Los Angeles
SoCal Community Sells for $5M
Stepp Commercial brokered the sale of the property located in the Bixby Knolls neighborhood of Long Beach, Calif.
MRK Partners Takes LA Pair for $109M
Located in Claremont and Santa Fe Springs, Calif., the 38-year-old communities total almost 300 units. CBRE’s Affordable Housing team secured Freddie Mac financing and represented the seller.
MWest Holdings Expands SoCal Footprint
The company has added to its portfolio Sunset Gardens, a value-add townhome community located in Canoga Park, Calif. The property will be rebranded as NoVa Townhomes.
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company’s latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.
Transwestern Brokers Sale of LA Luxury Asset
The property is located in Culver City, Calif., near Playa Vista’s entertainment and tech hubs. The brokerage company represented the buyer, a private investor, in the off-market transaction.
Universe Holdings, Hanover Financial Buy $100M CA Community
The companies purchased Capes at Ventura, a 400-unit asset in Ventura, and plan on investing $6.5 million in upgrades.
Positive Investments Buys CA Community
Keller Williams Commercial Studio City represented the company in its purchase of the 10-building, 86-unit property, located in Compton.
Bell Partners Buys Pasadena Asset
Cushman & Wakefield arranged Hines’ sale of The Ellington, a 212-unit, transit-oriented development. Completed in 2016, the community includes 25 affordable residences.
Meta Housing Unveils CA Affordable Community
Zinnia in Signal Hill offers 72 units and a mini dog park, a playground and a community building.
2 CA Properties Obtain $125M
KeyBank Real Estate Capital originated the loans for the 385-unit Paseos Apartment Homes in Montclair and the 225-unit Pier in Los Angeles.