The GPI Companies is expanding its multifamily portfolio with a $92.5 million Los Angeles, California acquisition of The Lofts at Noho Commons.
The property hosts 292 units, consisting of 41 bedroom units, 237 lofts, and 14 live/work lofts. Some amenities at the site include a fitness center, kitchen with entertainment, social lounge, a pool, movie theater, co-working spaces, and a courtyard.
The Lofts at Noho recently went under a $9 million renovation. This includes upgrades to EV charging spots, extensive murals, new signage, landscape, hardscape, and updating 85 percent of the interior market rate units.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
