Thursday, March 28, 2024

Pacific region

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

The Lakes Apartments

Levin Johnston completes $31.5 million sale of 102-unit multifamily community in Concord, California

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, announces its most recent multifamily transaction: the $31.5 million...
THEA at Metropolis

JLL completes acquisition financing of ultra-luxury Downtown Los Angeles multihousing tower

JLL Capital Markets announced that it has arranged the acquisition financing for THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multihousing community located in Downtown Los Angeles. JLL worked on behalf of the new owner to...
4118 Elm Avenue

Stepp Commercial completes $6.64 million sale of a 22-unit apartment property in Bixby Knolls...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.64 million sale of a value-add 22-unit apartment property located at 4114 to 4118 Elm Avenue in the Bixby...
San Gorgonio Way

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...
Appletree Apartments in Campbell, California

Interstate Equities Corporation Acquires 253 Rental Units Across Three Multifamily Communities in The Bay...

In a series of multifamily real estate purchases Interstate Equities Corporation (IEC) is pleased to announce that it has finalized three acquisitions totaling about $68 million. “All three of these communities have the potential to...
Moss Street Townhomes

Shopoff Realty Investments Sells Fully Entitled 141-Unit Townhome Development in Chula Vista

Shopoff Realty Investments announced that the company has successfully sold its 141-unit Moss Street Townhome project to Shea Homes. The 6.94-acre property is located in Chula Vista, California at the intersection of Moss Street and Industrial...
Theresa Cordero

Sunrise Management names new president

San Diego-based Sunrise Management—a California-focused property management firm—has announced the promotion of longtime company executive Theresa Cordero to president. Cordero, who has worked for Sunrise since 1991, was elevated to president from the position of...

San Fernando Valley apartment complex trades hands at $45 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cielo Apartments, a 119-unit multifamily property in Chatsworth, California. The $45 million sales price equates to more than $378,000 per...

Should smoking be banned in apartments?

The new rule will affect complexes located in unincorporated areas of Marin County. Marin itself was recently named the healthiest county in California by a report from the University of Wisconsin Population Health Institute...
East Highland Apartments

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...
Woodbrook

Institutional Property Advisors brokers suburban Seattle multifamily asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Woodbrook, a 100-unit apartment property in Everett, Washington. The property sold for $31.3 million, which represents $312,750 per unit. “Located in...

California Assembly passes innovative legislation to enable landlords and tenants to assist persons at...

Today, the California State Assembly voted 75 - 0 to pass Assembly Bill (AB) 1188, authored by Assembly member Jesse Gabriel (D – San Fernando Valley), which would make it easier for both landlords...

MBK Rental Living and R.D. Olson construction team up on 330-unit luxury apartment project...

MBK Rental Living and R.D. Olson Construction announce the groundbreaking of Artesa at Menifee Town Center, a Spanish mission-style apartment community located in the heart of Menifee. Offering urban-style living in a small-town setting, the...

$91.5 million Northern California apartment asset sold by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Sora Apartments, a 250-unit multifamily asset in Union City, California. The property sold for $91.5 million. “Sora’s location near the...
Monroe Apartments

Dunleer sells 8-unit apartment property for $3.31 million in Silver Lake submarket

Dunleer, a Los Angeles-based private real estate investment and development firm, today announced the $3.31 million sale of The Monroe Apartments & Bungalows, a two-building, eight-unit apartment property located at 4018 Monroe Street in the...
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