 zip code. Kidder Mathews’ Michael...
BH Properties plans billion dollar investment in affordable housing
BH Properties (BH) has launched a new investment initiative into affordable housing with a goal of ultimately building a $1 billion portfolio of assets. The new initiative will be led by veteran affordable housing...
