CBRE Trades 12-unit Ebtide Apartments in Costa Mesa for $5.75M
CBRE arranged the sale of a 12-unit multifamily property, Ebtide, in Costa Mesa for $5.75 million to a private investor. The selling price represents $753 per square foot and over $479,000 per unit. It...
Universe Holdings acquires three-property multifamily portfolio in Granada Hills for $25.5 million
Universe Holdings has acquired a 122-unit multifamily portfolio in Granada Hills, CA for $25.5 million.
The purchase of the 56-unit Boardwalk and Park Place Apartments, the 38-unit Devonshire Apartments and the 28-unit Granada Pine Apartments...
Avison Young completes $16.76-million portfolio sale of two value-add apartment properties totaling 72 units...
Avison Young, the world’s fastest-growing commercial real estate services firm, announced today it has completed the $16.76-million portfolio sale of The Riviera and Rainbow Gardens, two nearby apartment properties totaling 72 units in Azusa,...
Next Wave acquires 180-unit value-add multifamily community in Gresham, Oregon for $34 million
Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has announced its acquisition of The Nash, a 180-unit multifamily community in the Portland metro submarket of Gresham, Oregon,...
East Highland apartments in Seattle’s Capitol Hill Neighborhood trades for $5.6 million
Seattle multifamily investment team, led by Dylan Simon and Jerrid Anderson of Kidder Mathews, closed the sale of the East Highland Apartments on Friday, December 20, 2019. The property, located in the vibrant north...
Stepp Commercial completes $4.69 million sale of a 14-unit apartment property in Alamitos Beach...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $4.69 million sale of a 14-unit apartment property located 1429 Florida Street in the Alamitos Beach submarket of...
CBRE Arranges Sale of 10-Unit Multifamily Property on San Gorgonio Way in Palm Desert...
CBRE announced the sale of a 10-unit multifamily property on San Gorgonio Way in Palm Desert, California to a private investor for $2.2 million. The selling price represents $220,000 per unit and $264 per...
Next week’s interest-rate decision: How could the Federal Reserve act—and why?
Dwight Johnston, chief economist for the California Credit Union League, made the following comments on next week’s Federal Reserve announcement of short-term monetary policy decisions (interest rates) through its Federal Open Market Committee (FOMC)...
Institutional Property Advisors Closes Los Angeles Mixed-Use Multifamily Asset Sale for Cobalt Apartments
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cobalt Apartments, a 135-unit multifamily property with 14,754 square feet of ground floor retail in the West Los Angeles-Culver City...
160-unit multifamily community trades for $25 million in Sacramento
Transwestern Real Estate Services (TRS) announces the team of Shivu Srinivasan, Robert Dau, Dante Giacomini and Connor McGarty represented both parties in the sale of Park Knoll Apartments, a 160-unit multifamily community at 10680...
The Mogharebi Group brokers $41.25 million sale of 118-unit senior housing portfolio in San...
The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, Calif.
Built in 2001 and 2003 by ROEM, Monte...
Stepp Commercial completes $41.85 million sale of a 17-property apartment portfolio in Long Beach,...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has the completed the $41.85 million sale of an apartment property portfolio in Long Beach, Calif. The deal consisted of 17 properties...
Wood Partners announces groundbreaking of Alta Civic Station in Gresham, Oregon
Wood Partners, a national leader in multifamily real estate development and acquisition, recently broke ground on their newest luxury residential community—Alta Civic Station—in Gresham, Oregon.
The new residential community is located at 1699 NW Civic...
Alta Housing strengthens management team with hire of Marc Garcia as CFO
Alta Housing, a community-based, affordable housing developer, announces the hiring of Marc Garcia as Chief Financial Officer. Garcia has two decades of financial and accounting experience in real estate. Most recently, Garcia served as...
Concord Capital Partners acquire historic West Hollywood property for $17.275 million
Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood for $17.275 million.
The four-story, 43,000-square-foot multifamily property is located at 1354 N. Harper Avenue,...
