Friday, March 29, 2024

Pacific region

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

Puget Sound multifamily asset trades at $26 million

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 5100 Summit Apartments, a newly constructed 115-unit multifamily property in...

130-unit Vista Del Rey Apartment complex sells for $25.7 million to VDR Investment Homes

VDR Investments Homes LLC has purchased Vista Del Rey, a 17-story, 130-unit apartment complex, located at 319 N. Tacoma Avenue in Tacoma, Washington, for $25.7 million. Commercial real estate broker, Tyler Stanek, a vice...

Parkview Financial provides $26 million construction loan for a multifamily/retail project in Denver, CO

Parkview Financial announced today it has provided a $26 million construction loan to Art District Holdings, a Denver-based apartment developer, for the development of an eight-story apartment and retail building located at 1225 Santa...

Decron Properties acquires multifamily community in Woodland Hills, CA for $79 million

Decron Properties has made its first investment in Los Angeles County since 2010 by acquiring Alura, a 250-unit multifamily property in Woodland Hills, CA for $79 million. Alura is located in the heart of Woodland...

Stepp Commercial completes $10.75 million sale of Shoreland Plaza, a trophy apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $10.75 million sale of Shoreland Plaza Apartments, a 20-unit apartment property in prime Santa Monica near the cross streets...

JLL closes $116.13 million sale of Portland high-rise apartment community

JLL announced today that it has closed the $116.13 million sale of Riva on the Park, on behalf of Barings, one of the world’s largest diversified real estate investment managers. The property is a...

Vista’s Breeze Hill multifamily community now complete

Construction is now complete on Breeze Hill Apartments—a fully amenitized 88-unit luxury multifamily community in Vista, Calif.—with San Diego-based Sunrise Management overseeing all marketing/branding, leasing and day-to-day operations. The rental community, owned and developed...

Decron Properties acquires multifamily property in Seattle, Washington for $78.750 million.

Decron Properties made its second significant investment in the Seattle MSA within the past 10 months with its acquisition of a 302-unit multifamily community in the Seattle submarket of Kent, Washington for $78,750,000. The purchase...

Levin Johnston directs two property trades totaling $28.6 million in California Bay Area

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 successfully directed the acquisition of a newly renovated...

Fore Property announces sale of Rivage Residential Community in Portland metro area

Fore Property (Fore), one of the country’s top 20 largest multifamily developers, today announced the sale of Rivage, a 260-unit apartment community in Portland, Oregon, to Magnolia Capital. Rivage was stabilized at the time of...

California Legislature passes rent cap bill

A statewide bill that caps rents was passed by the California Assembly on Wednesday and now heads to Gov. Gavin Newsom’s desk for approval. The Senate had already passed AB 1482 earlier in the...

Mill Creek announces groundbreaking of Modera Lake Merritt

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Lake Merritt, a luxury mixed-use community in Oakland’s thriving Uptown neighborhood. Situated one...

Passco Companies and Avenida Partners break ground on two active seniors developments

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has collaborated with Avenida Partners, a real estate firm focused on the...

Wood Partners announces grand opening of Alta Waverly in Oakland, California

Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its newest luxury residential community—Alta Waverly—in Oakland, California. Providing brand new and contemporary living with street-level retail in...

Cushman & Wakefield represents Air Force Village West, Inc. in $58 million sale of...

Cushman & Wakefield has negotiated the sale of Altavita Village, California’s third-largest senior living community. The Tampa-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry, in partnership with the San Diego-based team of David Rothschild and Mary Christian,...
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