West
10 Largest Multifamily Properties in LA
The metro still enjoys a thriving economy and a fast-growing employment sector. However, facing affordability issues, the city continues to price residents out of the market.
CO Mixed-Use Lands $66M
Natixis provided a $50 million construction loan and arranged a $16.2 million preferred equity position for Westminster Town Square, a 255-unit, Class A multifamily project in Westminster, Colo.
923-Unit Community to Be Developed in LA
Newman Garrison + Partners along with Lincoln Property Co. have developed plans to construct Elysian Park Lofts, a TOD development in Los Angeles.
Age-Restricted Community Sells for $35M
Marcus & Millichap represented the seller and procured the buyer in the sale of a 115-unit community in Rancho Santa Margarita, Calif.
Trion Properties Expands Portland Portfolio
The $12.3 million transaction marks the company’s third acquisition in the city of Beaverton, Ore. Trion plans to implement a renovation plan, including improvements made to the exterior and interior of the property.
MGPG Buys AZ Community for $101M
Lakeview at Superstition Springs comprises 44 buildings which overlook five lakes. The apartment community is undergoing a series of interior renovations.
Mill Creek Starts Preleasing at The Griffith
The 220-unit apartment community in Glendale is within 20 minutes of downtown Los Angeles. The area hosts employers such as Disney’s Grand Central Creative Campus and DreamWorks Animation.
Security Properties Buys $43M Vegas Asset
Martinique Bay received renovations to 91 of its units before being sold off to Security Properties. The company plans to add value to the property by improving the rest of the units and also add exterior upgrades.
Venture West Closes $51M Refi
The company has arranged the loan for two properties, totaling 120 units in Los Angeles. The loan was secured through Banc of California.
CO Apartments Command $58M
Nick Steele, senior associate, and Jacob Steele, first vice president of investments, at Marcus & Millichap represented the buyer of Vistas at Jackson Creek, a 267-unit luxury apartment building in Monument.