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Wednesday, December 31, 2014

Hotel Assets Favored By Asian Buyers

LOS ANGELES--XLD Group's recent purchase of the Los Angeles Airport Marriott is the latest hotel acquisition from Asian investors, which are actively seeking opportunities in Southern California, GlobeSt.com reports in this UPDATE to a previous story.



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Beacon: Economy Goes Out With a Bang

LOS ANGELES--The end-of-the-year report from Beacon Economics shows that the year, although it had a slow start, experienced great economic expansion and it will continue through 2015.



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Tuesday, December 30, 2014

Affordable Housing In High Demand

LOS ANGELES--The Killefer Flammang Architects-designed Janet L. Witkin Center opens its doors to fill the high demand for low-income and formerly homeless housing.



via Los Angeles http://www.globest.com/news/12_1016/losangeles/multifamily/Affordable-Housing-In-High-Demand-353921.html?CMP=OTC-RSS

Deluxe Media Leases Entire Hollywood Building

LOS ANGELES--The media company consolidates all of its Los Angeles post-production and editing offices into one 40,315-square-foot building in Hollywood.



via Los Angeles http://www.globest.com/news/12_1016/losangeles/office/Deluxe-Media-Leases-Entire-Hollywood-Building-353920.html?CMP=OTC-RSS

Getting in the Game With Crowdfunding

LOS ANGELES--GlobeSt.com speaks EXCLUSIVELY with CrowdStreet CEO Tore Steen about crowdfunding mistakes to avoid in 2015, where this sector is heading and some of the biggest drivers for this segment.



via Los Angeles http://www.globest.com/news/12_1016/losangeles/finance/Getting-in-the-Game-With-Crowdfunding-353900.html?CMP=OTC-RSS

Online Lending's 'Massive Growth Trajectory'

LOS ANGELES--Realty Mogul's CEO points to the IPO success of Lending Club as evidence of online lending's credibility, whether the borrowers are consumers or real estate investors



via Los Angeles http://www.globest.com/news/12_1016/national/finance/Online-Lendings-Massive-Growth-Trajectory-353872.html?CMP=OTC-RSS

Colony Acquires $1.5B Cobalt Capital Portfolio

LOS ANGELES--Colony buys the light industrial portfolio with cash and debt, leading analysts to predict a 10% ROE projection on the new assets that will add $0.25-$0.30 per share to current 2016 consensus.



via Los Angeles http://www.globest.com/news/12_1016/losangeles/economy/Colony-Acquires-15B-Cobalt-Capital-Portfolio-353870.html?CMP=OTC-RSS

Monday, December 29, 2014

Greenland's Metropolis Project Enters Phase II

LOS ANGELES--The Chinese developer chooses Douglas Elliman Development Marketing to market the second phase of the project, a $1 billion mixed-use property in Downtown Los Angeles.



via Los Angeles http://www.globest.com/news/12_1015/losangeles/development/Greenlands-Metropolis-Project-Enters-Phase-II-353869.html?CMP=OTC-RSS

Why CRE Needs the Millennial Generation

Young people help create jobs in tech, entertainment and lifestyle-oriented businesses, which helps Los Angeles' commercial real estate market to thrive, Charles Dunn's Walter Conn tells GlobeSt.com in this EXCLUSIVE story.



via Los Angeles http://www.globest.com/news/12_1015/losangeles/young_professionals/Why-CRE-Needs-the-Millennial-Generation-353866.html?CMP=OTC-RSS

Investors Headed Online for Funding Options

LOS ANGELES--AssetAvenue, an online funding platform, funds $13.3 million of loans in one week for private and institutional investors purchasing properties across asset classes.



via Los Angeles http://www.globest.com/news/12_1015/losangeles/finance/Investors-Headed-Online-for-Funding-Options-353833.html?CMP=OTC-RSS

Wednesday, December 24, 2014

Location Key For Office Investors

WOODLAND HILLS, CA--Peregrine Realty Partners spends $19 million on a high-identity multi-tenant office building, the final asset in the purchase of a three-property office portfolio.



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What Properties Will Lenders Favor in 2015?

LOS ANGELES--Lenders will finance every asset and asset class next year that has this particular characteristic, Malcolm Davies of George Smith Partners tells GlobeSt.com in this EXCLUSIVE roundup of predictions from the firm's principals.



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Office Users Flock to Playa Vista

PLAYA VISTA, CA--Clarion Partners completes i|o at Playa Vista, a creative office property formerly named Latitude 34, and signs a 49,000-square-foot lease with Group M.



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Tuesday, December 23, 2014

Airport Marriott Trades for $160M

LOS ANGELES--Chinese investor XLD Group buys the Los Angeles Airport Marriott Hotel from DiamondRock, who purchased the Torrance Marriott Hotel last year, and is expected to make $15 million in improvements.



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TruAmerica Multifamily Names New COO

LOS ANGELES--The multifamily investment firm promotes Lynn Owen to COO to oversee the company's $2.4 billion portfolio, and hires Tom Jackson as director of general contracting, Ryan Hall as asset manager and Jeffrey Price as acquisitions analyst.



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Colony Entities Sign Binding Merger Deal

LOS ANGELES--The combined company, to be led by Colony Capital's Thomas Barrack and Richard B. Saltzman, will unite the two entities' investment activity and resources under a single structure.



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Why CRE Must Oppose Prop 13 Changes

LOS ANGELES--In this EXCLUSIVE interview, NAIOP SoCal's legislative-affairs chairman Kevin Ivey shares with GlobeSt.com some of the reasons the industry needs to become energized and involved in stopping these changes.



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Downtown Industrial Tenants Migrate South

VERNON, CA--The Vernon submarket is experiencing record-low vacancy rates thanks to an influx of new tenants moving into the space, GlobeSt.com reports in this EXCLUSIVE story.



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Monday, December 22, 2014

Small Office Occupiers Want Full Services

LOS ANGELES--CBRE launches an integrated occupier advisory and transaction services platform to meet the needs of both large and small clients who want to maximize their real estate, GlobeSt.com reports in this EXCLUSIVE Q&A.



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Costco Buys 23 Acres for Retail Build

TORRANCE, CA--The wholesale retailer buys the rare land parcel from the Rockefeller Group with plans to build a 164,000-square-foot store in 2015.



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Friday, December 19, 2014

Investors Hurry to Break into Westside Office Sector

PLAYA VISTA, CA--DivcoWest forms a joint venture with Maguire Investments to own Water's Edge, a two-building class-A office property in Playa Vista, and plans to build a third building to take advantage of growing demand.



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South Hills Plaza Fetches $21M

LOS ANGELES--Hong Kong-based investor LT Global buys the 120,598-square-foot retail center, which is anchored by a Marukai Market and 24 Hour Fitness, at a 6.8% cap rate.



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Thursday, December 18, 2014

Caruso Affiliated Buys Palisades Village

PACIFIC PALISADES, CA--The mixed-use retail developer acquires the 49,000-square-foot retail center from a consortium of trustees and private individuals with plans to redevelop the property.



