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...
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...
