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California  + Los Angeles  + Apartments  | 

Kidder Closes Hollywood Multifamily Sale Despite Softening Rental Trends

Kidder Mathews arranged the $7.6-million sale of The Carlton Apartments, a 36-unit property located at 5535 Carlton Way in Hollywood. EVP Darin Beebower and associate Dakoda Iversen represented Los Angeles-based James Investment Partners in the sale to a local real estate investor.

The property generated more than 25 offers from prospective buyers despite softening rental trends in parts of the Hollywood market, which have led many investors to more closely scrutinize underwriting assumptions and future rent growth projections.

“This transaction is a good example of the importance of persistence,” said Beebower. “We remained committed to the process, stayed engaged with the market and were ultimately able to identify the right buyer to help our client achieve a successful sale.”

Read More News Stories About: Kidder Mathews
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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
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