Los Angeles
On the Market: 4 Interesting Listings for the Week of 11/19
This week’s listings include value-add investments from the beaches of Oahu to the suburbs of Los Angeles, with a large-scale opportunity near the University of Illinois.
Phoenix Group Acquires $45M Hollywood Community
Institutional Property Advisors represented the seller in its disposition of Vue Hollywood, a 92-unit property that features amenities such as a fitness center and a swimming pool.
Berkadia Completes $31M Sale of SoCal Property
The Enclave at Town Square is situated halfway between freeways 60 and 90, offering easy access to major employers in the Inland Empire and downtown Chino.
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.