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The Shopping Center Group Heads West

LOS ANGELES--The largest retail real estate advisory firm on the East Coast opens its first West Coast office in Santa Barbara, and brings in Mike Hieshima and Philip Kyle to lead the new group.



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JBG, CBRE Form Venture to Buy DC Assets

WASHINGTON, DC--Los Angeles-based CBRE Global Investment Partners and the JBG Cos. of Chevy Chase, MD have formed a joint venture to acquire $500 million in office, retail and multifamily properties in the DC region.



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Tudor Plaza Trades Above Asking

LOS ANGELES--Despite a CMBS loan deficiency the sale of the 100% leased shopping center generated 10 offers, selling to a 1031 exchange buyer for $13.4 million, GlobeSt.com reports EXCLUSIVELY .



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Wednesday, December 17, 2014

$480M Hospital Build Delivers Months Early

LOS ANGELES--McCarthy Building Cos. completes the Lundquist Tower at Torrance Memorial four months ahead of schedule and $10 million under budget.



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Multifamily Development Essential in 2015

LOS ANGELES--The newest UCLA Anderson Economic Forecast shows that the both the national and California economies will remain stable through 2015 with declining unemployment and growing payrolls.



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Tuesday, December 16, 2014

Institutional Investors Eye Needs-Based Retail Assets

LOS ANGELES--Although multifamily and industrial have been the go-to investment class for institutional investors throughout the recovery, retail is the next hot item, American Realty Advisors' Chris Macke and Jay Butterfield say in this EXCLUSIVE interview.



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101K-S-F Industrial Facility Trades Hands

RANCHO DOMINGEUZ, CA--DCT Industrial Trust buys the 100% leased logistics facility for $12.3 million from CT Realty, which acquired the property in 2012.



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Multifamily Living Arrives in Bel Air

LOS ANGELES--Developer Empire Property Group brings the 23-unit Empire at Bellagio apartment complex to Bel Air, a city typically known for its larger single-family homes.



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Monday, December 15, 2014

Westside Mid-Rise Office Gets Creative Makeover

LOS ANGELES--Redevelopment and amenities--think parking--are key in West Los Angeles' booming creative office market, Lee & Associates' Aleks Trifunovic explains in this EXCLUSIVE story.



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CEG Plots Spec Industrial Build

LA VERNE, CA--The design, build and development company begins leasing efforts on the 83,000-square-foot, two-building industrial facility with delivery planned in early 2015.



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Friday, December 12, 2014

Historic Retail Complex Trades Hands

PASADENA, CA--An unnamed global investment firm buys the 85,743-square-foot retail property from a joint venture between Arenda Capital Management and equity partner AEW Capital Management.



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Apartment Build Lands $33M Loan

LOS ANGELES--Developer John A. Ashkar of BAJO Ventura secures the funds to build the Parkland Apartments, a 173-unit class-A multifamily complex.



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Thursday, December 11, 2014

Rexford Nabs $39M Industrial Portfolio

LOS ANGELES--The industrial REIT buys a five-property portfolio in Ventura County, bringing its year-to-date acquisition volume to $350 million.



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Gold Line Extension Nears Completion

LOS ANGELES--The extension of the Gold Line from Pasadena to Azusa enters the first testing phase, which marks the 10-month countdown until the project is open to the public.



via Los Angeles http://www.globest.com/news/12_1005/losangeles/development/Gold-Line-Extension-Nears-Completion-353403.html?CMP=OTC-RSS

Rising Realty Pioneers Digital Signage Technology

LOS ANGELES--The real estate investor partners with technology company Enplug to launch a new digital signage product specially designed for office buildings, GlobeSt.com reports EXCLUSIVELY .



via Los Angeles http://www.globest.com/news/12_1005/losangeles/office/Rising-Realty-Pioneers-Digital-Signage-Technology-353346.html?CMP=OTC-RSS

Wednesday, December 10, 2014

The Bloc Signs First Tenants

LOS ANGELES--The Ratkovich Co.'s retail development in Downtown Los Angeles announces its first tenant slate, which includes Macy's, WingTip and an unnamed retail gallery, GlobeSt.com reports EXCLUSIVELY .



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Gramercy Picks Up $400M Net Lease Portfolio

NEW YORK CITY--Totaling 2.67 million square feet, the DPF portfolio comprises office, industrial and data centers in the L.A. and Dallas metro areas and six other markets.



via Los Angeles http://ift.tt/1IB9GY6

CBRE Puts Emphasis on 'Advantage'

LOS ANGELES--In a new global branding campaign, CBRE explores its competitive "differentiators," and in the process underscores the importance of real estate for the competitive advantage of its clientele.



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Retail Undergoes Redevelopment Revolution

LOS ANGELES--Looking back at the retail market in 2014, Lee & Associates' Stephanie Skrbin talks EXCLUSIVELY about the trends in the Los Angeles market, and why retail is having its moment.



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Tuesday, December 9, 2014

Dick Lewis Passes Away at 89

LOS ANGELES--The 54-year industry veteran and founder of Lewis & Associates, who is known for pioneering integrated marketing communications, passes away after a short battle with cancer.



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G.H. Palmer Build Goes Up in Flames

LOS ANGELES--The Da Vinci Apartment complex, a 1-million-square-foot development on a city block in Downtown Los Angeles, catches fire, destroying much of the development and damaging nearby buildings, including the L.A. Department of Water and Power.



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CBRE Puts Emphasis on 'Advantage'

LOS ANGELES--In a new global branding campaign, CBRE explores its competitive "differentiators," and in the process underscores the importance of real estate for the competitive advantage of its clientele.



via Los Angeles http://ift.tt/1zJRq8R

Hermosa Beach Hotel Trades Hands

LOS ANGELES--Pacifica Hotels, one of the largest beachfront hotel owners, purchases the 80-room hotel from a private investor with plans to renovate the property.



via Los Angeles http://ift.tt/1zJRnd6

Monday, December 8, 2014

Sylmar Town Center Trades Hands

SYLMAR, CA--Primestor Development and Sarofim Realty Advisors acquired the 148,236-square-foot retail building for approximately $33 million from a partnership between ICO Real Estate Group, Cypress Equity and Robhana Group.



via Los Angeles http://ift.tt/15Zyvy2

Will Regulation Slow Crowdfunding's Progress?

LOS ANGELES--GlobeSt.com speaks with commercial real estate financing experts on both the crowdfunding and traditional sides of the fence who have varying opinions on how potential legislation will impact the field.



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Mason Devonshire Plaza Lands $24M

LOS ANGELES--Agora Realty & Management secures the funds for its 78,794-square-foot retail center, which is anchored by a Trader Joe's, to buy out its equity partner.



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Friday, December 5, 2014

Top CRE Leaders Ring in the Holidays

LOS ANGELES--Allen Matkins annual holiday party at the California Club in Downtown Los Angeles invites nearly 1,000 industry leaders to toast the holiday season.



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Multifamily Builds Still Coming to Downtown

LOS ANGELES--A Los Angeles-based developer secures a $41 million construction loan to building the Valencia, a 218-unit class-A apartment development.



