Multifamily news in Los Angeles
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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 -
AvalonBay Obtains $185M Refi for 3 Properties
The portfolio features 1,384 units located in Los Angeles, Calif., and in Laurel, Md. Bellwether Enterprise facilitated the loans.
21 August 2017 17:28 -
LA Senior Communities Receive $19M Mortgage Financing
The funding, obtained through the company's bond purchase program, will be used for the acquisition, rehabilitation and permanent financing of three affordable developments.
17 August 2017 16:24 -
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.
16 August 2017 14:46 -
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.
04 August 2017 19:45 -
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 -
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