Bell Partners Adds to Arlington Portfolio
Bell Partners has acquired Vista on Courthouse, a 220-unit apartment building in Arlington, Va., from Equity Residential, according to the buyer, which is renaming the building Bell at Courthouse. The...
View ArticleCalif. Voters Reject New Rent Control Measure
California’s ballot measure for new statewide rent control, Proposition 21, has failed. The measure would have allowed jurisdictions to add more restrictions on rent increases. Supporters said it would...
View ArticleEquity Residential Sells Santa Monica Beachside Apartments for $40M
Like most real estate in Santa Monica, Calif., multifamily deals come few and far between. That’s where we find the Citrus Suites Apartments, a 70-unit complex near the Santa Monica Pier that just...
View ArticleNYCB, Harbor Group International Lend $93M on New Jersey Rental Property
New York Community Bank (NYCB) and Harbor Group International (HGI) have combined to supply a $93 million debt package to Khosla Capital and DKJ Equity to help fund the pair’s purchase of Prospect...
View ArticleSam Zell’s Equity Residential Unloads 454 Units in LA for $275M
Major multifamily investment is flowing in Southern California. Sam Zell’s Equity Residential has unloaded two adjacent properties with 454 units in Hermosa Beach in Los Angeles County’s South Bay for...
View ArticleWaterford Strikes Another Multifamily Deal With Equity Residential
Waterford Property Company is capping 2021 by buying yet another big multifamily property with plans to immediately lower rents. Waterford and the California Statewide Community Development Authority...
View ArticleSam Zell Offloads Former Trump Place to A&E for $266M
Sam Zell’s Equity Residential sold a formerly branded Trump Place Upper West Side apartment tower — which ditched Trump’s name in 2016 — for $266 million, according to brokerage CBRE. A&E...
View ArticleA&E Real Estate Buys 160 Riverside Boulevard for $415M
Well, there were rumors of a summer slowdown for the investment sales market, but some big, closed transactions are turning that notion firmly on its head. Case in point, A&E Real Estate has...
View ArticleSquare Mile Lends $286M on A&E’s 160 Riverside Boulevard Buy
A joint venture led by A&E Real Estate has landed $285.8 million of acquisition financing to purchase a multifamily property on Manhattan’s Upper West Side. Square Mile Capital Management...
View ArticleJesse Stein, Airbnb’s Global Real Estate Head, On Multifamily Partnerships
Airbnb started in 2008 when two of its co-founders, Brian Chesky and Joe Gebbia, couldn’t afford their San Francisco rent. To raise some quick cash, the duo took advantage of a designers conference...
View ArticleSam Zell, Real Estate Billionaire, Dead at 81
Sam Zell, a son of World War II refugees who became founder and chairman of Equity Residential, and whose skill and instincts in real estate made him a billionaire, died Thursday at age 81, according...
View ArticleDC Attorney General Begins Antitrust Probe Into Housing Industry ‘Targets’
District of Columbia Attorney General Brian Schwalb has launched an antitrust investigation into targeted companies in the housing industry over alleged noncompetitive behavior, according to a letter...
View ArticleAnaheim Multifamily Community Sells for $79M
A 254-unit multifamily property in Anaheim, Calif., has sold after hitting the market for the first time in 50 years. Chateau de Ville, at 2020 West Alameda Avenue, was purchased by Palos Verdes...
View Article