Pacific region

Mackenzie Inc. and O’Brien-Lucas Ventures recently broke ground on a 77-unit housing project for Oregon State University’s Hatfield Marine Science Center in Newport, Oregon. The $16.5 million, 34,000-square-foot housing project will feature 72 studio-style units...

The permit-ready development site and development plan qualify for San Diego’s Complete Communities Housing Solutions (CCHS) program, an affordable housing incentive program allowing more dense housing projects near high-frequency transit. Joe Brady of Urban...

Pinetree Terrace Apartments, a 58-unit multifamily community in the central San Fernando Valley community of Reseda, traded hands in a $17.6 million ($303k/unit) deal. The property comprises five two-story apartment buildings featuring a mix of...

Optimus Properties LLC purchased a 70-unit apartment community Valley Park Plaza Apartments in Beaverton, Oregon in a $12.01 million ($171.5k/unit) transaction. The property features 1-2/bed and 1-1.5/bath floorplans ranging in size from 650 to 1,200...

JLL Capital Markets announced that it has secured a $30 million construction financing for The Northside, a 73-unit student housing project at 1752 Shattuck in Berkeley, California. JLL represented the borrower, Panoramic Interests in securing the...

SVA Architects joins Berkley-based developer, Resources for Community Development (RCD), in celebrating the ground breaking and commencement of construction for Longfellow Corner. Longfellow Corner will feature 77 homes which cater to a multi-generational resident demographic,...

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Green Hotel Apartments, an affordable senior (62+) apartment complex in downtown Pasadena, California. This is the 15th...

Cityview, a premier multifamily investment management and development firm, and Wafra, a global alternative investment manager, have acquired Silva, a newly constructed 221-unit, Class A multifamily community in the Silver Lake neighborhood of Northeast...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Alaire, a 357-unit multifamily property in Renton, Washington. “Alaire is one of the premier garden assets in the region, offering an unparalleled amenities...

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Mar at Mesa Apartment Homes, a 62-unit multifamily asset in San Diego, California. “Mar at Mesa is a sizable value-add asset in a...

Chicago-based developer CedarSt Companies has taken the next step in its West Coast expansion with the opening of its first Southern California property — The Nash, a 190-unit, seven-story mixed-use development in San Diego’s...

Woodstone Apartments, a 124-unit apartment community in Bothell, Washington traded hands in a $34.75 million ($280k/unit) transaction. The asset was sold by Security Properties. Built in 1989, Woodstone Apartments is located at 16520 North Road...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, arranged the sale of 319 N. Westlake Avenue, a fourteen-unit apartment property located in the...

American Capital Group and Clarion Partners have created a joint venture to develop Enso, a 316-unit multifamily project in Lynnwood, Washington. Pacific Life Insurance Company served as the construction lender for the development, with construction...

West is a $400 million, 37-story mixed-use project located at 1011 Union Street in downtown San Diego. As the first multi-mixed-use tower in the city, the skyline-changing project features 289k sf of office space, 10k...