West
CityView Unveils Mural at OC Development
Located at the upcoming Baker Block apartment community, the mural, by artist and OBEY Clothing Founder Shepard Fairey, covers 8,000 square feet and is the largest of its kind in Orange County. The 240-unit community is scheduled for completion in November.
Marina Arts District Grows With $100M Development
Dubbed G8, the project will be one of the area’s largest multifamily communities. California Landmark Group’s development is located in a former Marina del Rey industrial zone and is scheduled for 2019 completion.
Berkshire Group Expands its LA Portfolio
The company has purchased its third asset in Los Angeles. The property located in the Koreatown neighborhood has been renamed as Berkshire K2LA.
Trion Properties Expands its Footprint in Fremont
Americana Apartments changed hands for the first time since its construction in 1966. The buyer will rebrand the asset as Parc 88.
Bell Partners, Hansainvest Acquire $63M Denver Apartments
Escape at Ken-Caryl, a 250-unit community in Littleton, will be renamed Bell Ken-Caryl and managed by Bell Partners.
CBRE Facilitates $19M Sale of OR Community
The company represented the seller, Barclay Cascade investors LLC in the transaction. The property’s average monthly rent was $1,204 as of September.
Inland Empire Shows Strength
Backed by a booming industrial market, the metro added 48,000 jobs in the 12 months ending in July. Apartment deliveries have been slow throughout the cycle, but that is likely to increase as demand continues to push rents higher.
HFF Provides $17M Loan for SF Community
Local Capital Group received the loan for the development of 901 Tennessee, a class A asset in San Francisco’s Dogpatch neighborhood.
MG Properties Buys 321-unit Senior Community
The senior housing community is located in close proximity to major employers such as Microsoft, AT&T, Nintendo and Expedia. CBRE worked on behalf of the seller.
Santa Ana Asset Trades for $20M
Marcus & Millichap announced the sale of Sherry Lane Garden Homes. The 62-unit apartment traded for $19.8 million.