Los Angeles
$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.
Luxury Tower Breaks Ground in Long Beach, CA
Shoreline Gateway, a 35-story development, will be the city’s tallest community. Construction is expected to be completed by the end of 2021.
West Hollywood Community Trades in All-Cash Deal
CBRE arranged the sale of a 24-unit property located approximately 9 miles from downtown Los Angeles. The brokerage company represented both the buyer and the seller in the deal.
IPA Brokers Sale of 224-Unit Property
Working on behalf of Fairfield Residential, the brokerage firm procured the buyer, a private investor. The community is located around 26 miles from downtown Los Angeles.
On the Market: 5 Interesting Listings for the Week of 10/1
This week’s listings include a recently renovated community across the street from the University of Miami; an historic five-story building in downtown New Britain, Conn.; and a Spanish Colonial Revival-style property in West Hollywood, Calif.
LA-Area Community Trades for $93M
Institutional Property Advisors represented the seller and procured the buyer in the sale of Carillon Apartment Homes in Woodland Hills, Calif.
Affirmed Housing Opens CA Affordable Senior Property
Bella Vita is a 65-unit development in Carson. The community serves low-income seniors and includes 3,000 square feet of commercial place.