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...
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...
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...
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...
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,...
Tanzanite Homes Bringing 211 New BTR Single-Family Rentals to the Sacramento Market
Tanzanite Homes is the City of Sacramento’s first Build-To-Rent (BTR) single-family home community and the first to add a mix of Accessory Dwelling Units (ADU.) It is located in the Natomas neighborhood, featuring 211...
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...
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...
CW Driver Completes $37.8M Begonia Place in the Temple City Neighborhood of Los Angeles
C.W. Driver Companies, a leading builder serving California since 1919, announced the completion and opening of Begonia Place in Temple City, a neighborhood northeast of Los Angeles. The $37.8M mixed-use residential project is the...
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...
Kidder Mathews welcomes Cushman & Wakefield Executive Managing Director Ric Russell in San Francisco
Ric Russell has joined Kidder Mathews in San Francisco as Executive Vice President and Shareholder. He brings over 35 years of experience specializing in the sale of multifamily properties and residential development projects throughout...
Tower 16 Capital Partners announces the sale of Hillside Village Apartments for $16.5 million
Tower 16 Capital Partners has sold Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $16.5 million. The property was purchsed in January 2019 for $11 million in an off-market transaction. Tower...
Archway Equities and Virtú Investments Acquire Luxury Apartment Community in San Jose, California for...
A joint venture of Archway Equities and Virtú Investments has acquired The James, a 190-unit Class A Apartment Community in downtown San Jose, California for $74.25 million.
The James represents Archway’s second significant multifamily investment...
Dana Brody joins Marcus & Millichap as Senior Vice President Investments
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced today that Dana Brody has rejoined the firm as a senior vice president investments...
Institutional Property Advisors closes Hollywood apartment asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Scout off Sunset, 136-unit apartment property in the Hollywood neighborhood of Los Angeles, California.
“During our marketing and escrow period we...
