California
Escondido’s Sage Apartments Sold for Nearly $35M
Sage Apartments, a 137-unit multifamily property located in North San Diego County’s Escondido, traded hands for $34.7 million or $253,285-per-unit.… Read more
Gov. Newsom Taps California Leaders for Business, Jobs Recovery Task Force
California Governor Gavin Newsom formed a new state Task Force on Business and Jobs Recovery. The group of leaders will… Read more
Hanley’s Lefko and Asher Sell BofA Branch in Twin Cities
Hanley Investment Group Real Estate Advisors completed the sale of a newly- constructed, single-tenant Bank of America in the Twin Cities… Read more
Australian Developer Buys DTLA Site for 43-Story MXU Tower; First Project in U.S.
Australian residential developer Crown Group is making its first move into the U.S. It bought a site at 1111 Hill… Read more
Nicholas Bryer Leaves CIM for Roxborough in San Francisco
The Roxborough Group expanded its team in San Francisco with the addition of Nicholas Bryer. He joins as a senior… Read more
Waterford Q&A: Navigating Unprecedented Times
By Dennis Kaiser Waterford Property Company is an owner-driven diversified real estate investment and development company, with an established track… Read more
$35M Construction Loan Arranged for Condo Development in Pasadena
Marcus & Millichap Capital Corporation (MMCC) arranged a $34.5 million construction loan for the second phase of Adept Urban’s 388… Read more
Archway Fund Completes Recap, Will Provide CRE Debt to Middle Market as Archway Capital
Partners Capital Finance Inc., which does business as Archway Fund, and the principals of alternative investment manager Oakhurst Advisors, successfully… Read more
JLL Arranges Nearly $60M Financing for Bay Area MF Portfolio
Mosser Capital secured $58.5 million in financing to fund the recapitalization of a nine-property multi-housing portfolio located in Oakland. JLL… Read more
Rent Voucher Program Legislation Introduced for COVID-19 Impacted Tenants
The California Apartment Association (CAA) introduced a legislative proposal that would help both landlords and renters endure the financial difficulties… Read more
CAA’s Bannon Breaks Down How New COVID-19 Legislation Will Hurt California MF Owners
By Dennis Kaiser A new California legislative proposal in response to COVID-19 would force every rental property owner in the… Read more
Where the Hotspots Are for Economic Fallout
The fallout from the shutdowns mandated by the coronavirus pandemic will affect every major metro area in the country, but… Read more
NMHC 50 Depicts an Industry Going Strong
Before the outbreak of COVID-19 and the related economic weakening, the multifamily industry and the sector’s fundamentals were as healthy… Read more
Hamilton Zanze Returns to St. Louis with $46M Buy
San Francisco-based Hamilton Zanze (HZ) has acquired the 170-unit Steelyard & IceHouse Apartments in St. Louis for a reported $45.9 million. The deal… Read more
BLT Enterprises Acquires Pair of Hollywood Assets for $20M
Santa Monica-based BLT Enterprises acquired two properties in Hollywood for $20 million. The properties include a creative office project at… Read more
CAA Urges Action to Halt New COVID-19 Legislation that Would Punish MF Owners
A new legislative proposal in response to COVID-19 would force every rental property owner in California to reduce rents by… Read more
Transwestern Boosts Bay Area Footprint with Three-Person Team
Transwestern Real Estate Services (TRE) expanded its commercial real estate project, construction and relocation management services in the Bay Area.… Read more
12-Property MF Portfolio Claimed for $24M
A 12-property, 96-unit multifamily portfolio in San Diego sold for $23.75 million. All the properties are located within walking distance… Read more
Grand Terrace MF Trades for Record $46M
The Mogharebi Group (TMG) completed the sale of The Heights at Grand Terrace, a 228-unit apartment community in Grand Terrace,… Read more