Legacy Partners, a privately held national real estate firm, partnered with DWS Group, a leading global asset manager, to announce the start of construction for Soto, a 200-unit apartment community in Torrance. It represents the fourth project on which Legacy and DWS have teamed.
Located at 3863 Carson St. adjacent to Del Amo Fashion Center, the five-story community’s exterior design was inspired by the classic mid-century office buildings that are part of the surrounding mixed-use campus. Construction is anticipated to be completed in summer 2027, with Westport Construction serving as the general contractor.
“Soto’s elevated design showcases the quintessential Southern California lifestyle and offers residents views of the Pacific Ocean and proximity to the best beaches in the South Bay,” said Tim O’Brien, senior managing director for Southern California and the Southwest region at Legacy. “Soto will also sit adjacent to restaurants and retail amenities, including the newly renovated Del Amo Fashion Center, which attracts 20 million visitors per year.”
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
Learn more
Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
Learn more
Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California