Uncommon Developers is tweaking its plans for an apartment building in Hollywood. The Chatsworth-based development firm has beefed up its proposal for apartments at 7441 Sunset Boulevard, Urbanize Los Angeles reported. A... Read more »
An entity connected to MetLife sold an apartment tower in Downtown Los Angeles for $68.8 million, according to property records dated late December. The buyer is a company owned by APW Avenue... Read more »
Orinda-based Mackenzie Realty Capital, Inc. (MKZR) announced that its multifamily assets and development property have been contributed to a newly created entity, MacKenzie Apartment Communities, Inc. (MAC). MAC is a separate, standalone... Read more »
A proposed mega-development in downtown Los Angeles, which would replace a cold storage facility with a $2-billion residential and commercial complex, cleared a major hurdle last week when the city Planning Commission... Read more »
Hines is facing criticism from tenants in Pasadena less than a year after it became the owner of an 140-unit apartment complex. On Wednesday, members of the Pasadena Gateway Villas Tenants Association... Read more »
A Los Angeles County housing project is moving closer to groundbreaking after its developer landed an eight-figure construction loan. Azusa-based developer The Connected Companies secured $26 million in construction financing for Prospect... Read more »
Owning an apartment complex guarantees a myriad of challenges that can put pressure on occupancy, operations and asset value. With this in mind, JLL’s “Top Five Risks to Multifamily Property Management” lists... Read more »
The Azzi Group at Marcus & Millichap closed 2024 with the $85-million sale of the San Fernando Valley portfolio. The portfolio featured 596 apartment units across 16 parcels, reportedly making it the largest... Read more »
Leon Capital Group secured $58 million in construction financing for its 303-unit multifamily development in Morrisville. ACORE Capital Capital was the lender for the Raleigh/Durham area project at 3000 Bearing Way. David... Read more »
Sagard Real Estate, formerly EverWest Real Estate Investors, acquired Vista Imperio, a 158-unit suburban garden-style multifamily property in Riverside, for an undisclosed sum. The acquisition is the first for Sagard’s newest, moderate... Read more »