Multifamily news in Los Angeles

New Luxury DTLA Community is Now Open
E on Grand, the 115-unit apartment located on Grand Avenue, downtown Los Angeles, will be managed by Moss & Community.
Luxury
IPA Arranges $39M Refi for Playa Del Rey Apartments
The borrower, a repeat client of IPA, received the loan structured with a full 10-year term, interest-only, at a rate of 3.8 percent.
Luxury
Burbank Gets First Industrial Area TOD
Newman Garrison + Partners will design the high-profile project in Burbank, Calif. The apartment community targeted towards Millennials will feature market-rate and affordable units.
Market Rate

  • Berkadia Completes $35M Sale in SoCal

    Metro 102 Apartments, an affordable apartment community in Ontario recently changed hands for $35 million. The purchase was capitalized primarily with foreign investment money.

    10 October 2017 14:39

  • Legacy Partners Kicks Off LA-Area Marina Renovations

    The company started the $65 million revamping of the 379-unit Wayfarer Apartments + Marina at the beginning of 2016. The current phase is slated for completion by early 2019.

    10 October 2017 08:55

  • Marina Arts District Grows With $100M Development

    Dubbed G8, the project will be one of the area’s largest multifamily communities. California Landmark Group’s development is located in a former Marina del Rey industrial zone and is scheduled for 2019 completion.

    09 October 2017 14:59

  • Berkshire Group Expands its LA Portfolio

    The company has purchased its third asset in Los Angeles. The property located in the Koreatown neighborhood has been renamed as Berkshire K2LA.

    09 October 2017 13:38

  • KTGY Designs LA Container-Based Homeless Housing

    Aedis Real Estate Group's Hope on Alvarado is the first in a series of area developments using shipping containers as a primary building material. The community will provide support services for people transitioning from homelessness.

    02 October 2017 15:55

  • 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

  • JLL Hires New SoCal SVP

    Dana Brody, JLL’s new senior vice president, has nearly 15 years of experience in the industry. She will focus on multifamily sales and development opportunities throughout Los Angeles.

    21 September 2017 14:38

  • Bascom Expands CA Footprint With $17M Buy

    Casanova Grove is a 76-unit community located in Monterey.

    20 September 2017 09:17

  • CIM Group Reaches Construction Milestone in DTLA

    888 S. Hope—a 34-story apartment tower featuring 525 units, 6,000 square feet of ground-floor retail space and a public pocket park—is scheduled for delivery in mid-2018.

    19 September 2017 14:26

  • 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

  • $120M Senior Housing Opens in LA

    C.W. Driver developed Fountainview at Gonda West, a 460,000-square-foot development in Playa Vista that will serve more than 250 seniors with a full range of active living, healthcare and in-home services.

    05 September 2017 16:35

  • Next on Sixth: Competition in Koreatown

    How do you stand out in a rapidly growing market? How about adding a mini Target? That’s a key feature of NEXT on Sixth, an apartment building under construction at 600 S. Virgil Ave. in Los Angeles’ rapidly gentrifying Koreatown.

    05 September 2017 12:16

  • Integrity Opens CA Senior Housing

    In partnership with Mayans Housing Corp., the firm has debuted an 84-unit community in Pomona. Of the units, five will be reserved for veterans.

    29 August 2017 14:06