Los Angeles
Bascom Group Buys South Bay Community
The company plans to revitalize the 64-unit infill community in Torrance, Calif. This is the firm’s 37th multifamily property in Los Angeles County.
Orange County Community Trades for $17M
California Landmark Group bought the 86-unit property built in 1973 from a private investor. This is the company’s first Orange County acquisition.
MHN’s Top 5 April 2017 Articles
Miss out on any MHN stories in April? Here are five of our most popular articles for the month, including the top 10 apartment owners in Los Angeles and the status of Chicago development.
Capital One Provides Freddie Mac Loans for 8 Properties
The financial company closed on $15.5 million in loans for the refinance or acquisition of a more than 200-unit portfolio. The properties are located in California and Arizona.
MJW Property Buys SoCal Asset for $44M
Berkadia completed the sale of the 230-unit community in Menifee, Calif., at a sub-4.4 percent cap rate. The asset had an occupancy rate of 95.7 percent last month.
LINC Opens LA-Area Affordable Community
Mosaic Gardens at Willowbrook is a $20 million development built for low-income families and homeless households, with support from several public and private entities. The latest homeless count shows there are nearly 47,000 homeless in Los Angeles County.
Lifescapes Designs Landscape for DTLA’s First Completed Condos in a Decade
The company has completed the design for the outdoor terrace and pool deck on the sixth floor of a 25-story project developed by Trumark Urban, which also features the country’s first drone landing pad.
Wolff Completes Construction in Downtown LA
Located in the South Park district, the seven-story community consists of 347 units and 19,000 square feet of ground-floor retail and amenity space.
Homeless Housing Project Underway in LA
Affirmed Housing and PATH Ventures broke ground on their third project, a 65-unit community slated for completion in summer 2018.
Oakwood Opens 3rd LA Corporate Housing Property
The 201-unit community is the ninth U.S. corporate housing asset owned by Singapore-based Mapletree Investments, the firm’s parent company.