California REALTORS urge legislature to act swiftly on SB 50 before January 31 deadline
The California Association of Realtors (CAR) issued the following statement on Sen. Scott Wiener’s Senate Bill 50, which would help address the state’s urgent housing shortage and affordability crisis:
“The California Association of Realtors’ 200,000 real estate professionals...
Close to home
At the height of the market a few years ago, reports of a firm purchasing two properties in a year's time would have registered as a mere blip on the industry radar screen. Today,...
Avanath Capital Management acquires two affordable housing communities totaling 209 units in Sterling, Virginia...
Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of a senior affordable housing community located in Sterling, Virginia and...
Residents are Moving into New Kennedy Wilson Master-Planned Residential Community Anacapa Canyon in Camarillo...
Anacapa Canyon, a new master-planned community developed by Kennedy Wilson in Camarillo, has been completed with the first residents moving in.
The newly built community represents a unique public-private partnership with California State University Channel...
Mill Creek announces groundbreaking of Modera Lake Merritt
Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Lake Merritt, a luxury mixed-use community in Oakland’s thriving Uptown neighborhood.
Situated one...
Marcus & Millichap lists and closes 91-unit Los Angeles apartment portfolio
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that Rick Raymundo and Landy Toledo listed and sold the West Coast Properties...
Institutional Property Advisors closes $59.5 million San Diego County multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Sycamore Hills Village, 155-unit multifamily asset in Vista, California. The property sold for $59.5 million, or $383,870 per unit.
“The acquisition...
LSW Architects Announces Ben Kaiser as Principal
LSW Architects is thrilled to announce the addition of internationally established mass timber architect Ben Kaiser, to the LSW team partnership.
"Ben continues to be a highly sought after resource and leader within the North...
Student housing suffers supply/demand pressures
U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...
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...
Levin Johnston directs $39 million apartment community acquisition in Haltom City, Texas
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 directed the acquisition of Spring Lake Apartments, a...
Calmwater Capital originates $28.5 million for housing near USC
Calmwater Capital, a leading national direct real estate lender, has provided $28.525 million in senior debt to an affiliate of Champion Realty Ltd, a borrowing entity owned and controlled by Bob Champion, Parker Champion...
Gelt, Inc. acquires Timber Lodge, a 390-unit value-add apartment community, for $61 million in...
Gelt Inc., a Los Angeles-based real estate investment and asset management firm, announced today it has acquired Timber Lodge for $61 million. The 390-unit value-add apartment community is located about nine miles from downtown...
KTGY Wins MHN Excellence Awards for Best Development & Design: Single-Family Rentals and Mid-Rise
KTGY, a national award-winning full-service architecture, branding, interior and planning firm focused on residential, retail, hospitality and mixed-use developments, announces that the firm won two 2023 MHN Excellence Awards for Best Development & Design.
BB...
CBRE arranges $21 million sale of 22501 Hawthorne Boulevard in Torrance, California
CBRE announced the sale of 22501 Hawthorne Boulevard, a 3.82-acre redevelopment site in Torrance, California, to Intracorp Homes, for $21 million.
The CBRE team of John Read, Greg Sullivan and Trent Steeves represented the seller,...
