News

Top stories and aggregated facts on Multifamily Real Estate, curated for Investors and Business Partners.

Condemned apartment complex in Celebration fetches $43M

Condemned apartment complex in Celebration fetches $43M

A Woodland Hills, California-based investment firm just paid $43 million for the Sola at Celebration apartments — a condemned multifamily community at the center of litigation between developer Hines and its previous owner Southstar Capital Group. With 306 units,...

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February Events at Villa Carlotta

February Events at Villa Carlotta

Get ready for nights you won’t remember and memories you won’t forget. As Los Angeles sets up for the 2019 Awards season, Villa Carlotta is planning sought after social events that you don’t want to miss. Valentine’s Day February 14 Let’s break up the monotony, shall...

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LA: Land of Opportunity

LA: Land of Opportunity

We mentioned it in January and this month we want to take you a little deeper. The Opportunity Zone Program is the new economic tax incentive program that, in short, offers tax breaks and other incentives to developers with projects aimed at improving low-income...

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Oscar Viewing Parties You Can’t Miss

Oscar Viewing Parties You Can’t Miss

Vanity Fair Oscar Party Cost: $40,000 USD per person This legendary party brings together guests from the worlds of film, music, business, tech, politics, sports, and more, not to mention the evening’s big winners. The New York Times calls it the party that “for two...

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Project Update: La Brea

Project Update: La Brea

As the future Wilshire/La Brea Metro station gains waves of press for everything from tunneling progress to the discovery of Miocene Era whale bones, the excitement (and mystery) surrounding this highly desired train stop is building. Adjacent to the metro, the...

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New Project: Los Feliz

New Project: Los Feliz

Two blocks west of Hillhurst Blvd shops and dining and just up the road from our famed Villa Carlotta sits a quiet 78-unit apartment complex. In December 2018, we officially acquired this sought-after property. With boundless potential, our newest multifamily project...

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Project Update: Fedora

Project Update: Fedora

  Located west of Downtown L.A. and south of Hollywood, Koreatown (K-Town) is one of the most diverse neighborhoods in Los Angeles, according to the Los Angeles Times and Discover LA. Encompassing roughly 3 square miles, the area was once the epicenter of Golden...

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Project Update: Oakland

Project Update: Oakland

Oakland has recently seen California’s highest annual appreciation of home values and the biggest rent growth of the 50 largest U.S. cities. Despite its recent growth, Oakland real estate still trades at a significant discount to similar real estate in San Francisco,...

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Expert Opinion & 2019 Projection

Expert Opinion & 2019 Projection

Few of you may know that in 2017-2018 a new program was created through the passing of the Tax Cuts and Jobs Act for the purpose of driving economic development into underserved communities. The Opportunity Zones Program is good for everyone: developers and their...

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CGI’s Outstanding Press of 2018

CGI’s Outstanding Press of 2018

This year CGI was well-positioned to take Los Angeles and New York by storm. The Angeleno crowd fell in love with some of the newly opened assets, like The KODO and Villa Carlotta. Days after the openings, high profile media outlets were on our doorsteps with media...

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