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champion real estate
Jan
24
Northridge Multifamily Complex Acquired for $14.9 Million
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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 property is located at 17806 Lassen St. and features six one-bedroom/one-bathroom units and 36 two-bedroom/two-bathroom units.

Renovations, which will begin immediately, include new countertops, flooring, cabinets, stainless steel appliances and washer and dryers.

The company will also make improvements the courtyard pool deck area as central amenity space.

In addition to these cosmetic improvements, Champion will undertake large-scale infrastructure repairs to the plumbing and electrical systems, plus roof replacement. The company added that it intends to hold onto and manage the property.

“Champion was attracted to this community because of its proximity to California State University – Northridge, which has the largest undergraduate population of the 23-campus Cal State University System,” said Champion Real Estate Company Senior Vice President Garrett Champion. “CSUN has transformed from a commuter school to a traditional university with students seeking a correlative lifestyle reflecting that change, which includes campus-adjacent housing.”

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usc student housing
Nov
06
All Eyes Will Be On Culver City When Google, Amazon, Apple And Others Move In
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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. He said currently the city is only producing 22,000 units of the 180,000 units needed annually to meet the minimum demand…. “It’s not an affordability problem,” Champion said. “It’s a supply problem. The lack of supply is pushing up the cost of housing in areas that are most desirous to live.”

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USC Student Housing
Nov
06
Supertoro, HiroNori Craft Ramen Headed for Brick Works in LA
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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. Sunset Boulevard, Brick Works is a new adaptive reuse development, comprised of several transformed mid-century buildings with more than 15,000 square feet of retail and restaurant space.

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Apr
01
Newmark Realty Capital Secures $21.7MM In Financing For Union Bay Apartments In Seattle
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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 with forecasted continued asset appreciation.

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Mar
24
USC Sol Price School of Public Policy Celebrates its 90th Anniversary
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In 2019, the USC Sol Price School of Public Policy celebrates its 90th anniversary. This momentous occasion represents a major milestone in the history of the School. At an awards dinner earlier this week, Bob Champion was recognized as a Price Pioneer in Real Estate development. A video showing those recognized can be found here.

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Sep
29
Champion Real Estate adds to its Glendale apartment portfolio
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The firm paid $14M for 2 properties; with improvements planned

By Greg Cornfield | September 24, 2018 03:00PM

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 community at 348 W. Chevy Chase Drive, and a 26-unit community at 1119-1123 E. Elk Ave. Champion will begin a $2.6-million renovation for both the interior and exterior. The plan includes retrofitting both properties and addressing deferred maintenance issues, Champion explained in a release.

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Sep
13
Buy Student Housing for Downside Protection
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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 at 04:00 AM

Student housing is having a moment. A tight supply of student housing is putting upward pressure on rents—even more so than the tremendous rent growth in multifamily. But, the strong rent growth isn’t the only reason to buy student housing. The apartment niche is also more resilient in a downturn than multifamily, and as we get later in the cycle, downside protection is attractive to investors. Champion Real Estate Co. is actively investing in student housing assets near USC, and is very bullish on the sector.

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Jun
30
Champion Real Estate Co. Sells Grand & Alosta Center in LA County for $34M
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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 of Grand and Alosta Avenue along Historic Route 66. The property is co-anchored by Sprouts and Marshalls and is 100 percent leased, according to a release from Champion Real Estate.

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ABOUT US
Champion specializes in value-add investing and development in “A” locations in urban-infill areas. The current investment portfolio includes properties in California, Seattle, and Nashville, and Champion is actively underwriting new investments in top 50 metro areas across the country.
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  • 11620 Wilshire Boulevard
    Suite 1150
    Los Angeles, CA 90025
  • (310) 312-8020
  • info@championrealestatecompany.com
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