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MacFarlane Fattens Up in California, DC

SAN FRANCISCO-The locally based manager of $11.7 billion in real estate investments expands operations in California and Washington, DC.

By Brian K. Miller | Updated on October 17, 2006

(To read more on the multifamily market, click here.)

SAN FRANCISCO-MacFarlane Partners is in expansion mode. The locally based real estate investment manager with $11.7 billion under management has added a managing partner in its new Los Angeles-area office and its DC office, which opened this past summer, has a new principal. Earlier this year, MacFarlane expanded its headquarters leasehold at 201 Spear St. from 13,000 sf to 35,000 sf.

The new Los Angeles managing partner is Peter Houghton, most recently with Canyon-Johnson Urban Funds. As managing director of the new office, Houghton is responsible for MacFarlane’s urban investment activities in Southern California. The assignment includes sourcing, negotiating and closing prospective investments, as well as overseeing development projects during their construction and stabilization. The company’s ongoing projects in the region include two office-to-condo conversions (1100 Wilshire and Mercury) totaling 466 units and three apartment projects (Metropolitan Lofts, Hikari and Wilshire Vermont Station) totaling more than 800 units.

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