Cohen & Associates and Highroad Realty & Management Make Rare Buy of Westwood Apartment Building

Posted on Dec 10, 2013 in News & Events
Cohen & Associates and Highroad Realty & Management Make Rare Buy of Westwood Apartment Building

LOS ANGELES — Cohen & Associates and Highroad Realty & Management have teamed up to acquire a 60-unit apartment building at 886 Hilgard Avenue in West Los Angeles for $21.5 million. Tony Azzi and George Azzi of Marcus & Millichap represented the buyer and seller. The property is located at the corner of Hilgard and […]

A Rental Renaissance? (Bisnow)

Posted on Dec 4, 2013 in News & Events
A Rental Renaissance? (Bisnow)

The owners of a broken Downtown condo project are turning it into rental after snagging a five-year refi deal. LA-based Cohen & Associates CEO Gidi Cohen convinced Prudential Mortgage to take a chance on a $10M refi loan for the multifamily portion of Renaissance Walk, a 140-unit former condo project in Historic Auburn Ave District. […]

Cohen & Associates Refinances the Renaissance Walk Apartments in Downtown Atlanta with new $10 million permanent loan

Posted on Nov 22, 2013 in News & Events
Cohen & Associates Refinances the Renaissance Walk Apartments in Downtown Atlanta with new $10 million permanent loan

Los Angeles and Atlanta – Cohen & Associates, a Los Angeles-based real estate investment firm, has refinanced the multifamily portion of a six-year-old, mixed used development in Downtown Atlanta’s Historic Auburn Avenue District with a $10 million loan from Prudential Mortgage. Located at 171 Auburn Avenue NE and spanning an entire city block, the five-story […]

Real Estate Development Market Reminiscent of Early 2000’s

Posted on Jul 17, 2013 in News & Events
Real Estate Development Market Reminiscent of Early 2000’s

As the economy continues to improve, so too does the national housing market. New housing starts are up dramatically from the record lows set in 2011. According to Commerce Department statistics, there are more residential units, primarily apartments, being built than at any time in the past five years. Further testimony to the demand, we […]

Homebuilder Confidence in U.S. Increases More Than Forecast

Posted on Jul 16, 2013 in News & Events
Homebuilder Confidence in U.S. Increases More Than Forecast

Homebuilder confidence in the U.S. rose more than forecast in July to the highest since January 2006 as companies grew more upbeat about sales prospects. The National Association of Home Builders/Wells Fargo index of builder sentiment climbed to 57 this month from a revised 51 in June, the Washington-based group reported today. The reading surpassed […]

Builders say housing is back

Posted on Jun 17, 2013 in News & Events
Builders say housing is back

Is the housing recovery for real? It looks that way, as a key measure of home builder confidence crossed a major threshold Monday. The National Association of Home Builders’ index hit 52 in June, marking the first time it has been above 50 in seven years. A reading above 50 indicates that more builders say […]

Zoning Code Rewrite Has Major Downtown Implications

Posted on Jun 17, 2013 in News & Events
Zoning Code Rewrite Has Major Downtown Implications

DOWNTOWN LOS ANGELES – From parks and schools to apartment buildings and office high-rises, two documents — the city Zoning Code and neighborhood-specific Community Plans — regulate every detail of what can and cannot be built in the city. The problem is, both rulebooks are badly outdated. Now, those two guides for growth are about […]

Housing Packs Punch for U.S. Growth in 2013 and Beyond

Posted on Feb 4, 2013 in News & Events
Housing Packs Punch for U.S. Growth in 2013 and Beyond

The housing rebound is broadening to other parts of the U.S. economy and will likely lend impetus to growth through 2013 and beyond. Climbing home prices are lifting household wealth and boosting the purchasing power of consumers. Declining mortgage delinquencies and foreclosures are buttressing bank balance sheets, giving them greater leeway to lend. And rising […]

MBA: Multifamily originations grew 49% in 4Q

Posted on Feb 4, 2013 in News & Events
MBA: Multifamily originations grew 49% in 4Q

Multifamily mortgage originations grew 49% over last year during the fourth quarter as commercial originations overall soared above 2011 levels, the Mortgage Bankers Association said in a new report Monday. The jump in originations occurred as low interest rates prompted more borrowers to finance multifamily properties and as strength in the commercial and multifamily mortgage […]

More Money Available for Construction

Posted on Dec 14, 2012 in News & Events
More Money Available for Construction

Construction cranes are rising again over sites in the nation’s top cities in part because lenders are again providing capital to financing development—especially for apartments. For example, construction began Dec. 4 on the first high-rise tower at Hudson Yards, a $15 billion redevelopment of 26-acres of rail yards on the West Side of Manhattan. Hudson […]