Los Angeles
Glendale Apartment Portfolio Commands $79M
Raintree Partners has purchased seven multifamily properties and added 231 units to its growing portfolio of smaller multifamily properties in urban California locations.
Los Angeles Community Gets $121M Financing
The 566-unit property is owned by GHP and is the third phase of Orsini, a 1,072-unit community built between 2003 and 2010.
LA Community Changes Hands for $24M
Lion Real Estate Group purchased the 100-unit asset in 2015 for $15.5 million and sold it after renovating more than half of the property.
Rehab Complete on 90-Year-Old LA Units
Community Preservation Partners spent $11.9 million on The Curtis Johnson Apartments, a six-building portfolio in the Vermont Harbor neighborhood that the company renovated.
Storm-Damaged South Bay Community Changes Hands
New owners IDEAL Capital Group and Aegon Real Assets US will invest in renovations and upgrades of the 105-unit asset sold by Stockbridge Capital Group.
Los Angeles Multifamily Report – Spring 2019
A spate of new supply over the past three years has put a damper on rent growth, which nonetheless remains above the national average.
Greysteel Appoints New Director to LA Office
Everett Wong will serve the company’s clients throughout Southern California and will oversee institutional, middle market and private client multifamily transactions.
Low-Income Senior Housing Community Changes Hands in CA
Lee & Associates facilitated the $8.7 million sale. The previous owner recently upgraded Aurora Village—located in an Opportunity Zone—with solar electric and water heating systems.
Upscale Mixed-Use Community Opens in LA
Developed by the Korda Group, the 138-unit luxury apartment building was designed to blend into the surrounding neighborhood’s Art Deco style.
Holland Partner Group Wraps Up 2 LA Towers
Designed by MVE + Partners, the pair of multifamily high-rises encompasses 575 luxury residential units, part of the downtown area’s boom in housing supply.