OCEANSIDE, CALIF. — Mill Creek Residential has broken ground on Modera Neptune, a 359-unit mid-rise in Oceanside. Modera Neptune will be comprised of one- and two-bedroom units ranging from 700 to 1,451 square feet, with some units featuring dens. Amenities will include a rooftop resort-style pool and deck with a hot tub and a wellness spa with a steam room, sauna and red light therapy room. An outdoor kitchen will be complemented by a dining and grilling area and fire pit. The property also will feature a clubroom, game room, …
California
CULVER CITY, CALIF. — Century Housing has hired Jacqueline Waggoner as president and chief executive officer. The nonprofit affordable housing development company has created or preserved approximately 63,000 homes in California over the past 30 years. Waggoner joins Century Housing from Enterprise Community Partners, where she held the title president of the solutions division. In that role, she oversaw a portfolio of housing, capital and policy initiatives across the country and led approximately $1 billion in impact investments and grants. Prior to that role, Waggoner led Enterprise’s Southern California market, …
CLAREMONT, CALIF. — Jamboree Housing Corp. has opened Larkin Place, a 33-unit affordable housing community in Claremont, a city in eastern Los Angeles County, about 33 miles east of downtown Los Angeles. Larkin Place is intended to serve low-income and formerly homeless individuals and is comprised of eight studios and 24 one-bedroom units reserved for households earning no more than 30 percent of area median income. A manager will occupy the remaining unit. Several public and private financial partners participated in bringing the $23.9 million development to fruition. Los …
LOS ANGELES — High Street Residential, a subsidiary of Trammell Crow Co., and joint venture partner Haseko North America, has broken ground on Jules San Pedro. Located in the San Pedro Waterfront Arts District in Los Angeles, the development will be comprised of 281 apartments and 1,276 square feet of ground-floor retail space. The eight-story community, designed by KFA Architecture, will offer a mix of studio, one- and two-bedroom residences. The project’s amenity program is centered around its rooftop, which includes a lounge and deck with harbor views. The property …
CULVER CITY, CALIF. — Cityview has sold Haven Culver City in Los Angeles County to TruAmerica. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller in the transaction. The sales price was not disclosed. TruAmerica concurrently acquired another local property, Luxe Villas, a 72-unit community located at 11640 Mayfield Ave. in Brentwood, for approximately $49.5 million. Haven Culver City was built in 2019, and Luxe Villas were constructed in 2006.
SANTEE, CALIF. — CBRE has arranged the $26.5 million sale of La Roca Plaza, a 100-unit property located at 10032 North Magnolia Ave. in Santee, about 20 miles northeast of San Diego. CBRE’s Conor Brennan and Rachel Parsons represented both the buyer and seller in the transaction. The parties were doing business as Casa La Roca Apartments LLC and La Roca Plaza LP. Situated on 4.6 acres, La Roca Plaza offers a mix of one-, two- and three‑bedroom floor plans. Amenities include a pool, playground, central courtyard, on-site laundry, high-speed …
SACRAMENTO, CALIF. — Greystar and PGIM have begun development of Marlowe Natomas, a 378-unit community located at 3580 North Freeway Blvd. in the Natomas neighborhood of Sacramento. Situated on approximately 13 acre, Marlowe Natomas will feature three-story, garden-style buildings containing a mix of one-, two- and three-bedroom floor plans complemented by amenities such as a resort-style pool with covered grilling stations, a shaded yoga lawn, pickleball court, fire pit, a pet run, rentable electronic bikes, a fitness center, private work spaces, a conference room, golf simulator and pet-washing facilities. The …
OCEANSIDE, CALIF. — CBRE has arranged the $14.4 million sale of The Flats, an 18-unit property in Oceanside, approximately 38 miles north of San Diego. CBRE’s Rachel Parsons, Philip Buckley and Anna Kampling represented FABRIC, the seller, in the sale. Conor Brennan, also of CBRE, represented the Dan and Cynthia Kronemyer Family Trust in the acquisition. The property was developed in 2024 and includes two ground-floor retail spaces totaling 2,785 square feet. Units are offered as one- and two-bedroom floor plans.
GLENDALE, CALIF, — IPA Capital Markets has arranged a $52 million refinancing loan for Arista Glendale, a 98-unit property in Glendale. Dwight Capital was the lender. IPA’s Stefen Chraghchian, based in Encino, California, arranged the five-year, interest-only loan. AHC Capital Holdings and Adept developed the property. Arista Glendale was a redevelopment of a former office building. Amenities include a resort-style pool with private cabanas, grills, an entertaining kitchen, coworking spaces, a package locker system, garage parking and a 24-hour fitness center.
LOS ANGELES — CIM Group has completed and opened Coro, a six-story, 168-unit property with 40,000 square feet of ground-floor retail in the West Adams neighborhood of Los Angeles. Units are offered as studios, one- and two-bedroom floor plans, and 17 apartments are reserved for households earning no more than 30 percent of area median income. CIM Group acquired the 1.3-acre Opportunity Zone property for the Coro project in 2023 from the West Angeles Church of God in Christ. Coro replaces the vacant former church, which relocated to the intersection …