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Thursday, December 4, 2014

CBRE Launches Occupier Services Platform

LOS ANGELES--The new platform will make the type of service CBRE has provided to Fortune 500 companies "equally available to a much broader group of occupier clients," says Whitley Collins, its Americas president.



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Historic Recreation Center Trades Hands

LOS ANGELES--Vista Investment Group buys the 50,000-square-foot mixed-use property from Sunset Holding Co. for $15 million in an off-market transaction.



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Online Holiday Sales Up 17%

LOS ANGELES--Industrial real estate is looking toward a bright future, with online sales way up the weekend after Thanksgiving, and Cyber Monday sales seeing a year-over-year increase of 8.5%.



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6-Property Portfolio Lands $17M Freddie Mac Loan

LOS ANGELES--Universe Holdings secures the fixed-rate loans, which garnered interest rates as low as 3.88%, to recapitalize its 118-unit multifamily portfolio.



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Wednesday, December 3, 2014

sbe Recapitalizes at a $350M Valuation

LOS ANGELES--The recapitalization includes a strategic investment partnership with Cain Hoy Enterprises and the partnership's launch of S Squared, a real estate equity joint venture.



via Los Angeles http://ift.tt/1ylHZOq

Rexford Adds Two More to Portfolio

LOS ANGELES--The industrial REIT purchases two industrial properties totaling more than 250,000 square feet for $30.8 million, bringing their year-to-date acquisition volume to $300 million.



via Los Angeles http://ift.tt/1yNmYeq

Tuesday, December 2, 2014

Retail Property Appreciates 25% in 3 Years

BALDWIN PARK, CA--Driven by the strong market fundamentals, Gershman Properties sells the 24,262-square-foot 13-tenant retail property after purchasing it three years ago.



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Regent Properties Raises $300M in Equity

LOS ANGELES--Exceeding its fundraising target by 50%, the real estate investor plans to use the funds to purchase value-add and opportunistic office properties ranging in value from $15 million to $75 million.



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Mission Oaks Corporate Center Fetches $54M

CAMARILLO, CA--A private investor snatches the two-building, 732,606-square-foot industrial campus from a joint venture between Rexford Industrial and Dune Real Estate Partners LP.



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Monday, December 1, 2014

Multifamily Positioned for a Strong 2015

LOS ANGELES--In this EXCLUSIVE interview, Lee & Associates' Jim Fisher talks about the leading multifamily trends this year, and what we can expect to see in 2015.



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Crowdfunding Can Speed Up Transactions

LOS ANGELES--GlobeSt.com speaks with a fresh crop of financing and crowdfunding experts about what to embrace and what to beware of regarding this method of fundraising in this UPDATE to an earlier story.



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US Bank Tower Lands LEED Cert.

LOS ANGELES--OUE Limited has earned a LEED-Gold certification for its 1.4-million-square-foot 75-story office tower in Downtown Los Angeles.



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Wednesday, November 26, 2014

UCLA Wins NAIOP Silver Shovel Award

LOS ANGELES--The five-member graduate student team imagines a mixed-use development on a 21-acre site to beat out USC for the prestigious award at the annual NAIOP SoCal Real Estate Challenge.



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Apartment Sales Could Edge Past '07 Totals

LOS ANGELES--Demand for apartments is still exceeding new supply, bringing the vacancy rate nationwide down 60 basis points below the long-term average, says CBRE.



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Oaktree and Intertex Buy Biomedical Portfolio

LOS ANGELES--The joint venture buys the Mann Biomedical Park and Sylmar Biomedical Park, a two-property portfolio, from an entity affiliated with Alfred Mann.



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Tuesday, November 25, 2014

UCLA Completes $115M Wasserman Building

LOS ANGELES--PCL Construction and Morley Builders complete tenant improvements on the Edie and Lew Wasserman-dedicated building at the campus, which will serve as a research and patient-care facility.



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Banks Show Proper Credit Discipline

LOS ANGELES--Luther Burbank Savings' Jason Pendergist, who is featured on Real Estate Forum's "Fifty Under 40" list, talks lending trends, noting that the banks are back with lessons learned.



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GCEAR, Signature Will Merge into $3B REIT

EL SEGUNDO, CA--Kevin Shields, Griffin Capital Essential Asset REIT's chairman and CEO, sees "additional scale, diversity and operating efficiencies" in the combined portfolio.



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Hotel Palomar Trades Hands for $79M

LOS ANGELES--Pebblebrook Hotel Trust buys the 264-room Kimpton-managed boutique hotel in its fifth California hotel purchase and 10th Kimpton Hotel purchase.



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Monday, November 24, 2014

Maxxam Enterprises Completes $100M Sale

BEVERLY HILLS, CA--The three-property sale includes the L'Opera Building, an office building, Maui Lu Resort, a hotel, and Arlington Plaza shopping center, GlobeSt.com reports in this EXCLUSIVE story.



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Sunday, November 23, 2014

Viacom Inks Major Lease at Columbia Square

LOS ANGELES--The media company signs an 180,000-square-foot lease at Kilroy Realty's Hollywood office development Columbia Square to consolidate several offices around Los Angeles.



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Friday, November 21, 2014

Hyundai Earns 2014 CoreNet REmmy Award

LOS ANGELES--CoreNet's 2014 REmmy Awards bestows honors to real estate industry leaders, including JLL, Avery Dennison's Terri Johnson and Hyundai Motor America.



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Alhambra Place Complex Breaks Ground

ALHAMBRA, CA--Construction begins on the retail portion of Shea Properties' 260-unit multifamily mixed-use complex, with completion scheduled for summer 2015, GlobeSt.com reports in this update to a previous story.



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Thursday, November 20, 2014

Oaktree Signs Year's Largest Downtown Lease

LOS ANGELES--The investment manager signs an 182,000-square-foot lease renewal with a 26,000-square-foot lease expansion at Brookfield Property Partners' Wells Fargo Center.



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Bobek On Track For Record Year

LOS ANGELES--With $1.2 million in commissions, Avison Young's Jacob Bobek, one of Real Estate Forum's Fifty Under 40, is set to break his 2013 top-producer record.



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Hollywood Site Plucked for Hotel Project

LOS ANGELES--R.D. Olson Development buys the 23,659-square-foot development site for $581 per square foot and $750,000 over asking price with plans to build a hotel, GlobeSt.com reports in this EXCLUSIVE story.



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Wednesday, November 19, 2014

Colony Goes Industrial with Cobalt Buy

LOS ANGELES--"A market-leading presence in the light industrial space" represents Colony Financial's strategy of launching focused platforms to achieve additional growth, says executive chairman Thomas Barrack.



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BH Properties Hires Chief Acquisition Officer

LOS ANGELES--Andrew Van Tuyle joins the firm from Standard Management to oversee property and debt acquisitions throughout the southwest region.



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Tuesday, November 18, 2014

Macerich Buys Out JV Partner Via Stock Swap

SANTA MONICA, CA--The retail REIT and OTPPB subsidiary Cadillac Fairview have been partners in regional mall ownership since 1999.



