Levin Johnston completes sale of 24-unit multifamily community in one of San Jose’s most...
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, announces its most recent multifamily transaction: the sale of...
So, what happened to SB50?
In recent years, it has become conventional wisdom that a way to provide much-needed housing in metropolitan areas is to allow denser development, particularly near transit corridors and employment hubs. Yet California’s Senate Bill...
The George Besaw Apartment mixed-use building in Portland, Ore. sells for $23.625 million
Kidder Mathews is pleased to announce the sale of The George Besaw for $23,625,000. The 51-unit, apartment / mixed-use building is located at 2323 NW Savier Street in Portland, Oregon. Kidder Mathews’ team of...
JLL closes $34.1 million sale of Beaverton apartment community
JLL announced today that it has closed the $34.1 million sale of Terra Murrayhill, a 137-unit, garden-style apartment community located in Beaverton, Oregon.
JLL marketed the property on behalf of the seller, a West Coast-based...
MBK Rental Nearing Completion of Construction on New 389-Unit Multifamily Community Vida at Morgan...
Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community in the Silicon Valley city of Morgan Hill, has been completed and is now leasing. The project, a development of MBK Rental...
CBRE Facilitates Sale of Two Multifamily Apartment Communities Totaling 24 Units in Northern Orange...
CBRE announced the sale of two multifamily properties totaling 24 units for $7.61 million in northern Orange County, California to two separate buyers.
In the first transaction, CBRE’s Executive Vice President Dan Blackwell and Associate...
Stepp Commercial completes $2.1 million sale of an 8-unit apartment property in prime Alamitos...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million sale of an 8-unit apartment property located at 1010 E. 2nd Street in the prime Alamitos Beach...
Decron Properties acquires Rancho Luna Sol in Fremont, California for $71.5 million
Decron Properties has acquired Rancho Luna Sol, a 188-unit multifamily community in Fremont, CA for $71.5 million.
With its acquisition of Rancho Luna Sol, Decron increased its regional portfolio to 1,054 units over six properties....
TMG Partners names Matt Concannon partner
TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, today announces Matt Concannon has joined the firm as Partner.
“Matt will immediately be involved in our complex developments, particularly utilizing his construction...
Tower 16 Capital Partners sells The District at Grand Terrace in Colton, California, for...
San Diego-based Tower 16 Capital Partners has successfully sold The District at Grand Terrace, a 352-unit apartment project located in Colton, Calif. The property was originally purchased in 2019 for $63,050,000 and was sold...
Beverly Hills apartment building sells for record high price of $582 per square foot
An 11-unit apartment building, located at 315 S. Hamel Road in Los Angeles, California, has sold for $3,950,000. Kidder Mathews’ multifamily investment broker, Michael Monempour, represented the seller, Bentley Place, LLC, a private real estate investment company....
JLL Spark acquires SaaS-based real estate asset management company Stessa
JLL Spark, a division of JLL, today announced its acquisition of Stessa, a software-as-a-service (SaaS)-based real estate technology platform that allows investors in income properties to easily and cost-effectively track, manage and communicate the...
Newmark secures $947 million loan for Park La Brea Apartments in Los Angeles, California
Newmark Group, Inc. (Newmark), a leading adviser and service provider to large institutional investors, global corporations, and other owners and occupiers of commercial real estate announces it has secured a $947 million loan for...
Colliers Structured Finance Group Closes $27.8M Refinancing for Edgeway Apartment Community in Bellflower California
The Colliers Structured Finance Group (SFG) has closed a $27,765,000 Fannie Mae loan for the refinancing of Edgeway, a 91-unit multifamily property in Bellflower, California.
The loan is priced at 5.5% for 5 years and...
World’s largest dorm-style co-living
The nearly 800-unit building, set to break ground early next year, is the latest project to embrace co-living—a dorm-like set-up where residents sleep in small private bedrooms and share common spaces, as a way...
