Lee & Associates

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  • Expanding Apartment Market Draws Investors to Jewel City

    As Glendale’s multifamily market continues to shift towards larger developments, a private investor has recently closed on the acquisition of IMT Glendale Apartments, a 67-unit community at 1630 Calle Vaquero.

    Los Angeles 08 July 2015 20:21
  • 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.

    Los Angeles 30 April 2015 18:29
  • San Fernando Valley Luxury Asset Acquired for $44 Million

    A private investor recently completed the acquisition of a residential asset in Encino, CA for a reported amount of $44 million. According to real estate firm Lee & Associates, the property was acquired from IMT Capital, a Sherman Oaks, CA-based company. The off-market transaction was completed with the assistance of Lee & Associates – LA North/Ventura Managing Director and Principal Jim Fisher, Lee Principal Mike Smith and Associate, Cory Stehr. The buyer was in a 1031 Exchange, and acquired the property as a long-term investment.

    Los Angeles 15 February 2015 20:48
  • Goodman Birtcher Lands Tenant for Oakland Facility

    Last summer, the Goodman Logistics Center in Oakland announced that one third of the facility’s available space had been leased out to Benjamin Moore & Co. With about a third of the available space taken, the property recently announced another major tenant, as a deal worth $16.25 million was recently completed with Coasters Company of America. The Santa Fe Springs-based company has signed on for ten years at the facility, in a deal that was brokered by Tim Cronin and Craig Hagglund of Lee & Associates Oakland. Developer and landlord Goodman Birtcher worked with JLL rep Jason Ovadia in the leasing deal.

    San Francisco 13 February 2015 18:33
  • Lee & Associates Adds Three New Principal/Shareholders

    The Lee & Associates Los Angeles-Long Beach offices have announced that Garret Massaro, Garen Ramyan and Josh Reilly have been promoted to principal and shareholder.

    West 13 February 2015 17:10
  • First Ever Multifamily Property on Millionaire’s Row in Pasadena Trades Hands

    The South Orange Grove Apartments recently traded hands in the Pasadena submarket. The residential property was sold for a price that exceeds the original listing price that was set at $9.5 million. South Orange Grove Apartments was acquired by a private investor from an entity of City Ventures.

    Los Angeles 18 January 2015 21:55
  • NorthMarq Capital Finalizes $35M Freddie Mac Loan

    NorthMarq Capital arranges the $34.59 million refinance of Lakeside Terrace Apartments; and Lee & Associates transacts a sale in access of the $9.5 million listing price.

    West 14 January 2015 19:26

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    The $27.2 million HUD guaranteed loans from Capital One Multifamily Finance have a 35-year term at a 3.43 percent fixed interest rate. The REIT acquired the three properties last year.

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