Los Angeles
On the Market: 5 Interesting Listings for the Week of 8/17
This week’s list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.
WNC & Associates Hires New SVP
Ann Caruana will be in charge of the company’s preservation equity funds product line, while also finding, underwriting, negotiating, financing and closing deals.
LA Development Receives $22M Financing
George Smith Partners secured the loan for the development of a 51-unit workforce community located in the Koreatown district.
LA-Area Affordable Senior Housing Lands Refi
The 114-unit community dates back to 2002 and is available for 55-plus residents, earning 60 percent of the area median income.
On the Market: 5 Interesting Listings for the Week of 7/30
This week’s selection includes a vintage community in Newport News, Va.; a new luxury development in Brooklyn; and more.
Bascom Group Buys SoCal Community
The company has procured Island Apartments, a 78-unit property located in Pico Rivera, Calif. Talonvest secured the acquisition financing.
LA-Area Property Commands $66M
HFF brokered the sale of The Andalucia, a 118-unit community located in Pasadena. The asset also features 11 affordable units and 7,500 square feet of retail.
On the Market: 5 Interesting Listings for the Week of 7/16
This week’s listings include a newly constructed luxury community in Boston, a 1920s-era property in Los Angeles and more.
CA Affordable Senior Housing Lands $20M Refi
Located 10 miles east of central L.A., the 189-unit Beverly Towers provides housing for tenants 62 and older, with incomes less than 80 percent of median income.
LA Senior Housing Breaks Ground
Related Cos. and Community Development Corp.’s The Curve @ West Angeles will have 70 units, including 29 for very-low-income residents.