MacFarlane Partners celebrates topping out of Park Fifth in downtown Los Angeles
MacFarlane Partners, a real estate investment manager and developer that specializes in investments promoting smart growth, urban revitalization and sustainability, announces today the topping off of Park Fifth, a 24-story high-rise that it is...
Wermers Properties and R&V Management complete acquisition of residential mix-use property in Carlsbad
Wermers Properties and R&V Management have completed the acquisition of Carlsbad Village Lofts, a property in Carlsbad with plans to develop a residential mixed use community befitting of the upscale coastal city. Carlsbad Village...
George Smith Partners secures $17 million in non-recourse financing for 120-unit multifamily community in...
George Smith Partners, one of the nation’s leading commercial real estate capital markets advisors, has successfully arranged $17 million in non-recourse refinancing with a $10 million cash-out component for a 14-building, 120-unit multifamily asset...
Riverside Capital invests in Los Angeles affordable housing
Riverside Capital, a leading provider of capital for high quality affordable housing developments, has invested $17.7 million in 7th and Witmer Apartments, an affordable housing community being developed by Deep Green Housing and Community...
Multifamily asset in California’s San Fernando Valley changes hands
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Carabella at Warner Center, a 224-unit multifamily asset in the Warner Center/Woodland Hills area of Los Angeles.
“Warner Center’s population has...
Big efficiency, little cost
In 1996, the Department of Defense (DoD) created a program to move the ownership and management of housing for service personnel to private companies as part of a Public-Private Venture (PPV) program. The idea...
Are market-based rents on their last song?
If voters opt yes on Prop 10, we can say hello to new—and, frankly, aggressive—rent control regs in California. Local municipalities would have the ability to put rent caps on all rental properties—single family,...
The great disappeared
The state remains one of the most unequal in the nation—one that has both billions of dollars in Silicon Valley and rampant homelessness. The Golden State’s efforts to eliminate poverty instead accentuates it, and...
$93 million San Fernando Valley multifamily asset sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Carillon Apartment Homes, a 264-unit, 235,214-square-foot multifamily property in the Warner Center/Woodland Hills area of Los Angeles. The sales price...
Levin Johnston of Marcus and Millichap directs four multifamily property trades totaling $36.25 million...
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 successfully directed four multifamily property trades totaling $36.25...
R.D. Olson Construction completes Hotel Trio and Citrine Apartments in Sonoma County
R.D. Olson Construction, an award-winning general contracting firm in California, recently marked the completion of a ground-up, two-part construction project in Healdsburg. The project included Hotel Trio, a 122-room hotel, and Citrine Apartments, a...
Proposition 10: It can get worse
Proposition 10 will be on California’s November’s ballot. Its passage would mean repealing the 1995 Costa-Hawkins Act, a state law that severely restricts rent control in California cities. The effect of rent control is...
Legacy Partners announces grand opening of Baxter on Broadway
Legacy Partners, a privately owned national real estate firm, announced the grand opening of Baxter on Broadway, a five-story, 130-unit boutique apartment community in the Temescal neighborhood of Oakland. Baxter on Broadway, located at...
New Santa Barbara mixed-use asset hits the market
Institutional Property Advisors (IPA), a division of Marcus & Millichap, is the exclusive listing agent for The Marc, a new-construction, luxury 89-unit multifamily asset with a retail component in Santa Barbara, California. The price...
1970s-built multifamily asset comes to market in San Diego County
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces it has been selected to exclusively market for sale Villa Capri, a 98-unit multifamily property in Escondido, California. The price is $21.2 million.
“Built...