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Auction.com Investors Gain Ease of Financing

LOS ANGELES--Auction.com's Rick Sharga talks about the company's recently announced partnership with Colony and why it is a good fit for Auction's buyer base, in this UPDATE to a previous story.



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KTGY-Designed Gaspar Complex Opens

LOS ANGELES--Planet Home Living opens its 10-home residential complex in Echo Park, a collection of single-family homes built under the Los Angeles Small Lot Ordinance.



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Monday, November 17, 2014

StarPoint Properties Makes $52M Multifamily Buy

WEST COVINA, CA--The investor buys Lafayette Parc Apartments, a 236,000-square-foot 259-unit property with plans to invest an additional $2.5 million for amenities, GlobeSt.com reports EXCLUSIVELY .



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Colony Buys $165M Loan Portfolio

SANTA MONICA, CA--Along with the purchase of the portfolio of acquisition lines secured by single-family homes, Colony American Finance enters in to a partnership with Auction.com to provide financing to the company's buyer base.



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Credit Enhancement Best Place to Add Value

LOS ANGELES--Helping net lease tenants move up the chain of credit with properly structured leases is an ideal way to add value to properties whose cap rates are shrinking, say speakers at RealShare Net Lease West.



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Sunday, November 16, 2014

Xebec Realty Partners Lands $23M Loan

FONTANA, CA--The funds will be used to develop the Catawba Distribution Center, a 310,550-square-foot class-A industrial facility, which is scheduled for completion in August 2015.



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Friday, November 14, 2014

Kennedy Wilson Offers $350M in Senior Debt

LOS ANGELES--The company is offering its 5.875% notes, which will be due in 2024 and will be treated as part of a single group with a $300 million aggregate principal notes offered in March.



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Millennial Professionals More Attuned to Market

LOS ANGELES--While making Real Estate Forum 's Fifty Under 40 list, Washington Holdings' Chad Christensen talks about how next-gen is shaping commercial real estate and how next-gen professionals can better attend to those needs.



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Underwriting Standards Moving Back to '07

LOS ANGELES--While leverage is decreased from 2007, a lot of conservative underwriting has been seen in the net lease space since CMBS came back, say speakers at RealShare Net Lease West.



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150K-SF Creative Office Build Comes DT

LOS ANGELES--GPI Companies and Atlas Capital are developing the creative office space, named Fourth & Traction, in the historic Coca-Cola factory in the downtown arts district, GlobeSt.com reports in this UPDATE to a previous story.



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Thursday, November 13, 2014

Bernards to Build $110M Henry Mayo Hospital Tower

LOS ANGELES--The Los Angeles-based builder will design and construct the six-story tower, adding 116 beds to the 238-bed not-for-profit community hospital and trauma center.



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BH Triangle Office Building Trades for $47M

BEVERLY HILLS, CA--Several trusts sell the 26,500-square-foot office building after more than 90 years of ownership in an all-cash transaction to New York-based investor Jenel Management Corp.



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Tertiary Markets Draw Net Lease Investors

LOS ANGELES--As product for sale in this asset class becomes ever scarcer and primary market yield decreases, secondary and tertiary markets appeal, say speakers at RealShare Net Lease West.



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Net Lease West Cocktail Reception Wows

LOS ANGELES--More than 100 net-lease industry executives join GlobeSt.com and host W. P. Carey at the ACE Hotel Rooftop Lounge for an evening of networking, food and drinks the night before the conference.



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Downtown Condo Prices up 13%

LOS ANGELES--The latest report from the Mark Co. shows that condo prices in Downtown Los Angeles are appreciating rapidly, as much as 1% every month with the current price index at $701 per square foot.



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Apts., Industrial Benefit As Economy Rallies

CALABASAS, CA--With the Federal Reserve's bond-buying program now over, all eyes will be on the central bank's timing for hiking short-term interest rates, according to Marcus & Millichap.



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Costs Loom Large in Data Center Decisions

LOS ANGELES--A CBRE report cites Northern Virginia, Colorado Springs and a handful of other data center hubs as providing the most cost-effective options for occupiers.



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Wednesday, November 12, 2014

Gelt Expands Into New Markets and Tech Space

LOS ANGELES--The L.A.-based multifamily investor finds new opportunities in Salt Lake City, with plans to acquire up to 1,500 units, and develops an online leasing platform, GlobeSt.com reports in this EXCLUSIVE Q&A.



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44-Acre Business Campus Trades Hands

LOS ANGELES--A partnership between Shubin Nadal Realty Investors and DRA Advisors purchases the 856,000-square-foot Harman International Business Campus with plans to reposition the property into a creative office and retail park.



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Tuesday, November 11, 2014

Georgia Multifamily Trades for $30 Million

SANDY SPRINGS, GA--Oak Coast Properties and IMG report they have acquired the Legacy Key Apartments community here for $30 million, including costs, from DRA Advisors LLC.



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Limited Net Lease Supply Has Its Benefits

LOS ANGELES--In preparation for the New Lease West conference, American Realty Capital Properties' Mark Selman talks to reporter Kelsi Maree Borland about managing a net lease portfolio, and why he sees the limited supply as a positive.



via Los Angeles http://ift.tt/1zKe6Jn

New Developer Finds Returns in Luxury Market

LOS ANGELES--In this EXCLUSIVE Q&A, Empire Property Group's Craig Berberian talks about the demand for high-end luxury multifamily, his New York-inspired urban design aesthetic and how he is pulling off favorable returns.



via Los Angeles http://ift.tt/10V3E2w

Monday, November 10, 2014

True Religion HQs Comes to Town

MANHATTAN BEACH, CA--The jean designer set roots in Manhattan Beach with the signing of a 72,246-square-foot lease in a three-story, freestanding building that will be used for its corporate headquarters offices.



via Los Angeles http://ift.tt/1AVBIfq

Colony on Verge of $1.6B Industrial Buy: Reports

LOS ANGELES--The portfolio of nearly 300 light industrial properties spans 18 markets across the US, according to Commercial Mortgage Alert.



via Los Angeles http://ift.tt/1oD759b

A Scarcity of Legitimate Choices

NEWPORT BEACH, CA--GlobeSt.com EXCLUSIVELY chats with managing directors at Voit Real Estate Services on what the rest of 2014 and the start of 2015 will have in store for investors, owners, and operators of commercial properties.



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$46M Cal Poly Build Complete

POMONA, CA--C.W. Driver completes construction of the Bronco Recreation and Intramural Complex, a 126,000-square-foot student recreation center with LEED Silver certification.



via Los Angeles http://ift.tt/1oD74Ca

Friday, November 7, 2014

Net Lease Product In Limited Supply

LOS ANGELES--Stan Johnson's Craig Tomlinson talks to Kelsi Maree Borland about the challenges facing the net lease space and gives his predictions for next year, during this sneak peek of Net Lease West.



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How Pre-Underwriting Helped Berkadia Finance a $1.4B Sale

LOS ANGELES--When the buyers came calling, Berkadia had the debt piece nailed down, SVP Anthony Cinquini tells GlobeSt.com's Erika Morphy.



