In the latest example of the hot apartment investment market, two Thousand Oaks apartment buildings totaling nearly 400 units have sold for nearly $127 million.
L.A.- based multifamily investor Decron Properties Corp. said it has bought the 142-unit Marlowe Apartments at 550 Laurie Lane, and the 249-unit Los Robles Apartments at 300 Rolling Oaks Drive, from San Mateo apartment owner and property management firm Prometheus.
Continue reading “Thousand Oaks Apartments Sell for $127 Million”
Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties.
Continue reading “U.S. WILL TRACK SECRET BUYERS OF LUXURY REAL ESTATE”
By: David J. Lynn, Ph.D. and Peter Burley
The U.S. property market landscape in 2016 will appear similar to that of 2015, with a number of interwoven aspects that bode well for savvy investors who can step out in front of ongoing, and in some cases intensifying, economic, demographic and technological trends.
Continue reading “COMMERCIAL REAL ESTATE IN 2016 – 6 TRENDS”
The following is a list of the ten most expensive commercial real estate purchases in LA County. The list was compiled from information provided by CoStar, and includes buildings in multifamily, retail and office categories. Transactions include property sold only between October 1 and December 31, 2015.
The Village at Granada Hills, a 152-unit apartment complex, has sold for nearly $31.2 million to a Beverly Hills investment firm.
Continue reading “NORTHRIDGE APARTMENTS SOLD”
There’s no business like the multifamily business, especially when it comes to commercial real estate investment in the United States. According to JLL’s preliminary research, the total volume of apartment sales in 2015 not only exceeded last year’s record-breaking number — it crushed it. Investors poured nearly $139 billion into multifamily product, trumping 2014’s $106 billion by a whopping 31 percent. And JLL predicts 2016 will keep up the pace.
Continue reading “SALES OF MULTIFAMILY IN 2015 BREAK RECORDS”
The Martin Expo Town Center would put a big new residential/office/retail complex a block away from the Expo Line extension‘s Expo/Bundy station, on, somewhat poetically, the site of a Cadillac/GMC dealership. Plans first surfaced years ago, but now we’re finally seeing what it might look like, and it’s pretty dramatic. Urbanize LA says that the complex would replace the dealership with more than 500 residential units (either apartments for rent or condos), a 10-story tower with office and retail space, well over a thousand parking spaces, and a big pedestrian paseo to boot.
Continue reading “OLYMPIC AND BUNDY DEVELOPMENT ON SITE OF MARTIN CADILLAC”
WESTSIDE REALTY ADVISORS - REAL ESTATE MARKET NEWS 