Lou Hirsh

<html><head></head><body><div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>Developer AvalonBay Communities has obtained $167 million in construction financing for a planned 475-unit mixed-use apartment project in the Arts District of <span class="Enhancement"><span class="Enhancement-item"><a class="Link
" href="https://product.costar.com/Market/#/search/detail/submarket/USA/type/1/property/11/geography/6870/slice/all">Los Angeles</a></span></span>, at a time when rents have been dropping in other parts of the city&#x2019;s downtown.</p></div></div></body></html>

Multifamily

AVA Arts District

Mixed-Use Arts District Project Planned in Pandemic Climate of Falling Rents

AvalonBay Obtains Financing for Apartments in Downtown LA Enclave

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The <b>CoStar Power Broker Awards</b> are based on transaction data included in CoStar’s commercial real estate database, the largest and most comprehensive database of commercial real estate information. The methodology used for all company and individual categories can be found <c>here</c>. A complete list of winners by market can be found <a>here</a>.

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This article was originally published on <a>Homes.com</a>.

<b>CoStar's Impact Awards</b> highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels of industry professionals who work in the markets they judge. Learn more about the awards <a>here</a>.

CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

The CoStar Power Broker Awards recognize the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction are singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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AvalonBay Obtains Financing for Apartments in Downtown LA Enclave

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