Los Angeles-based Decron Properties has made its first acquisition in nearly two years, paying $114 million for an apartment complex along LA’s Miracle Mile. Decron bought 5550 Wilshire Blvd., a 163-unit complex,... Read more »
Prime Residential just plunked down more than $50 million for an apartment complex near Los Angeles’ Museum Row. The San Francisco-based multifamily owner and operator acquired the 134-unit Palm Court Apartments at... Read more »
Marcus & Millichap closed the sale of Palm Court Apartments, a 132-unit multifamily property in the Miracle Mile neighborhood of Los Angeles. The asset traded for $51.25 million, or $388,258 per unit. “We created a... Read more »
Metlife wants Rockpoint to cede control of a Miracle Mile office tower. In a complaint dated early June, the lender claims the owner is in default on a roughly $164 million loan. ... Read more »
Onni Group is scrapping its pre-pandemic office expansion plans at Wilshire Courtyard in favor of a hefty housing play that would bring more than 2,500 apartments to Miracle Mile. The Vancouver-based developer... Read more »
Chinese-born real estate investor Maggie Gong Miracle, who also goes by Yi Chang Gong, is the developer behind Hollywood’s latest $1-billion proposed development. Her real estate development firm filed updated plans for... Read more »