San Gabriel Valley multifamily asset sold by IPA for $78.5 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Trails at San Dimas, a 288-unit apartment property in San Dimas, California. The asset sold for $78.5 million, or $272,569...
Levin Johnston directs two property sales totaling $11 million in Silicon Valley
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 two commercial property sales totaling $11...
$30.2 million 55-plus affordable housing complex changes hands
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Grandon Village, a 161-unit age- and income-restricted housing asset in...
Taking sides on California’s rent control initiative
With two months to go before the general election, forces are lining up for and against California’s Proposition 10, which would greatly expand local communities’ ability to impose rent control. Current law in the...
Living with the risk of wildfires in California
U.S. Homeland Security Secretary Kirstjen Nielsen visited Redding, California, Friday to survey the damage from the state’s unprecedented wildfires. Nielsen called the scenes “truly heartbreaking” and thanked firefighters and responders for helping battle the...
Passco Companies bolsters multifamily investment team; adds industry veteran to oversee expanding portfolio
Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has further expanded its growing multifamily team with the addition of...
Essex spends big to defeat rent control measure
Essex generates 84 percent of its net operating income in California, far more than any other large apartment REIT. That explains why Essex has contributed more to defeat the measure than any other public...
George Smith Partners secures $22.3 million in financing for ground-up workforce housing development in...
George Smith Partners, one of the nation’s leading commercial real estate capital advisors, has successfully secured $22.3 million in financing for the ground-up development of a 51-unit workforce multifamily property with 3,350 square feet...
Four-day wonder
Berkeley, California, is the latest speed test on pre-fab construction. While the highest barriers to development generally occur long before the construction process, materials, time and labor have added to the pain of getting...
Darija Walker joins Marcus & Millichap Capital Corp. as Associate Director
Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, announces the hiring of Darija Walker as an associate director located in the firm’s Oakland, California...
Two Los Angeles multifamily properties trade for $6.27 million
Transwestern today announces it has brokered the sale of two multifamily properties in Los Angeles. A nine-unit building at 11642 Kiowa Ave. in the Brentwood submarket traded for $4.25 million, and a seven-unit property...
Riverside Capital invests in comprehensive redevelopment of Los Angeles affordable housing
Riverside Capital, LLC, a leading provider of investment capital to high quality affordable housing developers, is pleased to announce it has provided $25.4 MM in Jordan Downs 1B, the second phase of the comprehensive...
Pathfinder Partners, Silvergate acquire former convent just east of San Diego; announce plans for...
Continuing its expansion in the San Diego market, local real estate investment group Pathfinder Partners, LLC has partnered with San Diego-based developer, Silvergate Development, LLC, to acquire Little Flower Haven – a 4.1 acre...
All-cash multifamily sale in San Diego’s Little Italy
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Villa Cusma, a 40-unit luxury apartment complex with one retail...
Shag, city of Tukwila, King County library system and community celebrate opening of Tukwila...
Sustainable Housing for the Ageless Generation (SHAG) and the City of Tukwila recently held the Tukwila Village Community Celebration to commemorate the culmination of a 20-year vision by the City of Tukwila to transform...
