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North Hollywood Apartments Trade to Locally Based LLC

North Hollywood Apartments Trade to Locally Based LLC

California & West + Apartment Buildings

Marcus & Millichap has finalized the sale of 13103 Barbara Ann St., a 41-unit multifamily property in North Hollywood. The property sold for nearly $5.89 million, or $143,610 per unit, and closed escrow at a 5.7% cap rate based on in-place income. “The property had been under the same ownership for more than 30 years,...

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Charney Companies, Tavros Break Ground on Fifth Gowanus Development

Charney Companies, Tavros Break Ground on Fifth Gowanus Development

New York & Tri-State + Apartment Buildings

Charney Companies and Tavros recently celebrated the groundbreaking of 175 Third St. in Gowanus, Brooklyn. The 27-story mixed-use tower, the newest addition to the Gowanus Wharf development, will house more than 1,000 apartments, approximately 250 of them affordable. Designed by Bjarke Ingels Group (BIG) and dencityworks, the project will also include a 28,000-square-foot public waterfront...

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JLL Arranges $276M Refi for Newport Beach Seniors Communities

JLL Arranges $276M Refi for Newport Beach Seniors Communities

California & West

JLL Capital Markets arranged $276 million in refinancing for Vivante Newport Center and Vivante Newport Mesa, a two-property seniors housing portfolio in Newport Beach. Senior managing director Greg Brown, assisted by senior managing director Aaron Rosenzweig worked on behalf of the borrower, an affiliate of Nexus Development, to secure two uncrossed loans for the portfolio....

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