{"id":379329,"date":"2020-11-12T06:38:26","date_gmt":"2020-11-12T11:38:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379329"},"modified":"2020-11-12T06:38:26","modified_gmt":"2020-11-12T11:38:26","slug":"multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\/","title":{"rendered":"Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; Dunlop"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BETHESDA, Md.<\/span>, <span class=\"xn-chron\">Nov. 12, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2977950-1&amp;h=954160502&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2F&amp;a=Walker+%26+Dunlop%2C+Inc.\" rel=\"nofollow noopener noreferrer\">Walker &amp; Dunlop, Inc.<\/a>\u00a0announced today that it completed the sale of <b>Argyle &amp; Harvard Apartments<\/b>, a two-property, 98-unit value-add portfolio. Situated in the <span class=\"xn-location\">Hollywood<\/span> submarket of <span class=\"xn-location\">Los Angeles<\/span>, California,\u00a0the unofficial global headquarters for the entertainment and media industry, the multifamily communities\u00a0offer immediate access to <span class=\"xn-location\">Hollywood&#8217;s<\/span> expanding corporate footprint\u00a0and growing job base.\u00a0It is estimated that over 566,000 jobs exist throughout neighboring submarkets, which include notable employers such as Netflix, HBO, ViacomCBS, and Showtime, as well as rapidly growing digital media\u00a0startups.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder6745\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1331918\/Walker_Dunlop_Inc_Argyle_and_Harvard_Apartments.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1331918\/Walker_Dunlop_Inc_Argyle_and_Harvard_Apartments.jpg\" title=\"\" alt=\"\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder3665\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1331920\/Walker_Dunlop_Inc_Argyle_and_Harvard_Apartments_Sidewalks.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1331920\/Walker_Dunlop_Inc_Argyle_and_Harvard_Apartments_Sidewalks.jpg\" title=\"\" alt=\"\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Built in 1970 and 1955 respectively, Argyle &amp; Harvard Apartments presents new ownership with the opportunity to significantly increase rental income. Enhancing finishes in the 21 lightly-renovated units, as well as fully renovating the 77 units that are in original condition, could result in an almost 44 percent increase in rents. <\/p>\n<p>Walker &amp; Dunlop&#8217;s <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2977950-1&amp;h=1450229977&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2Fbios%2Fblake-rogers%2F&amp;a=Blake+Rogers\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Blake Rogers<\/span><\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2977950-1&amp;h=1463926197&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2Fbios%2Falexandra-caniglia%2F&amp;a=Alexandra+Caniglia\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Alexandra Caniglia<\/span><\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2977950-1&amp;h=668206476&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2Fbios%2Fhunter-combs%2F&amp;a=Hunter+Combs\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Hunter Combs<\/span><\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2977950-1&amp;h=828943902&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2Fbios%2Fjavier-rivera%2F&amp;a=Javier+Rivera\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Javier Rivera<\/span><\/a>, and <span class=\"xn-person\">Kevin Sheehan<\/span> represented the seller and facilitated the sale of the portfolio. <\/p>\n<p>The transaction is one of just seven multifamily property sales with 50+ units in the <span class=\"xn-location\">City of Los Angeles<\/span> since the Covid-19 pandemic started; this represents more than a 50 percent decrease in transaction volume compared to the past several years<sup>1<\/sup>. <\/p>\n<p>The Southern California Walker &amp; Dunlop team has closed more than <span class=\"xn-money\">$325,000,000<\/span> in multifamily sales transactions over the past 30 days. Nationally, the Walker &amp; Dunlop investment sales platform has also achieved dramatic growth with over <span class=\"xn-money\">$4 billion<\/span> in sales volume completed through 3Q 2020 in the face of the pandemic. Walker &amp; Dunlop is a top-ranked commercial real estate finance company; in 2019, the firm completed <span class=\"xn-money\">$32.0 billion<\/span> in total transaction volume, and was ranked the #1 Fannie Mae DUS<sup>\u00ae<\/sup> multifamily lender and the #3 Freddie Mac Optigo<sup>\u00ae<\/sup> lender by volume. <\/p>\n<p>For information about Walker &amp; Dunlop&#8217;s view on the apartment market, including expert perspectives on markets, leadership, and the road ahead, visit our <i><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2977950-1&amp;h=1788659510&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2964723-1%26h%3D913949859%26u%3Dhttps%253A%252F%252Fengage.walkerdunlop.com%252Finsight%252Fwalker-webcasts%253Ftoken%253D74640d3b91%26a%3DDriven%2Bby%2BInsight%25C2%25A0information%2Bcenter&amp;a=Driven+by+Insight%C2%A0information+center\" rel=\"nofollow noopener noreferrer\">Driven by Insight\u00a0information center<\/a><\/i>.