Los Angeles
Los Angeles Multifamily Report – November 2022
While rent growth is decelerating, the market is displaying overall healthy fundamentals.
Mogharebi Group Arranges $11M Affordable Community Sale
A California-based affordable housing investor acquired the property.
Jonathan Rose Breaks Ground on LA Affordable Housing Project
Upon completion, the community will cater to residents earning between 30 and 80 percent of the area median income.
Mercy Housing Breaks Ground on Los Angeles Affordable Project
To minimize costs and project timeline, the developer will use a prefabricated modular design.
Northland Acquires Los Angeles Tower for a Record $504M
Greenland USA developed the $1 billion mixed-use property where THEA at Metropolis is located.
LA Property Lands $120M Permanent Financing
The 10-year loan was secured by George Smith Partners for the 526-unit downtown community.
Universe Holdings Buys Southern California Townhome Community
The investor has been steadily growing its footprint in the area of late.
Bell Partners Acquires $313M Portfolio
A total of 846 units are spread among four communities in the Atlanta, Dallas, Denver and Los Angeles metros.
42-Story Downtown LA Tower Tops Out
Mitsui Fudosan America and Lendlease are behind the 438-unit development.
Gelt Expands Los Angeles Footprint With $76M Buy
The new owner will implement a three-year, $5 million capital improvement plan at the property.