Glendale’s Multifamily Moment

San Fernando Valley Business Journal   |   Michael Aushenker

Posted In — News & Press | In the News

The pandemic has only exacerbated Glendale’s long-suffering office sector, but the multifamily market has provided several big-money deals in recent months.

Most notably, Next on Lex, a 494-unit multifamily property, sold last month for $290 million.

The site, which also includes roughly 8,000 square feet of ground-floor retail, was purchased by California Community Housing Agency from owner Cypress Equity Investments.

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