Los Angeles

A major mixed-use development project is on the market for financiers. MacFarlane Partners is the developer in charge of Park Fifth, and is currently looking for a deal involving either a presale or joint venture opportunity for the project.

Three multifamily properties traded this week in Chula Vista, Bermuda Dunes, and Lake Elsinore for a total sales volume of $85 million. What ties them all together? The three deals were arranged by Managing Director Director Alex Mogharebi out of real estate company Berkadia’s Ontario, CA office.

Following the demise of the Community Redevelopment Agencies across California, a large amount of leftover real estate, the result of a variety of projects or zoning changes made during their activity, is now available.

The Bascom Group recently completed its 13th California acquisition, proving that you really can’t have too much of a good thing. The company paid $25.5 million for a garden-style residential asset in the city of Downey, known as The Square Apartments.

Barrister Executive Suites’ particular brand of business must be appealing to Silicon Beach. The company, credited as the originator of the executive suite concept, recently completed a leasing agreement for more space in Equity Office’s SeaRise Office Tower.

A Brentwood multifamily asset just broke the per-unit price record for an L.A.-area multifamily property not located near the ocean. Villa Montana is the property in question, a 20-unit residential community that traded for just over $20 million, or $1,002,500 per unit.

Yorba Linda just received an added dose of luxury as the city’s newest townhome community recently held a grand opening. Developer Brandywine Homes unveiled its latest completed residential project in Orange County, adding a 51-unit urban infill community in the proximity of the Richard Nixon Presidential Library and Museum.