Housing Diversity has secured $34.2 million in financing for a nearly completed, 147-unit “micro apartment” complex in Downtown Los Angeles. The Seattle-based developer landed the loan to complete the eight-story Vida DTLA... Read more »
Institutional Property Advisors (IPA) has arranged the $153-million sale of a two-property, 409-unit multifamily portfolio in Ventura Count. The properties are Oakview Apartment Homes, a 242-unit asset built in 1970 in Westlake Village,... Read more »
The Prado apartment complex in Santa Clara has sold for $125 million, reported the Mercury News. Alliance Residential acquired the 251-unit property from San Ramon-based Summerhill Homes Apartment Communities, which developed the... Read more »
Helio Group, an investment firm run by Simon Lazar and Sam Mostadim, have bought an apartment complex in Culver City for $67.7 million, according to property records. Greystar sold the 135-unit property,... Read more »
A limited liability company tied to Joseph Daneshgar has bought an 18-unit luxury apartment complex in Westwood for $28 million — or $1.6 million per unit. Brea JD, based in Beverly Hills,... Read more »
Abode Communities wants to build a 60-unit affordable housing complex in South Los Angeles. An affiliate of the nonprofit developer based in Downtown L.A. filed plans to build the four-story building at... Read more »
CBRE and Carolwood Estates brokered the sale of Utama Royale, a luxury 18-unit multifamily building located at 10351 Wilshire Blvd. between Beverly Hills and Westwood. The property along Wilshire Boulevard’s “Golden Mile” was... Read more »
A development group is looking to build a 159,000-square-foot Costco Wholesale store and a residential project in Littleton, CO. The Denver Business Journal reports Republic Investment Group is working with the city... Read more »
CBRE finalized the sale of 2203 E. Bermuda St., an eight-unit multifamily property in Long Beach, for $2.7 million to a private investor. The selling price represents $337,500 per unit and $323 per square... Read more »
Developers in Los Angeles may get bonuses for building three- and -four-bedroom apartments. Los Angeles City Council President Paul Krekorian has filed a motion to create a new density bonus incentive to... Read more »