Tuesday, April 23, 2024

Pacific region

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

The Aries

New Bellwether Housing Project The Aries Brings 200 Affordable Apartments to Seattle’s Bitter Lake...

Bellwether Housing and the Evergreen Impact Housing Fund (EIHF) are pleased to announce the opening of The Aries at Bitter Lake, bringing 200 affordable apartments to the North Seattle community. The Aries is the first...
2851 Boston Ave

2851 Boston Ave. apartments in San Diego, California purchased

JLL Capital Markets announced that it closed the $2.4 million sale of 2851 Boston Ave., a nine-unit apartment community located in the Barrio Logan submarket of San Diego, California. JLL represented the seller, WLA Investments...
MHN Excellence Awards

KTGY Wins MHN Excellence Awards for Best Development & Design: Single-Family Rentals and Mid-Rise

KTGY, a national award-winning full-service architecture, branding, interior and planning firm focused on residential, retail, hospitality and mixed-use developments, announces that the firm won two 2023 MHN Excellence Awards for Best Development & Design. BB...
The Lakes Apartments

Institutional Property Advisors brokers Eastside Seattle multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Lakes Apartments, a 265-unit multifamily property in Bellevue, Washington. The sale was brokered by IPA’s Giovanni Napoli, Philip Assouad,...
Edgeway

Colliers Structured Finance Group Closes $27.8M Refinancing for Edgeway Apartment Community in Bellflower California

The Colliers Structured Finance Group (SFG) has closed a $27,765,000 Fannie Mae loan for the refinancing of Edgeway, a 91-unit multifamily property in Bellflower, California. The loan is priced at 5.5% for 5 years and...
California Commercial

California Commercial Investment Group Acquires 19-Acre Site in Los Angeles Area for $30M to...

JLL announced that California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills, California for $30 million. California Commercial Investment Group will...
533 Kirkham West Oakland

Tidewater Capital Receives Final Approvals on 289-Unit Project in West Oakland and 381-Unit Project...

Tidewater Capital (“Tidewater”), a San Francisco-based real estate investor and developer focused on the Bay Area, received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a...
Prado

Joint Venture of PCCP, LLC and Alliance Residential Acquires 251-Unit Apartment Property Prado in...

A joint venture of PCCP, LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community located at 3560 Rambla Place in Santa Clara, California for $125 million ($498,000 per unit). “PCCP is pleased...
Northgate Apartments

Kidder Mathews Sells 121-Unit Apartment Building for $19M in Seattle’s Northgate Neighborhood

Northgate Apartments, a former senior living facility totaling 121 units in Seattle, Washington sold Wednesday this week for $19M. The sale was fully marketed by Kidder Mathews’ Simon and Anderson team. The property was...
Vanowen Collection

Stepp Commercial completes $3.5 million sale of Vanowen Collection, an 18-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.5 million sale of Vanowen Collection, an 18-unit apartment property located at 12715 to 12719 Vanowen Street in North...
The Pearl on Wilshire

Institutional Property Advisors closes luxury mixed-use asset sale in LA’s Koreatown

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Pearl on Wilshire, a seven-story, 346-unit multifamily property with 7,813 square feet of retail on Wilshire Boulevard in Los Angeles’ Koreatown neighborhood. The complex sold for $170,875,000, which represents $493,858 per apartment unit. “Over the...

Airbnb loses huge battle

The ruling by a three-judge panel of the Ninth Circuit is a setback for the home-sharing platforms in their effort to avoid regulation by cities that blame the rapid proliferation of short-term rentals for...
The Glendon Apartments

The Kanner Group completes $11.55 million sale of The Glendon Apartments, a 27-unit trophy...

Matthew Kanner, Executive Managing Director of Keller Williams Commercial & President of The Kanner Group, is pleased to announce the completion of the $11,550,000 sale of The Glendon Apartments, a 27-unit apartment building located at...
Seth Heikkila

Seth Heikkila returns to JLL Capital Markets’ multihousing team

JLL Capital Markets announced that Seth Heikkila has re-joined the firm’s multihousing team as a Senior Director in the Seattle office. He will focus on multihousing debt advisory. "We are thrilled to welcome Seth to our team....
Atrium Court

Trez Capital, Amazon and Others Finance Affordable Housing Project Atrium Court in Seattle

A groundbreaking celebration was held for Atrium Court at 7324 Martin Luther King Jr. Way S. in Seattle's Othello neighborhood. Atrium Court will create 271 units of affordable workforce housing, 80 jobs, and ground-level...
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