Infographic: Unsustainable California
5 reasons California is unsustainable in its current state
1. Rent control
Several rent control bills failed to make it through the California Senate. AB 1482 (anti-rent gouging bill) did clear the Senate judiciary committee. If...
The Mogharebi Group Secures $42.7M For Sale of The Edge at Lakewood Apartments in...
The Mogharebi Group (TMG) has arranged the $42.7 million sale of the Edge at Lakewood Apartments, a 196-unit apartment community in Modesto, California, on behalf of Osso Capital and Graceada Partners. The sale, which...
Sack Properties promotes David Feinberg to chief investment officer
Sack Properties (Sack), a San Francisco-based real estate investment and management firm with a $750 million portfolio of nearly 2,500 multifamily units throughout the west coast, announced today the promotion of David Feinberg to...
Affirmed Housing to break ground on Della Rosa, serving Orange County’s chronically homeless and...
Affirmed Housing will host a groundbreaking ceremony for Della Rosa, a new housing community serving individuals experiencing chronic homelessness and households with low income. Located at 14800 Beach Boulevard in Westminster, CA, the 9am...
Commercial real estate veteran Denise Katz joins Cityview as director of asset management
Cityview, a vertically integrated real estate investment management firm focused on multifamily and mixed-use real estate in the Western U.S., announced that Denise Katz has joined the team as director of asset management. Katz...
Granada Hills Townhomes trade hands at $21.5 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Granada Pointe Townhomes, a 52-residence multifamily asset in the Granada...
Davlyn Investments acquires transit-oriented Riverside asset
Davlyn Investments, a prominent California multifamily and commercial property investment firm, recently closed escrow on the $60,000,000 “off-market” purchase of Metro Gateway, a newly-built, 187-unit, luxury, Class A+, “Core” multifamily community in Riverside, California....
$30.2 million 55-plus affordable housing complex changes hands
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Grandon Village, a 161-unit age- and income-restricted housing asset in...
Levin Johnston announces close of more than $121.5 million in Bay Area multifamily transactions
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, announced that it has successfully closed more than $121.5...
Oregon likely to become first in the nation to adopt statewide rent control
As home and rental prices rise across the country, more and more locales are giving serious consideration to a policy long denounced by economists: rent control. That includes Oregon, which increasingly looks likely to...
Parkview Financial provides $7 million loan for the land acquisition and development of a...
Parkview Financial announced it has provided a $7 million loan to San Francisco-based India & Beech, LLC for the acquisition of a land parcel and first phase of construction funding for a high-rise residential/retail...
The Kanner Group completes $11.55 million sale of The Glendon Apartments, a 27-unit trophy...
Matthew Kanner, Executive Managing Director of Keller Williams Commercial & President of The Kanner Group, is pleased to announce the completion of the $11,550,000 sale of The Glendon Apartments, a 27-unit apartment building located at...
Sunrise Management adds high-end Southern California multifamily communities to portfolio
Expanding its California portfolio, San Diego-based Sunrise Management has taken over day-to-day management of Arte West, a 228-unit, four-story luxury community in Santa Ana, Calif., and Arte, a high-end 182-unit apartment community on 4.4...
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,...
Institutional Property Advisors closes Hollywood apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Scout off Sunset, 136-unit apartment property in the Hollywood neighborhood of Los Angeles, California.
“During our marketing and escrow period we...
