LA Apartment Owners Feel Rising Debt Distress

LA Apartment Owners Feel Rising Debt Distress

MacFarlane Partners’ Landon Taylor and GH Palmer Associates’ Geoff Palmer with 427 West 5th Street (MacFarlane Partners, Getty, Google Maps) UPDATED, Feb. 2, 2024, 12:13 p.m.: When MacFarlane Partners finished Park Fifth,... Read more »
How more apartment supply is helping rent prices cool

How more apartment supply is helping rent prices cool

Recep-bg | E+ | Getty Images Rent costs are beginning to come down after record-high asking prices. “Rental markets are cooling, but in a lot of places, it doesn’t mean they’re falling.... Read more »
Rio Properties sells apartment portfolio in LA and Oakland for M

Rio Properties sells apartment portfolio in LA and Oakland for $30M

Rio Properties has sold a portfolio of five apartment buildings in Los Angeles and Oakland to multiple buyers in deals worth about $30 million. The Westchester-based firm run by David Darling sold... Read more »
Koreatown apartment owner settles sexual harassment allegations

Koreatown apartment owner settles sexual harassment allegations

A Koreatown apartment owner has agreed to pay $130,000 to settle allegations that one of its property managers sexually harassed tenants for nearly a decade. In May, the U.S. Department of Justice... Read more »
Take cash to leave a rent-controlled apartment? People do in L.A.

Take cash to leave a rent-controlled apartment? People do in L.A.

In 2022, not long after a new owner bought the Highland Park rental home where Ana Lopez, 66, lives with her husband, the tenants began receiving offers to leave. At first it... Read more »
MLG Capital Buys Suburban Apartment Complex for M

MLG Capital Buys Suburban Apartment Complex for $73M

MLG Capital, a Wisconsin-based real estate investor, paid nearly $73 million for Meadows at River Run, a 374-unit complex located at 350 Whitewater Drive in Bolingbrook, Illinois. MLG Capital purchased the property... Read more »
USC Appeals Apartment Project for Blocking LA Coliseum Sign

USC Appeals Apartment Project for Blocking LA Coliseum Sign

USC has mounted a Trojan defense against an approved five-story building it says would block the sign for the 100-year-old Memorial Coliseum. The university has appealed the City of Los Angeles’ OK... Read more »
Office or Apartment Towers in Hollywood?

Office or Apartment Towers in Hollywood?

Onni Group has beat back two appeals and received a preliminary nod for plans to build either office or apartment highrises in Hollywood. The Vancouver-based developer was approved by the Los Angeles... Read more »
Big Apartment Complexes Make Up 28% of California Rentals

Big Apartment Complexes Make Up 28% of California Rentals

Large apartment complexes house about a quarter of renters across California, with the bulk of the state’s tenants living in small buildings owned by mom-and-pops. The largest California rental complexes, those with... Read more »
MLG Capital Buys Suburban Apartment Complex for M

Fulton Market Life Sciences Project Replaced by Apartment Tower Plans

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces... Read more »