The City of Los Angeles’ public housing authority added another property to its portfolio with plans to offer affordable housing. The Housing Authority of the City of Los Angeles bought the 154-unit Emerald Apartments near the Fashion District for $49.7 million, Commercial Observer reported. The deal for the property at 215 West 14th Street works out to $322,665 per unit. Jade Enterprises developed the complex in 2023 and sold it to HACLA with the representation of JLL’s Blake Rogers. The housing authority acquired the property with funding from City National Bank and hopes to secure even more financing next year. […]
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