Sunday, May 12, 2024

Pacific region

Pacific region includes: Alaska, California, Hawaii, Oregon and Washington

Gramercy Hollywood

Stepp Commercial completes $10.7 million sale of Gramercy Hollywood a 28-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $10.7 million sale of Gramercy Hollywood, a 28-unit apartment property located at 1836 N. Gramercy Place in one of...

Housing block

California’s builders and YIMBYs are at loggerheads over a bill cracking down on ‘unchecked sprawl.’ Activists who would like to see more housing built and people who build housing for a living would seem...
Ebtide

CBRE Trades 12-unit Ebtide Apartments in Costa Mesa for $5.75M

CBRE arranged the sale of a 12-unit multifamily property, Ebtide, in Costa Mesa for $5.75 million to a private investor. The selling price represents $753 per square foot and over $479,000 per unit. It...
Fox Meadows Apartments

Fox Meadows in Tualatin sells for $19.35 million

Kidder Mathews is pleased to announce that it has closed the sale of the Fox Meadows Apartments—a 95-unit garden-style community located in Tualatin, Oregon—for $19,350,000. Kidder Mathews multifamily investment brokers Tyler Linn, Jordan Carter, and...

Levin Johnston successfully directs over $360 million in 1031 exchange transactions this year to...

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, recently directed the sale of a mixed-use property featuring...
Lincoln Village

The REMM Group Twice Awarded Management of Lincoln Village Apartment Community

The REMM Group is pleased to announce that it has been awarded the management contract for Lincoln Village Apartment Community for the second time. "We are excited to return to Lincoln Village Apartment Homes and...
The Duo Apartments

Berkadia Arranges $21.5M Loan for Acquisition of The Duo Apartments Near University of Pugent...

Berkadia announced that it has secured financing for the acquisition of The Duo Apartments, a brand new 104-unit, Class A multifamily community located in University Place, a suburb of Tacoma, Washington. Director Michael Manolides and...

A defeat for transit oriented development

When we last discussed the fate of California’s housing bill, SB50, it was being put in suspense with the idea that it would be brought up again later. Well, later has arrived and the...
453 S. Gramercy Place

14-unit multifamily building trades for record price per SF during safer-at-home order

Transwestern Real Estate Services (TRS) announces it has brokered the sale of 453 S. Gramercy Place, a newly renovated, 14-unit multifamily building in the Koreatown submarket of Los Angeles. Managing Directors Josh Kaplan and...
Serena Vista

San Diego County multifamily asset sold by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Serena Vista, a 110-unit multifamily asset in the San Diego submarket of La Mesa, California. The property sold for...
Watershed

New Evergreen Impact Housing Fund, GMD Development Project Watershed Brings 145 Affordable Housing Units...

The Evergreen Impact Housing Fund (EIHF) and GMD Development are pleased to announce the grand opening of the Watershed apartment community. The units are designed to be affordable to families earning 50-60% of King County's...
Guardian Arms Apartments

Institutional Property Advisors sells $26.2 million multifamily asset on Hollywood Boulevard in Los Angeles

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Guardian Arms Apartments, a 101-unit multifamily asset with 9,207 square feet of ground-floor retail between the Hollywood and Los...
Continental Terrace

The Mogharebi Group closes on 142-unit multifamily community in Sacramento, California

The Mogharebi Group (TMG) has arranged the $15.75 million sale of Continental Terrace in South Sacramento, California. Senior Vice President Robin Kane and Vice President Brendan Kane represented the seller in the transaction, who...
FOURTH AND LAUREL

Wilshire Quinn Issues $16.5M Loan on Newly Constructed FOURTH AND LAUREL in San Diego...

Wilshire Quinn Capital announced that its private lending fund, the Wilshire Quinn Income Fund, has provided a $16,500,000 refinance loan for FOURTH AND LAUREL, a brand-new luxury 36-unit multifamily property in San Diego, California. FOURTH...
Aria

Institutional Property Advisors brokers sale and arranges financing for Eastside Seattle multifamily asset

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Aria, a 102-unit, transit-oriented, boutique multifamily property with 2,161 square feet of retail space in Redmond, Washington. The...
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