Multifamily news in Sacramento
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Rehab Complete on Affordable Sacramento-Area Property
Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.
08 May 2019 14:44 -
ACI Facilitates Sale of Sacramento Property
Senior Associate Doug Taber brokered the $4 million sale on behalf of the seller. The buyer was self-represented in the deal.
23 April 2019 16:19 -
29th Street Capital Names New SVP
The company has added Kevin Smith to lead its multifamily development activity. He brings 25 years of experience to his new position.
10 April 2019 11:13 -
South Coast Commercial Buys NorCal Community
The firm financed the acquisition of the fully occupied Class B asset with a 15-year, $7 million mortgage from Banc of California.
04 April 2019 17:22 -
SKK Developments, Grupe Co. Complete Sacramento Community
The newly completed property is located in the heart of Sacramento near major thoroughfares such as Interstate 80 and Freeway 50.
04 April 2019 15:57 -
Largest US Student Housing Project Breaks Ground
Developed by the Michaels Organization and designed by Stantec, the $575 million UC Davis West Village community will have a total of 3,300 beds, with 1,000 scheduled for delivery by fall 2020.
27 February 2019 14:00 -
NorCal Asset Trades for $18M
Paradise Apartments in Chico changed hands for $110,976 per unit. The Mogharebi Group worked on behalf of both parties in the transaction.
12 February 2019 11:49 -
EVs Roll Out of California With Real Estate Partnerships
More than 100 apartment communities, workplaces and hotels have signed on to provide Envoy Technologies’ electric vehicles as an on-site amenity.
31 January 2019 08:18 -
Sacramento’s Rent Growth Still Strong, Not Dazzling
The trend is sustained by an ongoing influx of new residents from pricier Bay Area markets and a limited multifamily supply.
23 January 2019 13:51 -
Top 5 Communities Under Construction in Sacramento
With more than 5,500 projects underway—including the city's largest in several decades—and strong employment gains, Sacramento remains a hot multifamily market.
17 December 2018 12:28 -
Sacramento-Area Community Changes Hands
MJD Capital Partners paid more than $8 million for the 66-unit, Class C multifamily asset, situated 10 miles northeast of the city’s downtown.
13 December 2018 13:07 -
Pacific American Trades Sacramento-Area Affordable Property
WNC & Associates partnered with the Foundation for Affordable Housing to purchase the 95-unit multifamily asset. The acquisition was funded with $7.4 million in Freddie Mac financing.
23 November 2018 14:03 -
Sentinel Sells Sacramento Community
Oakmont Properties paid $44 million for the 168-unit multifamily asset, with CBRE Capital Markets originating more than $25 million in acquisition financing.
23 November 2018 13:59 -
The Element at Sacramento State University Changes Hands
The 216-unit student housing community was 100 percent occupied at the time of the sale to NB Private Capital. The property underwent major renovations in 2016.
20 November 2018 14:55 -
Wildfires’ Impact on California Housing
With two destructive and deadly fires still burning in the state, the local real estate industry faces major changes.
14 November 2018 16:30