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Happy Valley, Oregon Community Sells for $41MM

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CBRE has announced the sale of a 132-unit multifamily community in Happy Valley, Ore., The Elwood, to Borello Asset Management, a Northern California-based multifamily investment group, for $41 million ($310,606 per unit).  CBRE’s Josh McDonald, Phil Oester and Joe Nydahl represented the seller, Pahlisch/Cedar Coast, in the transaction. The San Francisco-based CBRE Capital Markets team of Jesse Weber, Andrew Behrens and Stephen Baird arranged a […]

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