Los Angeles
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.
ISL to Manage SoCal Senior Living Community
This is the third community the company is managing for The Wolff Co., the developer of the 136-unit property in Oxnard, Calif.
Capital One Secures Refi for SoCal Affordable Community
The fixed-rate loan for the 156-unit manufactured housing community in Riverside, Calif., has five years of interest-only payments.
$73M Rehabilitation of SoCal Affordable Community Underway
The redevelopment of the 268-unit project by Community Preservation Partners marks the biggest tax credit in Indio, Calif. The second phase is slated for completion by the end of the year.