Tuesday, October 15, 2019

Pacific region

Pacific region includes: Alaska, California, Hawaii, Oregon and Washington

Stepp Commercial completes $2.85 million sale of a fully remodeled 12-unit apartment property in...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.85 million sale of a 12-unit apartment property located at 5558 to 5562 Dairy Avenue in Long Beach, CA. Principal...

Stepp Commercial completes $2.1 million sale of an 8-unit apartment property in prime Alamitos...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million sale of an 8-unit apartment property located at 1010 E. 2nd Street in the prime Alamitos Beach...

3-property apartment portfolio trades for $48.25 million in Los Angeles, California

Transwestern Commercial Services (TCS) today announces it has brokered the sale of 131, 143 and 171 S. Burlington Ave., a three-property apartment portfolio comprised of 192 multifamily units in the emerging Westlake/MacArthur Park submarket...

Trion Properties stays active in the East Bay with acquisition of 89-unit Hayward, California...

Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments in niche western markets, has acquired Villa Morada Apartments, an 89-unit multifamily community in Hayward, California, for $25 million. The acquisition...

JLL closes $216.1 million sale of Met Tower in Seattle

JLL announced today that it has closed the $216.1 million sale of Met Tower, a trophy 366-unit, high-rise multihousing building located in the heart of Seattle’s vibrant South Lake Union neighborhood. JLL marketed the property...

Luxury San Francisco Peninsula multifamily sale closed by Institutional Property Advisors (IPA) for $88.65...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Township Apartments, a 132-unit apartment asset in Redwood City, California. The sales price is $88.65 million, or $671,591 per unit...

Levin Johnston directs $11.7 million sale of newly renovated 22-unit multifamily community in Redwood...

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 $11.7 million sale of Woodside North,...

California’s request for federal funding to combat homelessness rejected by Trump Administration

As the homelessness crisis in California escalates, state officials requested increased federal funding to combat the issue, only to be rejected by HUD Secretary Ben Carson, as reported by ABC News. The request letter was...

Continental Partners secures $34 million in financing for new 144-unit multifamily development in Los...

Continental Partners, a commercial real estate investment banking firm, has successfully arranged a $34 million loan regarding a newly constructed 144-unit multifamily asset in the North Hollywood submarket of Los Angeles, California. The loan serves...

What California’s new gig work law gets wrong about gig work

In September, California legislators passed a bill that requires Lyft, Uber, and other similar service platforms to treat the workers that provide services through them as employees rather than independent contractors. Other states are...

More rent control in California will make the housing problem worse

Rent control is a terrible idea that just won’t die. The latest example is a new bill working its way through the California legislature that would cap annual rent increases at 5 percent for...

Pathfinder Partners acquires value-add multifamily community in desirable Sacramento suburb

Pathfinder Partners, a San Diego-based firm specializing in value-add multifamily real estate investments, announced today the $28,825,000 acquisition of Rosemont Park – a 170-unit apartment community near the center of downtown Rosemont at 9190...

Puget Sound multifamily asset trades at $26 million

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 5100 Summit Apartments, a newly constructed 115-unit multifamily property in...

130-unit Vista Del Rey Apartment complex sells for $25.7 million to VDR Investment Homes

VDR Investments Homes LLC has purchased Vista Del Rey, a 17-story, 130-unit apartment complex, located at 319 N. Tacoma Avenue in Tacoma, Washington, for $25.7 million. Commercial real estate broker, Tyler Stanek, a vice...

Parkview Financial provides $26 million construction loan for a multifamily/retail project in Denver, CO

Parkview Financial announced today it has provided a $26 million construction loan to Art District Holdings, a Denver-based apartment developer, for the development of an eight-story apartment and retail building located at 1225 Santa...
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