Sunday, September 15, 2019

Pacific region

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

8-unit multifamily building trades for $4.1 million in Brentwood, California

Transwestern Commercial Services (TCS) today announces it has brokered the sale of 11747 Mayfield Ave., an eight-unit multifamily building in Brentwood, a prime Los Angeles neighborhood. Senior Vice Presidents John Swartz and Josh Kaplan...

Fore Property announces sale of Rivage Residential Community in Portland metro area

Fore Property (‘Fore’), one of the country’s top 20 largest multifamily developers, today announced the sale of Rivage, a 260-unit apartment community in Portland, Oregon, to Magnolia Capital. Rivage was stabilized at the time of...

Ledcor Development breaks ground on Phase II of Hercules Bayfront apartment community

Ledcor Development LP announced today the groundbreaking of The Grand in Hercules. Set to open Spring 2021, The Grand is adjacent to The Exchange, which broke ground last Fall and has plans to open...

Thrive Communities hires Cori McLeod, multifamily industry leader

Thrive Communities, a Seattle-based apartment management firm with 12,000 units under management, has announced industry leader Cori McLeod has joined the Thrive executive team as their newest Vice President. “Cori’s deep industry relationships and broad...

Cushman & Wakefield represents Air Force Village West, Inc. in $58 million sale of...

Cushman & Wakefield has negotiated the sale of Altavita Village, California’s third-largest senior living community. The Tampa-based Cushman & Wakefield Senior Housing team of David Kliewer, Paul Carr and Allen McMurtry, in partnership with the San Diego-based team of David Rothschild and Mary Christian,...

Wood Partners announces grand opening of Alta Waverly in Oakland, California

Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its newest luxury residential community—Alta Waverly—in Oakland, California. Providing brand new and contemporary living with street-level retail in...

Fore Property strengthens its Southern California presence with opening of two new multifamily communities

Fore Property (‘Fore’), one of the country’s top 20 largest multifamily developers, today announced the formal opening of two new multifamily communities: Arte in Rancho Cucamonga and Las Positas in Camarillo. Developed and constructed...

Mill Creek announces groundbreaking of Modera Lake Merritt

Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., announced the groundbreaking of Modera Lake Merritt, a luxury mixed-use community in Oakland’s thriving Uptown neighborhood. Situated one...

Passco Companies and Avenida Partners break ground on two active seniors developments

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has collaborated with Avenida Partners, a real estate firm focused on the...

The Wolff Company announces plans to develop new senior living community in Hillsboro

The Wolff Company—a Scottsdale-based private equity firm and senior living developer—will break ground later this year on Revel AmberGlen, a new independent living apartment community in the Tualatin Valley on the west side of...

Dekel Capital arranges financing for development of multifamily community in South Gate, CA

Dekel Capital, on behalf of JPI, has arranged preferred equity and construction financing in excess of $80 million for the construction of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate, CA. Jefferson...

Knighthead Funding provides $29.85 million financing for two apartment properties in Seattle, WA

Knighthead Funding LLC, has originated two separate loans totaling $29.85 million in first mortgage debt secured by a micro-unit rental property in the Roosevelt neighborhood and a student housing property located near the University...

BizFed earthquake preparedness seminars to focus on creating a safer Los Angeles County

A series of earthquake preparedness seminars focused on creating a safer Los Angeles County has been announced by the Los Angeles County Business Federation (BizFed). In the aftermath of this summer's 7.1 earthquake in Ridgecrest and...

Oregon likely to become first in the nation to adopt statewide rent control

As home and rental prices rise across the country, more and more locales are giving serious consideration to a policy long denounced by economists: rent control. That includes Oregon, which increasingly looks likely to...

Concord Capital Partners acquire historic West Hollywood property for $17.275 million

Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood for $17.275 million. The four-story, 43,000-square-foot multifamily property is located at 1354 N. Harper Avenue,...
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