TMG Partners announces Matt Field promoted to president
TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, today announces the promotion of CIO Matt Field to President with expanded responsibility for the firm’s Bay Area Region real estate portfolio. Matt...
Dunleer announces $14.75m refinancing of four-property portfolio
Dunleer LLC., a Los Angeles-based private real estate investment and development firm, announced the refinancing of four (4) assets via Freddie Mac totaling $14,750,000. This four-building portfolio is located across prime Los Angeles’ premier submarkets: Silver Lake, USC and...
Infographic: California’s circular housing crisis
"Get me a good package on rent stability this year and I will sign it," Newsom said in his State of the State address in February. This wouldn't be the first time the state...
More than 60 percent of Californians back transit-housing bill
One of the questions specifically singled out SB 50, which would change the way that California cities zone near major transit hubs, like train stations and bus lines, to encourage taller and denser housing: “A...
Does one size fit all?
Wiener offers the same basic solution for everyplace in this vast state of 58 counties and 482 cities, many of which are quite unique. Will the same tactics create significant amounts of new housing...
California’s unfixable housing mess is years in the making
Unfortunately, there aren’t many vexing issues that can be resolved in an 850-word column or a 50-word email rebuttal. Most of California’s myriad “crises” have been years in the making, and they will take...
Levin Johnston directs $20 million land sale for development of 60-unit townhome community
Levin Johnston of Marcus and Millichap, one of the top brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the $20 million sale of a 3.26-acre...
Seattle zones for affordable housing
The Seattle city council has passed, and the mayor has signed, new zoning laws that will allow higher density housing to be built in 27 Seattle neighborhoods. The plan will affect about 6 percent...
Legacy Partners recapitalizes with Collier Enterprises
Legacy Partners, a privately owned national real estate firm, announced today the recapitalization of the firm with Collier Enterprises, a private equity, real estate investment and development company located in Naples, Florida. With Legacy Partners’...
Rent control back in play in California
When California voters in 2018 soundly rejected a proposition to allow rent control to be imposed statewide, you would be excused for thinking that the issue would be considered settled for a while. If...
Benjamin Kochalski joins TMG Partners as regional partner
TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, will be opening a Silicon Valley office and expanding the team with industry veteran Benjamin Kochalski, formerly of the John Buck Company...
19-unit apartment building in prime Costa Mesa location sells for $7.2M
19@18th, a 19-unit apartment building in Costa Mesa, California, has sold for $7,200,000. The seller, 18th Street Partners, a local private investment group, was represented in the transaction by Kidder Mathews’ multifamily investment brokers,...
Universe Holdings tabs Jonathan Cohen as Chief Operating Officer
Universe Holdings has announced that veteran commercial real estate professional Jonathan Cohen has joined the firm as Chief Operating Officer to help oversee the firm’s growth and national expansion. Cohen brings a strong 30-year record...
TruAmerica acquires multifamily communities in Denver and Orlando in separate transactions totaling $126 million
TruAmerica Multifamily has acquired in separate transactions, Loretto Heights, a 312-unit apartment community in Denver, CO for $72.25 million and Legends at Lake Mary, a 272-unit apartment community in Orlando, FL for $54 million. Following...
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...
