Westwood multifamily property sells for record high $373 per square foot price
Wiseman Residential, a prominent real estate developer in Southern California, has purchased a multifamily property located at 10751 Missouri Avenue in Los Angeles, California, for $3,025,266 in an off-market deal. The seller was a...
Levin Johnston directs $10 million sale of upgraded 35-unit 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 $10 million sale of Delano Apartments,...
California’s race to build housing
California is a fascinating study of politics, housing and galvanized activism. It’s been said that as California goes, so goes the nation. But not always. And hopefully not in the way of a vanishing...
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....
Studios435 establishes market for luxury studio apartments in downtown San Diego
As Studios435 approaches its first anniversary, the community is 90 percent leased, demonstrating a robust market for luxury micro-apartments in downtown San Diego. Located at 435 13th St., the housing community opened in July...
TMG Partners announces Matt Field promoted to president
TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, today announces the promotion of CIO Matt Field to President with expanded responsibility for the firm’s Bay Area Region real estate portfolio.
Matt...
Dunleer announces $14.75m refinancing of four-property portfolio
Dunleer LLC., a Los Angeles-based private real estate investment and development firm, announced the refinancing of four (4) assets via Freddie Mac totaling $14,750,000. This four-building portfolio is located across prime Los Angeles’ premier submarkets: Silver Lake, USC and...
Infographic: California’s circular housing crisis
"Get me a good package on rent stability this year and I will sign it," Newsom said in his State of the State address in February. This wouldn't be the first time the state...
More than 60 percent of Californians back transit-housing bill
One of the questions specifically singled out SB 50, which would change the way that California cities zone near major transit hubs, like train stations and bus lines, to encourage taller and denser housing:
“A...
Does one size fit all?
Wiener offers the same basic solution for everyplace in this vast state of 58 counties and 482 cities, many of which are quite unique. Will the same tactics create significant amounts of new housing...
California’s unfixable housing mess is years in the making
Unfortunately, there aren’t many vexing issues that can be resolved in an 850-word column or a 50-word email rebuttal. Most of California’s myriad “crises” have been years in the making, and they will take...
Levin Johnston directs $20 million land sale for development of 60-unit townhome community
Levin Johnston of Marcus and Millichap, one of the top brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the $20 million sale of a 3.26-acre...
Seattle zones for affordable housing
The Seattle city council has passed, and the mayor has signed, new zoning laws that will allow higher density housing to be built in 27 Seattle neighborhoods. The plan will affect about 6 percent...
Legacy Partners recapitalizes with Collier Enterprises
Legacy Partners, a privately owned national real estate firm, announced today the recapitalization of the firm with Collier Enterprises, a private equity, real estate investment and development company located in Naples, Florida.
With Legacy Partners’...
Rent control back in play in California
When California voters in 2018 soundly rejected a proposition to allow rent control to be imposed statewide, you would be excused for thinking that the issue would be considered settled for a while. If...
