Deals - Los Angeles
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CA Property Sold for $74M
The 163-unit mixed-use asset in Monrovia marks Sequoia Equities' second California purchase this month. The company plans to update the community’s offerings by investing $1.4 million in an interior renovation.
29 September 2017 14:36 -
Bascom Expands CA Footprint With $17M Buy
Casanova Grove is a 76-unit community located in Monterey.
20 September 2017 09:17 -
Stepp Facilitates Record-Breaking LA Sale
The sale of Atwater Avenue Apartments achieved the highest price per unit and price per square foot ever paid for comparable properties in LA submarket Atwater Village.
18 September 2017 14:26 -
JV Sells Downtown Santa Monica Mixed-Use Asset
The Marcus & Millichap division represented Century West Partners and BlackRock Realty Advisors Inc., and also procured the buyer. Chelsea Santa Monica includes 53 units and almost 6,000 square feet of retail space.
15 September 2017 09:09 -
Hollywood Apartment Community Trades for $11M
NNC Apartment Ventures expanded its California portfolio with value-add 42-unit residential property. The asset is located near popular destinations.
14 September 2017 16:15 -
Walker & Dunlop Closes $289M Financing for CA Portfolio
The properties comprise nearly 2,200 units in four major markets. Of the 21 properties, 11 have Section 8 HAP contracts to provide affordable housing, and 10 qualify for Fannie Mae's Green Rewards Program.
02 August 2017 15:44 -
George Smith Secures Financing for Hollywood Condo Conversion
The $4.5 million loan will be used by Friedman Capital to purchase and transform Patio del Moro into a condominium. The historic asset was once home to celebrities such as Charlie Chaplin or Humphrey Bogart.
02 August 2017 14:03 -
Sussex Capital Snags LA Community
Avison Young brokered the deal, which amounted to $450,000 per unit. The property, called Hillpointe, includes 30 units in Hollywood Hills.
11 July 2017 14:08 -
Aimco Buys Out Palazzo JV Partners for $452M
The company sourced funds for the acquisition by taking title subject to existing allocable debt and using cash proceeds from the pending sales of some of its assets in the Northeast.
11 July 2017 12:43 -
LA Koreatown Community Trades for $9M
Lion Real Estate Group sold Kingsley Tower, a 45-unit apartment building it acquired in 2012 for $4.2 million and then repositioned.
03 July 2017 16:00 -
Decron, Sequoia Trade CA Assets in $193M Transaction
Sequoia traded The Villas and Overlook, located in the 4,000-acre master-planned community of Wood Ranch, for Decron's Broadstone at Strawberry Creek. Institutional Property Advisors represented both companies.
08 June 2017 14:42 -
Berkadia Closes $12M Hollywood Community Sale
This is the first time the 72-unit property has traded in more than 40 years. Since most units lacked kitchens, the property was challenging to finance by conventional lenders.
07 June 2017 11:50 -
Stepp Facilitates Long Beach 1031 Exchange
The three-property portfolio traded for $10.6 million or nearly $189,000 per unit and closed at a 4.6 percent cap rate.
31 May 2017 14:03 -
Berkshire Group Nabs DTLA Luxury Apartments
This is the company’s second purchase in the Los Angeles market in the last year. The 266-unit community also features over 8,500 square feet of ground floor retail.
26 May 2017 14:47 -
LA’s First Automated Parking Garage Community Changes Hands
Lee & Associates represented both the buyer and the seller of the eight-unit property which was fully occupied at the time of the transaction.
09 May 2017 07:05