The Lighthouse Group bought its second Hollywood apartment complex this year. The Pacific Palisades-based firm purchased the 218-unit property at 1714 North McCadden Place for $73.9 million, or $338,991 a unit, from an entity connected to New York Life Real Estate Investors, whose Erik Pentland signed the deed, property records show. The price is a 27 percent discount from the property’s previous trade. Lighthouse Group CEO Gary Leshgold confirmed the deal. New York Life declined to comment. Keybank provided a $52 million loan. Cushman & Wakefield brokered the deal. Leshgold rebranded the four-story apartment complex to Fusion Encore Hollywood. It […]
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