West
TODAY’S DEALS: IPA Brokers $19M California Property Sale at $204 Per Square Foot
IPA arranged the sale of Il Pompeii Apartments, a 111-unit luxury apartment community; and Jason Cohen Pittsburgh sells a property at a 350 percent premium.
Beal Derkenne Construction to Build Arizona Student Housing Community
Beal Derkenne Construction has started construction on Park Avenue, in Tucson, Ariz.
CIM Group Sells Historic Hollywood Boulevard Apartments
SEVENTY46, a 1920s-era, neo-Gothic style, Hollywood Blvd. apartment building, has been sold to Kambiz Hakim, a private real estate investor and developer, and his sons Alexander and Steven.
CBRE San Diego Arranges Sale of $29 Million Community
The San Diego team at CBRE, a commercial real estate services and investment firm, has arranged the sale of a 60-unit multifamily community in La Jolla, Calif.
Joint Venture Begins Construction on $260M Mixed-Use Property in California
Phoenix Property Company has joined forces with Paragon Commercial Group and Lincoln Property Company to develop Runway, a new $260 million mixed-use center in the heart of the Playa Vista, Calif., community.
Auction.com Promotes Jake Seid to Co-President and Opens Silicon Valley Office
Auction.com announced that it has promoted Jake Seid to co-president, with shared oversight of all day-to-day operations, and established an office in Belmont, Calif., to tap the talent pool in Silicon Valley.
NAI Capital Closes $10.5 Million Apartment Community Transaction
Preservation Partners and Clifford Beers Housing have purchased Banning Villa Apartments, a 90-unit affordable housing community for seniors in Wilmington, Calif., for $10.5 million from VPP Banning Villas Apartments VP.
Investor Buys Distressed Tucson Multifamily Property
Variant Commercial Real Estate has acquired Pebble Creek, an apartment community in Tucson, Ariz. The purchase was made through a successful involuntary bankruptcy plan.
Court Verdict Allows Carmel Partners to Keep SF Apartment Property
California Superior Court Judge Marla J. Miller has ruled in favor of the defendants in a case involving a loan originally taken out before the credit freeze and subsequent economic crisis of 2008 for the acquisition of an apartment property in San Francisco.
Meta Housing Completes $43M Multifamily Redevelopment in LA’s Chinatown
Meta Housing Corp. has completed the redevelopment of The Metro at Chinatown Senior Lofts, formerly vacant, which is now a transit-oriented, affordable senior housing property in Los Angeles’ Chinatown.