Los Angeles
Praedium Snags Multifamily Community Near LA
Miro Apartments, the only apartment community to be built in Santa Fe Springs in over 40 years, was purchased for more than $47 million.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…
Fairfax Village Development Site Changes Hands in HFF-Arranged Deal
A new multifamily building is set to take shape in L.A.’s Fairfax Village as a result.
Hunt Mortgage Group Finances 19-Property So-Cal Portfolio
The facilities are all small balance multifamily properties, containing anywhere from eight to 47 units, and loan amounts ranged in size from $750,000 to $4.1 million.
IPA Arranges Sale of Inland Empire Multifamily Asset
The high-occupancy, garden-style apartment community was sold for a per-unit price of $147,000.
Related California Debuts Affordable Mixed-Use Community
A partnership between the developer and San Bernardino County has completed the first phase of a five-acre site.
Skya Ventures Acquires Community in LA’s Highland Park
The property, sold by Azusa Pacific University, fetched $14.3 million.
George Smith Partners Lands $115M Financing for LA Community
The cash-out refinancing is for a 566-unit multifamily community near the LA Music Center.
Santa Ana Asset Acquired Following Successful Lien Removal
The acquisition hinged upon the successful removal of the lien.
Lafayette Park Apartments Purchased by California Landmark Group
Mesa West Capital arranged financing for the acquisition.