Why millennials are (partly) to blame for the housing shortage
The rush of young people to U.S. cities over the past few years is partly to blame for America’s worsening housing shortage.
In some of the country’s largest and most prosperous markets, such as New...
$28 million multifamily asset sold in 1031 Exchange
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Vio Costa Mesa, an 84-unit multifamily property in Costa Mesa,...
Northern California seniors housing asset sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Almond Heights Senior Living, a 117-unit assisted living and memory care facility in Orangevale, California.
“Opened in September 2015, Almond...
Stepp Commercial completes $2.37 million sale of eight-unit apartment property in Hollywood’s Media District
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $2.37 million sale of an eight-unit apartment property located in the heart of Hollywood’s Media District at 842...
Joint venture of PCCP, LLC and Intracorp to develop two for-sale townhouse projects totaling...
PCCP, LLC announced today it has formed a joint venture with Intracorp for the ground-up development of two, for-sale townhouse projects totaling 129 units within the Puget Sound region. The portfolio includes Kelkari, a...
Dunleer sells The Abbott, a six-unit apartment property in Highland Park neighborhood of L.A.,...
Dunleer, a Los Angeles-based private real estate investment and development firm, announced the $2.375 million sale of The Abbott, a fully occupied six-unit apartment property located at 400 N Avenue 54 in the Highland...
Stepp Commercial Group completes $7.165 million sale of a newly renovated 18-unit apartment property...
Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.165 million sale of Park Villa Apartment Homes, an 18-unit multifamily property located at 1761 Park Avenue in...
Decron Properties acquires Rancho Luna Sol in Fremont, California for $71.5 million
Decron Properties has acquired Rancho Luna Sol, a 188-unit multifamily community in Fremont, CA for $71.5 million.
With its acquisition of Rancho Luna Sol, Decron increased its regional portfolio to 1,054 units over six properties....
Thayer Manca Residential adds new property to Washington portfolio
Thayer Manca Residential (TMR) acquired Roosevelt Ridge, a 75-unit property, located in the Pinehurst neighborhood in Seattle, Wash. This is the sixth asset in TMR’s rapidly growing Washington portfolio, which also includes Capitol Heights...
Rare East King County apartment building sells for $9 million
Calabria, a multifamily property located at 2000 NW Talus Drive in Issaquah, Washington, has sold for $9,000,000 ($450,000 per unit) to a local apartment investor, Fourth Avenue Capital. The seller, Pacifica Companies out of...
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...
The Mogharebi Group brokers $9.25 million sale of 92-unit multifamily community in Monterey County,...
The Mogharebi Group (TMG) has arranged the $9.25 million sale of Plaza Grande, a 92-unit multifamily community in Salinas, Calif. TMG represented the Monterey-based developer-owner of the fully occupied affordable housing community in its...
Granada Hills Townhomes trade hands at $21.5 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Granada Pointe Townhomes, a 52-residence multifamily asset in the Granada...
Institutional Property Advisors brokers North Los Angeles county multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Summit at La Crescenta, a 92-unit apartment complex in La Crescenta-Montrose, California. The property sold for $34,525,000, which...
Financing arranged to develop Class A seniors housing community
JLL Capital Markets announced it arranged financing for the Lodge at Piner Road, a 92-unit seniors housing development located in Santa Rosa, California, part of Sonoma County.
JLL represented the borrower, Blue Mountain Enterprises and...