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Colony Shares Upgraded to Buy

LOS ANGELES--The company's 3Q14 earnings reports are above analysts' expectations, prompting the upgrade with estimation that shares will hit $27, up from $22.50, due to the combination of Colony Capital and Colony Financial, GlobeSt.com reports in this UPDATE to a previous story.



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Thursday, November 6, 2014

Class-A Apartment Build Secures $31M

VENTURA, CA--Ventura Heritage Corp. obtains the loan to cover a portion of the construction costs for the Island View Apartments, a class-A 154-unit multifamily complex.



via Los Angeles http://ift.tt/1xk6hWe

Wednesday, November 5, 2014

REITS Priced Out of Net Lease

LOS ANGELES--While preparing to speak at the upcoming Net Lease West conference in Downtown Los Angeles, CBRE's Maurice Nieman sits down to discuss the current net lease market and what his clients want.



via Los Angeles http://ift.tt/1uwet95

Lender Flexibility Crucial in $172M Loan Deal

LOS ANGELES--George Smith Partners' J. Jay Brooks credits lender flexibility in helping to secure the funds for a portfolio of 36 assets in litigation, GlobeSt.com reports in this UPDATE to a previous story.



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Colony Entities to Merge in $675M Deal

SANTA MONICA, CA--Leadership will include Thomas Barrack and Richard Saltzman, and the full management team of Colony Capital LLC would transition to the merged company, Colony Capital Inc.



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Millions of New Households Could Soon Form

SEATTLE--If the now doubled-up households divide, demand will pick up 'like a coiled spring' especially in places where rent has skyrocketed during the housing recovery like in California and Florida, sources say.



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1M-SF Industrial Center Breaks Ground

VALENCIA, CA--Developer IAC begins construction on the first phase of the IAC Commerce Center, which is a 400,000-square-foot industrial building on 70 acres.



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Tuesday, November 4, 2014

George Smith Raises $172M for Mixed National Portfolio

LOS ANGELES--The national portfolio includes assets in the 17 states.



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Panera Bread Expands L.A. Footprint

CULVER CITY, CA--The bakery and café signs its first lease in Culver City after five years of searching of a location that fits its unique criteria, GlobeSt.com reports in this EXCLUSIVE story.



via Los Angeles http://ift.tt/1E3zFCr

Barker Pacific Buys Office Building

WESTLAKE VILLAGE, CA--In partnership with Rockwood Capital, Baker buys Westlake Spectrum, a two-buildings class-A office property, which is occupied primarily by Securitas USA.



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Suburban Office Market Alive and Well

LOS ANGELES--How well is urban relocation working for the companies that have moved to CBDs? Find out in this EXCLUSIVE Q&A on the subject.



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Monday, November 3, 2014

Investors Need Be Aware of Crowdfunding Risks

LOS ANGELES--While preparing for the annual Crocker Symposium, attorney Paul Rutter discusses how crowdfunding is changing the CRE world, and what investors should do to evolve, in this EXCLUSIVE interview.



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CBRE HQ Takes CoreNet Global Innovator's Award

WASHINGTON, DC--The HQ was recognized for addressing 120 features in a variety of wellness categories...all focused on worker comfort, happiness, health and productivity.



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New Code May Cost Owners Today

LOS ANGELES--The new commissioning requirements instated under the California Building Energy Efficiency Standards are arguably the most impactful for commercial owners and developers, and although they will save in the long term, what happens today? Find out in this EXCLUSIVE Q&A on the subject.



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Equity Syndications Generate Near 8% Returns

LOS ANGELES--Realty Mogul scans 311 private placements totaling $5 billion in properties to bring professionals a tell-all 3Q14 report of real estate syndications space, GlobeSt.com reports in this EXCLUSIVE story.



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Friday, October 31, 2014

Lightstone Secures $120M Loan for Gowanus Multifamily

NEW YORK CITY--An affiliate of Lightstone has secured a $120-million construction loan for its 12-story multifamily project in the Gowanus section of Brooklyn.



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Even Koreatown's Non-Ductile Assets Fly Off Market

LOS ANGELES--Unstabilized assets are selling in the Koreatown submarket, as illustrated by the Lion Real Estate Group's recent value-add acquisition of Sherman Apartments, a 60-unit complex with a 42% vacancy.



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Thursday, October 30, 2014

Tryperion Closes $50M Fund

LOS ANGELES--The firm's second fund in two years will finance sub-institutional and value-add acquisition opportunities, both joint venture and direct, in the Midwest and West markets.



via Los Angeles http://www.globest.com/news/12_977/losangeles/finance/Tryperion-Closes-50M-Fund-352036.html?CMP=OTC-RSS

CBRE Acquires Swiss Retail Manager

LOS ANGELES--PSM, Zurich, manages a portfolio of 11 shopping centers, totaling 1.4 million square feet.



via Los Angeles http://www.globest.com/news/12_977/losangeles/retail/CBRE-Acquires-Swiss-Retail-Manager-352029.html?CMP=OTC-RSS

5900 Wilshire Occupancy Reaches 90%

LOS ANGELES--After completing a landscaping project and renovations, the Ratkovich Co. property augments its occupancy by 80,000 square feet since the beginning of the year.



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Wednesday, October 29, 2014

Forestar Land Nabs 230-Acre Deerlake Ranch

LOS ANGELES--The joint venture between Foremost Communities and Starwood Capital Group purchases the parcel to build 314 luxury homes, which, once sold, will generate $500 million in revenue.



via Los Angeles http://www.globest.com/news/12_976/losangeles/acquisitions_dispositions/Forestar-Land-Nabs-230-Acre-Deerlake-Ranch-351934.html?CMP=OTC-RSS

Tuesday, October 28, 2014

Industry Moguls Remain Bullish

LOS ANGELES--At CCIM Thrive, five CRE leaders and economists take and in depth look at employment, spending and the fed to give a robust depiction of the economy and how it affects the real estate world.



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Stick to Core Values When Investing

LOS ANGELES--Investment panelists at a recent RealShare Apartments conference here say that "you can chase yield if you like, but you will wind up tripping."



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San Pedro Bank Lofts Trade for $24M

LOS ANGELES--The Bascom Group has acquired the 89-unit luxury condominium complex with plans to invest additional capital to upgrade the units and added in high-tech features.



