Los Angeles
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The Inland Empire Expands
Rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion.
23 May 2017 13:52 -
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 -
Stepp Commercial Closes Sale of Long Beach Property
The community traded at a 3.8 percent cap rate and a price per unit of nearly $456,000, a record high for the Belmont Shore area in California.
16 May 2017 16:04 -
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 -
Inland Empire Apartments Sell in 1031 Exchange
A family trust purchased the property, which has high value-add potential, in a 1031 exchange, a transaction that multifamily investors have increasingly executed in the Inland Empire, which has a limited inventory of apartment communities for sale.
11 May 2017 16:34 -
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 -
Gelt Launches Happy Home Communities, Names Director
Ellie Davis will spearhead the new business venture. HHC has already made its first value-added acquisition, a nine-acre mobile home park in Bakersfield, Calif.
05 May 2017 11:43 -
Bascom Group Buys South Bay Community
The company plans to revitalize the 64-unit infill community in Torrance, Calif. This is the firm's 37th multifamily property in Los Angeles County.
03 May 2017 14:40 -
Orange County Community Trades for $17M
California Landmark Group bought the 86-unit property built in 1973 from a private investor. This is the company's first Orange County acquisition.
03 May 2017 09:16 -
MHN’s Top 5 April 2017 Articles
Miss out on any MHN stories in April? Here are five of our most popular articles for the month, including the top 10 apartment owners in Los Angeles and the status of Chicago development.
02 May 2017 15:39 -
Capital One Provides Freddie Mac Loans for 8 Properties
The financial company closed on $15.5 million in loans for the refinance or acquisition of a more than 200-unit portfolio. The properties are located in California and Arizona.
02 May 2017 12:21 -
MJW Property Buys SoCal Asset for $44M
Berkadia completed the sale of the 230-unit community in Menifee, Calif., at a sub-4.4 percent cap rate. The asset had an occupancy rate of 95.7 percent last month.
28 April 2017 08:12