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Investors Head to South Bay for Value-Add Deals
News 13 hours ago
Investors Head to South Bay for Value-Add Deals

A private investor has picked up a value-add apartment deal in the thriving South Bay submarket. The 16-unit property is located in El Segundo and...

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Brasa Capital Closes Its Debut Fund
News 3 days ago
Brasa Capital Closes Its Debut Fund

Brasa Capital has closed its debut investment fund oversubscribed at $120 million, exceeding its initial fundraising goal of $100 million. The fund...

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Slow Job Growth Will Hamper Apartment Demand Next Year
News 4 days ago
Slow Job Growth Will Hamper Apartment Demand Next Year

The multifamily market might be headed for a slowdown next year. According to a new economic letter from UCLA Anderson Forecast and UCLA Ziman...

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Sunbelt States Primed for Multifamily Investment
News 4 days ago
Sunbelt States Primed for Multifamily Investment

Population growth has made the sunbelt states among the most popular markets for multifamily investment this year. Arizona, Nevada, Texas, Florida...

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Passco Increases Florida Portfolio with $63M Multifamily Buy
News 4 days ago
Passco Increases Florida Portfolio with $63M Multifamily Buy

DESTIN, FL-Following up its December purchase of the Sea Glass Apartments here, Passco Companies has acquired the 300-unit Legacy on the Bay...

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Port of NY and NJ Poised to Become Nation’s Second Busiest Port
News 5 days ago
Port of NY and NJ Poised to Become Nation’s Second Busiest Port

NEW YORK CITY-Officials with the Port Authority of New York and New Jersey predict that the Port of New York and New Jersey is close to overtaking...

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Parkview Financial Funds West Adams Apartment Build
News 5 days ago
Parkview Financial Funds West Adams Apartment Build

Parkview Financial has provided $16.5 million to developer Los Angeles-based 5050 Pico for the construction of Kentish Town, a five-story 79-unit...

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In Senior Housing, Capital Sources Want Experienced Borrowers
News 5 days ago
In Senior Housing, Capital Sources Want Experienced Borrowers

The senior housing market is seeing a boom. With the 65-plus demographic growing daily, many investors and developers are entering the senior...

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Fullerton Apartment Owner Closes $56M Refi
News 6 days ago
Fullerton Apartment Owner Closes $56M Refi

Advanced Real Estate Services has secured $56 million to refinance the Highland Pinetree Apartments, a 320-unit apartment community located at 1501...

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L.A. Multifamily Vacancy Rate Holds Despite New Supply
News 1 week ago
L.A. Multifamily Vacancy Rate Holds Despite New Supply

Multifamily vacancy rates are holding steady even as a significant new apartment supply has come to market. According to research from NAI Capital,...

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Construction Costs Increased More Than 5% in 2018
News 1 week ago
Construction Costs Increased More Than 5% in 2018

Construction costs are continuing to climb. Last year alone, construction pricing increased 5.07%. Materials costs and a labor shortage are the...

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Colony Refis $1.7B in Consolidated Healthcare Debt
News 1 week ago
Colony Refis $1.7B in Consolidated Healthcare Debt

Colony Capital has refinanced $1.7 billion in consolidated debt in its healthcare segment. The debt was scheduled to mature in December 2019. The...

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Partnership Sells Pasadena Value-Add Apartment Deal
News 1 week ago
Partnership Sells Pasadena Value-Add Apartment Deal

An entity formed by two private investors has sold a value-add multifamily complex in the Pasadena market. After purchasing the property in 2016,...

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Overall, SoCal’s Population Is Shrinking
News 1 week ago
Overall, SoCal’s Population Is Shrinking

Los Angeles is the most populated US metro outside of New York, and while the greater L. A. area, including Orange County, is seeing inward...

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Inglewood Passes Permanent Rent Stabilization
News 1 week ago
Inglewood Passes Permanent Rent Stabilization

The Inglewood City Council passed a permanent rent control ordinance Tuesday, which will cap rent increases in the market at 5% annually. The...

