Featured Press

November Initiative Has Potential to Raise Taxes Dramatically; Split Roll Tax Would Have Significant Impact on Commercial Real Estate Click Here for Downloadable Report Initiative is the largest proposed tax increase in California history. Proposition 15 would require counties to reassess most commercial properties every three years and be taxed at market value rather than…

The presumptive Democratic nominee’s plan would cost $775 billion over 10 years. Joe Biden, the presumptive Democratic candidate for president, today unveiled a 10-year, $775 billion plan to fund universal childcare and in-home elder care that would be paid for by taxing real estate investors. During a live appearance in Delaware this afternoon, Biden said…

BUENA PARK, CA, May 8, 2020 – The Leeson Group is pleased to announce the sale of Casa Andini, a 24-unit apartment property located in Buena Park, CA. Situated on a 0.89-acre lot, the 20,784 square foot property consists of one- and two-bedroom floor plans, each with a den, and offers amenities including security doors,…

WEST COVINA, Calif., April 3, 2020 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $31.95 million sales price equates to $375,882 per unit. “South Hills Apartments is poised to benefit from the San…

Seville Apartments in Whittier, Calif., features 77 units in a mix of one and two bedroom floor plans. WHITTIER, CALIF. — Marcus & Millichap has negotiated the sale of Seville Apartments, a multifamily property located in Whittier. A private investor acquired the asset for $20.1 million, or $261,039 per unit. Situated 12 miles southeast of…

A joint venture between Priya Living and an investment fund controlled by, or about $328,000 per unit, from PRC Newport LLC. PRC, a holding company controlled by local investor Martin Campbell, had just acquired the property in July 2018 from another local owner for $26.5 million, or about $301,000 per unit, according to CoStar data.…

Local investor A & M Properties acquired the 63-unit apartment building at 16102 Springdale St. in Huntington Beach, California, for $20 million, or about $317,000 per unit, from an individual owner from Westminster, California. This sale marks the first time that The Lamplighter has traded since it was originally built in 1968. The two-story, 48,355-square-foot multifamily property…

TUSTIN, Calif., March 2, 2020 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Terra at Tustin, a 116-unit apartment property in Tustin, California. The asset sold for $41 million, which equates to $353,448 per unit. “Prior ownership invested significant capital in common area and in-unit improvements and new ownership can…

SANTA ANA, CA, March 1, 2020 – The Leeson Group is excited to announce the sale of Ten Sixty Apartments, a 25-unit apartment property located in Santa Ana, CA. Located at 1060 West 17th Street, Santa Ana, CA this multifamily investment property consisting of one- and two-bedroom units, sold as is for $4,950,000. Ten Sixty…