Los Angeles
On the Market: 5 Interesting Listings for the Week of 3/12
This week’s listings include a newly constructed asset in Culver City, Calif., which includes ground-floor retail, as well as a community in southern Dallas near the booming I-45 industrial sector.
Socal Asset Sells for $75M
The Bascom Group bought the 235-unit, Class A property, and CBRE secured debt financing for the acquisition.
LA Community Trades for $9M
Matthews Real Estate Investment Services brokered the sale of a 56-unit Van Nuys community. The sale price equates to $272.8 per square foot.
Quantum Capital Arranges $25M for LA Student Housing
City Park Apartments is near the University of Southern California and features 130 units and a subterranean parking garage.
Newman Garrison + Partners Bringing TOD to CA
Construction on the 352-unit project in Woodland Hills is expected to commence in 2019 and is slated for completion by 2022.
Matthews Brokers Record-Breaking Sale in LA
The property located near downtown Los Angeles traded for $9.7 million, which equates to $247,436 per unit and ranks as the highest price per unit in the area.
Decron Re-Opens Renovated CA Property
The firm invested $10 million to renovate the 440-unit Reserve at Chino Hills, modernizing the kitchens and flooring, as well as building a two-story clubhouse.
Shopoff Sells Brookside Mobile Home Park for $73M
The company has traded the 45-acre manufactured housing community in El Monte, Calif. as an off-market transaction.
Jamison Completes First Ground-Up Community
Maya, a 72-unit community in Los Angeles, is the first of four new assets Jamison plans to bring to the market this year.
WNC Earmarks $94M for CA Affordable Portfolio
A recently closed LIHTC fund is providing capital to acquire and renovate 972 units in Los Angeles, Sacramento and other California cities.