Student housing suffers supply/demand pressures
U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...
$12.6 million in construction financing secured for San Diego multihousing project
JLL Capital Markets announced that it secured $12.6 million in construction financing for a multihousing development located in the Golden Hill neighborhood in San Diego, California.
JLL worked on behalf of the borrower, Darnell Capital...
Permanent financing secured for San Diego Class A apartments
JLL Capital Markets announced that it has arranged $33 million in permanent financing for the Cielo Apartments, a 70-unit, Class A, mid-rise multihousing property located in the Little Italy neighborhood of San Diego, California.
JLL...
Levin Johnston completes $31.5 million sale of 102-unit multifamily community in Concord, California
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, announces its most recent multifamily transaction: the $31.5 million...
$43.5 million in construction financing secured for 190-unit multihousing community in San Diego
JLL Capital Markets has arranged $43.5 million in construction financing for the development of 4135 Park Blvd., a 190-unit, mid-rise, mixed-use multihousing project located on the border of the North Park and Hillcrest submarkets...
Avison Young brokers $8 million sale of a 24-unit, rent control apartment property in...
Avison Young announced it has brokered the $8 million sale of a 24-unit rent control apartment property located at 1820 El Cerrito Place in Los Angeles.
Avison Young’s Peter Sherman, John Tronson and Steven Tronson...
Orange County gets big, new addition
In November 2018, the Samueli Family, owners of the Anaheim Ducks purchased 10 acres of city-owned parking lots adjacent to Honda Center and finalized an agreement with the City of Anaheim, committing the Ducks...
Marcus & Millichap completes $39 million Bay Area apartment sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Huntwood Terrace Apartments, a 104-unit institutional-quality multifamily property located at 29200...
Multihousing development near Seattle secures $15 million subordinate loan from The Amazon Housing Equity...
JLL Capital Markets announced that it has arranged the $15 million subordinate loan from The Amazon Housing Equity Fund for the acquisition of 192 Shoreline, an affordable, 250-unit, mid-rise multihousing development in the suburban...
The Mogharebi Group brokers the $12.2 million sale of a 24-unit multifamily community in...
The Mogharebi Group (TMG) representing the seller has arranged the $12.2 million sale of The Wilson Townhomes, a 24-unit development in the Orange County community of Costa Mesa, Calif. The buyer of the fully...
$13.1 million in refinancing secured for San Diego multihousing project
JLL Capital Markets announced that it has arranged $13.1 million in the permanent refinance of Blend-SD, a 54-unit, urban-coastal multihousing community located in the Linda Vista neighborhood of San Diego, California.
JLL represented the borrower,...
Stepp Commercial completes $4.375 million sale of a 13-unit apartment property in Eastside Long...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.375 million sale of a 13-unit apartment property located at 907-927 Grand Avenue in the Eastside submarket of Long...
Institutional Property Advisors negotiates Inland Empire multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ReNew Riverside, a 128-unit apartment complex in Riverside, California. The property sold for $35.35 million, which equates to $276,171 per...
The Mogharebi Group brokers sale of 108-unit multifamily community in Palm Springs, California for...
Multifamily brokerage firm The Mogharebi Group (TMG), representing a private investor based in Salt Lake City, Utah has successfully brokered the sale of a 108-unit apartment community in Palm Springs, Calif. for $19.7 million.
Built...
Institutional Property Advisors closes six-property multifamily portfolio sale in Westside Los Angeles
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Venice-Mar Vista Portfolio, a six-property, 99-unit multifamily portfolio in the Westside region of Los Angeles, California. Following a brief...
