Market Rate Housing - West
Cities
-
Stepp Arranges Sale of Santa Monica Community
The community sold for a total of $4.3 million at a 3.7 percent cap rate. Stepp Commercial represented both parties in the deal.
15 October 2018 13:42 -
On the Market: 4 Interesting Listings for the Week of 10/8
This week's listings include a value-add opportunity north of NYC and a 1900-built, recently renovated community in a busy Richmond, Va., neighborhood.
12 October 2018 15:16 -
Top 10 Inland Empire Multifamily Transactions
The Inland Empire multifamily market continues to grow its inventory at a slow burn, further inflating rent rates and property values. One effect of this dynamic is its growing price per unit, which currently averages $156,020 across the metro, roughly $9,000 above the national average.
12 October 2018 14:08 -
West Hollywood Community Trades in All-Cash Deal
CBRE arranged the sale of a 24-unit property located approximately 9 miles from downtown Los Angeles. The brokerage company represented both the buyer and the seller in the deal.
11 October 2018 14:25 -
CBRE Brokers $93M Denver Community Sale
Dan Woodward, David Potarf and Matthew Barnett worked on behalf of the seller, a joint venture of TruAmerica Multifamily and Investcorp.
09 October 2018 13:18 -
IPA Brokers Sale of 224-Unit Property
Working on behalf of Fairfield Residential, the brokerage firm procured the buyer, a private investor. The community is located around 26 miles from downtown Los Angeles.
05 October 2018 14:46 -
On the Market: 5 Interesting Listings for the Week of 10/1
This week's listings include a recently renovated community across the street from the University of Miami; an historic five-story building in downtown New Britain, Conn.; and a Spanish Colonial Revival-style property in West Hollywood, Calif.
05 October 2018 13:10 -
LA-Area Community Trades for $93M
Institutional Property Advisors represented the seller and procured the buyer in the sale of Carillon Apartment Homes in Woodland Hills, Calif.
04 October 2018 16:53 -
TruAmerica Still Bullish on Value-Add Buys
Robert Hart talks about how to overcome challenges in hot West Coast markets and reveals why opportunity zones are not yet a target for the multifamily investment firm.
03 October 2018 15:58 -
JV Acquires Las Vegas Community for $50M
Tower 16 Capital Partners and Henley USA purchased a 540-unit multifamily project that Tower 16 will spend $7 million to upgrade.
03 October 2018 14:52 -
Inland Empire Builders Sells Phoenix Asset for $52M
Capital Foresight is the new owner of Avante Apartment Homes, a 428-unit community located near the city’s downtown area.
02 October 2018 17:18 -
CBRE Arranges Sale of OR Community
Phil Oester, Joe Nydahl and Josh McDonald brokered the sale of the asset, representing the seller, Marathon Management.
27 September 2018 13:17 -
On the Market: 5 Interesting Listings for the Week of 9/17
This week's roundup includes a luxury high-rise in the heart of Miami, a student housing opportunity in Baltimore and an adaptive-reuse property in the Richmond area, among others.
21 September 2018 17:23 -
CapitaLand Acquires $835M Portfolio
The properties include 16 communities located within the metropolitan areas of Seattle; Portland, Ore.; Los Angeles; and Denver. This marks the firm's entrance into the U.S. multifamily market.
21 September 2018 15:30 -
Riverside Community Gets New Management
UBS Realty Investors, the owner of the 2005-built, 256-unit Inland Empire asset, selected Alliance Residential Co. to oversee property operations.
19 September 2018 07:31