Pasadena Apartments Sell at 4.38% Cap Rate

Pasadena Apartments Sell at 4.38% Cap Rate

Marcus & Millichap closed the sale of 1471 Fair Oaks Ave., an 18-unit apartment property in Pasadena. The asset changed hands for $4 million, or $222,222 per unit, at a cap rate... Read more »
Legado Gets 8M Loan for Apartments in Santa Ana

Legado Gets $128M Loan for Apartments in Santa Ana

Legado Companies has secured a $128 million loan to build a 270-unit apartment complex in Santa Ana. The Beverly Hills developer led by Edward Czuker received the loan to build the six-story... Read more »
Developer Panku Scores M Refinance on Irvine Apartments

Developer Panku Scores $82M Refinance on Irvine Apartments

Panku, a real estate development firm run by Alex Wang, has refinanced an apartment complex in Irvine — the first project the company completed.  Western & Southern Life Assurance provided a five-year,... Read more »
Mike Barry Adds Apartments to Hotel Project in Koreatown

Mike Barry Adds Apartments to Hotel Project in Koreatown

A Koreatown property owner has tweaked plans for a six-story hotel to include an extra floor and 20 apartments.  EWAI, an architecture firm based in Koreatown, has filed revised plans on behalf... Read more »
Pasadena Apartments Sell at 4.38% Cap Rate

Bolour Secures Entitlements for West LA Apartments

Privately-owned real estate investment, development and finance company Bolour Associates Inc. has secured the entitlements to build a new five-story, for-rent residential apartment building in West Los Angeles. The building will sit at 2424 S.... Read more »
Pasadena Apartments Sell at 4.38% Cap Rate

Marquette Finishes Adaptive Reuse of West Loop Hospital into Apartments

Marquette Companies has completed The Thompson at Fulton Market, a 210-unit mixed-use apartment building at 150 N. Ashland Avenue, on the former Mary Thompson Hospital site in Chicago’s Fulton Market neighborhood. Named... Read more »
Race for more EV charging stations at offices and apartments

Race for more EV charging stations at offices and apartments

When city approval of a proposed $350 million skyscraper in downtown Los Angeles was on the line, project manager Hamid Behdad knew he had to give in to the last-minute demand of... Read more »
Pasadena Apartments Sell at 4.38% Cap Rate

Huntington Beach Apartments Fetch $127M

The Mogharebi Group (TMG) arranged the $127-million sale of Regency Palms, a 310-unit gated multifamily community in Huntington Beach, in what is one of the largest multifamily transactions in Orange County over the past 12... Read more »
Equity Residential Sells Huntington Beach Apartments

Equity Residential Sells Huntington Beach Apartments

Equity Residential, one of the biggest publicly traded real estate owners in the U.S. and L.A.’s largest landlord, sold Regency Palms, a 310-unit Huntington Beach multifamily property, after owning it for 28... Read more »
Ed Hadad and Tenderloin Nonprofit to Build SF Apartments

Ed Hadad and Tenderloin Nonprofit to Build SF Apartments

Ed Hadad and Tenderloin Neighborhood Development each want to build next-door apartment buildings in San Francisco’s Outer Sunset, where new housing is scarce. Locally based Arcus Architecture + Planning, representing Hadad, filed... Read more »