multifamily
San Diego Weighs $4.2B Midway Rising Deal That Trades Ground Rent for 2,000 Affordable Homes on 48.5-Acre Sports Arena Site
San Diego's Independent Budget Analyst has put a price on the city's side of the Midway Rising deal ahead of a Land Use...
CIM Group’s 34-Story, 514-Unit 1000 La Brea Tower Clears West Hollywood Planning Commission, Six Billboards Included
West Hollywood's Planning Commission has recommended that the City Council approve CIM Group's 34-story, 514-apartment tower on the former Cemex concrete plant at...
Los Angeles Water and Power Pension Doubles Down on Vistria Workforce Housing in $250MM Real Estate Push
The Los Angeles Water and Power Employees’ Retirement Plan has steered $250 million into three private real estate vehicles, doubling its stake in...
Cass Street, Global Mutual Launch $20MM Site Work to Turn Former Costa Verde Center Into 13-Block High Street Village Near UTC
Sorrento Valley-based Cass Street Venture has started demolishing the long-vacant Costa Verde Center across from Westfield UTC, rebranding the 12.6-acre site as High...
$19MM Bridge Refinance Secured for 55-Unit North Park Loft Apartments in San Diego
The owner of a newly built 55-unit loft apartment building in San Diego’s North Park was facing a paydown of up to $4...
Los Angeles County Apartment Sales Slip 7% as 24,911-Unit Pipeline Pressures Lease-Ups
Los Angeles County’s apartment sales slipped in the third quarter even as the broader Southern California market rebounded, with a 24,911-unit construction pipeline,...
Alliant Communities Lands $36MM Measure ULA Loan for 200-Unit Affordable Project on Former Northridge Rite Aid Site
Calabasas-based Alliant Communities has lined up a $36.1 million Measure ULA commitment from the Los Angeles Housing Department to replace a shuttered Rite...
JPI Wins Lakewood Approval to Replace Former AARP Office With 388-Unit Apartment Complex at 3200 E. Carson St.
Texas-based developer JPI has secured City of Lakewood approval to demolish AARP's former 84,000-square-foot regional office and build a five-story, 388-unit apartment community...
Amber Creek, Rosewood Associates Sell 206-Unit Amberwood and Rosewood Apartments Portfolio for $36.65MM in Fallbrook
Two longtime ownership entities sold the Amberwood and Rosewood apartment communities in Fallbrook for a combined $36.65 million, handing buyers 206 older units...
BRIDGE Housing Wins AA Rating from S&P, Setting the High-Water Mark for Nonprofit Housing Developers
S&P Global Ratings lifted BRIDGE Housing Corp.'s issuer credit rating and the rating on its outstanding debt to AA from AA-, rewarding the...
Longtime Family Owner Sells 29-Unit Empire Apartments in Anaheim for $8.5MM in All-Cash 1031 Play
A family that held Anaheim's Empire Apartments for more than three decades sold the 29-unit, townhome-heavy complex to a large property management company...
LACERA Lands $200MM Slot in Energy Capital Partners’ $8.1 Billion Power Fund, Adds $75MM Whitman Peterson Co-Investment
The Los Angeles County Employees Retirement Association squeezed a $200 million commitment into Energy Capital Partners' oversubscribed sixth flagship fund just as it...
