Friday, February 28, 2025
Read the Digital Magazines Subscribe to the Newsletter

California

Moreland Apartments in San Jose, California
Affordable HousingCaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $71 Million Sale of Affordable Housing Community in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of Moreland Apartments, a 160-unit affordable housing community in San Jose. The asset traded hands for $71 million. Mitchell Zurich, Kirk Trammell, David Cutler and Joshua Johnson of Marcus & Millichap represented the seller, the original developer of the property, and procured the buyer.  Moreland Apartments consists of eight two-story residential buildings and one single-story amenities building on an 8-acre site. Apartments come in one- and two-bedroom floor plans. Townhome units come in three-bedroom layouts. Income restrictions for the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Millennium PQ in San Diego
CaliforniaInvestment SalesNewsWestern

The Dinerstein Cos. Sells 331-Unit Millennium PQ in San Diego for $167 Million

by Channing Hamilton

SAN DIEGO — The Dinerstein Cos. has completed the disposition of Millennium PQ, a 331-unit property located in San Diego’s Rancho Penasquitos neighborhood, to GID Real Estate Investments. The garden-style community traded hands for $167 million. Hunter Combs led the Walker & Dunlop investment sales team that represented the seller and buyer in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaFinanceInvestment SalesNewsWestern

MMCC Brokers $3.4 Million Acquisition Financing for 30-Unit Property in Lompoc, California

by Channing Hamilton

LOMPOC, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $3.4 million for the acquisition of a 30-unit community located at 701-717 N. F Street in Lompoc, 54 miles northwest of Santa Barbara, California. The property consists of five buildings, each housing six two-bedroom units. Ron Balys of MMCC’s Orange County office secured the loan, which features a one-year loan with an interest rate of 11.5 percent. A western based fund provided the financing. The borrower was a local investment management company.

Continue Reading
0 FacebookTwitterLinkedinEmail
BerkadiaCaliforniaInvestment SalesNewsWestern

Berkadia Arranges $24.1 Million Sale of Prosper 89 in Las Vegas

by Channing Hamilton

LAS VEGAS — Berkadia has arranged the sale of Prosper 89, an 89-unit property in Las Vegas. Nevada-based Turtle Bay 89 sold the asset to California-based Benedict Canyon Equities for $24.1 million. Jared Glover of Berkadia Las Vegas facilitated the deal on behalf of the seller. Prosper 89 is located at 10750 El Camino Road. Units come in one- and two-bedroom floor plans and feature private garages. Amenities include a pool, clubhouse, business center, fitness center and open grass areas.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment SalesNewsWestern

Cityview Acquires 130-Unit Tralee Village Apartments in Dublin, California

by Channing Hamilton

DUBLIN, CALIF. — Cityview, an investment management and development firm based in Los Angeles, has acquired Tralee Village Apartments in the Oakland, California suburb of Dublin. Jason Parr of Berkadia brokered the deal. The seller was not disclosed. Tralee Village Apartments was originally built in 2011. Located at 6599 Dublin Boulevard, the three-story community features 130 units spread across two buildings. Apartments come in one-, two- and three-bedroom floor plans. The property also includes more than 30,000 square feet of curated ground-floor retail. Amenities include a pool and spa, fitness …

Continue Reading
0 FacebookTwitterLinkedinEmail
Kanvas in Los Angeles
CaliforniaFinanceNewsWestern

Priority Group Brokers $21.6 Million Recapitalization for Kanvas in Los Angeles

by Channing Hamilton

LOS ANGELES — Priority Capital Advisory (PCA) has arranged $21.6 million in financing for the recapitalization of Kanvas, a 67-unit community in Los Angeles’ Koreatown submarket. Zachary Streit of PCA arranged the financing through BOLOUR. EGC Real Estate Group was the borrower.  The unit mix includes 13 studios, 33 one-bedroom and 21 two-bedroom apartments. Seven units are set aside as affordable. Amenities include a rooftop amenity deck, fitness center, courtyard, storage space, bicycle parking and underground and surface vehicle parking. The property also includes 1,105 square feet of ground-floor retail space.

Continue Reading
0 FacebookTwitterLinkedinEmail
Two Fourplexes on 22nd St. in Huntington Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers Sale of Two Fourplexes in Huntington Beach, California, for $5.4 Million

by Channing Hamilton

HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of two properties in Huntington Beach: a fourplex at 321 22nd St. and the adjacent fourplex at 317 22nd St. Both assets sold for $2.7 million, resulting in a combined sales price of $5.4 million. Dan Blackwell and Mike O’Neill of CBRE represented both the buyer and seller in the two deals. The buyer was a private investor based in Westminster, California. The seller was based in Huntington Beach.  Built in 1972, each of the two buildings spans 4,101 square feet. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Le Chateau Apartments in Anaheim, California
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $27.5 Million Sale of Le Chateau Apartments in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — Marcus & Millichap has arranged the sale of Le Chateau Apartments, a 76-unit asset in Anaheim. The asset traded hands for $27.5 million. Tyler Leeson, Matt Kipp and Nicholas Kazemi of Marcus & Millichap represented the seller in the deal, while Drew Holden procured the buyer. Le Chateau Apartments was built in 1964. The community offers apartments and townhome-style units in two-bedroom floor plans. Amenities include four on-site laundry facilities, a clubhouse and gated garage.

Continue Reading
0 FacebookTwitterLinkedinEmail
Beachwood Apartments in Huntington Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $8.7 Million Sale of Beachwood Apartments in Huntington Beach, California

by Channing Hamilton

NEWPORT BEACH, CALIF. — CBRE has arranged the sale of Beachwood Apartments, an 18-unit community in Huntington Beach. The asset traded hands for $8.7 million. Dan Blackwell and Mike O’Neill of CBRE represented both the buyer and seller in the deal. The seller was a repeat client based in Huntington Beach, California. The buyer was an undisclosed private investor headquartered in Fountain Valley, California. Beachwood Apartments was built in 1971 at 125 16th Street. The community totals 0.4 acres across six lots. Units come in one-, two- and three-bedroom floor …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Rise Walnut Creek in Walnut Creek, California
CaliforniaInvestment SalesNewsWestern

Institutional Property Advisors Negotiates Sale of 97-Unit The Rise Walnut Creek in Walnut Creek, California

by Channing Hamilton

WALNUT CREEK, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Rise Walnut Creek, a 97-unit community in Walnut Creek, about 16 miles east of Oakland, California. Hines purchased the asset from Rescore for an undisclosed price. Alex Tartaglia, Stanford Jones, Philip Saglimbeni and Salvatore Saglimbeni of IPA represented the seller and procured the buyer in the deal. The Rise Walnut Creek was completed in 2023. Units come in studio, one-, two- and three-bedroom layouts. Apartments feature washers and dryers, wide plank flooring …

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