Los Angeles
Nonprofit Breaks Ground on Affordable LA Project
Clifford Beers Housing’s Vistas del Puerto Apartments in Long Beach encompasses 47 apartments for formerly homeless individuals and families as well as residents with chronic health conditions.
Affirmed Housing Breaks Ground on LA Supportive Housing
Aria, a 57-unit development, is one of the first in the city funded through the $1.2 billion HHH bond measure passed in 2016.
Freddie Mac, NEF Launch New LIHTC Fund
The fund’s first three investments in Houston and Los Angeles total more than $60 million and come several months after Freddie Mac re-entered the LIHTC market.
Luxury Community Opens in LA
Strategic Legacy Investment Group’s development is located in the Ladera Heights neighborhood, about 4 miles from Los Angeles International Airport and 13 miles from the city’s downtown.
Massie Capital Management Secures $23M for LA-Area Community
HFF worked on behalf of the borrower to arrange the financing deal for William Penn Apartments, a 189-unit building in the Koreatown neighborhood.
Long Beach Property Sells for $72M
Berkadia arranged the disposition of The Landing at Long Beach on behalf of the seller. The new owners plan to invest $28,000 per unit for upgrades.
$300M Residential Tower Breaks Ground in LA
Developed by Hankey Investment Co. and Jamison Properties, the 25-story high-rise will bring 644 apartment units and 15,000 square feet of ground floor retail space to the coveted Koreatown submarket.
Multifamily Los Angeles Report – Winter 2019
Steady employment growth fueled by a large and diversified economy underpins a robust multifamily demand in the metro. Despite a surge in construction, the average occupancy rate was 96.6 percent as of October.
California Expands Affordable Housing Finance Incentives
The new program aims to incentivize affordable housing development for residents with a mix of incomes.
Suburban LA Community Changes Ownership
Universe Holdings has acquired a 15-unit property in Inglewood, Calif., their ninth in this Los Angeles submarket.