#apartment-complex

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#fire-incident

Man dies in San Leandro two alarm apartment fire that left 12 residents displaced

A 78-year-old man died in a fire at his apartment, while two residents escaped and the family dog also perished.

SE Portland apartment fire displaces three residents

The fire was contained quickly, preventing further damage to the apartment complex.

Man dies in San Leandro two alarm apartment fire that left 12 residents displaced

A 78-year-old man died in a fire at his apartment, while two residents escaped and the family dog also perished.

SE Portland apartment fire displaces three residents

The fire was contained quickly, preventing further damage to the apartment complex.
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Unions picket over pay at Berkeley housing development

Local construction unions protested wage discrepancies at a Berkeley site, claiming workers earned below fair rates compared to union standards.
#affordable-housing

Coast Meridian plans 69-unit apartment complex in Santa Monica

A defunct auto repair shop will be replaced by a 69-unit apartment complex in Santa Monica, enhancing local housing options.

Rose Equities, Garden Communities Team for Torrance Project

Rose Equities and Garden Communities have filed plans to build a four-building complex with 272 apartments in Torrance, California.
The development, called Torrance Del Amo, would include a mix of studio, one-, two-, and three-bedroom apartments and would utilize density bonus incentives to include 28 affordable units for very low-income households.

San Jose apartments $75 million-plus deal helps affordable homes plan

A nonprofit organization has purchased a prominent apartment complex in downtown San Jose to convert it into affordable housing.
The purchase was made using a $100 million package of tax-exempt bonds to finance the acquisition and rehabilitation of the apartments.
The conversion plan will create much-needed affordable housing in San Jose, which currently lacks a sufficient amount of affordable housing.

Uncommon eyes affordable apartment building in Northridge

Uncommon Developers is adding a 255-unit affordable apartment complex in Northridge, utilizing density bonus incentives and waivers for development standards.
The project, Uncommon Halsted, will offer mostly affordable units for low- and moderate-income households, designed by JZA Architecture without eaves or balconies.

Vitruvian Looks to Build 27-Unit Apartment Building in Hollywood

Vitruvian Development Group plans a 27-unit apartment complex in Hollywood with affordable housing set aside as part of density bonus incentives.

Coast Meridian plans 69-unit apartment complex in Santa Monica

A defunct auto repair shop will be replaced by a 69-unit apartment complex in Santa Monica, enhancing local housing options.

Rose Equities, Garden Communities Team for Torrance Project

Rose Equities and Garden Communities have filed plans to build a four-building complex with 272 apartments in Torrance, California.
The development, called Torrance Del Amo, would include a mix of studio, one-, two-, and three-bedroom apartments and would utilize density bonus incentives to include 28 affordable units for very low-income households.

San Jose apartments $75 million-plus deal helps affordable homes plan

A nonprofit organization has purchased a prominent apartment complex in downtown San Jose to convert it into affordable housing.
The purchase was made using a $100 million package of tax-exempt bonds to finance the acquisition and rehabilitation of the apartments.
The conversion plan will create much-needed affordable housing in San Jose, which currently lacks a sufficient amount of affordable housing.

Uncommon eyes affordable apartment building in Northridge

Uncommon Developers is adding a 255-unit affordable apartment complex in Northridge, utilizing density bonus incentives and waivers for development standards.
The project, Uncommon Halsted, will offer mostly affordable units for low- and moderate-income households, designed by JZA Architecture without eaves or balconies.

Vitruvian Looks to Build 27-Unit Apartment Building in Hollywood

Vitruvian Development Group plans a 27-unit apartment complex in Hollywood with affordable housing set aside as part of density bonus incentives.
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#investment

JPMorgan sells LA apartments at 25% discount to FPA Multifamily

JPMorgan sold a Los Angeles apartment complex for $86.1 million, a 25% loss from its purchase price in 2020.

Big East Bay apartment complex lands buyer in $30 million-plus deal

Pacific Urban Investors buys The Kensington apartment complex in Pleasanton for $35.5 million.
The purchase suggests that there is still demand for apartment properties in the Bay Area despite economic difficulties.

Big East Bay apartment complex is bought for more than $50 million

A veteran real estate firm, Hines, purchased The Rise Walnut Creek apartment complex for over $50 million, indicating a profit for the developer, Rescore Property.

JPMorgan sells LA apartments at 25% discount to FPA Multifamily

JPMorgan sold a Los Angeles apartment complex for $86.1 million, a 25% loss from its purchase price in 2020.

Big East Bay apartment complex lands buyer in $30 million-plus deal

Pacific Urban Investors buys The Kensington apartment complex in Pleasanton for $35.5 million.
The purchase suggests that there is still demand for apartment properties in the Bay Area despite economic difficulties.