<\/p>\n<p>\n        <b>About Walker &amp; Dunlop<br \/><\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2977950-1&amp;h=2209899863&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2F&amp;a=Walker+%26+Dunlop\" rel=\"nofollow noopener noreferrer\">Walker &amp; Dunlop<\/a>\u00a0(NYSE: WD), headquartered in <span class=\"xn-location\">Bethesda, Maryland<\/span>, is one of the largest commercial real estate finance companies in <span class=\"xn-location\">the United States<\/span>. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties. Walker &amp; Dunlop is included on the S&amp;P SmallCap 600 Index and was ranked as one of <i>FORTUNE<\/i> Magazine&#8217;s Fastest Growing Companies in 2014, 2017, and 2018. Walker &amp; Dunlop&#8217;s 900+ professionals in 40 offices across the nation have an unyielding commitment to client satisfaction.<\/p>\n<p>\n        <sup>1<\/sup>CoStar<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH87781&amp;sd=2020-11-12\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker--dunlop-301171448.html\">http:\/\/www.prnewswire.com\/news-releases\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker&#8211;dunlop-301171448.html<\/a><\/p>\n<p>SOURCE  Walker &amp; Dunlop, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH87781&amp;Transmission_Id=202011120635PR_NEWS_USPR_____PH87781&amp;DateId=20201112\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BETHESDA, Md., Nov. 12, 2020 \/PRNewswire\/ &#8212;\u00a0Walker &amp; Dunlop, Inc.\u00a0announced today that it completed the sale of Argyle &amp; Harvard Apartments, a two-property, 98-unit value-add portfolio. Situated in the Hollywood submarket of Los Angeles, California,\u00a0the unofficial global headquarters for the entertainment and media industry, the multifamily communities\u00a0offer immediate access to Hollywood&#8217;s expanding corporate footprint\u00a0and growing job base.\u00a0It is estimated that over 566,000 jobs exist throughout neighboring submarkets, which include notable employers such as Netflix, HBO, ViacomCBS, and Showtime, as well as rapidly growing digital media\u00a0startups. Built in 1970 and 1955 respectively, Argyle &amp; Harvard Apartments presents new ownership with the opportunity to significantly increase rental income. Enhancing finishes in the 21 lightly-renovated units, as well as fully renovating &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; Dunlop&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379329","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; Dunlop - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; Dunlop - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BETHESDA, Md., Nov. 12, 2020 \/PRNewswire\/ &#8212;\u00a0Walker &amp; Dunlop, Inc.\u00a0announced today that it completed the sale of Argyle &amp; Harvard Apartments, a two-property, 98-unit value-add portfolio. Situated in the Hollywood submarket of Los Angeles, California,\u00a0the unofficial global headquarters for the entertainment and media industry, the multifamily communities\u00a0offer immediate access to Hollywood&#8217;s expanding corporate footprint\u00a0and growing job base.\u00a0It is estimated that over 566,000 jobs exist throughout neighboring submarkets, which include notable employers such as Netflix, HBO, ViacomCBS, and Showtime, as well as rapidly growing digital media\u00a0startups. Built in 1970 and 1955 respectively, Argyle &amp; Harvard Apartments presents new ownership with the opportunity to significantly increase rental income. Enhancing finishes in the 21 lightly-renovated units, as well as fully renovating &hellip; Continue reading &quot;Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; Dunlop&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-12T11:38:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1331918\/Walker_Dunlop_Inc_Argyle_and_Harvard_Apartments.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; 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Dunlop - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\/","og_locale":"en_US","og_type":"article","og_title":"Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; Dunlop - Market Newsdesk","og_description":"PR Newswire BETHESDA, Md., Nov. 12, 2020 \/PRNewswire\/ &#8212;\u00a0Walker &amp; Dunlop, Inc.\u00a0announced today that it completed the sale of Argyle &amp; Harvard Apartments, a two-property, 98-unit value-add portfolio. Situated in the Hollywood submarket of Los Angeles, California,\u00a0the unofficial global headquarters for the entertainment and media industry, the multifamily communities\u00a0offer immediate access to Hollywood&#8217;s expanding corporate footprint\u00a0and growing job base.\u00a0It is estimated that over 566,000 jobs exist throughout neighboring submarkets, which include notable employers such as Netflix, HBO, ViacomCBS, and Showtime, as well as rapidly growing digital media\u00a0startups. Built in 1970 and 1955 respectively, Argyle &amp; Harvard Apartments presents new ownership with the opportunity to significantly increase rental income. Enhancing finishes in the 21 lightly-renovated units, as well as fully renovating &hellip; Continue reading \"Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; Dunlop\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-12T11:38:26+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1331918\/Walker_Dunlop_Inc_Argyle_and_Harvard_Apartments.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/multifamily-portfolio-in-hollywood-los-angeles-trades-hands-sale-facilitated-by-walker-dunlop\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker &amp; 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