Los Angeles

Although there continue to be challenges facing the multifamily market, investors are universally confident about the strength of the asset class.

Apartment rent growth in secondary metros has reinvigorated value-add investors.

King Street Capital Management, Alberta Investment Management Corp. and a sovereign wealth fund are working with East End Studios to acquire and develop class-A production studios.

Worthe Real Estate Group and Stockbridge will acquire the 32-acre Ranch Lot in Burbank with plans to invest $500 million to redevelop the site.

The class-A property is leased to Live Nation and the US Postal Service, the building's only two occupants.

Gino Sabatini of W. P. Carey talks about the state of the net lease investment market ahead of the GlobeSt.com Net Lease conference later this month.

The real estate firm signed a 32-acre ground lease with California State University Channel Islands for the development.

The fund will support the creation of 1,800 permanent supportive housing units for people experiencing homelessness in Los Angeles.