Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Cobalt Apartments, a 135-unit multifamily property with 14,754 square feet of ground-floor retail in the West Los Angeles-Culver City area of... Read more »
Colliers arranged a five-property apartment portfolio sale for longtime client Rio Properties, closing separate transactions valued at approximately $30 million in total. The assets are situated across the Venice, Oakland, Los Angeles... Read more »
Managing directors Ed Rosen and John Chu and SVP Tyler Sinks have joined Northmarq’s multifamily investment sales platform in its San Diego office. The team was most recently with Berkadia, and collectively has completed nearly... Read more »
The Colliers Structured Finance Group (SFG) has closed a $27,765,000 Fannie Mae loan for the refinancing of Edgeway, a 91-unit multifamily property in Bellflower. The loan is priced at 5.5% for five... Read more »
Marcus & Millichap said Monday that multifamily investment advisors Kyle Pinkalla and David Stollenwerk have joined Institutional Property Advisors (IPA), a division of Marcus & Millichap. Pinkalla joins IPA in San Diego... Read more »
Developers broke ground on a little more than 8,000 market-rate apartments last year in Los Angeles County — the fewest since 2012. The number of apartments now under construction in the county... Read more »
Top prices for Los Angeles multifamily properties in 2023 couldn’t compare with the previous year. A $125 million sale topped the 2023 list, about four times less than the $504 million trade... Read more »
Crescent Communities plans to break ground this month on a 237-unit apartment complex north of Charlotte, on the Lake Norman shorefront. The Charlotte Business Journal reports Crescent acquired just over 15 acres... Read more »
As we prepare to reset ahead of the new year, there are indicators that 2024 may not be the clean break from 2023 many are hoping for. The latest Multifamily Rent Report... Read more »
The U.S. Department of Housing and Urban Development (HUD) on Thursday announced an investment of $173.9 million in loans and grants under the Green and Resilient Retrofit Program’s (GRRP) “comprehensive” and “elements”... Read more »