Institutional Property Advisors facilitates Inland Empire seniors housing asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Zen Diamond Valley Senior Living Apartments, a 177-unit multifamily property for seniors in Hemet, California. The asset traded for $23.85...
Portland smart-home startup IOTAS sells to security giant ADT
Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings.
IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
JLL arranges $30 million construction loan for Seattle multihousing project
JLL Capital Markets announced that it has arranged $30 million for the development of Roystone, a 93-unit, boutique multihousing project with ground-floor retail in Seattle’s desirable Lower Queen Anne neighborhood.
JLL worked on behalf of...
Kidder Mathews arranges record-breaking sale of multifamily property in Sherman Oaks
An eight-unit apartment property at 4737 Kester Avenue in Sherman Oaks, California has sold for $3,600,000. This marks a record-high price-per-unit for a rent-controlled apartment building in the 91403 zip code. Kidder Mathews’ Michael...
Institutional Property Advisors closes iconic Wilshire Boulevard multifamily sale in Los Angeles for $45.5...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Wilshire Royale, a 193-unit multifamily asset with 8,933 square feet of ground floor retail in Los Angeles, California’s Westlake District....
Institutional Property Advisors brokers $74.1 million North County San Diego multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Dylan, a 208-unit apartment complex in Oceanside, California. The property sold for $74.1 million, or $356,250 per unit.
“Oceanside is...
Fore Property strengthens its Southern California presence with opening of two new multifamily communities
Fore Property (Fore), one of the country’s top 20 largest multifamily developers, today announced the formal opening of two new multifamily communities: Arte in Rancho Cucamonga and Las Positas in Camarillo. Developed and constructed...
Gantry Secures Permanent Loan for the Recently Completed SW by CLG in Los Angeles
Gantry secured a $25.4-million permanent loan to retire construction financing for the recently completed SW by CLG in Los Angeles.
Principal Andy Bratt and associate Sean Kuang with Gantry’s Irvine production office represented the borrower,...
Stepp Commercial completes $3.05 million sale of 9-unit apartment property in the Mar Vista...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.05 million sale of a nine-unit apartment property located at 11285 Charnock Road in Los Angeles. The asset is...
Marcus & Millichap closes $53.4 million three-property Inland Empire multifamily sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property multifamily portfolio in the Inland Empire region of Southern...
Tower 16 Capital Partners acquires a 330-unit multifamily property in the Inland Empire for...
San Diego-based Tower 16 Capital Partners has acquired Sorelle Apartments, a 330-unit multifamily property located in Moreno Valley, Calif., for $85 million. The Sorelle Apartments project was built in 1986 and was acquired from...
Mogharebi Group Secures $16.5M for Sale of Bakersfield California Vantage Point Apartment Community
The Mogharebi Group (TMG) has arranged the $16.5 million sale of Vantage Point Apartments, a 144-unit multifamily community in Bakersfield, California. Senior Vice President Mark Bonas represented the buyer, a Central Valley-based investor, in...
Next Wave bolsters Pacific Northwest portfolio with acquisition of 65-unit multifamily community in Spokane...
Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, Washington in an off-market...
Luxury San Francisco peninsula apartment sold by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has announced the sale of Aperture, an 83-unit luxury multifamily community with approximately 6,600 square feet of retail space. Aperture is in San Bruno,...
Stepp Commercial completes $2.1 million acquisition of a 12-unit apartment property in Long Beach,...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million acquisition of a 12-unit, value-add apartment property located at 1135 Dawson Avenue in Long Beach, CA.
Robert Stepp...