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Monday, October 27, 2014

Travers Realty Corp. and Cresa Merge

LOS ANGELES--The two tenant representation companies merge to create Travers Cresa, a combined firm with 150 employees in the western region and more than 1,000 employees internationally.



via Los Angeles http://www.globest.com/news/12_974/losangeles/leasing/Travers-Realty-Corp-and-Cresa-Merge-351864.html?CMP=OTC-RSS

Pathfinder Acquires $50M in Lux Homes

LOS ANGELES--The San Diego-based private equity fund manager uses its $12-million lux home fund and capital from prior funds to purchase 14 homes in the Sunset Strip area for rehabilitation.



via Los Angeles http://www.globest.com/news/12_974/losangeles/acquisitions_dispositions/Pathfinder-Acquires-50M-in-Lux-Homes-351821.html?CMP=OTC-RSS

Thursday, October 23, 2014

CBRE Employees Are Sold On Workplace360

LOS ANGELES--A year after implementing its hoteling workspace, CBRE reports that 90% of its employees prefer the open office floor plan to the previous traditional office space, while 83% feel more productive.



via Los Angeles http://ift.tt/ZJqeu6

Wednesday, October 22, 2014

Education Wins in Niche Markets

LOS ANGELES--At the CCIM Thrive conference, niche market experts, from net lease to student housing, say that the best way to break into to these flourishing markets is through education.



via Los Angeles http://www.globest.com/news/12_971/losangeles/ccim/Education-Wins-in-Niche-Markets-351709.html?CMP=OTC-RSS

Be Cognnizant of Your Property's Reputation

LOS ANGELES--Approximately 75% of Millennials make their decision to purchase based on reviews. Managing your Yelp reviews is critical, say panelists at RealShare Apartments .



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Be Cognoscent of Your Property's Reputation

LOS ANGELES--Approximately 75% of Millennials make their decision to purchase based on reviews. Managing your Yelp reviews is critical, say panelists at RealShare Apartments .



via Los Angeles http://ift.tt/1sPEwE7

Education Wins in Niche Markets

LOS ANGELES--At the CCIM Thrive conference, niche market experts, from net lease to student housing, say that the best way to break into to these flourishing markets is through education.



via Los Angeles http://www.globest.com/news/12_971/losangeles/netlease/Education-Wins-in-Niche-Markets-351709.html?CMP=OTC-RSS

Be Cognoscente of Your Property's Reputation

LOS ANGELES--Approximately 75% of Millennials make their decision to purchase based on reviews. Managing your Yelp reviews is critical, say panelists at RealShare Apartments .



via Los Angeles http://ift.tt/1s7U2Yj

Beyond the Fray of Institutional Investment

LOS ANGELES--Panelists at RealShare Apartments look not at the CBD, but the first ring around it as an investment strategy in the multifamily arena.



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Employment Gets Nearly 2% Bump

LOS ANGELES--According to Cushman & Wakefield's 3Q14 office report, employment rates are up, helping the L.A. office market to gain momentum.



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Tuesday, October 21, 2014

TIAA, Jonathan Rose Launch Affordable MF Fund

NEW YORK CITY--Set to be managed by Rose, the fund will focus on affordable housing preservation in a number of cities.



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LTC Extends Credit Line to $600M

LOS ANGELES--The extension increases the public REIT's aggregate commitment of the lenders to $400 million with the option to extend the credit amount up to $600 million, while extending the maturity to October 2018.



via Los Angeles http://ift.tt/1yftYjs

Despite Slight Slowdown, Demand Remains Robust

LOS ANGELES--Although panelists at RealShare Apartments admit that there might be a slight slowdown in rent growth in some markets, they agree that multifamily is still hot with great fundamentals.



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Carthay Campus Trades Hands for $75M

LOS ANGELES--Douglas Emmett buys the two-building, 216,000-square-foot class-A office campus, bringing its portfolio 61 properties with a total of 15.3 million square feet.



via Los Angeles http://ift.tt/1yftVnH

Monday, October 20, 2014

Private Financing Always In Demand

LOS ANGELES--Eagle Group Financing funds three short-term non-recourse loans totaling $20.4 million, re-illustrating the stable demand for private financing in both good and bad markets.



via Los Angeles http://www.globest.com/news/12_969/losangeles/finance/Private-Financing-Always-In-Demand-351591.html?CMP=OTC-RSS

Sunday, October 19, 2014

JV Nabs Westside Office Park

LOS ANGELES--The Swig Co. and Intercontinental Real Estate Corp. partner to purchase Fox Hills Business Park, a 75,300-square-foot office park, in an all-cash transaction.



via Los Angeles http://ift.tt/1yQO9Hy

Friday, October 17, 2014

EVOQ Properties Officially Trades Hands

LOS ANGELES--An investor group led by Atlas Capital and Square Mile Capital Management completes the purchase of EVOQ Properties, GlobeSt.com reports in this UPDATE to a previous story.



via Los Angeles http://www.globest.com/news/12_968/losangeles/acquisitions_dispositions/EVOQ-Properties-Officially-Trades-Hands-351549.html?CMP=OTC-RSS

National City Tower Fetches $43M

LOS ANGELES--RC Acquisitions acquires the 12-story 118,000-square-foot historic adaptive reuse building in Downtown Los Angeles from National City Towers LLC.



via Los Angeles http://www.globest.com/news/12_968/losangeles/acquisitions_dispositions/National-City-Tower-Fetches-43M-351548.html?CMP=OTC-RSS

Multifamily Absorption Expected to be Significant

LOS ANGELES--'If we look back a year from now, we will be pleased with the level of absorption we will see,' agreed panelists at RealShare Apartments 2014 .



via Los Angeles http://www.globest.com/news/12_968/national/multifamily/Multifamily-Absorption-Expected-to-be-Significant-351545.html?CMP=OTC-RSS

Playing Catch Up on Multifamily Development

LOS ANGELES--One anomaly panelists on the development panel at RealShare Apartments 2014 notice is more high-rise buildings, which they equate to rising construction costs.



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Industrial Park Build Lands $28M

AZUSA, CA--Xebex Realty Partners secures the construction loan to build 10th Street Center, a three-building 342,629-square-foot class-A industrial park on a 21.6-acre site.



via Los Angeles http://www.globest.com/news/12_968/losangeles/development/Industrial-Park-Build-Lands-28M-351500.html?CMP=OTC-RSS

Thursday, October 16, 2014

Retail Center Demand Escalates

LOS ANGELES--Two retail centers totaling 128,000 square feet in Los Angeles County trade hands for a total of $29 million, showing that investor demand is at "unprecedented levels."



via Los Angeles http://www.globest.com/news/12_967/losangeles/acquisitions_dispositions/Retail-Center-Demand-Escalates-351499.html?CMP=OTC-RSS

Strong Development Caters to Pent-Up Demand

LOS ANGELES--According to RealShare Apartments 2014 panelists from Fannie Mae and Freddie Mac, the current multifamily construction outlook is not worrisome, but instead, "a reasonable number."



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Learning to THRIVE in Interesting Times

LOS ANGELES--As cliches go, "May you live in interesting times" is used more than is actually appropriate. But consider: bonds are wrapped in uncertainty, sources of credit are expanding beyond the traditional vendors, a disruptive lending model is gaining traction, all the while a migration is occuring back to urban cores that's pushing even the value of secondary markets to investment-worthy.



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Kearny Real Estate Recruits New Partner

LOS ANGELES--Greg Galusha joins the real estate investment and management firm as a partner in the Los Angeles office, where he will focus on transaction volume in the L.A. and Orange County region.



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Multifamily Sector Benefits From 'Perfect Storm'

LOS ANGELES-- RealShare Apartments 2014 panelists agree that the sector is still attractive given the inability of many to own a home. Low interest rates, good access to capital and a weak economy have all helped the sector remain healthy, experts say.



