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Anaheim Multifamily Community Chateau de Ville Sells for $79 Million

Anaheim Multifamily Community Chateau de Ville Sells for $79 Million

by Phil Hall | Feb 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Marcus & Millichap (NYSE:MMI) announced the sale of Chateau de Ville, a 254-unit multifamily property in Anaheim, California for $79 million, or $311,326 per unit. Built in 1970 on nine acres, Chateau de Ville is a 21-building, controlled-access community with a...
Texas-Based Construction Law Firm Opens First California Office

Texas-Based Construction Law Firm Opens First California Office

by Phil Hall | Feb 20, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Cromeens Law Firm, a Houston-headquartered construction law firm, has opened its newest office in California, the firm’s fourth location and the first based outside of Texas. The California office is based in the Los Angeles suburb of Ontario, California, and will...
$12.1 Million Refinancing Arranged on California Multifamily Property

$12.1 Million Refinancing Arranged on California Multifamily Property

by Phil Hall | Feb 19, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Marcus & Millichap Capital Corp. (MMCC) announced that it has arranged $12.1 million for the refinancing of Laurel Canyon Apartments, a 46-unit multifamily property in Valley Village, California. Built in 2022, the property features a mix of one- and two-bedroom...
California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months

California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months

by Phil Hall | Feb 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California existing home sales reached their highest level in six months during January, according to new data from the California Association of Realtors (CAR). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted...
Rod Stewart Discounts His Beverly Hills Estate from $80 Million to $74 Million

Rod Stewart Discounts His Beverly Hills Estate from $80 Million to $74 Million

by Phil Hall | Feb 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two months after he jacked up the listing price of his Beverly Hills mansion from $70 million to $80 million, British music icon Rod Stewart cut the asking price to $72 million. Mansion Global reported the 33,000-square-foot property was first listed last June. When...
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