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How Will the Drop in Interest Rate Impact CRE Pricing?
News 1 week ago
How Will the Drop in Interest Rate Impact CRE Pricing?

For the last three years, commercial real estate pricing had stalled, increasing at about 2.1% per year through April 2019, according to a new...

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Natural History Museum Plans Overhaul of La Brea Tar Pits
News 1 week ago
Natural History Museum Plans Overhaul of La Brea Tar Pits

The Natural History Museum in Los Angeles started to masterplan a 12-acre site at Hancock Park. Three architecture firms are currently competing to...

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PACE Providers Continue to Expand in L.A.
News 2 weeks ago
PACE Providers Continue to Expand in L.A.

PACE providers are expanding in Los Angeles, and it is helping to drive medical office leasing activity. WelbeHealth has signed a new lease at with...

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West Hollywood’s Historic Casa Real Trades Hands
News 2 weeks ago
West Hollywood’s Historic Casa Real Trades Hands

Concord Capital Partners has purchased Casa Real, a 60-unit multifamily property located in West Hollywood. The property traded hands for $17...

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Realm Group Buys Second DTLA Development Site
News 2 weeks ago
Realm Group Buys Second DTLA Development Site

The Realm Group has acquired a 1.5-acre land site in Downtown Los Angeles with plans to build a 36-story, 422-unit multifamily high-rise. The Realm...

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Prefab Construction Will Change the Healthcare Business Model
News 2 weeks ago
Prefab Construction Will Change the Healthcare Business Model

Healthcare is moving away from a direct ownership model and toward aggregation with a cohort of operators contributing to a single facility....

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CA Billionaire Acquires Former McDonald’s HQ Complex
News 2 weeks ago
CA Billionaire Acquires Former McDonald’s HQ Complex

OAK BROOK, IL-Billionaire entrepreneur John Paul DeJoria, co-founder of Beverly Hills, CA-based Paul Mitchell hair products line and The Patrón...

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Trojan Storage Buys First Land Site in Glendale
News 2 weeks ago
Trojan Storage Buys First Land Site in Glendale

Trojan Storage, a self-storage developer, has acquired a 1.87-acre land site in Glendale, California, from a local owner for $9 million. The...

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Strong Competition for Glendale Apartment Portfolio Deals
News 2 weeks ago
Strong Competition for Glendale Apartment Portfolio Deals

Competition is robust for apartment assets in Glendale, CA. An eight-property portfolio totaling 261 units garnered more than 25 offers and closed...

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There Are Still Good Value-Add Deals in L.A.
News 2 weeks ago
There Are Still Good Value-Add Deals in L.A.

There Are Still Good Value-Add Deals in L. A. A joint venture between NextGen Apartments and Hanover Financial has acquired to value-add apartment...

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It’s NY v. CA Again: Priciest Rents
News 2 weeks ago
It’s NY v. CA Again: Priciest Rents

NEW YORK CITY-How much rent are you, your friends or family paying for an apartment? The national average rent for a studio is $1,277. For a one...

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L.A. Adjusting to High-Rise-Style Living
News 2 weeks ago
L.A. Adjusting to High-Rise-Style Living

Los Angeles has become known for its sprawl, space and single-family homes, but as the city adopts density, residents are adjusting to the idea of...

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Construction of Tarzana Medical Atrium Nears Completion
News 2 weeks ago
Construction of Tarzana Medical Atrium Nears Completion

Construction is nearing completion of the Tarzana Medical Atrium, a 90,000-square-foot medical office building located across from the Providence...

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Pebblebrook Hotel Trust Sells Hotel Amarano Burbank
News 2 weeks ago
Pebblebrook Hotel Trust Sells Hotel Amarano Burbank

Pebblebrook Hotel Trust has executed a contract to sell the Hotel Amarano Burbank to an unnamed third-party for $72.9 million. The sales price...

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Los Angeles Multifamily Rents Sustain Record Levels
News 2 weeks ago
Los Angeles Multifamily Rents Sustain Record Levels

Apartment rent growth in Los Angeles has slowed, but the market has sustained record-high rents with nominal increases. According to a recent...

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