By: Connect Media L.A.-based Champion Real Estate Company has acquired a 47-unit, potential 102-bed, student housing community located at 2353 Portland St. in Los Angeles from Century Park, LLC for $14.1 million. Champion will rename the property ‘Victory on Portland’. It is the third addition to the company’s student-housing portfolio near the University of [...]
Champion Real Estate Co. has acquired Valleywood Apartments, a 42-unit multifamily property in Northridge, for $14.9 million. The Brentwood company, which purchased the property from an undisclosed private owner, also announced plans for Valleywood Apartments LLC, a subsidiary of Champion, to invest $2.3 million into capital improvements. The complex was formerly called Willows Apartments. The [...]
CBRE announced that Supertoro and HiroNori Craft Ramen have signed leases at Brick Works, a retail collective in the Echo Park neighborhood of Los Angeles. Zachary Card, Erik Krasney and Jamie Rogers of CBRE represented the landlord, Champion Real Estate Company, in the lease agreement. Located in the heart of Echo Park at 1485-1501 W. [...]
Champion Real Estate Co. CEO Bob Champion said the state is seeing a housing shortfall of 3.5 million to 4 million units, a number that could grow to 6 million units by 2030. Champion estimates Los Angeles needs to manufacture 2 million units of housing in the next 10 years to keep up with demand. [...]
In January 2019, Champion SLU, LLC successfully completed the refinance of the Acquisition Bridge Loan with the Senior Refinance Loan. We are excited to own Union Bay Apartments over the long term. The property is a low leverage, Class A property in the core South Lake Union submarket with strong and growing annual cash distributions [...]
The USC Sol Price School of Public Policy returned to where it all began on Jan. 31, as hundreds of alumni, students, faculty, staff and friends gathered in the John Ferraro Council Chambers at Los Angeles City Hall to kick off celebrations for the school’s 90th anniversary. (See video.) Political leaders were also in [...]
Champion Real Estate Company is doubling up on its investment in Glendale multifamily projects this year. The company said it paid $14.12 million for two apartment properties in Glendale. This comes after the firm bought two other apartment complexes in Glendale for $33.6 million earlier this year. The most recent acquisition includes a 36-unit apartment [...]
Student housing is generally more resilient than multifamily in a downturn, and the current tight supply of student housing in Los Angeles is putting upward pressure on rents. By Kelsi Maree Borland | September 13, 2018 Student housing is having a moment. A tight supply of student housing is putting upward pressure on rents—even more [...]
An affiliate of Champion Real Estate Company has sold the redeveloped Grand & Alosta in Glendora to Clarion Partners. HFF, which represented the seller declined to provide a price, but a source with knowledge of the deal said it sold for $34.2 million. Clarion Partners acquired the 70,811-square-foot grocery-anchored retail center at the intersection [...]
Developer Secures Loan For New Multifamily Project Near USC By Karen Jordan, May 1, 2018 West Los Angeles-based Champion Real Estate Co. has secured a $28.5 million loan to purchase a nearly three-acre property to build a townhome project. The 75-year-old John Tracy Clinic, sold the property at 806 West Adams Blvd. to Champion Real [...]
