Is multfamily’s future in TOD?
The citizens of Seattle have just such an opportunity by encouraging development of dynamic pedestrian-friendly neighborhoods in the areas surrounding Sound Transit's light-rail stations. Nationally, these "new" neighborhoods are called transit-oriented developments (TODs). Locally,...
Newly built, luxury apartments in Portland purchased
JLL Capital Markets announced it closed the sale of Northpointe, a 158-unit luxury multihousing property located in Portland, Oregon.
JLL represented the seller, a partnership between Fore Property Company and Principal Real Estate Investors, to...
CBRE Arranges $5M Sale of 19-Unit Crestview Apartments in Costa Mesa
CBRE announced the sale of Crestview Apartments, a 19-unit multifamily property in Costa Mesa, California to a local private investor for $5.025 million. The selling price represents $563 per square foot and $264,474 per...
SVA Architects receives three “Awards of Merit” in Gold Nugget Competition
After announcing its recent move to a larger office in Santa Ana to accommodate its growing demand, SVA Architects, Inc. is celebrating another success upon learning that it earned three 2018 Gold Nugget Awards...
Mesa West Capital originates $65 million loan to fund Los Angeles apartment acquisition
Mesa West Capital has provided Newport Beach, CA-based real estate development and investment firm Sares Regis Group with $65 million in first mortgage debt for the acquisition of a 169-unit multifamily community in Los...
R.D. Olson construction completes Chapman University student housing project
R.D. Olson Construction, an award-winning general contracting firm in California, has completed The K, a 401-bed, 123,562-square-foot student housing project for Chapman University. Designed to reflect the historic charm of Old Towne Orange, the...
Fourth Avenue Capital Acquires The Ridge Apartments in Vancouver Washington within the Portland MSA
Fourth Avenue Capital purchased The Ridge, a Class-B multifamily property located in Vancouver, Washington in an off-market transaction. Fourth Avenue Capital now owns 18 assets across its portfolio, including three other properties in the Portland MSA.
Vancouver...
Taking sides on Prop 21
The latest rent control initiative to appear on California’s ballot will be voted on this November. People and groups are now declaring where they stand on Proposition 21.
Recapping the basics
Prop 21 would allow rent...
Gov. Newsom announces plan to pay rental housing providers 100 percent of rent owed
Gov. Newsom announced his intent to pay rental housing providers 100 percent of rent that’s gone unpaid because of COVID-19.
“This is certainly welcome news, and we applaud Gov. Newsom for his commitment to making...
HFF announces $41.05M sale of 4-property multihousing portfolio in Sonoma County, California
HFF announces the $41.05 million sale of a four-property multi-housing portfolio totaling 201 units in the Sonoma County community of Rohnert Park, California.
The HFF team marketed the property on behalf of a private investor,...
Marcus & Millichap’s Institutional Property Advisors division closes San Francisco Bay Area mixed-use asset...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Village Residences, a 330-unit luxury multifamily complex with 43,206 square feet of ground-floor retail in Mountain View, California.
“Located...
Catalina Tropics Apartment Property in Los Angeles Trades for $6.35M
Catalina Tropics, a 32-unit apartment complex in Los Angeles’ Koreatown neighborhood, traded hands in a recent $6.35 mil ($198k/unit) transaction.
Built in 1955, Catalina Tropics comprises 17 studio units, 13 one-bedroom/one-bathroom units, and two two-bedroom/two-bathroom...
Trion Properties’s Latest Multifamily Disposition in Tigard, Oregon Results in a 29% IRR Portfolio
Trion Properties, a vertically-integrated, multifamily real estate investment firm based in West Hollywood, California and Miami, Florida, announces the disposition of York Apartments a 52-unit multifamily property located in Tigard, Oregon.
York Apartments is a...
Stepp Commercial completes $6.3 million sale of Washington Place, a 15-unit apartment property in...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.3 million sale of Washington Place, a 15-unit apartment property located at 401 Washington Avenue in Santa Monica, California.
Principal...
CBRE Completes Sale of Multifamily Community Near Historic Downtown Escondido California
CBRE announced the sale of a five-unit multifamily rental community in Escondido, California to a private investor for $1.41 million.
The transaction was facilitated by CBRE’s Executive Vice President Dan Blackwell and Associate Amanda Fielder,...
