Multifamily news in Los Angeles

LA Community Wins 1st WELL Multifamily Certification
Operated by Proper Hospitality, the 200-unit Hollywood Proper Residences opened in June as part of Kilroy Realty’s Columbia Square development.
Luxury
Continental Partners Secures $19M for L.A. Assets
The capital will finance development, refinancing and acquisition of properties in the Westlake and East Hollywood neighborhoods.
Finance & Investment
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.
Affordable

  • 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

  • Joint Venture Acquires LA Communities

    Strategic Housing Partners and Rockpoint Group have acquired two portfolios and an additional community, totaling more than 1,200 units.

    27 July 2017 17:58

  • Ensemble Breaks Ground on Downtown Long Beach Community

    Sonata Modern Flats features 112 units alongside a 605-foot-long elevated pedestrian walkway designed as a linear park.

    26 July 2017 20:03

  • Sunset Boulevard Condos Secure $21M Loan

    A joint venture obtained the financing for a new-construction condo project in the Silver Lake neighborhood of Los Angeles.

    26 July 2017 08:18

  • Historic DTLA Mixed-Use Scores $32M Refi

    Quantum Capital Partners secured the 10-year interest-only, non-recourse loan for the Metropolitan. The adaptive reuse offers 88 high-end loft units and 45,000 square feet of retail space.

    21 July 2017 13:52

  • 1st High-Rise Debuts in DTLA $1B Project

    Greenland USA opened the first luxury residential building, part of its Metropolis mixed-development, which towers 38 floors above the city. Two other towers are under construction.

    19 July 2017 17:21

  • Changing the HVCRE Rules: What to Expect

    In a strict lending environment, the clarification of High Volatility Commercial Real Estate (HVCRE) regulation could help improve loan terms for investors and developers. However, the long-awaited changes, stipulated in a bill referred to the House Financial Services Committee, have little chance of being approved and implemented, Alston & Bird's Gregg Loubier told MHN.

    18 July 2017 18:29

  • On the Market: 5 Interesting Listings for the Week of 7/10

    This week's listings include a 1930s-era asset in Los Angeles and a three-unit brownstone on a tree-lined block in Jersey City, N.J.

    14 July 2017 14:25

  • 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

  • There’s Hope for This South Park Luxury High-Rise

    Lendlease and Full Star Properties LLC started construction on a mixed-use luxury condo building, which has been in the pipeline since 2006.

    06 July 2017 10:23

  • 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

  • George Smith Secures $27M for Hollywood Community

    Massie Capital and Glenn & Shannon Dellimore plan to refinance an older acquisition loan and fund further renovations, as well as the off-market acquisition of an adjacent property.

    28 June 2017 15:22

  • LA: Affordable Housing Wanted

    Rent growth in the city is continuing at a rate double the national average, largely due to solid gains in a few key employment sectors and renter interest pivoting toward the area’s suburbs.

    23 June 2017 13:22

  • The Positive Impact of the Interest Rate Hike

    CityView’s Sean Burton discusses the effect of an increased supply of multifamily units and explains why higher interest rates could spur more development.

    20 June 2017 18:21