Published 2 days ago

Institutional Property Advisors Brokers $92.5 Million Multifamily Sale in L.A.’s NoHo Arts District

Summary by Citybiz

LOS ANGELES–(BUSINESS WIRE)–Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of The Lofts at Noho Commons, a 292-unit multifamily property in the NoHo Arts District of Los Angeles, California. The asset traded for $92.5 million, or $316,781 per unit. “The property’s proximity to major employers including CBS Studio Center, Universal Studios, Walt Disney Studios, and Warner Bros. Studios…

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Institutional Property Advisors Brokers $92.5 Million Multifamily Sale in L.A.’s NoHo Arts District

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