Multifamily news in Deals - Los Angeles
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Opportunity Housing Group Buys California Property for $100M
Institutional Property Advisors represented the sellers in the disposition of the 261-unit community in Monrovia, Calif.
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JLL Arranges $173M in Multifamily Financing
The 14 Fannie Mae loans will be used for acquisitions and refinancings for properties in Idaho, Georgia, Oregon and California.
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Positive Investments Buys Los Angeles Affordable Housing
The 200-unit community in Sylmar last changed hands in late 2018 for $13.5 million.
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Standard Cos. Pays $31M for Affordable Pasadena Community
The transaction preserves affordability for all 61 units for the next 55 years.
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Advanced Real Estate Services Secures $240M Refi for Multifamily Portfolio
NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.
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TA Realty Acquires Los Angeles Westside Community
Institutional Property Advisors brokered the $65 million sale of Avalon Venice on Rose.
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CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
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Berkadia Secures Preferred Equity for Los Angeles Purchase
Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick delivered the financing partner for the 147-unit community’s acquisition.
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CBRE Arranges Sale of 62-Unit Los Angeles Community
Executive Vice President Priscilla Nee represented the seller, a private local investor.
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Jamison Properties Sells Koreatown Property for $32M
Completed in 2018, the 72-unit Maya Apartments changed ownership at a 4 percent cap rate.
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Common Tapped to Manage 2 Nuveen Communities
The company has added properties in Fort Lauderdale, Fla., and Los Angeles to its standard housing portfolio in a new partnership.
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3650 REIT Arranges Loan for Los Angeles OZ Project
Hollywood Backlot Homes is a 10-acre manufactured home community in North Hollywood.
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Los Angeles Community Trades for $20M
The 96-unit property sold to a private investor. KW Commercial brokered the deal.
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CBRE Closes Northwest Los Angeles Multifamily Sale
First Vice President Melinda Russell represented both the buyer and seller in the trade of the 20-unit Studio City property.
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Greystone Provides $116M in Freddie Mac Loans
The refinancing covers three separate portfolios with a total of 34 multifamily properties in Los Angeles.