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 [...]
Champion Real Estate Company (“Champion”) recently completed the acquisition of two multifamily buildings for $33.6 million in the city of Glendale, California, which buildings are owned by a subsidiary of Champion, Champion Glendale Property, LLC. This purchase is an off-market acquisition that was negotiated simultaneously for the two buildings, totaling 104 market rate apartment units. [...]
The developers of a 20-story apartment tower planned for near Capitol Records in Hollywood announced today that they would voluntarily make all of their units rent-controlled. Subjecting the approximately 210 new apartments to the city’s rent control stabilization ordinance will cap rent increases at 3 percent per year. The ordinance applies to housing built prior [...]
Millennium Biltmore Hotel, Los Angeles, CA | July 20th, 2017, 9.00am – 9.40am LA Multifamily Executive Roundtable • Bob Champion, CEO, Champion Real Estate Company • David Nagel, CEO, Decron Properties • Ken Kahan, CEO, California LandMark • Kevin Farrell, COO, Century West Partners Moderator: Curtis Palmer, ARA Newmark