Lendlease and joint venture partner Aware Super announced the opening of Habitat in Los Angeles along with welcoming the building’s first residents. The two-building live-work-thrive campus features luxury apartments, creative offices and restaurant-ready retail space.
The 12-story residential building, Habitat Residences, is located at 3411 S. La Cienega Blvd., where Culver City meets Los Angeles. The 260-unit community features studio, one- and two-bedroom apartments, in addition to penthouses on the top two floors.
Immediately adjacent to Habitat Residences is the six-story, 260,000-square-foot creative office building, which also includes 2,900 square feet of ground-floor retail space. CBRE is handling leasing.
“Connecting residents to the Southern California landscape was a priority at every touchpoint across Habitat, from the full-height windows and private terraces in both the residential and office buildings to the acre of open space that anchors the community,” said Ryan Burton, director of development, SVP, Lendlease.
On May 28, Connect Los Angeles brings together 600+ high-level owners, investors, developers, brokers, and lenders shaping the region’s market for a full day of insights and networking. Be in the room with decision-makers driving deals across LA, SoCal and the nation—register now: www.connectLA26.com
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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