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Newmark Realty Capital Secures $21.7MM In Financing For Union Bay Apartments In Seattle

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 [...]

2022-04-02T21:02:09+00:00April 1st, 2019|

Champion Real Estate adds to its Glendale apartment portfolio

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 [...]

2022-04-02T21:13:46+00:00September 29th, 2018|

Buy Student Housing for Downside Protection

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 [...]

2022-04-02T21:20:00+00:00September 13th, 2018|

Champion Real Estate Co. Sells Grand & Alosta Center in LA County for $34M

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 [...]

2022-04-02T21:25:31+00:00June 30th, 2018|

Champion Completes $33.6m Deal For Two Value-Add Acquisitions In Glendale

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. [...]

2022-04-02T21:48:23+00:00February 7th, 2018|

Developer of Hollywood tower volunteers to place new apartments under rent control

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 [...]

2022-04-02T21:54:16+00:00November 20th, 2017|
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