Western

Marcus & Millichap Arranges $11.2M Sale of Molokai Apartments in San Diego

by Lynn Peisner September 22, 2026

SAN DIEGO — Marcus & Millichap has arranged the $11.2 million sale of The Molokai Apartments, a 39-unit property in San Diego. Austin Ray Huffman and Chris Zorbas, of the Zorbas Huffman Group based out of Marcus & Millichap’s San Diego office, listed the property on behalf of the seller, Vista International Inc. The buyer, a private investor, was represented by Michael Wolf of Coldwell Banker West. Built in 1971, The Molokai Apartments is a 32,204-square-foot property situated on about 1 acre at 5055 73rd St. in San Diego’s College …

September 22, 2026

Finance Investment Sales News Washington Western

Mesa West Funds $27M Loan for Timberland Partners’ Acquisition of Metro Seattle Asset

by Lynn Peisner September 21, 2026

ISSAQUAH, WASH. — Mesa West Capital has funded a $27 million acquisition loan for Timberlane Partner’s purchase of Vista Ridge, a 91-unit community in Issaquah, 17 miles southwest of Seattle. The seller was Vancouver, British Columbia-based Belkorp Holdings. The total acquisition cost was $37 million. Vista Ridge is an eight-building, garden-style community located at 201 Mountain Park Blvd. SW. Built in 1992, the property spans 7 acres and consists of two- and three-bedroom units with an average size of 1,106 square feet. Community amenities include a fitness center, covered parking, …

September 21, 2026

Affordable Housing California Investment Sales News Western

Marcus & Millichap Arranges $8.6M Sale on Santa Catalina Island

by Lynn Peisner September 18, 2026

AVALON, CALIF. — Marcus & Millichap has arranged the sale of Tremont Street Apartments, a 62-unit affordable housing property in Avalon, the only incorporated city on Santa Catalina Island. The asset sold for approximately $8.6 million. The seller was a limited partnership known as Black Rose Catalina, and the buyer was Newport Beach, California-based Tailwind Investment Group. Arteen Zahiri and Tony Azzi, both members of the Azzi Group in Marcus & Millichap’s Los Angeles office, represented the seller and procured the buyer. The apartment community, built in 1983, operates under …

September 18, 2026

California Investment Sales News Western

Investor Pays $26.6M for Central California Asset

by Lynn Peisner September 18, 2026

MODESTO, CALIF. — The Mogharebi Group (TMG) has arranged the $26.6 million sale of The Marc at 1600, a 100-unit community in Modesto. The seller was San Francisco-based Tesseract Capital Group, and the buyer was an undisclosed family office. Located at 1600 Standiford Ave., the community consists of one- and two-bedroom units with an average size of 798 square feet. TMG’s team, representing the seller, was led by Otto Ozen, Brian Nakamura and Nazli Santana.

September 18, 2026

Investment Sales News Oregon Western

Bender Equities Sells Two Oregon Properties for $83M

by Lynn Peisner September 16, 2026

CORVALLIS, TALENT ORE. — Bender Equities has sold two properties in Oregon to Verdant Development Inc. for $83 million. Oak Vale is a 257-unit property in Corvallis, and Anjou Club in Talent is comprised of 181-units. Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon and Nick Ruggiero of IPA, in association with David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller. Oak Vale is a 31-building property built in two phases in 1973 and 1995 on approximately 16 acres. Amenities include a lounge, game room, fitness …

September 16, 2026

Affordable Housing Finance News Washington Western

Newmark Arranges $55M Refinancing for Swell Apartments in Seattle

by Lynn Peisner September 16, 2026

SEATTLE — Newmark has arranged a $55 million loan on behalf of Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald to refinance Swell Apartments, a 200-unit community in Seattle. Jordan Roeschlaub, Chris Kramer, Sam Speciale and Lance Tillman arranged the financing with Tokyo-based ORIX, a commercial real estate finance and investment firm. Completed in 2024, Swell Apartments, in Seattle’s Yesler Terrace neighborhood, is comprised of market-rate and affordable units — restricted to tenants earning 60 to 80 percent of area median income — and amenities such as a rooftop …

September 16, 2026

Colorado Investment Sales News Western

JB Matteson Acquires Vantage at Loveland in Colorado for $72.3M

by Lynn Peisner September 15, 2026

LOVELAND, COLO. — JB Matteson has acquired the 288-unit Vantage at Loveland from Vantage Communities for $72.3 million, according to Larimer County property records. Loveland is 50 miles north of Denver. Greg Parker and Jason Hornik out of Marcus & Millichap’s Denver office arranged the sale on behalf of the seller. Completed in 2024, Vantage at Loveland features a resort-style pool, clubhouse, fitness center, and outdoor recreation areas. Apartments have washers and dryers, walk-in closets and kitchen islands. JB Matteson is a San Mateo, California-based property management and investment firm. …

September 15, 2026

Affordable Housing California Development News Western

MidPen Housing and Partners Complete Jessie Street Terrace in Santa Cruz, California

by Lynn Peisner September 10, 2026

SANTA CRUZ, CALIF. — MidPen Housing has completed and opened Jessie Street Terrace, an affordable housing redevelopment in Santa Cruz. Formerly a 14-room hotel, Jessie Street is now comprised of 50 studio and one-bedroom permanent supportive housing units reserved for tenants earning between 20 and 50 percent of area median income. About half the apartments are reserved for veterans, while others are set aside for people who have previously experienced homelessness. MidPen Property Management manages the property. Through partnerships with Palo Alto Veterans Affairs and the County of Santa Cruz …

September 10, 2026

California Investment Sales News Western

Northmarq Arranges $23.5M Northern California Sale

by Lynn Peisner September 10, 2026

UKIAH, CALIF. — Northmarq has brokered the $23.5 million sale of a two-property portfolio in Ukiah, 115 miles north of San Francisco. The properties are Sierra Sunset Village (68 units) and Alderwood Apartments (53 units). Zach LeBeouf and Anthony Pappageorge led Northmarq’s Walnut Creek Investment Sales team, which represented the seller, Capital Investors LLC. The name of the buyer was not disclosed. Sierra Sunset Village features predominantly two-bedroom apartments and a pool, fitness center and outdoor picnic area. Alderwood Apartments offers a mix of two- and three-bedroom units along with …

September 10, 2026

Affordable Housing Colorado Development Finance News Western

Developers Awarded Tax Credits for Colorado Affordable Housing Project

by Lynn Peisner September 9, 2026

CLIFTON, COLO. — Housing Resources of Western Colorado (HRWC) and Evergreen Real Estate Group have been awarded 9 percent Low-Income Housing Tax Credits (LIHTC) for the development of Crawford Commons Apartments in Clifton, about 7 miles east of Grand Junction, Colorado. The 60-unit affordable housing community will provide townhome-style units to renters earning between 30 and 80 percent of area median income. LIHTC investors and syndicators were not announced. Holst Architecture is the architect, and Shaw Construction will serve as general contractor. The community will be built on land donated …

September 9, 2026

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