Friday, April 19, 2024

Pacific region

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

Ryan Nee

Marcus & Millichap promotes Ryan Nee to Senior Vice President and Southeast Division Manager

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the promotion of Ryan Nee to senior vice president and division manager of the...

L.A. city council plans eminent domain

The Los Angeles City Council has voted to try to buy a 124-unit housing development in Chinatown by exercising the power of eminent domain, in an effort to freeze rent increases by the landlord,...
The Huntley

Next Wave expands Pacific Northwest portfolio; Acquires two multifamily communities totaling 110 units in...

Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired two multifamily assets in the Portland metro submarket of Beaverton, Oregon for a total of $30.5 million:...
580 Anton

Legacy Partners sells 580 Anton, a 250-unit luxury apartment community in Costa Mesa, to...

Legacy Partners, a privately owned national real estate firm, announced the sale of 580 Anton, a five-story, 250-unit luxury apartment community in the Orange County city of Costa Mesa, Calif., to an affiliate of...
Vive Luxe

$203 million in refinancing secured for San Diego multihousing community

JLL Capital Markets announced that it has closed the $203 million construction takeout financing for Vive Luxe, a Class A, 442-unit, multihousing community in the Kearny Mesa submarket of San Diego, California. JLL represented the...
Gridline Apartments

$60 million financed for Seattle multihousing development

JLL Capital Markets announced that it has arranged $60 million in construction financing for Gridline Apartments, a multihousing development currently under construction in Seattle, Washington. Working on behalf of SRM Development and its partners, JLL...
Woodland Manor

Universe Holdings acquires second multifamily property in Ventura, California for $14.55 million

Universe Holdings has acquired Woodland Manor, a multifamily community in Ventura, Calif., in an off-market transaction for $14.55 million. Built in 1969, the property offers 38 two-bedroom, two-bath apartments in a central location in...
Bentley House

Institutional Property Advisors completes Eastside Seattle luxury apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Bentley House, a condo-quality apartment property in Issaquah, Washington. “Seattle’s Eastside is experiencing the largest job growth in the region with...
Fountain View Apartments

The Mogharebi Group brokers a 153-unit multifamily community in Long Beach, California

The Mogharebi Group (TMG) representing a Los Angeles based seller, brokered a $47.05 million sale of Fountain View Apartment Homes, a 153-unit community in the Los Angeles County city of Long Beach, California. Built in...
Wesley Wilson

Avanath expands leadership team and promotes youngest partner in firm’s history

Avanath Capital Management LLC, a multifamily owner and operator that focuses on affordable and workforce housing, announces a series of promotions and a new executive hire to its leadership team as the firm grows...
student housing

Student housing suffers supply/demand pressures

U.S. college enrollment has been declining for years but higher education institutions faced an unprecedented drop in students during COVID. Undergraduate enrollment across U.S. colleges and universities dropped by over 1 million students in...

$12.6 million in construction financing secured for San Diego multihousing project

JLL Capital Markets announced that it secured $12.6 million in construction financing for a multihousing development located in the Golden Hill neighborhood in San Diego, California. JLL worked on behalf of the borrower, Darnell Capital...
Cielo Apartments

Permanent financing secured for San Diego Class A apartments

JLL Capital Markets announced that it has arranged $33 million in permanent financing for the Cielo Apartments, a 70-unit, Class A, mid-rise multihousing property located in the Little Italy neighborhood of San Diego, California. JLL...
The Lakes Apartments

Levin Johnston completes $31.5 million sale of 102-unit multifamily community in Concord, 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, announces its most recent multifamily transaction: the $31.5 million...
4135 Park Blvd

$43.5 million in construction financing secured for 190-unit multihousing community in San Diego

JLL Capital Markets has arranged $43.5 million in construction financing for the development of 4135 Park Blvd., a 190-unit, mid-rise, mixed-use multihousing project located on the border of the North Park and Hillcrest submarkets...
Yield PRO