Multifamily

"Operational real estate is a few things. It's experiential, satisfaction of the end-user and, of course, stellar service."

Originally built in the early 1970s, 440 Washington Street was in financial and physical distress when New York City-based BRP joined with St. James A.M.E. Development Corp, the City of Newark and the state to stabilize the property and facilitate much-needed upgrades and repairs.

There have been year-over-year increases in 1031 exchanges throughout 2019 and that trend is expected to continue to tick upward in 2020, driven by an influx of investors seeking trade-up product.

A local investor has acquired a 28-unit apartment complex in Hollywood for $383,000 per unit.

The investor has obtained entitlements through the City of Los Angeles' Transit Oriented Communities ordinance for a six-story, 119-unit apartment building.

Surrey on Main is a mixed-use residential project located at 10777 Main St. which will include 113,700 square feet of residential space and 1,500 square feet of ground-level retail when completed in summer 2021.