| Davlyn Investments Completes $95 Mil Sacramento Area Apartment Purchase
Davlyn Investments has purchased The Terraces at Highland Reserve, a 273-unit, Class A multifamily community in Roseville, CA, for $95 mil ($348k/unit). Constructed in 2002, the property will be re-branded as Ascent at the Ga...
| Trion Properties and Walker & Dunlop Buy 136-Unit Multifamily Community in the Sacramento Area
Trion Properties has acquired Bella Pointe Apartments, a 136-unit multifamily community in the Sacramento submarket of Rancho Cordova, for $18.25 mil or $134k per unit. Trion specializes in multifamily investments in western ...
| Oakmont Properties Buys Sacramento Multifamily Property in $92 Mil Deal
Oakmont Properties has acquired Alira Luxury Apartments, a 293-unit apartment community in the Natomas submarket of Sacramento, for $92.3 mil, or $315k/unit. The property was sold by AG Spanos Companies in an off-market trans...
| Two Sacramento Multifamily Properties Refinanced in Transactions Totaling $42.6 Mil
Two Sacramento area multifamily properties were refinanced in separate loan transactions totaling $42.6 mil. The deals were arranged by Greystone Real Estate Advisors’ Todd Vitzthum, Simon Hermann and Cody Field on behalf of ...
| New Report from Cushman & Wakefield and Greater Sacramento Economic Council Looks at Region's Growing Economy, Real Estate Demand and Effects of the Pandemic
This report provided by Cushman & Wakefield
A new report just published by Cushman & Wakefield, with support from the Greater Sacramento Economic Council (GSEC), examines and offers pre- and post-pandemic insights around the...
| Kennedy Wilson Boosts Its NoCal Brokerage Presence with Three New Hires and a Promotion
There's been three new hires and one promotion at the Concord office of Kennedy Wilson Brokerage, a division of Kennedy Wilson Property Services. Serving the Bay Area, Sacramento and Central Valley in Northern California, the...
| Nazareth Enterprises Buys Sacramento DaVita Kidney Care Facility
Nazareth Enterprises Inc has purchased a 14.8k sf DaVita Kidney Care facility at the College Square Shopping Center in Sacramento. The property, located at 8275 Bruceville Rd, sold for $11 mil ($743/sf).
| Oakmont Properties Wraps Up $118 Mil Multifamily Buy in Sacramento
San Rafael-based Oakmont Properties recently closed on the purchase of The Press at Midtown Quarter, a 277-unit, Class A multifamily property located in Midtown Sacramento, in a transaction valued at $118 mil ($426k/unit). We...
| Sacramento Apartment Property Goes for $178k/Unit
The Davenport, a 126-unit multifamily property in Sacramento, traded hands in a recent $22.5 mil ($178.5k/unit) deal. The property is located at 941 43rd Ave, north of Riverside Ave and west of I-5.
The seller, an affiliate ...
| EAH Housing Buys Downtown Sacramento Property for Residential Redevelopment Project
San Rafael-based EAH Housing acquired a 1.27-acre, urban infill, transit-oriented multifamily development site in the heart of the Broadway Corridor near downtown Sacramento. The property, located at 1901 Broadway, was sold b...
| Graceada Partners Spends $23 Mil on Sacramento Multifamily Property
Graceada Partners, through its Graceada Partners Fund II, acquired Westlake Apartments, a 148-unit residential community in Sacramento. From what we hear, the deal came in around $23.5 mil ($159k/unit). The property boasts a ...
| Davies Torrance Trust Pays $14.3 Mil for Fully Leased Class A Office Building in Sacramento’s Highway 50 Corridor
Gold Pointe Corporate Center Building E, a 63.2k sf, Class A office building in Gold River, CA, was purchased by Davies Torrance Trust in a $14.3 mil ($226/sf) transaction. The building, located at 11919 Foundation Place, abo...
| NoCal Multifamily Community Trades for $78.5k/Unit
Spring Mountain, a 184-unit residential community in Corning, CA, traded hands in a recent $14.45 mil ($78.5k/unit) transaction. Built in 1986, the property is located at 240 Edith Ave, off I-5 roughly 115 miles north of Sacr...
| RevOZ Capital Makes Opportunity Zone Investment in Downtown Sacramento
RevOZ Capital has formed a joint venture with Argosy Real Estate Partners to acquire a 127k sf office building in downtown Sacramento for redevelopment. The move reflects the continued emergence of the city’s Downtown Common...
| PCCP LLC and The Koll Company Buy 510k sf Industrial Portfolio
A joint venture of PCCP LLC and The Koll Company has acquired a 100% leased, 510.7k sf, eight-building industrial portfolio in West Sacramento, CA and Salt Lake City, UT for $41.3 mil ($81/sf). The seller was a private family...
| Cook Endeavors Spends $23 Mil on Sacramento Area Office Portfolio
Cook Endeavors, led by Robert Cook, closed on an eight-property, 170k sf office portfolio buy in the Sacramento area. The assets, which were sold by WHAL Properties, went for $23.05 mil. Cook, who was in the process of a 1031...
| Dignity Health Buys 28 Acres at Folsom Ranch Corporate Center
Dignity Health has purchased 28 acres of land at Folsom Ranch Corporate Center in the Sacramento area. This deal marks the first transaction at Folsom Ranch Corporate Center, a 240-acre, mixed-use development site.
| Jason Gallelli, Partner and President at Gallelli Real Estate, Passes Away
Jason Gallelli, Partner and President at Gallelli Real Estate in Roseville, CA, passed away suddenly Sunday morning.
Gary Gallelli, Jr., Partner, CEO, said “It is with a heavy heart that I announce the passing of my brother ...
| Bridge Investment Group Buys 339-Unit Sacramento Multifamily Community
The Fountains at Point West, a 339-unit multifamily property in Sacramento, was acquired by Bridge Investment Group, out of Salt Lake City, in an $85.15 mil transaction. The property, viewed as a value-add opportunity, is loc...
| Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
Brookfield Property Group purchased a seven-property, 80k sf multi-state industrial portfolio for $24.765 mil ($309/sf). The single-tenant assets, located in prized infill locations, all in top U.S. metropolitan areas, were s...