Los Angeles
Wildfires’ Impact on California Housing
With two destructive and deadly fires still burning in the state, the local real estate industry faces major changes.
LA-Area Property Changes Hands for $10M
A local investor has purchased the 83-unit community from Positive Investments. The Mogharebi Group represented both parties in the deal.
LA Luxury Community Receives $153M Financing
Walker & Dunlop structured the construction financing for the development of a 364-unit property located in Koreatown, just off Wilshire Boulevard and approximately 4 miles from downtown Los Angeles.
CIM Group Breaks Ground on Final Phase of LA Mixed-Use
Upon completion, the project will offer a total of 338 units—32 of which will be designated as affordable—and 58,300 square feet of retail space.
HFF Lands $27M Refi for LA Student Housing Portfolio
The portfolio comprises 19 communities totaling more than 81,000 square feet near the University of Southern California.
Investors Boost Deal Flow in Los Angeles
The strong fundamentals of the metro’s multifamily market are attracting many buyers, pushing the year’s sales volume to $2.9 billion through July.
$500M LA Luxury Project Reaches Completion
The 2 million-square-foot development in downtown Los Angeles encompasses two 35-story towers and includes 48,000 square feet of ground-floor retail.
LA Luxury Community Receives $25M Financing
Wilshire Skyline has received the loan for the acquisition of the newly developed The Line Lofts located in Hollywood, Calif.
Stepp Arranges Sale of Santa Monica Community
The community sold for a total of $4.3 million at a 3.7 percent cap rate. Stepp Commercial represented both parties in the deal.
On the Market: 4 Interesting Listings for the Week of 10/8
This week’s listings include a value-add opportunity north of NYC and a 1900-built, recently renovated community in a busy Richmond, Va., neighborhood.