Gelt, Inc. buys 164-unit apartment community in Gresham, Oregon for $30 million
Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Silverwood Apartments for $30 million. The 164-unit property is located at 4777 SW 11th St.,...
Knighthead Funding LLC provides $20.9 million for multifamily Community in Tacoma, Washington
Knighthead Funding LLC has provided a $20.9 million loan for the construction of an eight-story, 115-unit multifamily building in Tacoma WA.
The Sponsor is a single purpose entity formed by three local investors who have...
Stepp Commercial completes $6.3 million sale of a 16-unit apartment property in the 4th...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of a 16-unit apartment property located at 445-455 Rose Avenue in the 4th Street / Retro...
Yardi acquires coworking technology firm Phoenix Broadband Ltd.
Yardi announced today the acquisition of Phoenix Broadband Ltd., an innovative business technology firm specializing in infrastructure and hardware solutions for shared workspaces. Based in Stirling, Scotland, Phoenix Broadband is known for its Medusabusiness brand....
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...
TruAmerica acquires $97 million apartment communities in Las Vegas and Atlanta
TruAmerica Multifamily (in partnership with an institutional partner) has acquired a two-property, 608-unit apartment portfolio of assets in the Las Vegas and Atlanta metros in an off-market transaction valued at $96.8 million.
TruAmerica in joint...
130-unit Vista Del Rey Apartment complex sells for $25.7 million to VDR Investment Homes
VDR Investments Homes LLC has purchased Vista Del Rey, a 17-story, 130-unit apartment complex, located at 319 N. Tacoma Avenue in Tacoma, Washington, for $25.7 million. Commercial real estate broker, Tyler Stanek, a vice...
Trion Properties successfully sells two upgraded west coast multifamily assets totaling 108 units
Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments along the west coast, recently sold two renovated multifamily communities totaling 108 units in Los Angeles, California, and Beaverton, Oregon,...
Dekel Capital arranges $47.8 million construction loan for multifamily community in Koreatown
Dekel Capital, on behalf of Los Angeles-based CGI Strategies, has arranged $47.8 million in non-recourse construction financing for the development of a 200-unit multifamily community in Los Angeles’ Koreatown neighborhood.
The loan, which was provided...
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...
CGI Real Estate Investment Strategies announces Kasia Mays as first chief operating officer
CGI Real Estate Investment Strategies has named luxury hotel industry veteran Kasia Mays as Chief Operating Officer, furthering its commitment to building a multifamily brand that places emphasis on lifestyle and hospitality, announced company...
$26.9 million financing arranged for multihousing development in San Diego
JLL Capital Markets announced that it has arranged the $26.9 million construction financing for Onyx on Park, a 61-unit, urban infill multihousing community located in the Hillcrest neighborhood of San Diego, California.
JLL represented the...
West coast story
“It’s a great time to own apartments on the West Coast,” said Essex President and CEO Michael Schall during his company’s presentation at the Citiglobal Property CEO conference held this March in Hollywood, Fla.,...
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...
Sack Properties promotes David Feinberg to chief investment officer
Sack Properties (Sack), a San Francisco-based real estate investment and management firm with a $750 million portfolio of nearly 2,500 multifamily units throughout the west coast, announced today the promotion of David Feinberg to...
