76-unit multifamily community sells for $16.5 million in Sacramento
Transwestern Real Estate Services (TRS) announces the sale of The Hawthorne Apartments, a 76-unit multifamily community at 5820 Sutter Ave. in Carmichael, California. Transwestern’s Shivu Srinivasan, Robert Dau, Dante Giacomini and Connor McGarty represented...
Stepp Commercial completes $5.04 million sale of a 21-unit apartment property in Long Beach
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.04 million sale of a 21-unit apartment property located at 1505 E. 11th Street in Long Beach, California.
Stepp Commercial’s...
Institutional Property Advisors closes Coastal Southern California multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bay Inn Apartment Homes, a five-building, 80-unit apartment property in San Diego, California. The asset sold for $28.1 million, or...
Ridge Capital acquires 444-unit San Francisco Bay Area multifamily portfolio
Ridge Capital Investors, LLC (Ridge) in joint venture with Contrarian Capital Management and Andell Holdings has acquired in an off-market transaction a two-property, 444-unit multifamily portfolio with assets located in the San Francisco East...
Marcus & Millichap arranges $49.5 million Los Angeles metro multifamily asset sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Rolling Hills Apartment Homes, a 107-unit apartment complex in Torrance, California....
Levin Johnston completes sale of 24-unit multifamily community in one of San Jose’s most...
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 sale of...
Champion Real Estate Company sells student housing community near University of Southern California for...
Champion Real Estate Company (Champion), announced that it has sold Victory on Ellendale, a 24-unit, 96-bed student housing community in Los Angeles to an undisclosed buyer for $20.5 million. Champion acquired the property in...
SB Real Estate Partners acquires Bridge Creek Apartments in Vancouver, Washington for $75 million
SB Real Estate Partners (SBREP) has acquired Bridge Creek Apartments, a 270-unit garden style multifamily community in the Portland, OR submarket of Vancouver, Washington for $75.0 million. The property will be rebranded as Portola...
California rolls out organic waste law
A key component of a new California law that will forever change how residents and businesses sort their food scraps and landscaping trimmings took effect Jan. 1 and, so far, Orange County cities are...
Stepp Commercial completes $6.3 million sale of a 16-unit apartment property in the 4th...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of a 16-unit apartment property located at 445-455 Rose Avenue in the 4th Street / Retro...
California seeks to bind landlords – Update
A new law working its way through the California legislature would make it more difficult for owners of rent-controlled properties in the state to remove those properties from the rental market.
***Update***
The bill's sponsor, Alex...
Standard Communities leads public-private partnership transitioning 230 market rate units to middle-income housing in...
Standard Communities, a leading affordable housing investor and developer,has led a public-private partnership that acquired Millennium South Bay Apartments, a 230-unit community in Hawthorne, Calif., utilizing California's innovative public-private partnership structure designed to facilitate...
BRIDGE Housing names new EVP and chief of staff Thuong Luong
Thuong Luong joins BRIDGE Housing as Executive Vice President and Chief of Staff, effective January 31, 2022. BRIDGE is a leading nonprofit developer, owner and manager of affordable housing in California, Oregon and Washington.
In...
Gelt, Inc. acquires Volta on Pine, a newly developed 271-unit apartment property in downtown...
Gelt, Inc. is pleased to announce it has acquired Volta on Pine for $156 million. The 271-unit, Class A apartment community is located at 635 Pine Avenue in downtown Long Beach, CA.
“Volta on Pine...
Standard Communities promotes Jessica Mackenzie to senior director, capital markets
Standard Communities, a leading affordable housing investor and developer, has promoted Jessica Mackenzie to Senior Director of Capital Markets.
In her new position, Mackenzie is responsible for the structuring and closing of Standard Communities’ transaction...
