Monday, May 6, 2024

Pacific region

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

Levin Johnston directs two multifamily transactions totaling $23.4 million in California’s high-demand east bay...

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 sale of two multifamily communities...

Fore Property strengthens its Southern California presence with opening of two new multifamily communities

Fore Property (Fore), one of the country’s top 20 largest multifamily developers, today announced the formal opening of two new multifamily communities: Arte in Rancho Cucamonga and Las Positas in Camarillo. Developed and constructed...

JLL arranges $34M financing for 7EMPIRE in San Jose, California

JLL announced that it has arranged $34 million in debt financing for the development of 7EMPIRE, a 97-unit, Class A, art-focused multihousing community in the Silicon Valley core. JLL worked on behalf of the developer,...

Dekel Capital arranges financing for development of multifamily community in South Gate, CA

Dekel Capital, on behalf of JPI, has arranged preferred equity and construction financing in excess of $80 million for the construction of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate, CA. Jefferson...

Levin Johnston directs two property trades totaling $12.3 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 sale of two apartment communities—one...

Stepp Commercial completes $1.82 million sale of a 8-unit apartment property on the Eastside...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $1.82 million sale of an eight-unit apartment property located at 1746 E. 10th Street in Long Beach. The...

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...

Sunroad Enterprises hires multifamily real estate industry leader David Dufenhorst

Sunroad Enterprises, a San Diego-based real estate investment and development company, announces that David Dufenhorst has been hired as President of Sunroad Real Estate Investments. As President, David will lead Sunroad’s rapidly growing multifamily real...

Oregon revamps its housing laws

The governor of Oregon is expected to sign into law several bills to address housing issues in the state. Two bills, HB 2001 and HB 2003 have the potential to transform Oregon’s neighborhoods. Eliminating single-family...

Twin-tower development site in Denny Triangle sells for $72 million

A multifamily development site, located at 1901 Minor Avenue in Seattle, Washington, has been purchased by Concord Pacific, a Canadian residential developer, for $72 million. Kidder Mathews commercial real estate brokers, Ross Klinger and...

Ground has broken on Pivot, a mixed-use project on Capitol Hill

Ground has recently broken on Pivot, a mixed-use project located at the convergence of Downtown Seattle and Capitol Hill’s thriving Pike/Pine neighborhood, developed by Vibrant Cities With an eye toward the auto-row history of Capitol...

RISE Properties Trust and Aegon Real Assets US acquire Waterbury Park Apartments in Federal...

RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US (“Aegon RA”), an indirect wholly owned subsidiary of Aegon N.V., a multinational life insurance, pensions and asset...

Parkview Financial provides $15.91 million construction loan for a new six-story, 65-unit project in...

Parkview Financial announced today it has provided a $15.91 million construction loan to St Andrews Place, LLC, a Los Angeles-based private developer, for the development of a six-story, 65-unit apartment property in the Koreatown...

Infographic: Unsustainable California

5 reasons California is unsustainable in its current state 1. Rent control Several rent control bills failed to make it through the California Senate. AB 1482 (anti-rent gouging bill) did clear the Senate judiciary committee. If...

FCC blocks part of San Francisco’s first-in-nation broadband law

The Federal Communications Commission voted to preempt part of a San Francisco city law that prevents property owners from denying internet service providers access to existing wiring within multiunit buildings. The provision of the San...
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