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Completion Reached on $21M Housing Complex

LOS ANGELES-The low-income Mosaic development replaces a ‘non-historic’ building in the Pico Union submarket.

By Morris Newman | Updated on November 28, 2011

LOS ANGELES-AMCAL Multi-Housing Inc. has completed construction on a 56-unit, $21 million mixed-use Mosaic Apartments in the Pico Union area of Los Angeles. The new affordable housing complex is designed to Silver LEED standards. The design by Killefer Flammang Architects is intended to complement historic architecture in the surrounding neighborhood, including homes in the Craftsman, Queen Anne and American Foursquare styles.

PANORAMA CITY, CA-AEW Capital Management paid an undisclosed sum for a 110,000-square-foot industrial building. Chris Jackson and Todd Lorber of NAI Capital’s Santa Clarita, CA office represented both the buyer and the seller, Titan Pacific LLC.

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