Multifamily news in Los Angeles
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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 -
BRIDGE Housing Breaks Ground on $1B Revitalization
The firm and Los Angeles' Housing Authority started work on a community that will transform the Jordan Downs housing project in Los Angeles. Phase I will add 115 affordable units.
08 June 2017 14:31 -
$100M LA Arts District Mixed-Use Advances
Greystar's Arts District AMP Lofts, which includes 320 units and retail space, received a 48-month construction loan from CIT’s Real Estate Finance .
08 June 2017 08:20 -
Sares Regis Breaks Ground on Downtown Long Beach Communities
The three communities totaling 348 units were designed by Studio One Eleven and are adjacent to retail amenities. The properties are slated for completion in 2019.
07 June 2017 15:45 -
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 -
Affordable Housing Finance Veteran Joins Jonathan Rose
As West Coast director, Kelly Boyer will work with the company’s New York-based acquisitions team, sourcing new investment opportunities on the West Coast, including direct investments and joint ventures, as well as managing operating partner relationships.
05 June 2017 14:01 -
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 -
Universe Holdings Starts LA Buying Spree
The company has added to its California portfolio with the $12.6 million acquisition of the 45-unit Villa Edgemont in Los Feliz.
26 May 2017 08:04 -
Carrier Johnson + CULTURE LA Project Begins Construction
The 161-unit apartment community will replace an empty 81-year-old two-story building with a modern design that utilizes metal panels and ceramic tile.
23 May 2017 16:32 -
Rescore Snags $100M for Hollywood Apartments
The community is a 368-unit, seven-story project located in the Hollywood Entertainment District, a Business Improvement District.
19 May 2017 08:26 -
Financing Veteran Joins JLL as SVP
James McArthur will focus on providing financing solutions to multifamily real estate developers and owners using JLL's Fannie Mae, Freddie Mac and HUD/FHA capabilities.
18 May 2017 17:29 -
MAG Appoints Regional VP
Multifamily Ancillary Group has announced a new telecommunications and cable division, Next Wave Solutions, and has appointed telecom industry veteran Gregg Roffers to lead the firm's business development and marketing teams. He will also manage existing relationships with major apartment owners and managers.
18 May 2017 14:38 -
Greystar Opens CA Luxury Mixed-Use
Access, located in Culver City, includes 115 luxury apartments and 31,240 square feet of retail. The community has been designated LEED Silver.
16 May 2017 15:25 -
Legacy Partners Refinances $37M Loan for SoCal Community Makeover
The company has received HUD approval to refinance a loan from Greystone and plans to renovate a 209-unit property In West Covina, Calif., that it has owned and managed since 2007.
16 May 2017 13:08