Multifamily news in Market Rate Housing - Los Angeles
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CLG Completes $120M Los Angeles Project
The mixed-use development has 228 apartments and 25,000 square feet of office space.
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Advanced Real Estate Services Secures $240M Refi for Multifamily Portfolio
NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.
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TA Realty Acquires Los Angeles Westside Community
Institutional Property Advisors brokered the $65 million sale of Avalon Venice on Rose.
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CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
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Los Angeles Opportunity Zone Project Breaks Ground
Mountain Pacific Opportunity Partners plans to deliver the multifamily and retail development in summer 2022.
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Berkadia Secures Preferred Equity for Los Angeles Purchase
Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick delivered the financing partner for the 147-unit community’s acquisition.
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CBRE Arranges Sale of 62-Unit Los Angeles Community
Executive Vice President Priscilla Nee represented the seller, a private local investor.
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Jamison Properties Sells Koreatown Property for $32M
Completed in 2018, the 72-unit Maya Apartments changed ownership at a 4 percent cap rate.
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Housing Diversity Corp. Brings Micro-Housing to Hollywood
The developer has broken ground on an affordable housing project located within an Opportunity Zone.
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Common Tapped to Manage 2 Nuveen Communities
The company has added properties in Fort Lauderdale, Fla., and Los Angeles to its standard housing portfolio in a new partnership.
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Los Angeles Community Trades for $20M
The 96-unit property sold to a private investor. KW Commercial brokered the deal.
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CBRE Closes Northwest Los Angeles Multifamily Sale
First Vice President Melinda Russell represented both the buyer and seller in the trade of the 20-unit Studio City property.
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Sussex Capital Sells Suburban Los Angeles Community
HomeStreet Bank provided the buyer with a $7.2 million, long-term acquisition loan.
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Northwestern Mutual Sells California Community for $92M
Berkadia represented the seller in its disposition of the 272-unit asset in Ventura County.
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Latigo Group Lands Financing for Los Angeles-Area Project
Dekel Capital arranged the loan for a 142-unit development in Thousand Oaks, Calif.