Los Angeles
New Luxury Community Opens in Tarzana, CA
The 57-unit luxury Residences at Village Walk, developed by Sinanian Development, is now open. Moss & Co. will manage the property located at Yolande Avenue.
IPA Arranges $57M Sale of Luxury CA Community
A private investor based in China acquired Luxe, a 131-unit community in Pasadena, Calif. IPA represented the seller, Amcal Equities, and procured the buyer.
$54M Hollywood Development Breaks Ground
Essex Property Trust, together with McCormick Construction, broke ground on the Sunset Boulevard mixed-use development. The project includes 200 residential units and 4,678 square feet of retail space.
San Fernando Valley Apartments Sell for $42M
Ambrus Co. sold a 207-unit, three-property apartment portfolio to Lion Real Estate Group. The acquisition was sourced off-market from a Los Angeles-based private investor who developed the assets 40 years ago.
Luxury Downtown LA Community Debuts
4D Development & Investment’s 115-unit property on Grand Avenue will be managed by Moss & Co.
IPA Arranges $39M Refi for Playa Del Rey Apartments
The borrower, a repeat client of IPA, received the loan structured with a full 10-year term, interest-only, at a rate of 3.8 percent.
Burbank Gets First Industrial Area TOD
Newman Garrison + Partners will design the high-profile project in Burbank, Calif. The apartment community targeted towards Millennials will feature market-rate and affordable units.
Berkadia Completes $35M Sale in SoCal
Metro 102 Apartments, an affordable apartment community in Ontario recently changed hands for $35 million. The purchase was capitalized primarily with foreign investment money.
Legacy Partners Kicks Off LA-Area Marina Renovations
The company started the $65 million revamping of the 379-unit Wayfarer Apartments + Marina at the beginning of 2016. The current phase is slated for completion by early 2019.
Marina Arts District Grows With $100M Development
Dubbed G8, the project will be one of the area’s largest multifamily communities. California Landmark Group’s development is located in a former Marina del Rey industrial zone and is scheduled for 2019 completion.