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California  + Los Angeles  + Apartments  | 
Newmark arranged the sale of Del Amo Village, a multifamily development site in Torrance, California

Newmark Arranges Sale of Torrance Development Site

Newmark completed the $18.3-million sale of Del Amo Village, a multifamily development site located in Torrance, within Los Angeles County’s South Bay submarket. Situated on 2.8 acres, Del Amo Village’s development plan includes entitlements for 200 market-rate units. 

Co-head, U.S. capital markets Kevin Shannon, executive managing director Ken White, senior managing directors Chris Benton and Michael Moore and managing director Anthony Muhlstein represented the sellers, PCCP, LaCaze, Muller Company and Bentall GreenOak. The buyer was Legacy Partners. 

“Del Amo Village presented investors with an extraordinary opportunity to execute a new development strategy in one of the South Bay’s most supply-constrained submarkets,” said Benton. “There has not been multifamily development of this scale and quality in the South Bay in the past 30 years, and with current demand for housing in Southern California, Del Amo Village received high investor interest.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Development
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