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,...
The Mogharebi Group Secured $30M Sale of The Victor Multifamily Community in Fresno County
In the largest multifamily transaction to close in Fresno in nearly two years, The Mogharebi Group has successfully secured the sale of The Victor, a 232-unit multifamily community for close to $30 Million.
Senior Vice...
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...
Northmarq Arranges $24M Loan on Fremont City Center Multifamily Community Near San Francisco
Northmarq’s San Francisco Debt + Equity team arranged $23.9 million in financing for the purchase of Fremont City Center, a 122-unit garden-style apartment community in Fremont.
The team was led by managing director Nate Prouty...
Marcus & Millichap Closes $46.95M Napa Valley Multifamily Sale Creekside Park
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Creekside Park I and II, a 188-unit, two-property multifamily portfolio in...
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...
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...
Legado Companies and Gantry Secures $128M in Construction Financing for Legado at the Met...
Legado Companies and Gantry, the largest independent commercial mortgage banking firm in the U.S., have obtained $128 million of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado...
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...
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...
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...
CBRE Arranges All-Cash Sale of 8-Unit Multifamily Property on Bermuda Street in Long Beach...
CBRE announced the sale of an eight-unit multifamily property located on Bermuda Street in Long Beach, California to a private investor for $2.7 million. The selling price represents $337,500 per unit and $323 per...
Cityview Completes 378-Unit Multifamily Project Portico in Oakland’s Brooklyn Basin
Cityview, a premier multifamily investment management and development firm, has completed Portico – a 378-unit multifamily project in Oakland, California. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn...
