Trails at 2112 Apartments Modesto The Mogharebi Group Northern California

97-Unit Modesto Apartment Community Sells for $17.6MM

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MODESTO, Calif.--The Mogharebi Group ("TMG") has completed the sale of Trails at 2112 Apartments, a 97-unit community in Modesto. The property sold for $17,550,000 with multiple offers ($180,927 per...
BRIDGE Housing, Portland, San Francisco, Los Angeles, Seattle, Irvine, San Diego

Cynthia Parker Resigns from BRIDGE, Susan Johnson Appointed Interim President & CEO

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SAN FRANCISCO, CA, March 23, 2021---Cynthia Parker, President and CEO of BRIDGE Housing, announced her resignation today for personal reasons. Ms. Parker has been on leave of absence since...
Bayview apartments Emeryville CIM AMCAL San Francisco Bay Area Gortikov Capital

CIM Closes $89MM Construction Loan 186-Unit Bayview Development in Emeryville

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LOS ANGELES--CIM Group, a community-focused real estate and infrastructure owner, operator, lender, and developer, announced today that it has closed an $89 million construction loan to AMCAL, a leading...
Sacramento, Marcus & Millichap, McClellan Court Apartments, North Highlands, Palo Alto

Sacramento Multifamily Asset Sells for $18.5MM

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Marcus & Millichap Capital Corporation arranged $13,875,000 in acquisition financing. NORTH HIGHLANDS, Calif.,March 22,2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales,...
Sacramento, Gold River, USA Properties, Aurora, Nella Invest, East West Bank

USA Properties Kicks Off Construction of 162-Unit, $48MM Project in Gold River

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Former Sacramento Regional Transit property will become high-density housing with a clubhouse, heated swimming pool, dog park and bike repair station – all about a mile from the American...
Newport at Compass Bay, Newark, Zillow, Trumark

Trumark Homes Opens Model Homes at Waterfront Newark Community

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With Newark home values up 8.9% from 2020, Trumark debuts Newport at Compass Bay model homes  Newark, Calif. — Trumark Homes, an award-winning California homebuilder, today announced that model homes at its...
Affirmed Housing, 1371 Kooser Rd., San Jose, Kidder Mathews, Bay Area Council Economic Institute, U.S. Census Bureau

200-Unit Affordable Home Complex Pitched for Former San Jose Retail Site

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By Meghan Hall A retail property in the suburbs of San Jose could be transformed in the coming years after shuttering last year due to the coronavirus pandemic. At the...
California State Teachers Retirement System, CalSTRS, San Francisco, Bay Area, Southern California, BCal II, Beacon Capital Partners, Cal Hearthstone Debt JV, Hearthstone, PacificCal PC Core, PCCP, PacificCal VII

CalSTRS Allocates $1.3B for New Real Estate Opportunities Across West Coast Markets

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By Jon Peterson California State Teachers Retirement System (CalSTRS) has issued $1.3 billion of new capital into three joint ventures with managers that will in part be looking to invest across...
Signature Development Group, TCA Architects, Brooklyn Basin, Oakland, Midpen, SRM Development, Essex, Cityview, Zarison

Oakland’s Brooklyn Basin Comes to Life as Next Phase of 64-Acre Project Kicks Off

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By Meghan Hall Signature Development Group has been on a two-decades long quest to transform the Oakland waterfront, transforming it form a heavily-used industrial parcel into a mixed-use waterfront district....
Menlo Park, HIP Housing Development Corporation, San Mateo

Menlo Park Awards $5.5MM in Funding for Affordable Housing

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On Feb. 23, 2021, City Council unanimously approved a $5.5 million loan from the city’s below market rate (BMR) housing fund to HIP Housing Development Corporation to assist in...

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