Los Angeles
Top 10 Apartment Owners in Los Angeles
Ballooning home prices have made homeownership more difficult, and in turn put downward pressure on apartment vacancy rates. The pronounced need for housing has resulted in a construction boom, and there are no signs of a slowdown.
Berkadia Closes $35M SoCal Apartment Sale
A California-based investor purchased the 128-unit community in Fullerton. The multifamily asset last traded in 2012 for a little over $20 million.
Meta Housing Wraps Hollywood Project
The $21.6 million community, which also includes about 3,500 square feet of commercial space, will add 40 units of much needed affordable housing to L.A.’s inventory.
The Mark Co. to Make Its Mark on LA Residences
The 504 Oceanwide Plaza luxury condos are part of a $1 billion project slated for completion in 2019. Marketing and sales for the development will be handled by The Mark Co., a subsidiary of Pacific Union International.
Downtown LA Mixed-Use Development Underway
MacFarlane Partners has broken ground on the second phase of Park Fifth, which will consist of 347 units and 5,300 square feet of retail.
TCA Architects Takes SoCal Community into the Wild
The design of Wermers Properties’ 601-unit community draws inspiration from the adjacent Santa Ana Zoo and Prentice Park.
TMG Sells CA Value-Add Community for $12M
The 200-unit Inland Empire property was built in 1964.
CityView Appoints SVP, Head of Investor Relations
Marketing veteran George Ochs joins after almost 20 years at J.P. Morgan.
Cresta Expands Portfolio with Beverly Hills Buy
The Royal Palm, a 45-unit property, was 100 percent occupied at the time of closing.
Matrix Monthly: February Rent Growth Scores Love-Love
While rent growth remained stagnant during February, Yardi Matrix’s latest monthly report assures that strong fundamentals and the promise of a growing economy bode well for the industry.