CBRE arranged the sale of 818 Gretna Green Way, a 27-unit luxury multifamily property located in the Brentwood section of Los Angeles, for $18 million to an undisclosed private investor. The firm’s Adam Peterson and Emil Gurfinkel represented both the seller and the buyer.
“This was a highly competitive process with five offers generated,” said Peterson. “The property ultimately sold to an all-cash, non-contingent buyer, underscoring the continued demand for well-located, luxury multifamily assets in core Los Angeles submarkets.”
Situated near the Brentwood Country Club and the popular Sunday Brentwood Farmers Market, 818 Gretna Green Way offers high-end residences averaging nearly 1,600 square feet. The property features in-unit washer/dryers, secure parking, and a walkable location near upscale retail and dining. Its Brentwood location also provides easy access to major job centers in West LA, Santa Monica, and Century City. making it suitable for professionals seeking a high quality of life with a short commute.
Boardwalk REIT is selling three Edmonton apartment communities for $106.5M, pushing its property dispositions this year to nearly $629M as the landlord increasingly finds value in selling older buildings rather than developing new ones. The transaction involves Northridge Estates, Parkview Estates and Riverview Plaza, which contain a combined 536 suites. Boardwalk disclosed the sale in...
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Marcus & Millichap completed the sale of Broadcast Apartments, a partially complete multifamily development project in D.C.’s Tenleytown neighborhood. The asset sold for $9.5 million. “This was a very complex, multidimensional transaction involving a receiver, a ground lease, a partially completed building and a host of other issues,” said Marty Zupancic, senior managing director of...
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Vancouver-based Trez Capital is teaming with Starwood Capital to expand its U.S. residential land lending business, with the partnership expected to launch with a US$450M loan portfolio and originate more than US$1B annually. Announced Tuesday, the agreement will focus on financing land acquisition and development for single-family communities across the United States. The initial portfolio...
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