Universe Holdings assembling $65 million Southern California multifamily portfolio
Universe Holdings has acquired a 17-unit apartment building in Los Angeles’ Los Feliz neighborhood, the first asset in a $65 million, 249-unit Southern California multifamily portfolio, expected to close within the next 30 days. Built...
Tiffanie Byrd joins Sack Properties as Director of Property Management
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 today announced Tiffanie Byrd has been hired as...
Trion Properties augments East Bay holdings with acquisition of 61-unit multifamily community in San...
Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has expanded its East Bay portfolio with the acquisition of Cedar Grove, a 61-unit multifamily community located in...
A defeat for transit oriented development
When we last discussed the fate of California’s housing bill, SB50, it was being put in suspense with the idea that it would be brought up again later. Well, later has arrived and the...
Luxury San Francisco peninsula apartment sold by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has announced the sale of Aperture, an 83-unit luxury multifamily community with approximately 6,600 square feet of retail space. Aperture is in San Bruno,...
JLL arranges $30 million construction loan for Seattle multihousing project
JLL Capital Markets announced that it has arranged $30 million for the development of Roystone, a 93-unit, boutique multihousing project with ground-floor retail in Seattle’s desirable Lower Queen Anne neighborhood. JLL worked on behalf of...
Mesa West Capital provides loans totaling $109.8 million to fund acquisition of Denver industrial...
Mesa West Capital has provided the acquisition financing for a two-property multifamily portfolio in the Seattle-Tacoma metro and a 345,000-square-foot industrial complex in Denver, CO and, in separate transactions totaling $109.8 million. Mesa West Capital...
Stepp Commercial completes $2.1 million acquisition of a 12-unit apartment property in Long Beach,...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million acquisition of a 12-unit, value-add apartment property located at 1135 Dawson Avenue in Long Beach, CA. Robert Stepp...
Ridge Capital Investors joint venture acquires apartment property in suburban Sacramento, CA
Ridge Capital Investors, LLC and Contrarian Capital Management, LLC have acquired a 250-unit, suburban Sacramento, CA apartment community for $33 million. Sterling Pointe, located at 2237 and 2257 Hurley Way is a Class B apartment...
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...
Gelt, Inc. acquires Kallisto at Bear Creek, a 472-unit apartment property in Lakewood, CO,...
Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear...
Luxury West Hollywood apartment building sold by Institutional Property Advisors for $36 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of nVe at Fairfax, a luxury boutique multifamily building in Los Angeles. The asset sold for $36 million, which equates to...
Institutional Property Advisors sells $26.2 million multifamily asset on Hollywood Boulevard in Los Angeles
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Guardian Arms Apartments, a 101-unit multifamily asset with 9,207 square feet of ground-floor retail between the Hollywood and Los...
Avison Young completes $7.5 million sale of 34-unit apartment property in Azusa, CA
Avison Young announced today the $7.5 million sale of Rockvale Apartments, a 34-unit, multifamily property located at 333 N. Rockvale Avenue in Azusa, CA (Los Angeles county). Avison Young’s Peter Hauser, Matt Hauser and Masa...
Institutional Property Advisors closes luxury mixed-use asset sale in LA’s Koreatown
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Pearl on Wilshire, a seven-story, 346-unit multifamily property with 7,813 square feet of retail on Wilshire Boulevard in Los Angeles’ Koreatown neighborhood. The complex sold for $170,875,000, which represents $493,858 per apartment unit. “Over the...
