$94.3 million financing arranged for San Francisco-area multihousing development
JLL Capital Markets announced that it has arranged $94.3 million in construction financing for a 189-unit, four-story, Class A multihousing development located in downtown Pleasant Hill, California.
JLL worked on behalf of the borrower, Gemdale...
Stepp Commercial completes $3.55 million sale of 11-unit apartment property in coveted Alamitos Beach...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.55 million sale of an 11-unit apartment property located at 366 Walnut Avenue in the Alamitos Beach submarket of...
Marcus & Millichap lists and closes 91-unit Los Angeles apartment portfolio
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that Rick Raymundo and Landy Toledo listed and sold the West Coast Properties...
The Jacobson Company sells 172-unit multifamily community in downtown Seattle for $90 million
The Jacobson Company, a leading private real estate investment and management company, has sold Alley24, a 172-unit multifamily property in Seattle, Washington for $90 million. The firm initially acquired the asset for $72 million...
Kidder Mathews sells 120 total units in South Tacoma, Washington
Coventry Court IV Apartments, a garden-style apartment totaling 100 units located at 908 76th Street Court East in Tacoma, Washington, sold for $21,150,000 in an on-market sale by Kidder Mathews. The seller was an...
PCCP, LLC provides senior loan for the acquisition and renovation of a 180-unit apartment...
PCCP, LLC has provided a senior loan to a joint venture between funds managed by Oaktree Capital Management, L.P. and Security Properties for the acquisition and renovation of River Ridge Apartments located at 17865...
Stepp Commercial completes $6.5 million sale of 16-unit apartment property in Rose Park Neighborhood...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.5 million sale of a 16-unit apartment property located at 640 Stanley Avenue in the Rose Park neighborhood of...
PCCP, LLC provides a $50.8 million senior loan for the development of a 178-unit...
PCCP, LLC has provided a $50.8 million senior loan to Pahlisch Commercial for the ground-up construction of Henley Place, a 178-unit, six-story multifamily community located on SE Main Street in Milwaukie, Oregon, a suburb...
Institutional Property Advisors brokers $82 million Inland Empire multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Foothill Ridge, a 232-unit apartment asset in Upland, California. The $82 million sales price equates to $353,448 per unit.
“Foothill Ridge...
The Jacobson Company sells 177-unit multifamily community in Kent, Washington for $52 million
The Jacobson Company, a leading private real estate investment and management company, has sold CityZen Commons, a 177-unit multifamily property in Kent, Washington, the fourth-largest municipality in greater Seattle, for $52 million. The firm initially...
Avanath Capital Management expands Southern California footprint with acquisition of a 44-unit family-oriented multifamily...
Avanath Capital Management, LLC, a multifamily owner and operator that focuses on market rate and affordable housing, announces its recent acquisition of Yorba Linda Palms (The Palms), a 44-unit family-oriented multifamily community in Yorba...
Portland smart-home startup IOTAS sells to security giant ADT
Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings.
IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
TruAmerica Multifamily acquires 156-home apartment community near Washington State capital for $54 million
TruAmerica Multifamily has acquired The Dakota, a 156-unit garden-style apartment community in Lacey, Wash., a suburb of Olympia for $54 million. The 15-year-old institutional quality asset brings the number of multifamily units in TruAmerica’s...
Institutional Property Advisors brokers sale of newly reconstructed downtown San Diego building
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Studios 435, a 86-unit apartment asset in San Diego, California. The property sold for $23.25 million, or $270,349 per unit.
“Originally...
Stepp Commercial completes $5.3 million sale of a newly renovated, 13-unit apartment property in...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.3 million sale of Casa 2055 Apartment Homes, a newly renovated, 13-unit multifamily property located at 2055 E. 3rd...
