IPA Team Closes Sale of Pomona Multifamily
Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, closed the sale of Terramonte at Foothill, a 138-unit multifamily asset in Pomona. The $36.7-million sale price represents $265,942 per unit.
“The sale is one of only four 100-plus-unit, market-rate multifamily transactions to have occurred in Pomona over the past five years,” said Kevin Green IPA executive director. Green, Chris Zorbas, Joseph Grabiec, Alexander Garcia Jr., and Greg Harris of IPA represented the seller, Positive Investments, and procured the buyer, Sack Capital Partners.
The property is located on Foothill Boulevard/State Route 66 off State Route 210, near Interstate 10. These freeways, and the nearby Montclair TransCenter, Pomona Transit Center and Pomona-North Metrolink station, provide transportation options to employment centers in Los Angeles and throughout the Inland Empire. California State Polytechnic University, Pomona, the University of La Verne, Western University of Health Sciences and the Claremont Colleges surround the property.
Join the industry’s top multifamily decision-makers at Connect Apartments on September 22 in LA. Hear from the investors, developers, lenders, owners, and advisors shaping today’s apartment market through candid conversations, networking, and market insights. Register today at www.connectapts2026.com.
Other News
Weidner Adds 341-Unit Rental Asset to Austin Portfolio
Weidner Apartment Homes acquired the Solaris House apartments, a 341-unit high-rise apartment complex located in North Austin’s Domain submarket. Brandywine Realty Trust was the seller. JLL represented Brandywine Realty Trust in the sale of the asset. JLL’s Debt Advisory team also arranged acquisition financing for Weidner through Nationwide. The acquisition marks Weidner’s fifth community in...
Learn more
Lewis Group Opens Second NorCal Rental-Home Community in West Sacramento
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
Learn more
CBRE Arranges Sale of Future Mixed-Use Development in Wisconsin
CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout