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Institutional Property Advisors , a division of Marcus & Millichap , announced today the $171.25 million sale of a two-property, 399-unit multifamily portfolio in Thousand Oaks, California. The...
Decron Properties has purchased Margo at The Society, a 240-unit luxury community in San Diego, for $125.5 million.
During the first half of the year multifamily properties in Southern California saw both vacancy and asking rents rise. Still, developers were active, with tens of thousands of units under construction in the region, according to a report from Northmarq. This Special Report talks to 12 multifamily experts, including both developers and brokers, about the state of L.A.’s multifamily market.
Privately-owned real estate firm Decron Properties has two new tenants at its Class A office building along Wilshire Boulevard in Los Angeles near Beverly Hills. The L.A.-based landlord secured the lease agreements at 6222 Wilshire Boulevard with the Federative Republic of Brazil for a new consulate space, and with Hanger Clinic, a leading provider of orthotic and prosthetic care. The nearly 87,000-square-foot building, now 92 percent leased, also serves as Decron’s corporate headquarters.
87,000 square feet at 6222 Wilshire Boulevard now 92% leased