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Wednesday, October 15, 2014

Ness Holdings Expands Multifamily Portfolio

LOS ANGELES--The real estate investor and developer buys three properties totaling 62 units in prime submarkets, and plans to reposition the properties into luxury apartment complexes.



via Los Angeles http://ift.tt/1vdPHZv

Law Firm Completes Lease Extension

LOS ANGELES--Manning & Kass, Ellrod, Ramirez, Trester LLP renews and extends its 80,328-square-foot lease in Downtown Los Angeles, where its corporate headquarters has been located since 2006.



via Los Angeles http://ift.tt/1vdPHIY

Tuesday, October 14, 2014

The Lakes Apartment Build Breaks Ground

WEST COVINA, CA--Lennar Multifamily Communities and KTGY Group begin construction on the 450-unit mixed-use complex, which features 20,000 square feet of ground floor retail space.



via Los Angeles http://www.globest.com/news/12_965/losangeles/development/The-Lakes-Apartment-Build-Breaks-Ground-351418.html?CMP=OTC-RSS

Shorenstein Completes $270M Aon Tower Buy

LOS ANGELES--Located at 707 Wilshire Blvd. in the financial district, the purchase of the 1.1-million-square-foot 59%-leased office tower includes an adjacent parking structure, GlobeSt.com reports in this UPDATE to a previous story.



via Los Angeles http://www.globest.com/news/12_965/losangeles/acquisitions_dispositions/Shorenstein-Completes-270M-Aon-Tower-Buy-351381.html?CMP=OTC-RSS

Monday, October 13, 2014

Dinerstein's Millennium del Rey Trades Hands

MARINA DEL REY, CA--American Realty Advisors buys the newly constructed 196-unit apartment complex from Dinerstein, GlobeSt.com reports in this EXCLUSIVE story.



via Los Angeles http://ift.tt/1sBMIu0

Laramar Looks For High-Density

LOS ANGELES--The multifamily owner and investor talks about its urban-centric investment strategy and interest in the Los Angeles submarket after its recent $45-million purchase, GlobeSt.com reports in this UPDATE to a previous story.



via Los Angeles http://ift.tt/1wqqc5b

Friday, October 10, 2014

Medical Office Build Scores $32M

TARZANA, CA--A developer secures the funds to build the Ventana Medical Plaza, a class-A 112,500-square-foot, four-floor building that is 70% preleased to a tenant mix that includes RadNet Inc.



via Los Angeles http://ift.tt/1qxjQMV

Multifamily Intrigues Institutional Capital

LOS ANGELES--While getting ready for RealShare Apartments, Marc Renard talks to reporter Kelsi Maree Borland about the trends in the multifamily investment sector and what he plans to discuss with on the panel.



via Los Angeles http://ift.tt/1qxjQfK

Village Shopping Center Fetches $23M

VENTURA, CA--For the Regency Centers sells the 76,060-square-foot shopping center, which is anchored by a Vons grocery store, to a private investor for the first time in 20 years.



via Los Angeles http://ift.tt/1qxjPbN

Thursday, October 9, 2014

Mixed-Income Model Works for Affordable Housing

LOS ANGELES--At USC's Casden Real Estate Forecast, experts discuss the need--and limited supply--for affordable housing, looking at everything from development models to demographics.



via Los Angeles http://ift.tt/1vRv4Am

Two Office Properties In High Demand

WESTLAKE VILLAGE, CA--Westlake Village City Center and North Ranch Office Building sell to two separate investors, who were attracted to the submarket's low office vacancies.



via Los Angeles http://ift.tt/10W2qod

Historic Building Trades Hands for $36M

PASADENA, CA--21st Century Techbanq Pasadena LLC acquired the 123,100-square-foot office and retail building from Embarcadero Capital Partners in an off-market transaction.



via Los Angeles http://ift.tt/1vRv4jX

Wednesday, October 8, 2014

Huntington Oaks Center Lands $71M

MONROVIA, CA--The shopping center secures two loans, a senior mortgage loan for $60.5 million and a mezzanine loan for $10.5 million, to replace a $51-million mortgage, GlobeSt.com reports EXCLUSIVELY .



via Los Angeles http://ift.tt/1rhgGwK

Leaders Debate Necessity of GSEs

LOS ANGELES--At USC's Casden forecast, David K. Min and Dwight M. Jaffee debate the future of multifamily and the past role of GSEs in the success (or failure) they have provided to the market.



via Los Angeles http://ift.tt/1sdGDUl

14-Property Portfolio Fetches $45M

LOS ANGELES--William Holdings sells a multifamily portfolio, with a total of 285 units in the Koreatown and Hollywood submarkets, above asking price, GlobeSt.com reports EXCLUSIVELY .



via Los Angeles http://ift.tt/1sdGBvM

Tuesday, October 7, 2014

CNL Commercial Secures $38M Refi Loan for Sunrise Property

SUNRISE, FL--Orlando, FL-based CNL Commercial Real Estate, Inc. and partner Long Wharf Real Estate Partners of Boston have secured $38.2-million in short-term mortgage debt to refinance its 239,373-square-foot Sawgrass Lakes Center here.



via Los Angeles http://ift.tt/10L4mzR

Multifamily Opportunities Hard to Find

LOS ANGELES--In preparation for RealShare Apartments, commercial real estate expert Ethan Penner talks to reporter Kelsi Maree Borland about the current multifamily market and where it is headed.



via Los Angeles http://ift.tt/1y1B6m7

Healthcare Facilities Employ Top Design Trends

LOS ANGELES--In this EXCLUSIVE Q&A, Stan Chiu of HGA Architects and Engineers talks about the evolving healthcare real estate space and how these facilities are using design to attract top talent.



via Los Angeles http://ift.tt/1qaQvYu

Monday, October 6, 2014

Gaming Casinos Request Fast-Track Building

SYLMAR, CA--Tutor Perini Construction leverages its 12-year relationship with the Chumash Indian tribe to overcome the challenges of building a Native American gaming facility, GlobeSt.com reports in this UPDATE to a previous story.



via Los Angeles http://ift.tt/1vL0mZs

What Makes a Successful P3?

