In Likely a Culver City Record, Black Equities Buys Multifamily Asset for $106M

AI Summary

Black Equities, an investment firm based in Beverly Hills, acquired a multifamily residential property in Culver City, California, for $106 million. This transaction is considered one of the largest multifamily deals in the history of the city.

Stanley Black’s Beverly Hills-based investment firm is closing on a nine-figure mixed-use acquisition in another small city a few miles away. Black Equities has paid $106 million for a 115-unit property in what is said to be perhaps the largest multifamily deal in the history of Culver City, Calif., which is one of Los Angeles […]