(Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles).
LOS ANGELES-University Gateway Owner LLC has placed its 1,656-bed University Gateway mixed-use student housing and retail project adjacent to USC up for sale and has named HFF to market the property. The owner is a joint venture of Los Angeles-based Urban Partners, Real Estate Capital Partners, Blackstone Real Estate Advisors and RCG Longview Equity Fund.
Completed in 2010, University Gateway comprises 421 units that are 82% pre-leased for the 2011-2012 school year. The eight-story building includes 79,209 square feet of ground floor retail space that is 98% leased to tenants including CVS, Chase Bank and a national grocer. The property has 770 on-site parking spaces and 440 additional exclusive spaces located off-site. The property is at 3335 S. Figueroa St., across Jefferson Boulevard from USC’s main campus.
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