Modesto
Mogharebi Group Arranges Modesto Sale for Investment Firm
The Mogharebi Group brokered the $34.6-million sale of Willow Grove Apartments, a 158-unit multifamily community located at 3400 Coffee Rd.… Read more
Mogharebi Group Closes Sale of Modesto Apartments
The Mogharebi Group (TMG) arranged the $37,600,000 sale of Summerview Apartments, a 136-unit multifamily community at 3601 Prescott Rd. in… Read more
Ceres Apartments Trade After 20-Year Hold
Marcus & Millichap finalized the sale of The Vineyard, a 212-unit multifamily property in Ceres, near Modesto. The sale price was… Read more
EAH Housing Opens Second Phase of Modesto Affordable
Nonprofit developer/manager EAH Housing joined Mayor Sue Zwahlen and State Treasurer Fiona Ma to celebrate the grand opening of Archway Commons II,… Read more
Modesto Apartments Trade in Central Valley’s Largest 2023 Sale
The Mogharebi Group (TMG) arraged the $42.7-million sale of the Edge at Lakewood Apartments, a 196-unit apartment community in Modesto, on behalf of… Read more
California Leads U.S. for Housing Shortfall
Housing underproduction in California reached a shortage of 881,354 homes in 2021 for a first-place ranking among U.S. states for… Read more
Dwight Mortgage Trust Lends $60M on Central Valley Portfolio
Dwight Mortgage Trust (DMT), the affiliate REIT of Dwight Capital, closed two acquisition bridge loans totaling $60 million for a portfolio of four apartment… Read more
Modesto Retail Pad Sells in All-Cash, Non-1031 Transaction
Hanley Investment Group Real Estate Advisors closed the sale of a 6,402-square-foot multi-tenant retail pad building shadow-anchored by a Save Mart… Read more
Graceada Offloads Multi-Tenant Sacramento Industrial
Modesto-based investment firm Graceada Partners has sold 915 N. B St., a 108,690-square-foot multi-tenant industrial development, in Sacramento. Terms of the… Read more
Sale of Modesto Apartments Sets Per-Door Pricing Record
The Mogharebi Group arranged the $25.2-million sale of Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the Central… Read more
Gallo Wines Closes In-House Distributor, Lays-Off 350 Workers
Modesto, CA-based E. & J. Gallo Winery, the largest winery by sales volume in the U.S., is shutting down its… Read more
Irvine-Based Faris Lee Brokers $25M Modesto Retail Sale
Alexander Moore, Sean Cox and Don MacLellan of Faris Lee Investments represented the buyer, a Central Valley-based private family office,… Read more
San Bernardino’s World Plaza Sells For $10 Million
A private Los Angeles-area investor purchased Presidio Property Trust, Inc.’s World Plaza in San Bernardino for $10 million. Hanley Investment… Read more
Combined Value of Five Starbucks is $21M, a Record PSF
Five newly built single-tenant net-leased properties occupied by Starbucks drive-thrus in separate transactions recently closed in La Palma, Redondo Beach,… Read more
Digit 1919 Apartments Heads to California Investor
Porgest Properties, a trust in Modesto CA, now owns Digit 1919, a 102-unit apartment complex, located south of downtown Dallas.… Read more
Griffin-American Healthcare REIT IV’s Acquisition Activity Hits $200M Q4 2018
Irvine, CA-based Griffin-American Healthcare REIT IV, Inc. completed the acquisition of 11 healthcare buildings in five states, and a 6%… Read more
Sears, Kmart Bankruptcy Could Cost California More Than 1,200 Jobs
Sears Holdings’ bankruptcy protection filing on Oct. 14 was viewed as a last-ditch effort to save the once-proud, but struggling,… Read more
MBK Claims West Living Portfolio for $382M
Irvine, CA-based MBK Senior Living acquired the West Living Portfolio, a collection of nine top-quality senior housing communities located in… Read more