---
title: "In Likely a Culver City Record, Black Equities Buys Multifamily Asset for $106M"
url: https://burnaze.com/article/e57c38ca-1761-48c7-8940-eda410f7f051
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/07/culver-city-califonria-multifamily-housing-black-equities-greystar/
author: "Gregory Cornfield"
category: "Real Estate"
published: 2026-07-10T19:10:31.000Z
modified: 2026-10-31T13:18:11.819Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/07/GettyImages-2260830102.jpg?quality=80
---

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

**TL;DR:** Black Equities, an investment firm founded by Stanley Black, has acquired a 115-unit multifamily property in Culver City, CA for $106 million. The property, called Access Culver City, includes 31,000 square feet of fully leased ground-floor retail.

*By Gregory Cornfield, originally published in Commercial Observer on 2026-07-10. [Read the original](https://commercialobserver.com/2026/07/culver-city-califonria-multifamily-housing-black-equities-greystar/).*

## Story

**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 County’s priciest rental markets.

**Greystar** sold the decade-old property called **Access Culver City** — which includes 31,000 square feet of fully leased ground-floor retail — at **8770 Washington Boulevard.**

Approximately $81 million of the purchase price was allocated to the residential component and $25 million to the retail space, according to **Sandy Albert**, managing partner at investment and development firm **CityPads**. The deal is roughly equal to an incredible $704,000 per residential unit and $805 per square foot for the retail component.

The acquisition comes as Culver City has become one of Southern California’s hottest multifamily investment markets, fueled by media and technology employers and pro-development housing policies. The city has more than 4,500 housing units in the pipeline and has emerged as one of the few municipalities in L.A. County attracting multifamily investment.

**Newmark** represented Greystar on the sale. Neither the buyer nor the seller immediately returned requests for comment.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- real estate investment (topic)
- california market (topic)
- Newmark (company)
- Gregory Cornfield (person)
- Culver City (location)
- Greystar (company)
- Black Equities (investor)
- Stanley Black (person)
- Access Culver City (location)
- Sandy Albert (person)

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Originally reported by Gregory Cornfield, Commercial Observer (https://commercialobserver.com/2026/07/culver-city-califonria-multifamily-housing-black-equities-greystar/). Summarized by Burnaze (https://burnaze.com/article/e57c38ca-1761-48c7-8940-eda410f7f051).