Tuesday, May 14, 2024

Pacific region

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

Joseph Arnold Lofts

Mesa West Capital funds $52 million loan for acquisition of Seattle multifamily community

Mesa West Capital has provided the joint venture of Rise Properties Trust and Cigna Investment Management with $52 million in first mortgage debt for the acquisition and repositioning of a 131-unit multifamily building in...
1460 Indian St Rendering

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 Village Residences at San Antonio Center

Marcus & Millichap’s Institutional Property Advisors division closes San Francisco Bay Area mixed-use asset...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Village Residences, a 330-unit luxury multifamily complex with 43,206 square feet of ground-floor retail in Mountain View, California. “Located...
Rolling Hills Gardens Apartments

Stepp Commercial completes $6.75 million sale of Rolling Hills Gardens Apartments, in Lomita, California

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.75 million sale of Rolling Hills Gardens Apartments, a 24-unit apartment building located at 25925 Viana Avenue, adjacent to...
Patrick McCarthy

TMG Partners names Patrick McCarthy partner

TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, and its wholly owned subsidiary PKN Manager LLC, today announces Patrick McCarthy has joined the firms as Partner. “Patrick will be an asset...
Pico Lanai Apartments

$58.5 million rare Santa Monica multifamily asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Pico Lanai Apartments, a 174-unit apartment complex in Santa Monica, California. The property sold for $58,550,000, which equates to...
Mira Exterior (credit LCP 360)

Cityview sells Los Angeles Opportunity Zone project to Virtu Investments, LLC for $70.5 million

Cityview, a premier urban multifamily investment management and development firm, today announced the sale of Mira, a 174-unit multifamily community in the San Fernando Valley Region of Los Angeles. An opportunity zone deal, Cityview...
Stella and Bluewater, courtesy Affirmed Housing

Affirmed Housing grand opens 160 affordable apartment homes in San Diego

Affirmed Housing will host a Grand Opening celebration for Stella and Bluewater, two new affordable housing communities located in the Grantville community of San Diego. Located at 6121 Fairmount Avenue, the 9:30am Grand Opening...
Salix Juanita Village in Kirkland, Washington

RISE Properties Trust acquires Salix Juanita Village Apartments in Kirkland, Washington

RISE Properties Trust (“RISE”) a Canadian real estate trust, with operations based in Seattle, today announced their purchase of Salix Juanita Village in Kirkland, Washington for $101,500,000. The transaction was brokered by JLL. Jason Murray,...

Infographic: Unplugged in California

2 million residents were without power for days at a time in the state’s outages 6,402 wildfires in Calif. as of Nov. 3. Wind-induced fire season runs Oct. to April. Summer fire season runs June...
Mosaic Hills Apartments in Kent

RISE Properties Trust and Aegon Real Assets US acquire two more assets in Seattle...

RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”), an indirect wholly owned subsidiary of Aegon N.V., a multinational life insurance, pensions and asset...
The George Besaw

The George Besaw Apartment mixed-use building in Portland, Ore. sells for $23.625 million

Kidder Mathews is pleased to announce the sale of The George Besaw for $23,625,000. The 51-unit, apartment / mixed-use building is located at 2323 NW Savier Street in Portland, Oregon. Kidder Mathews’ team of...
425 Coronado Avenue

Stepp Commercial completes $14.95 million sale of two adjacent apartment properties totaling 48 units...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $14.95 million off-market sale of 425 Coronado Avenue and 424 Obispo Avenue in the Belmont Heights submarket in Long...
Augusta Apartments

JLL closes $98.1 million sale, financing of Seattle apartments

JLL announced today that it has closed the $98.1 million sale and arranged acquisition financing for Augusta Apartments, a 209-unit apartment community in Seattle, Washington. JLL marketed the property on behalf of the seller, Vulcan...
Orion

Luxury apartment building in Seattle’s South Lake Union neighborhood sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Orion, a 129-unit luxury apartment asset with more than 6,000 square feet of street-level retail space in the South...
Yield PRO