MBK Rental Living and R.D. Olson construction team up on 330-unit luxury apartment project...
MBK Rental Living and R.D. Olson Construction announce the groundbreaking of Artesa at Menifee Town Center, a Spanish mission-style apartment community located in the heart of Menifee. Offering urban-style living in a small-town setting, the...
Oregon likely to become first in the nation to adopt statewide rent control
As home and rental prices rise across the country, more and more locales are giving serious consideration to a policy long denounced by economists: rent control. That includes Oregon, which increasingly looks likely to...
TMG Partners and Invesco Real Estate acquire 600 Battery Street in San Francisco
TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, and Invesco Real Estate, a global real estate investment manager, announce the acquisition of 600 Battery Street, an approximately 120,000-square-foot historic building...
Universe Holdings continues buying spree in Inglewood with acquisition of its ninth multifamily community
Universe Holdings has acquired a 15-unit multifamily community in Inglewood, Calif., for $3.8 million. Chateau Park Casino Royale V is the firm’s ninth acquisition in the past four years in the Los Angeles submarket that...
Boston Properties acquires rights to Platform 16 development site at Diridon Station in San...
Boston Properties, Inc., one of the largest publicly-traded developers, owners and managers of Class A office properties in the United States, announced today that it has entered into agreements with an affiliate of San Francisco-based...
Madison Park announces Simon Chen chief operating officer
Madison Park Financial Corporation (Madison Park), one of the most active Bay Area developers of innovative, urban mixed-use properties, announced Simon Chen has been made Chief Operating Officer. Simon joined Madison Park in 2004 and...
Does the Seattle housing law forbidding landlords from checking tenants’ criminal history go too...
With slews of tent encampments in a fast-growing city flush with tech-sector cash, it’s tough questioning Seattle’s serious problem with homelessness and affordable housing. But an unprecedented new city law forbidding landlords from checking into...
Levin Johnston directs $17.28 million sale of core plus multifamily community in San Jose,...
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 $17.28 million sale of Lakewood Court...
TMG Partners wins unanimous approval to develop 750,000-sf creative office in uptown Oakland
TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, last night received unanimous approval from the Oakland Planning Commission on their proposed office development at 2201 Valley in Oakland at the...
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...
Marcus & Millichap arranges the sale of a 15-unit apartment building in Oakland
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Fruitvale Apartments, a 15-unit apartment property located in Oakland, California,...
$110.25 Million Silicon Valley Apartment Asset Sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Foundry Commons, a recently constructed, 238-unit, luxury apartment complex in San Jose, California. The property sold for $110.25 million. “Located...
San Francisco Bay Area apartment asset trades at $47.5 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Hidden Creek Apartments, a 168-unit multifamily property in Martinez, California. The sales price is $47.5 million. “Martinez is the county...
CGI Strategies acquires Hollywood area apartment community for $20.15 million
CGI Strategies has acquired Parkwood Apartments, a 78-unit multifamily community in the Los Feliz neighborhood of Los Angeles for $20.15 million, capping an active 2018 in which the firm was involved in the development...
Rare 66-unit apartment assemblage in Newport Beach, California sells for $30,554,000
Dover Heights Apartment Homes, located in Newport Beach, California, have sold for $30,554,000 which are historic numbers of $463,000 per unit and $474 per square foot. The buyer was Waterford Residential, an active multifamily...