Property

Chatsworth Residential Property Trades for $107M

A 280-unit luxurious multifamily group situated within the foothills of the Santa Susana Mountains in Chatsworth offered for $107 million. Institutional Property Advisors, a subsidiary of Calabasas-based main business actual property brokerage agency Marcus & Millichap, closed the deal on the asset, which is named Summerset Village. “Effectively maintained by an institutional proprietor for over … [Read more…]

Senior-Care Property Will get Bridge Mortgage

Jones Lang LaSalle Inc. Capital Markets sourced and organized $43.2 million in financial institution bridge financing for Varenita of Westlake, an 86-unit assisted-living and memory-care neighborhood situated in Westlake Village. JLL represented the borrower, Westlake Senior Residing Heart LLC, to safe the five-year mortgage from a West Coast regional financial institution. The financing was wanted … [Read more…]