Home Real Estate LA Real Estate Firms Are Making Deals Outside California

LA Real Estate Firms Are Making Deals Outside California

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CGI sold the Astoria at Celebration for $74.5 million.

Los Angeles real estate companies are turning their attention to farther flung markets and closing deals outside California, from Provo, Utah to Orlando, Fla.

Over the past few weeks, two Westside firms have made significant acquisitions.

Santa Monica-based MJW Investments purchased a student housing community at Brigham Young University in Utah. The price was not disclosed.

MJW acquired the 154-unit, 924-bed community in partnership with Provo, Utah-based Redstone Residential Inc.

With the acquisition, MJW now has more than 7,000 student housing beds across the United States.

Amenities at the property near BYU include a hot tub, sand volleyball court, pool and on-site laundry.

It is MJW’s sixth acquisition in…

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