(Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles).

HOLLYWOOD-A joint venture of Legacy Partners and AIG Global Real Estate has refinanced the 183-unit 7950 W. Sunset Blvd. apartment complex with a $42.7 million loan arranged by CB Richard Ellis Capital Markets Group. CBRE executive vice president Brian Eisendrath says that the lender was a life insurance company that underwrote the financing based upon "trending rent growth and positive market fundamentals."

The result was a loan delivering maximum proceeds at a 7% debt yield, delivering an additional $2 million dollars compared to the competition, he said. In addition to Eisendrath, the CBRE Capital Markets Group team that arranged the financing included senior vice president Brian Halpern, associate Justin Arquilla and analyst Brandon Winter.