Thursday, March 28, 2024

Pacific region

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

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...
Longfellow Corner

SVA Architects and RCD Prep for Construction of Affordable Housing Project Longfellow Corner in...

In its first development with Berkley-based Resources for Community Development (RCD), SVA Architects is pleased to advance design for much-needed affordable housing in Northern California. Located in Oakland at the northwest corner of Martin...
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...
Astoria Oaks

Stepp Commercial completes $6.4 million sale of a 29-unit apartment property in Sylmar, California

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.4 million sale of Astoria Oaks, a 29-unit apartment property located at 13983 Astoria Street in Sylmar, California. Stepp Commercial’s...
The Pearl on Wilshire

Cityview sells equity share of Koreatown’s “The Pearl on Wilshire” to a group led...

Cityview, a premier urban multifamily investment management and development firm, today announced the sale of its equity share of The Pearl on Wilshire—a luxury mixed-use development in Los Angeles’ Koreatown. Cityview developed the 346-unit...
Bentley House

Institutional Property Advisors completes Eastside Seattle luxury apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bentley House, a condo-quality apartment property in Issaquah, Washington. “Seattle’s Eastside is experiencing the largest job growth in the region with...
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...
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...

CBRE appoints Leah C. Stearns as chief financial officer

CBRE Group, Inc. announced that Leah C. Stearns will join the company as Chief Financial Officer (CFO). Stearns, who assumes her new role on May 15, was previously Senior Vice President and CFO for...

Wood Partners announces grand opening of Alta Waverly in Oakland, California

Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its newest luxury residential community—Alta Waverly—in Oakland, California. Providing brand new and contemporary living with street-level retail in...

NMHC and NAA Statements on the Passage of Oregon Rent Control Legislation

Today, the Oregon State House passed SB 608, a bill that creates a new statewide rent control law. The measure now goes to Governor Kate Brown’s desk. Following is a statement from Doug Bibby, President...
california housing

New governor takes on California housing

Addressing the state’s problem with housing was a focus of both Gavin Newsom’s inaugural address as California’s governor and of his first state budget proposal. The governor speaks The headlines from Governor Newsom’s inaugural address often...
1206 Gladys Avenue

Stepp Commercial Group completes $2.65 million sale of an 8-unit apartment property in Long...

Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.65 million sale of an eight-unit multifamily property located at 1206 Gladys Avenue in Long Beach, Calif. Robert Stepp,...
Gateway at Millbrae Station

JLL raises $335.6 million in capital for Bay Area mixed-use project

JLL announced today that it has raised capital totaling $335.6 million for the development of Gateway at Millbrae Station, a transit-oriented, mixed-use residential and office property adjacent to the Millbrae BART and Caltrain Stations...
Retreat at Thousand Oaks

Institutional Property Advisors Brokers $171M Ventura County Multifamily Portfolio Sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the $171.25 million sale of a two-property, 399-unit multifamily portfolio in Thousand Oaks, California within Ventura County. The properties are Los...
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