California

22501 Hawthorne Blvd. in Torrance, California
Affordable HousingCaliforniaDevelopmentInvestment SalesNewsWestern

Intracorp Homes Acquires 3.8-Acre Redevelopment Site in Torrance, California for $21 Million

by Channing Hamilton

TORRRANCE, CALIF. — Intracorp Homes purchased 22501 Hawthorne Blvd., a 3.8-acre site in Torrance, from a locally based private investor for $21 million. John Read, Greg Sullivan and Trent Steeves of CBRE represented the seller. The property was historically a retail center anchored by a bowling alley called Gable House Bowl. Intracorp Homes plans to redevelop the site into a mixed-use project, which will include 17 affordable rental units as well as commercial space. Details on rent restrictions for the affordable units have not yet been disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaFinanceNewsWestern

California Landmark Receives $24.6 Million to Refinance Woodlark Residences in Larkspur, California

by Channing Hamilton

LARKSPUR, CALIF. — California Landmark has secured $24.6 million to refinance Woodlark Residences, an 80-unit community in Larkspur. Greg Reed, Kristen Croxton and Tina Quirin of Capital One arranged the five-year fixed-rate Freddie Mac loan. California Landmark acquired the property in 2014 and has since invested $3.7 million toward capital improvements, including renovations to all units as well as common areas and amenities. According to Apartments.com, the community currently offers amenities such as a pool, fitness center, grill and picnic area, a lounge and internet access.

Continue Reading
0 FacebookTwitterLinkedinEmail
VOX at Cumulus in Los Angeles
CaliforniaDevelopmentNewsWestern

Carmel Partners Opens 14-Acre, 910-Unit VOX at Cumulus in Los Angeles

by Channing Hamilton

LOS ANGELES — Carmel Partners has completed the development of VOX at Cumulus, a 14-acre mixed-use community in Los Angeles on the site of the former Cumulus radio station towers.  VOX at Cumulus includes 910 apartment and townhome units, including studios and one-, two- and three-bedroom floor plants. The property also offers 100,000 square feet of retail space anchored by a Whole Foods Market. The project development team also included TCA Architects (architects), DCI (structural engineering), AMPAM (plumbing), PSOMAS (civil), DFDA (mechanical), Seal Electric (electrical) and MLA (landscaping).

Continue Reading
0 FacebookTwitterLinkedinEmail
McComber Creek Apartment Homes in Buena Park, California.
CaliforniaInvestment SalesNewsWestern

The REMM Group Acquires 1,000 Units Across Eight Properties in Southern California

by Channing Hamilton

SANTA ANA, CALIF. — The REMM Group, a property management company headquartered in Santa Ana, has acquired eight Southern California properties totaling over 1,000 units. The largest of the properties is McComber Creek Apartment Homes, a 348-unit community in Buena Park, California. McComber Creek offers studio, one- and two-bedroom apartments, as well as amenities such as a pool and two tennis courts.  The other seven properties include: Villa Creek Apartment Homes in Cypress, California; The Jagger in Los Angeles; Pasadena Village Apartment Homes in Tustin, California; Fountain Park Apartment Homes in Buena …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingCaliforniaNewsOperationsPeople NewsWestern

Alta Housing Adds Stephanie Shipe as Vice President of Property Management

by Channing Hamilton

PALO ALTO, CALIF. — Alta Housing has selected Stephanie Shipe as Vice President of Property Management. In this role, Shipe will manage over 1,000 units and a team of 35 professionals. Shipe previously served as the Director of Portfolio Management for the Housing Authority of the City of Alameda, California. Prior to this, she served as Director of Operations at MidPen Housing, a non-profit developer, owner and of affordable housing in California and was appointed to the City of Alameda Housing Authority’s Board of Commissioners. Shipe received a Bachelor of Science …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaNewsPeople NewsWestern

Northmarq Newport Beach Office Adds Morgan Machado as Vice President-Producer

by Channing Hamilton

NEWPORT BEACH, CALIF. — Northmarq has hired Morgan Machado to its Newport Beach office as vice president-producer. In this role, Machado will arrange debt and equity on behalf of U.S. investors for multifamily and commercial real estate. Prior to joining the company, Machado was a commercial mortgage banker at Slatt Capital. He earned a Bachelor of Business Administration in finance from the University of San Diego.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaNewsPeople NewsWestern

CBRE Hires Multifamily Investment Sales Team to Woodland Hills Office in Los Angeles

by Channing Hamilton

LOS ANGELES — CBRE has selected John Boyett as first vice president and Adam Feldman as a senior associate in the firm’s Woodland Hills office in Los Angeles. Boyett and Feldman will focus on multifamily investment sales in the Los Angeles metropolitan area. Boyett previously served as associate vice president at Matthews Real Estate Investment Services (Matthews). Prior to joining Matthews, he played several seasons with the Indianapolis Colts and Denver Broncos in the National Football League as well as the Ottawa Redblacks in the Canada Football League. Boyett graduated from the University …

Continue Reading
0 FacebookTwitterLinkedinEmail
The sundeck of Ranchero Palms, a community in San Jose, California.
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $15.4 Million Sale of Ranchero Palms in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — CBRE arranged the $15.4 million sale of Ranchero Palms, a 61-unit community in San Jose. Keith Manson, Zachary Greenwood and Mac Watson represented both the buyer and seller. Ranchero Palms one- and two-bedroom floor plans, and was recently renovated with a new entry way, new railings and stairways and updated main electrical service. According to Apartments.com, the property was built in 1969 and offers community amenities such as a pool, a sundeck, on-site laundry facilities and dry cleaning services.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment SalesNewsWestern

Legacy Partners Acquires $18.3 Million Del Amo Village Development Site Near Los Angeles

by Channing Hamilton

TORRANCE, CALIF. — Legacy Partners has purchased Del Amo Village, a development site located in the Los Angeles suburb of Torrance, for $18.3 million. The site comprises 2.8 acres located within Los Angeles County’s South Bay submarket at 1844 Plaza del Amo. The development plan for the project includes entitlements for 200 market-rate units. Kevin Shannon, Ken White, Chris Benton, Michael Moore and Anthony Muhlstein of Newmark represented the sellers, which were PCCP, LaCaze, Muller Company and Bentall GreenOak.

Continue Reading
0 FacebookTwitterLinkedinEmail
An aerial show of The Landing Apartments in Ontario, California.
CaliforniaInvestment SalesNewsWestern

The Mogharebi Group Brokers $50.5 Million Sale of The Landing Apartments in Ontario, California

by Channing Hamilton

ONTARIO, CALIF. — The Mogharebi Group has arranged the $50.5 million sale of The Landing Apartments, a 156-unit community in Ontario, 37 miles east of Los Angeles. Alex Mogharebi, Otto Ozen, and Bryan LaBar represented the seller, an Orange County-based family. The property sold to a Los Angeles-based investor at a sub 4.5 percent cap rate. The Landing Apartments offers one- and two-bedroom floor plans, as well as amenities such as in-unit washers and dryers, a pool with a spa, a tennis court, carport parking and a community lake.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.