Sunday, April 28, 2024

Pacific region

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

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...

Levin Johnston directs two property sales totaling $23.45 million in the California East Bay...

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 two property sales totaling $23.45 million...

Trion Properties sells 97-unit multifamily community in San Diego, California

Trion Properties, a private equity real estate firm that specializes in multifamily investments, has sold Willow Glen Apartments, a 97-unit multifamily community located in the rapidly growing Rolando/College Area submarket of San Diego, California,...

North County San Diego apartment asset trades at $19.5 million

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Villa Capri, a 98-unit multifamily property in Escondido, California. The sales price is $19.5 million. “The property is a well-maintained apartment...

Lakeview Land Partners purchases 34 Units Near UC Berkeley

Lakeview Land Partners, an Oakland based multifamily housing investment company has purchased The Bishop Berkeley Apartments, a 34-unit apartment complex located at 2709 Dwight Way in Berkeley CA. The Bishop Berkeley Apartments are located at...

Northern California seniors housing asset sale brokered by IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Almond Heights Senior Living, a 117-unit assisted living and memory care facility in Orangevale, California. “Opened in September 2015, Almond...
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