THE CHALLENGE: An investment group tasked The Leeson Group to sell a 5-property multifamily portfolio located in three different submarkets. The seller’s goals were to consolidate equity for a 1031…
read moreThe Leeson Group of Marcus & Millichap sold the 16-unit apartment complex at 372 W. Bay St. in Costa Mesa, California, for nearly $5.8 million, or over $362,000 per unit,…
read moreBy SAMANTHA GOSAMANTHA GOWENWEN | sgowen@scng.comsgowen@scng.com | Orange County Register County Register Solare Apartments, a 240-unit apartment complex in Santa Ana, has been sold for $63.75 million, or $265,625 per…
read moreAfter Large Decline, Orange County Apartment Rents Rise Above Pre-Pandemic Levels While the Orange County apartment market in Southern California had recorded some of the largest rent losses in the…
read moreQ: What is Proposition 21? Proposition 21 is an initiative on California’s November ballot that will repeal the current statewide Costa-Hawkins law that mandates how local governments can implement rent…
read moreEvictions Under the COVID-19 Tenant Relief Act Extends notice period from 3 to 15 days (not including weekends or holidays) to provide tenant additional time to either pay or provide…
read moreThe Leeson Group of Marcus & Millichap’s Newport Beach office, closed escrow on over two dozen properties in the first quarter of 2020, totaling over $188 Million. In January alone,…
read more