Big East Bay apartment complex is bought for more than $50 million

A veteran real estate firm, Hines, purchased The Rise Walnut Creek apartment complex for over $50 million, indicating a profit for the developer, Rescore Property.
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#real-estate

Five cars at a Miami apartment complex go up in flames. 'I didn't know what to do.'

Fire at Little River apartment complex destroyed cars early morning.

Developer Panku Scores $82M Refinance on Irvine Apartments

Real estate firm Panku has refinanced an apartment complex in Irvine with an $82 million loan from Western & Southern Life Assurance.
The loan was used to pay off outstanding debt and reimburse cost overruns for the project.
Insurance companies are becoming one of the few lenders willing to provide debt for multifamily projects.

Big San Jose apartment project lands key piece of real estate funding

A 272-unit apartment complex, Aquino, in downtown San Jose received $6.1 million interim funding for development by Urban Catalyst at the corner of West San Carlos Street and Josefa Street.

Five cars at a Miami apartment complex go up in flames. 'I didn't know what to do.'

Fire at Little River apartment complex destroyed cars early morning.

Developer Panku Scores $82M Refinance on Irvine Apartments

Real estate firm Panku has refinanced an apartment complex in Irvine with an $82 million loan from Western & Southern Life Assurance.
The loan was used to pay off outstanding debt and reimburse cost overruns for the project.
Insurance companies are becoming one of the few lenders willing to provide debt for multifamily projects.

Big San Jose apartment project lands key piece of real estate funding

A 272-unit apartment complex, Aquino, in downtown San Jose received $6.1 million interim funding for development by Urban Catalyst at the corner of West San Carlos Street and Josefa Street.
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372 apartments move forward at a former San Jose DMV site

The former DMV in central San Jose will be transformed into a 372-unit apartment complex called 'The Place' with unique design. The area is well-suited for dense housing.

Cypress Equity Eyes 288 Apartments in Santa Monica

Cypress Equity Investments is planning to replace a former Honda dealership with a 288-unit apartment complex in Santa Monica.

Clarion Partners Sells Playa Vista Apartments for $122M

Clarion Partners sold Playa Vista apartment complex for $122 million, $7.3 million less due to city tax, now owned by DivcoWest at $570,000 per unit.

Massive fire rips through apartment complex in Lomita

A massive fire broke out at an apartment complex in Lomita.
Firefighters were still battling the three-alarm blaze two hours later.
The apartment complex is described as a two-story building with at least 25 units.

Hollywood Developer Leeor Maciborski Plans 131 Apartments

Leeor Maciborski plans to build a 138,894-square-foot apartment complex in East Hollywood.
The proposed apartment complex would include 131 units and 148 parking spots.

Legado Gets $128M Loan for Apartments in Santa Ana

Legado Companies secures $128 million loan to build apartment complex in Santa Ana
Plans call for 270 apartments, a parking garage, and various amenities

Bolour Secures OK for Apartment Complex in West LA

Bolour Associates has received approval to build a 30-unit apartment complex in West Los Angeles.
The complex will include studio, one-bedroom, and two-bedroom apartments, as well as live-work apartments and rooftop decks.

Parkview Financial Pitches 211 Apartments in Canoga Park

An affiliate of Parkview Financial plans to build a large apartment complex in Canoga Park.
The project will involve demolishing a graffiti-covered shopping center and constructing an eight-story building with 211 apartments.

Goldrich Kest Seeks to Build 296-Unit Complex in Monrovia

Goldrich Kest has filed plans to bulldoze two old apartment buildings in Monrovia and replace them with a 296-unit complex.
The project, called Oak Park, would include one-, two-, and three-bedroom apartments and a public parklet along Primrose Avenue.
Goldrich Kest seeks density bonus incentives to allow for a larger building than local zoning rules permit.

Irvine Company Replaces Plans for OC Offices With Homes

The Irvine Company is changing its plans for Academy Point and will now build a 1,200-unit apartment complex instead of a life science office complex.
The shift in plans is due to the decline in office values and the booming multifamily market.
The Irvine Company aims to build housing near workforce hubs and it would be the first housing built at its UCI Research Park.

Advanced Real Estate Buys Costa Mesa Apartments for $234M

Advanced Real Estate has acquired a 714-unit apartment complex in Costa Mesa for $234 million, making it the largest multifamily deal in Orange County in 2023 so far.
The property, formerly called Camden Martinique Apartments, will be renamed The Grand Costa Mesa and undergo a $45 million remodel project, expected to be completed in four years.

USC Appeals Apartment Project for Blocking LA Coliseum Sign

USC has mounted a Trojan defense against an approved five-story building it says would block the sign for the 100-year-old Memorial Coliseum.

LaTerra Plans 230-Unit Apartment Complex in Del Rey

LaTerra Development plans to build 230 apartments in Del Rey, Los Angeles.
The developer seeks density bonus incentives to build a larger building in exchange for affordable housing.
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