Los Angeles

The developer of a 144-unit multifamily property has secured a loan to refinance an existing construction loan.

The transaction was reported by NKF Multifamily Capital Markets, which stated it brokered the $43.6-million sale and $34.8-million Freddie Mac financing for repeat NKF/Freddie Mac sponsor, AndMark Investment Fund.

The company acquires five student-housing communities with three joint venture partners.

Through August, industrial investment activity is up 5.5% in the L.A./OC/Inland Empire region.

Plans call for the closure of 178 stores in the US and as many as 350 globally.

The initial focus will be to integrate CareMore's clinical programs and onsite care models at Welltower communities in Los Angeles and Orange County in collaboration with operating partners Belmont Village and SRG Senior Living.

The flexible office space market in the Windy City grew by 958,000-square feet between mid-year 2018 to the end of June 2019.

Investors who haven't increased rents are now looking to implement the annual maximum 5% increase allowed by the law.