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.

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.

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.

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.

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.

In Case You Missed It: MHN’s Top 5 Posts in November

Miss any of our articles? Catch up with five of our most popular posts for the month.

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.

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.

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.

Wildfires’ Impact on California Housing

With two destructive and deadly fires still burning in the state, the local real estate industry faces major changes.