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.
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 …
KENT, WASH. — Institutional Property Advisors (IPA) has arranged the sale of Atrium on James, a 300-unit community in the Seattle suburb of Kent. FPA Multifamily LLC purchased the asset from a Tenants in Common managed by Open House Westwood LLC for $60.5 million. IPA’s Giovanni Napoli, Philip Assouad, Ryan Harmon, Nicholas Ruggiero and Anthony Palladino represented the seller and procured the buyer. Atrium on James was built in 1989 on 21.5 acres. Atrium on James offers one-, two- and three-bedroom units that average 835 square feet in size. Amenities …
ALBUQUERQUE, N.M. — The Bascom Group LLC has purchased Overlook Apartments, a 344-unit garden-style community in Albuquerque. Brandon Harrington and Tyler Woodard of Northmarq arranged the debt financing for the acquisition. TPG Real Estate Finance Trust was the lender. Trevor Koskovich, Jesse Hudson, Cynthia Meister, Ryan Boyle and Logan Baca led the Northmarq’s investment sales team that represented the seller in the deal. Situated at 6200 Eubank Boulevard, The Overlook offers units in one- and two-bedroom layouts. Amenities include two pools, a dog park, clubhouse, business center, fitness center and …
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.
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 …
BELLEVUE, WASH. — A buyer operating under the name 1830 108th VISEA LLC has purchased Bellefield Major, a 44-unit property located in Bellevue, for $16.1 million. Bellefield Manor is located at 1830 108th Ave. SE in the city’s downtown area. The community is situated within a half mile of the Sound Transit South Bellevue light rail station, which is slated to open in the spring of 2025. The buyer plans to make cosmetic upgrades to the value-add asset, which has already undergone interior and exterior renovations over the past decade. …
SEATTLE — JLL Capital Markets has brokered $11.9 million to refinance J.G. Whittier, a 54-unit community in Seattle’s Ballard neighborhood. JLL worked on behalf of the borrower, FFV Crown Hill LLC, to secure the five-year, fixed-rate loan through National Life Group. Seth Heikkila and Steve Petrie led the JLL Capital Markets Debt Advisory team. Recently built in 2023, J.G. Whittier offers studio, one- and two-bedroom units. Amenities include a rooftop pet play area, rooftop deck with green space, fireplace lobby and lounge, media room, EV charging stations and business center. The …
LAYTON, UTAH — PGIM Real Estate has provided an $18.5 million mezzanine loan to Rockworth Cos. for a 6.3-acre site in Layton, approximately 25 miles north of Salt Lake City. Daniel Kattan of PGIM secured the financing on behalf of the borrower. The site includes a newly constructed apartment community totaling 252 units, as well as two commercial buildings with 15,000 square feet of second-story office space and 15,130 square feet of ground-floor retail space.
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 …