$24.3 million financing secured for six affordable housing assets in Seattle
JLL Capital Markets announced that it has secured $24.3 million in acquisition financing for a six-asset affordable housing portfolio, consisting of 354 small efficiency dwelling units (SEDUs) located in infill Seattle, Washington. JLL worked on...
Institutional Property Advisors brokers multifamily asset sale in Greater Los Angeles
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $38.25 million sales price equates to $450,000 per...
iBorrow provides $17 million in refinancing for two mid-renovation multifamily assets in Southern California
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $17.38 million refinance loan on two mid-renovation multifamily communities located in Southern California. The bridge loan will be used to refinance the borrower’s...
Amir Eshkol promoted to Chief Construction Officer at TruAmerica Multifamily
TruAmerica Multifamily has promoted Amir Eshkol to the newly created position of Chief Construction Officer, announced CEO Robert Hart. Since joining the firm in October of 2013 as the firm’s first construction project manager, Amir...
Avanath Capital Management expands multifamily footprint in Northern California with the acquisition of affordable...
Avanath Capital Management, LLC, a private real estate investment manager, announces the acquisition of the Novato Portfolio, comprising two LIHTC rental apartment properties in the Bay Area submarket of Novato, California, for $131.5 million. Purchased...
Avanath Capital Management expands executive leadership team
Avanath Capital Management, LLC, a private real estate investment manager, announces the expansion of its executive leadership team with the appointment of Carly Stevenson, a property management industry veteran, as Executive Vice President of...
Levin Johnston completes $27 million sale of upgraded 60-unit multifamily community in Fremont, California
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 the sale of Victoria Park, a...
Fox Meadows in Tualatin sells for $19.35 million
Kidder Mathews is pleased to announce that it has closed the sale of the Fox Meadows Apartments—a 95-unit garden-style community located in Tualatin, Oregon—for $19,350,000. Kidder Mathews multifamily investment brokers Tyler Linn, Jordan Carter, and...
The Mogharebi Group arranges more than $18.35 million sale of 66-unit final phase of...
The Mogharebi Group (TMG) has arranged the $18.365 million sale of the 66-unit Samish Station 3, the third and final phase of Samish Station, a 119-unit multifamily community in the Puget Sound city of...
$16.333 million financing secured for Santa Rosa affordable housing project
JLL Capital Markets announced that it has arranged the $16.333 million construction financing of The Cannery at Railroad Square, a 129-unit affordable housing project located in Santa Rosa, California. This transaction marks the first...
Stepp Commercial completes $9.325 million sale of 24-unit apartment property in Signal Hill, California
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $9.325 million sale of a 24-unit apartment property located at 1867 Temple Avenue in Signal Hill, a city completely...
The Mogharebi Group arranges $50 million sale of 237-unit multifamily community in Central California
The Mogharebi Group (TMG) has brokered the sale of Oak View Apartments, a 237-unit garden-style multifamily community in Visalia, Calif., for $50 million. The buyer of the fully occupied property is a Southern California-based...
Institutional Property Advisors brokers sale of Orange County multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Foxborough Apartments, a 90-unit apartment complex in Orange, California. The property was acquired by Advanced Real Estate of Irvine, California. Advanced...
JLL completes acquisition financing of ultra-luxury Downtown Los Angeles multihousing tower
JLL Capital Markets announced that it has arranged the acquisition financing for THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multihousing community located in Downtown Los Angeles. JLL worked on behalf of the new owner to...
The Mogharebi Group brokers $11.25 million sale of 44-unit affordable housing community in Palm...
The Mogharebi Group (TMG) has brokered the sale of a 44-unit garden-style multifamily community in Palm Springs, Calif. for $11.25 million. The buyer of the fully occupied property is a California-based affordable housing investor. Sunnyview...
