California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Los Angeles  + Apartments  | 

Miracle Mile Multifamily Trades Big

A Miracle Mile multifamily complex was recently acquired by Mapletree Group, Singapore-based investors, for $41 million. Metlife sold the class A property, which is 89,600 square feet, with 60 units and located at 5659 W. Eighth St. Oakwood Worldwide will manage the building.

Last year Oakwood and Mapletree signed a joint-venture agreement that has the two acquiring properties in the United States and Asia. This is the endeavor’s first Los Angeles acquisition.

The fully occupied luxury apartment building will be redeveloped by the partners into corporate housing.


Inside The Story

Read More at Los Angeles Business Journal

About Connect CRE

  • ◦Sale/Acquisition
  • ◦Lease
New call-to-action
New call-to-action