Los Angeles
Santa Clarita Transit-Oriented Community Edges Closer to Reality
A look at JSB Development’s latest Los Angeles County transit-oriented development.
TODAY’S DEALS: Olympus Snaps Up ‘Rare’ Phoenix Opportunity
An investor buys next to Arizona’s “best kept secret,” and CityView completes a hat-trick of L.A. sales. Also, Hamilton Point acquires a property at well-below replacement cost.
TODAY’S DEALS: J&B Asset Management Grabs a ‘Commuter’s Haven’
Close proximity to five highways and a rail station are nice selling points; a mortgage bank increases cash flow with a refinance in California.
Meta Housing Corp. Presents Its First Family Arts Colony
Meta Housing Corp. finalized its first “family arts colony” apartment project in the San Pedro, Calif., neighborhood.
TODAY’S DEALS: Waypoint Grabs Waterfront Apartments in Newport Beach
IPA brokers a $25.5 million sale in Newport Beach, Calif.; Lee & Associates arranges a 32-unit asset in Los Angeles; and Berkadia negotiates the financing and sale of a multifamily property in Greater Phoenix.
Oakwood Worldwide Acquires Luxurious Redwood City Apartments for Global Portfolio
Oakwood Worldwide added a 141-unit apartment community in Redwood City, Calif., to its global portfolio through its $4 billion partnership with Singapore-based Mapletree Group.
New Partnership Investing $20M in Affordable Housing in California
The Community Development Trust, a national private real estate investment trust, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.
TODAY’S DEALS: Essex Drops $200M in L.A.
Wood Partners breaks a L.A. price-per-square-foot record; Grandbridge closes a $33.2 million acquisition loan in Texas; and a manufactured home community sells for $37,865 per space.
Balfour Beatty Completes Hollywood Mixed-Use Tower for Less than Expected
Balfour Beatty Construction recently announced that it has completed a high-end mixed-use tower in Hollywood at a considerably lower cost than was originally estimated. The company’s Southwest Division finished a project it had been developing for real estate and infrastructure investment firm CIM Group at a total cost of $76.2 million, roughly $12 million less than what was initially committed to the project. The change comes from the use of the contractor’s cast-in-place structures, as well as a re-design of the building’s mechanical, electrical and plumbing systems.
It Takes a Village: Restoring Santa Monica’s Civic Center
“Santa Monica moved towards that rare event in Los Angeles–a pedestrian-oriented place,” writes architect James Mary O’Connor.