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LOS ANGELES—Through its two investment funds, Los Angeles-based JRK Investors acquires six multifamily properties in markets throughout the country so far this year, and plans to spend $1 billion before the year's end.
LOS ANGELES—Private investor Kambiz Hakim acquires the 48-unit complex in the Hollywood Hills for the value-add opportunity, GlobeSt.com reports <b>EXCLUSIVELY</b>.
LOS ANGELES—A local investor buys a 36-unit, 90%-occupied apartment complex with plans to reposition the property into a mixed-use complex, in a transaction that closed in 17 days.
PHOENIX—NorthMarq Capital's Phoenix office secured $22.8 million in acquisition financing for Ocotillo Springs, a class A, 272-unit multifamily property located at 825 W. Queen Creek Road in Chandler.
NEW YORK CITY—Currently a portfolio company of DRA Advisors, Capital Automotive was co-founded as a REIT by David S. Kay, now president of American Realty Capital Properties.
MANCHESTER, UK—Kennedy Wilson now has more than 3,000 units in various stages of entitlement and development worldwide, and has completed a project and the Rock, a mixed use in Bury.