Sunday, December 22, 2024
Read the Digital Magazines Subscribe to the Newsletter

California

Cobalt Apartments in Los Angeles
CaliforniaInvestment SalesNewsWestern

Institutional Property Advisors Brokers Sale of Cobalt Apartments in Los Angeles

by Channing Hamilton

LOS ANGELES — Institutional Property Advisors (IPA) has brokered the sale of Cobalt Apartments, a 135-unit community in the West Los Angeles-Culver City area of Los Angeles. IPA’s Kevin Green, Grabiec and Gregory Harris represented the seller, Greystar, and procured the buyer, Helio Group. Cobalt Apartments was built in 2019. Community amenities include a clubroom, fitness center, pool and spa, two open-air lounges, gated covered parking and bike storage. The average unit size is 854 square feet.

Continue Reading
0 FacebookTwitterLinkedinEmail
Chroma Apartment Homes in Los Angeles
CaliforniaDevelopmentNewsWestern

Fairfield Delivers 275-Unit Chroma Apartment Homes in Los Angeles

by Channing Hamilton

LOS ANGELES — Fairfield has completed the development of Chroma Apartment Homes, a 275-unit community in the Los Angeles neighborhood of Canoga Park. Located at 6709 Independence Ave. #100, Chroma Apartment Homes offers units in studio, one- and two-bedroom layouts. Amenities include a rooftop lounge, pool and spa, courtyards, a fitness center, co-working lounge, pet park and pet wash station.

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingCaliforniaDevelopmentFinanceLouisianaNewsSoutheastWestern

American South Fund Management Closes $174 Million Affordable Housing Fund

by Channing Hamilton

LOS ANGELES AND SHREVEPORT, LA. — American South Fund Management (ASFM), a joint venture between SDS Capital Group and Vintage Realty, has closed its second real estate fund with $174 million in equity commitments. SDS Capital Group is a Los Angeles-based impact fund manager. Vintage Realty is a property developer and manager that is headquartered in Shreveport, Louisiana. ASFM’s fund will provide preferred equity and equity financing for affordable housing projects in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. The fund includes a $50 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pulse Millenia in Chula Vista, California
CaliforniaInvestment SalesNewsWestern

JLL Capital Markets Arranges $116 Million Sale of Pulse Millenia in San Diego Suburb

by Channing Hamilton

CHULA VISTA, CALIF. — JLL Capital Markets has arranged the $116 million sale of — and $71.8 million in acquisition financing for — Pulse Millenia, a 273-unit community in the San Diego suburb of Chula Vista. JLL represented the seller, Northwestern Mutual, in the deal. JLL also worked on behalf of the new owner to secure a seven-year, fixed-rate loan through Freddie Mac Multifamily. Built in 2016, Pulse Millenia was the first community to be constructed as part of the $4 billion Millenia, a master planned development in Chula Vista’s …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentNewsWestern

JPI Breaks Ground on Jefferson Inglewood in Los Angeles Suburb

by Channing Hamilton

INGLEWOOD, CALIF. — JPI has broken ground on Jefferson Inglewood, a 222-unit development in the Los Angeles suburb of Inglewood. The community will rise eight stories and offer studio, one- and two-bedroom floor plans. The project utilizes the City of Inglewood’s Transit Oriented Development plan and design guidelines. TCA Architects was the architect. Englekirk Engineering provided structural engineering services. Kimley Horn Associates Engineering provided civil engineering. First occupancies at the property are slated for early 2026.

Continue Reading
0 FacebookTwitterLinkedinEmail
Legado at the Met in Santa Ana, California
CaliforniaDevelopmentFinanceNewsWestern

Gantry Arranges $128 Million Construction-to-Permanent Financing for Legado at the Met in Santa Ana, California

by Channing Hamilton

SANTA ANA, CALIF. — Gantry Inc. has negotiated $128 million in construction-to-permanent financing through three separate lenders for the development of Legado at the Met in Santa Ana, less than 10 miles southeast of Anaheim. The borrower was Legado Cos. Legado at the Met will comprise 258 market-rate apartments. The development will be situated at 200 E. First American Way. According to the City of Santa Ana’s government website, the community will rise six stories. Units will come in studio, one, two and three-bedroom layouts ranging from approximately 612 to …

Continue Reading
0 FacebookTwitterLinkedinEmail
73435 San Gorgonio Way in Palm Desert, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $2.2 Million Sale of 10-Unit Community in Palm Desert, California

by Channing Hamilton

PALM DESERT, CALIF. — CBRE has negotiated the sale of a 10-unit property located at 73435 San Gorgonio Way in Palm Desert’s Palma Village Groves neighborhood. The two-story, 8,360-square-foot building was built in 1988 on 0.6 acres. Units come in two-bedroom layouts and feature a patio or balcony. Amenities include a community pool and garage parking. Dan Blackwell and Andrew Boukather of represented the Los Angeles County-based buyer. The buyer’s identity was not disclosed. The seller was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaFinanceNewsWestern

Colliers Arranges $27.8 Million to Refinance Edgeway in Bellflower, California

by Channing Hamilton

BELLFLOWER, CALIF. — The Colliers Structured Finance Group (SFG) has negotiated a $27.8 million Fannie Mae loan for the refinancing of Edgeway, a 91-unit complex in the Los Angeles suburb of Bellflower. Jonathan Lee, Bill Hyatt and Shahin Yazdi of Colliers SFG arranged the loan, which is priced at 5.5 percent for five years. The borrower was Serrano Development Group. Built in 2023, Edgeway offers one-, two- and three-bedroom apartments with quartz countertops, in-unit washers and dryers, stainless steel appliances and private balconies. Community amenities include a pool, spa and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingCaliforniaDevelopmentInvestment SalesNewsWestern

Liberty National Corp. Acquires Site to Develop High-Rise Community in San Diego

by Channing Hamilton

SAN DIEGO — Liberty National Corp. has purchased a 22,484-square-foot property in San Diego’s downtown area for an undisclosed price. The developer plans to construct a high-rise community on the site, including a selection of affordable housing units. The site is located at 1520 and 1532 3rd Avenue in San Diego’s Cortez Hill neighborhood, directly across the street from the historic St. Joseph Cathedral. Liberty National Corp. states that the company acquired the site due to its location, which is in proximity to attractions such as Balboa Park, Little Italy and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Crestview Apartments in Costa Mesa, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $5 Million Sale of Crestview Apartments in Costa Mesa, California

by Channing Hamilton

COSTA MESA, CALIF. — CBRE has arranged the sale of Crestview Apartments, a 19-unit property in Costa Mesa. Crestview Apartments was built in 1957 on 0.5 acres. Dan Blackwell and Mike O’Neill represented the seller in the deal. Blackwell and O’Neill, along with Jack O’Connor, also represented the buyer. Both parties were Orange County-based private investors. Crestview Apartments rises two stories and comprises one 8,931-square-foot building. The value-add property includes in-place RUBS (Ratio Utility Billing System), where tenants pay for water and trash, in addition to being individually metered for …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2024 France Publications, dba France Media Inc.