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.”
PearlX, an energy infrastructure and capital partner to multifamily owners and developers, and Cal Solar Inc., California’s largest multifamily new construction solar financier, developer and design/builder, have partnered on a $4.5-million solar power and battery system for the first phase of a new 451-unit multifamily project currently under construction in Murrieta. In conjunction with Cal...
Learn moreGreystone has provided an $80,000,000 bridge loan to refinance Meridia Roselle Park 10, a multifamily property in the Union County community of Roselle Park, NJ. The financing was originated by Drew Fletcher and Miryam Reinitz-Kops of Greystone on behalf of Capodagli Property Company. The Greystone bridge loan includes a two-year term at a floating rate and has full-term interest-only. “It’s rewarding to support Capodagli’s...
Learn moreThe Procopio Companies said Amara, its newest mixed-use community in downtown Beverly, MA, has received its Certificate of Occupancy. Residents have officially begun moving in, and leasing is now underway. Located at the convergence of Cabot and Rantoul Streets, two of the North Shore’s most prominent main streets, Amara brings 60 market-rate, Class A studio,...
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