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A joint venture of Archway Equities and Virtú Investments has acquired The James, a 190-unit Class A Apartment Community in downtown San Jose, CA for $74.25 million.
A joint venture of Archway Equities and Virtú Investments has acquired The James, a 190-unit Class A Apartment Community in downtown San Jose, CA for $74.25 million.
Jerad Roberts, This email address is being protected from spambots. You need JavaScript enabled to view it., and This email address is being protected from spambots. You need JavaScript enabled to view it. of Northcap Commercial are pleased to announce the recent off-market sale of the La Paloma Apartments for $2,000,000 ($117,647/unit). This sale consisted of 17 units built in 1978, located at 1509 E. Harmon Ave in Las Vegas, Nevada.
St. John Properties, Inc., a Baltimore-based commercial real estate development and management company with a national portfolio valued at more than $5 billion, has promoted Brett Foelber to Assistant Vice President, Marketing. Foelber, who has more than 15 years of marketing communications experience, joined the company in 2021 and was formerly Director of Marketing.
With 100,000 units under the expanding multifamily and build-to-rent platform, RangeWater Real Estate’s property management team adds senior leader
Multifamily investment advisory firm The Mogharebi Group continues to expand its footprint throughout the West Coast, opening an office in Portland, OR under the direction of James L. Giblin, who joins the firm as Senior Vice President.
Since its founding in 2016 by 30-year-multifamily industry veteran Alex Mogharebi, The Mogharebi Group has grown from its Southern California roots to become one of the leading multifamily advisory firms in the Western United States with offices in Southern California, Central California, Las Vegas, Albuquerque, Salt Lake City, Seattle and now Portland. In its brief seven-year history, the firm has closed in excess of $1 billion in transactions representing more than 100,000 apartment units.
The new office gives the firm a local presence to better support its client’s increasing investment activities in the Pacific Northwest, according to Mogharebi.
“Real estate is a local business and as we expand our investment platform throughout the West, it was a logical and inevitable step to have boots on the ground in Portland, which has caught the eye of many of our investor clients because of its relative affordability compared to other West Coast markets,” said Mogharebi. “Not only will we be able to better identify investment opportunities in key multifamily markets throughout Oregon and Idaho, the new office allows us to build relationships here and develop new ones.” Giblin also will work closely with Robert Parmar and Ryan Kidwell, who lead Mogharebi’s office in Seattle, which opened in August 2021.
“The Mogharebi Group expansion in the Pacific Northwest will yield enormous benefits for our clients seeking opportunities through both our investment platform and collaborative network of professionals,” said Giblin.
Giblin, who has spent the majority of his nearly 40-year career in the Portland multifamily markets, was formerly president and principal broker for The Giblin Company, a real estate investment firm he founded in 2013. Previously, he was a broker with Marcus & Millichap. Over the course of his career, Giblin has closed nearly $1 billion in transactions with assets located in Oregon, Washington, California, Utah, Arizona, New Mexico, and Texas. Giblin graduated from Brigham Young University with a BS in Finance and Marketing.
The new office is located at 1050 W. 6th Avenue in Downtown Portland.
