CBRE has arranged the sale of a mixed-use property comprising 12 residential apartment units and a street-front retail building in Costa Mesa, California. Acquired by a local private investor for US $3.2 million, the transaction represented a selling price of US $425 per square foot (or US $246,154 per unit) as the property exchanged hands…
multifamily
CBRE has brokered the sale of a four-unit multifamily property in Orange County, California for US $1,590,000, representing 99 per cent of the list price and US $462 per square foot.CBRE’s Executive Vice President Dan Blackwell, Vice President Sean Farag, and Associate Amanda Fielder represented the Orange County-based 1031 exchange seller in the sale of…
Cushman & Wakefield has brokered the sale of a 397 unit garden-style multifamily development site on 18 acres in Rocklin (Sacramento), California. The site was acquired by Advanced Building Solutions (ABS), a full-service development and construction company based in Petaluma, California for US $19 million, or approximately US $47,850 per unit. The seller was a…
CBRE has arranged the US $4.25 million sale of a 12-unit multifamily property in Anaheim, California to a private investor as part of a 1031 exchange. The sale realized US $354,166 per unit or US $324 per square foot 1031 exchanges are transactions that swap an investment property for another, allowing capital gains taxes to…
Cushman & Wakefield has facilitated the sale and debt financing for Vespaio, a multifamily community in central San José, California. The 162-unit Class A property, situated at 130 Stockton Ave, offers a highly amenitized living experience in the heart of Silicon Valley. The seven-story complex, completed in 2020, spans approximately 164,511 square feet of residential…
Cushman & Wakefield has served as exclusive advisor to a joint venture between Legacy Partners and Affinius Capital for the financing of Maris, a new Built Green certified luxury apartment development in Seattle, Washington. The property at 4722 Fauntleroy Way SW in West Seattle comprises 306 units and features 9,369 square feet of ground floor…
Cushman & Wakefield has welcomed a multifamily brokerage team with a three-year transaction record of US $445 million at its Colorado Springs location. The team which joins from Capstone Apartment Partners, will provide full-service solutions to multifamily investors and developers in the Colorado and New Mexico markets. Notable transactions brokered by the team include the…
Cushman & Wakefield has brokered a US $110 million refinancing deal with Citibank for Met Tower, a multifamily high-rise development at 1942 Westlake Avenue in Seattle, serving as exclusive advisor to Low Tide Properties and Continental Properties. Met Tower is a 366-unit luxury apartment property. Originally built in 2001, the property features studio, one- and…
Mark Lodmill, MAI has joined Cushman & Wakefield’s Valuation and Advisory (V&A) Living Sectors practice in Denver as an Executive Director. With more than 25 years’ real estate appraisal and consulting experience, Lodmill focuses on multifamily valuations throughout Colorado’s front range, western slope and high-country regions including Denver, Boulder, Greeley, Fort Collins, Grand Junction, Durango,…
Savills Investment Management (Savills IM) has completed investments in the office and residential sectors in Japan, as well as its acquisition of a local neighbourhood shopping centre in Australia for its flagship pan-Asian fund. In Japan, Savills IM has acquired a high-quality office in Greater Tokyo. The multi-tenant building totals approximately 5,500 sqm of rentable…
Cushman & Wakefield and commercial real estate finance company Greystone Servicing Company LLC have recruited a team led by former CBRE Capital Markets Executive Vice President, Craig Branton, to their multifamily equity, debt and structured financing (EDSF) operation in Denver, Colorado. Branton, who joins Cushman & wakefield as Vice Chairman, brings his extensive background in…
Cushman & Wakefield has welcomed a six-member multifamily brokerage team with over 225 recorded sales across almost 10,000 residential units and transactions exceeding US $1.5 billion to its office in Seattle. The distinguished team which is led by Tim McKay, Sam Wayne, Dan Chhan and Matt Kemper, has negotiated several, significant tansactions during the past…