Los Angeles

A 14-unit apartment complex in Uptown Whittier with value-add opportunity has traded hands.

The architecture firm is working with the Rose Bowl Operating Co. to develop a plan to re-envision key parts of the Stadium.

Half of the lots have sold at Terramor and Deerlake Ranch, both located in Southern California.

Avanath Capital Management purchased Brooke Commons, a 288-unit mixed income community in Orlando, for $46.5 million. The firm also purchased Alexandria Station Apartments, a 290-unit affordable apartment community, for $52.675 million.

Philadelphia now joins San Francisco, New York City, Cleveland and Newark, NJ in the right to counsel movement. Similar legislation is advancing in Detroit, Los Angeles, Denver, and other cities across the country.

SB-196 provides a property tax exemption for community land trusts building affordable housing, and in some cases these projects could line-up with opportunity zone benefits.

Interest rates are falling, but the Fed's propensity to cut rates won't have much impact for non-bank lenders, according to Gary Bechtel of Money360.

Behr Paint, Modern Message & Show My Property were all invited recently by Passco Cos. to expand upon the importance of ensuring that a property is eye-catching and appealing to future/current residents.