Los Angeles
Suburban LA Community Changes Ownership
Universe Holdings has acquired a 15-unit property in Inglewood, Calif., their ninth in this Los Angeles submarket.
LA Community Sells for $26M
An institutional investment fund purchased Morton Gardens, a 66-unit community in the city’s Echo Park neighborhood.
In Case You Missed It: MHN’s Top 5 Posts in January
Miss any of our articles? Catch up with five of our most popular posts for the month.
$95M Loan Secured for LA Luxury Tower
The financing, provided by Helaba on behalf of ASB Allegiance Real Estate Fund, will go toward the 35-story WaterMarke Tower located in the city’s financial district.
Latch’s Smart Access Devices Expand Footprint
By mid-2019, UPS drivers in 10 additional cities will be able to enter multifamily communities and drop off packages in lobbies or package rooms.
CGI Strategies Acquires LA-Area Community for $20M
The firm purchased Parkwood Apartments, a 78-unit property in the Los Feliz neighborhood, with plans to upgrade the building’s infrastructure and common areas.
RED Capital Group Expands in LA-Area
RED Mortgage Capital, a division of ORIX Real Estate Capital, opened a new Los Angeles office, three months after expanding into San Francisco.
$190M Secured for LA-Area Luxury Community
JPI will use the financing to develop a 480-unit Class A property situated within Vista Canyon, a 185-acre mixed-use master-planned development in Santa Clarita.
JLL Appoints New SoCal Senior Vice President
Chris Benton brings more than 15 years of experience to the position. He will advise institutional investors on the sale of multifamily assets in the Los Angeles area.
LA’s Largest Co-Living Project Reaches Completion
California Landmark Group has completed construction of C1, a rental building featuring 51 market-rate apartments and 17 co-living units.