California

The A.J.
CaliforniaDevelopmentNewsWestern

Partnership Opens $130 Million Development at The Railyards in Sacramento, California

by Channing Hamilton

SACRAMENTO, CALIF. — A partnership between USA Properties Fund and LDK Ventures has delivered The A.J., a $130 million mixed-income project within The Railyards in Sacramento. Located at 251 6th St., The A.J. features 345 apartments, including 69 affordable homes for residents earning 50 percent or less of the area median income. Additionally, The A.J. offers more than 5,000 square feet of ground-level retail space. Residents have access to amenities including a fitness center; pool and spa with cabanas; bike storage area with repair station; pet spa and wash area; …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lexington Gardens
Affordable HousingCaliforniaDevelopmentNewsWestern

EAH Housing Breaks Ground on Affordable Housing Project in West Hollywood, California

by Channing Hamilton

WEST HOLLYWOOD, CALIF. — EAH Housing has begun construction on Lexington Gardens, an affordable housing property in West Hollywood, about eight miles west of Los Angeles. Lexington Gardens offers 47 studio apartments. Studios range from 383 square feet to 447 square feet. The property also includes one two-bedroom, 869-square-foot manager’s unit. The five-story community will be available to families and individuals earning 30 percent and 60 percent of local area median income. Designed by DE Architects and built by Walton Construction, Lexington Gardens will offer amenities such as onsite vehicle and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Witmer Manor
Affordable HousingCaliforniaInvestment SalesNewsWestern

CPP Acquires Witmer Manor Affordable Housing Complex in Los Angeles for $48.4 Million

by Channing Hamilton

LOS ANGELES — Community Preservation Partners (CPP) has purchased Witmer Manor, an affordable housing property in Los Angeles. Located at 1501 Miramar St. in Los Angeles’ Westlake neighborhood, Witmer Manor comprises eight three- and four-story, elevator-served buildings containing 142 studio and 96 one-bedroom units. Common area amenities include a laundry room and an onsite property management office. CPP is partnering with LifeSTEPS to provide onsite adult education, health-and-wellness and skill-building classes and services to residents. Originally built in 1930, the property was most recently renovated in 2005. CPP’s total development investment …

Continue Reading
0 FacebookTwitterLinkedinEmail
Andrew Leahy, IPA
CaliforniaInvestment SalesNewsPeople NewsWestern

IPA Appoints National Director of Multifamily

by Channing Hamilton

CALABASAS, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has hired Andrew Leahy as senior vice president and national director of IPA’s multifamily division. In this role, Leahy will lead IPA advisory teams across North America. Previously, he led investments for Elme Communities. He has also served with the Rockefeller Group, where he led acquisitions throughout the United States on behalf of domestic and global private equity investors. Leahy began his career as an analyst at The Blackstone Group.

Continue Reading
0 FacebookTwitterLinkedinEmail
800 Broadway
CaliforniaFinanceNewsWestern

Affinius Capital Originates $148.5 Million in Refinancing for San Diego Community

by Channing Hamilton

SAN DIEGO — Affinius Capital has originated a $148.5 million loan for the refinancing of 800 Broadway, a 40-story apartment building in San Diego. James Burrell of Northmarq arranged the financing on behalf of the borrower, Diamond Realty Investments. 800 Broadway features 356 market-rate units and 33 affordable units. The property features studio, one- and two-bedroom apartments, as well as two- and three-bedroom penthouses. 800 Broadway also includes 4,830 square feet of commercial space. Tenants have access to amenities such as a rooftop deck with a pool and hot tub, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Olume
CaliforniaInvestment SalesNewsWestern

Partnership Acquires 121-Unit Olume in San Francisco

by Channing Hamilton

SAN FRANCISCO — A partnership between Presidio Bay Ventures and Artemis Real Estate Partners has acquired Olume, a 121-unit apartment building located at 1401 Mission St. in San Francisco’s SoMa neighborhood, for $39.7 million. Olume offers 121 studio, one- and two-bedroom apartments. Amenities include a rooftop deck with a 360-degree view, lounge, coffee bar, pet park and electric vehicle charging stations. The asset was 95 percent occupied at the time of sale. The Main Post will manage the property. Matt Kroger, Ryan Wagner, Brandon Geraldo and Fatai Alashe of JLL …

Continue Reading
0 FacebookTwitterLinkedinEmail
Soto
CaliforniaDevelopmentNewsWestern

Partnership Breaks Ground on 200-Unit Community in Torrance, California

by Channing Hamilton

TORRANCE, CALIF. — A partnership between Legacy Partners and DWS Group has begun the construction of Soto, a 200-unit project in Torrance, roughly 30 miles west of Anaheim, California. The project team includes Westport Construction as the general contractor and Architects Orange as the designer.  Located at 3862 Carson St., Soto will offer studio, one- and two-bedroom floor plans. Units will range from 633 square feet to 1,118 square feet. Planned amenities include a rooftop pool and amenity deck with an indoor-outdoor fitness center, resident clubhouse, coworking area and two courtyards …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hawthorne
CaliforniaFinanceNewsWestern

Stockbridge, Wilson Meany Secure $170 Million Refinancing for Portfolio in San Mateo, California

by Channing Hamilton

SAN MATEO, CALIF. — Stockbridge and Wilson Meany have received a $170 million first mortgage for Bay Meadows Apartment Collection, a portfolio of four properties totaling 390 units in San Mateo, roughly 20 miles south of San Francisco. The portfolio offers a mix of studios, one-, two- and three-bedroom floor plans. The average unit size is 1,035-square feet. The portfolio also features a total 9,961-square feet of ground floor retail space. The four properties included in the portfolio are: The communities are located within the 83-acre Bay Meadows master-planned community, …

Continue Reading
0 FacebookTwitterLinkedinEmail
425 E Wellington Ave. in Santa Ana, California
CaliforniaFrom the MagazinesMarket ReportsWestern

Investment Sales Market Shifts in Southern California

by Channing Hamilton

The multifamily real estate market in Southern California, particularly in Orange County, is poised for significant shifts in 2025. The region has rebounded from the volatility of the COVID-19 pandemic but is still navigating regulatory pressures. In positive news, the rejection of Proposition 33 has averted the expansion of statewide rent control, offering a more favorable environment for investors. Amid elevated interest rates and a changing political landscape, the market presents both challenges and opportunities for buyers, sellers and investors alike. If passed, Proposition 33 would have allowed cities and …

Continue Reading
1 FacebookTwitterLinkedinEmail
Berkeley, California
CaliforniaLeasing & MarketingNewsOperationsWestern

RealPage Sues City of Berkeley Over Ban on Rent Pricing Software

by Channing Hamilton

BERKELEY, CALIF. — RealPage has filed a lawsuit against the city of Berkeley, California, over an impending ban on the use of rent pricing algorithms. The firm is seeking a judgment and injunction against the ordinance, which RealPage argues violates the First Amendment right to lawful speech. The company also asserts that the ordinance was adopted based on false claims regarding its revenue management software.  The Berkeley City Council voted to ban rent pricing software on March 25. The ordinance will go into effect on April 24, unless it is …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.