MIAMI--Skanska's Fred Hames tells GlobeSt.com's Jennifer LeClaire successful public-private partnerships require a construction partner specializing in these two areas in part one of this EXCLUSIVE interview.



via Los Angeles http://ift.tt/10HW3Vn

Stan Johnson Hires L.A. Lead Broker

LOS ANGELES--Steve Wolff joins the firm as associate director and lead broker, where he will focus on the Southern California net lease investment market.



via Los Angeles http://ift.tt/1EkK8w3

The Feminization of the CRE Service Industry

GLENDALE, CA--Women are more involved in the service aspects of commercial real estate and asset and property management, but they're still not the deal decision-makers, Arthur J. Gallagher's Alexandra Glickman tells GlobeSt.com EXCLUSIVELY .



via Los Angeles http://ift.tt/10EI0Qy

Mid-Counties Industrial Market Stays Hot

LA MIRADA, CA--A third-party logistics company signs a 254,718-square-foot industrial lease, illustrating the continued strong demand for industrial space in this market.



via Los Angeles http://ift.tt/1CONvKb

Friday, October 3, 2014

DT Flat Apartments Trades Hands

LOS ANGELES--The unnamed buyer of this 205-unit apartment building in Downtown Los Angeles plans to reposition the property to include more onsite amenities, GlobeSt.com reports EXCLUSIVELY .



via Los Angeles http://ift.tt/1ra4n5n

Lenders Work Together, Get Higher Yields

LOS ANGELES--In this EXCLUSIVE interview, Lone Oaks Fund's Alexa Mizrahi talks to reporter Kelsi Maree Borland about the trend away from agency lending and the other topics on her mind as she prepares for RealShare Apartments.



via Los Angeles http://ift.tt/1sRWOYw

Inglewood Plaza Fetches $27M

LOS ANGELES--CCPT IV and G3H Investments LLC each buy portions of the 101,329-square-foot shopping center from Howard Building LLC.



via Los Angeles http://ift.tt/YWPPzA

Thursday, October 2, 2014

Brookfield Tackles Modern Office Design

LOS ANGELES--John Barganski, SVP of leasing of the western region for Brookfield, talks about the DesignHive by Brookfield, a newly launched collection of office suites that address modern office design, in this EXCLUSIVE interview.



via Los Angeles http://ift.tt/YUi6XH

West Coast Sees Better CRE Returns

LOS ANGELES--Industry leaders at Allen Matkins View From the Top conference offer insights into the real estate investment market in this video obtained EXCLUSIVELY by GlobeSt.com.



via Los Angeles http://ift.tt/1vAYfcI

Tutor Perini Wins $112M Contract

SYLMAR, CA--The developer will build an expansion the Chumash Casino Resort, which will include a 215-room hotel, in the Santa Ynez Valley for the Santa Ynez Band of Chumash Indians.



via Los Angeles http://ift.tt/1vAYeW2

Wednesday, October 1, 2014

Cautious Asian Retailers Look to US

CHICAGO--The burgeoning middle class of China is traveling abroad more often and spending more money when they do, and homegrown retailers want to make sure they get a share of that business.



via Los Angeles http://ift.tt/ZrXabk

801 Tower Trades Hands for Approx. $190M

LOS ANGELES--Cornerstone Real Estate Advisers buys the iconic 446,534-square-foot downtown office building from Mani Brothers Real Estate Group.



via Los Angeles http://ift.tt/1wXYYDX

Residential Design Inspires Office Design

LOS ANGELES--In this EXCLUSIVE interview, Patricia Rhee of Ehrlich Architects, which is responsible for the elevon creative campus in El Segundo, talks about the emerging home-inspired trends in office design.



via Los Angeles http://ift.tt/1wXZ0vD

Riviera Cashing in on EB-5 Office Space

MIAMI--Riviera Point Development Group sees a clear opportunity in the midst of volatile international politics and markets driving growth in the job-creating US Immigrant Investor (EB-5) program. Get all the details.



via Los Angeles http://ift.tt/1v42RWa

Roll Real Estate Sells 22 Acres

SHAFTER, CA--Scannell Properties will develop a 210,000-square-foot ground sort hub at Paramount Logistics Park on behalf of an unnamed global deliveries company.



via Los Angeles http://ift.tt/1v42RFO

Why NG+P Designs Lease Up So Fast

COSTA MESA, CA--Understanding multifamily tenants and what sparks their active lifestyles helps to provide the amenities that renters want, the firm's Kevin Newman tells GlobeSt.com in this EXCLUSIVE story.



via Los Angeles http://ift.tt/1xAxaZu

Tuesday, September 30, 2014

L.A Car Wash Expands Portfolio for $22M

LOS ANGELES--After selling its downtown location, the L.A. Car Wash Corp. buys four properties, including three Walgreens properties and a medical office building, in the last three months to complete its 1031 exchange requirements.



via Los Angeles http://ift.tt/1wV0BlD

Dunkel Bros. Buys Property with Caltrans Profits

LA MIRADA, CA--The manufacturer buys a 237,089-square-foot industrial facility for $21.9 million after the California Department of Transportation buys its former facility to widen the I-5 freeway.



via Los Angeles http://ift.tt/1DWi5D9

Retail Property Lands $19M CMBS

WOODLAND HILLS, CA--The borrower secures a cash-out first mortgage loan with a 10-year term for a retail and office property occupied mainly by Fleming's & Roy's.



via Los Angeles http://ift.tt/1uyAgf6

Monday, September 29, 2014

Xceligent Expands Los Angeles Team

LOS ANGELES--Sarah Quinn joins the firm's Los Angeles office as director of client services and the west region marketing manager while Monique Ebel and Matt Nelson join the research and analytics team.



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Goodwin Procter Identifies Legal Risks in Crowdfunding

LOS ANGELES--In this EXCLUSIVE Q&A, Goodwin Procter's Lew Feldman talks to reporter Kelsi Maree Borland about the firm's newly launched crowdfunding practice.



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Friday, September 26, 2014

Shopping Center Fetches $43M

LOS ANGELES--An unnamed New York-based buyer acquires the nearly fully leased 78,956-square-foot shopping center for its prime location and Asian-targeted retail tenants.



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Women Receive Little Venture Capital

LOS ANGELES--Real Estate Forum Woman of Influence Jilliene Helman is one of the few women to receive venture capital, a success she hopes will open doors for other females in the industry.



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USC Expands World Trade Center Lease

LOS ANGELES--The university has signed doubled its current lease, adding on 20,000 square feet, at the World Trade Center building in Downtown Los Angeles, GlobeSt.com reports in this EXCLUSIVE story.



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Foreign Buyers Pump Up the Volume

NEW YORK CITY--Cross-border investment in US property is on pace to excel 2013's total, says Real Capital Analytics, while DTZ notes that overseas players have been the biggest net buyers over the preceding 12 months.



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Thursday, September 25, 2014

Younan Properties Buys Medical Office Portfolio

THOUSAND OAKS, CA--The real estate investor buys the eight-property class-A portfolio, which totals 62,248 square feet, at a third of the standard per square foot market cost.



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Retail Landlords Lead in Urban Markets

LOS ANGELES--In this EXCLUSIVE interview, Wilson Retail's Scott Burns talks about retail leasing trends from the tenant's perspective, noting that landlords have the upper hand in urban markets.



via Los Angeles http://www.globest.com/news/12_952/losangeles/retail/Retail-Landlords-Lead-in-Urban-Markets-350786.html?CMP=OTC-RSS

Why the Industrial Market is Getting White Hot

MIAMI--GlobeSt.com caught up with Bill Waxman, executive vice president of CBRE's Global Port Logistics Group, to get his thoughts the true hot spots for industrial real estate in part one of this EXCLUSIVE interview.



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Realty Mogul Gains Certainty of Capital

LOS ANGELES--According to CEO and founder Jilliene Helman, the crowdfunding platform's first institutional partnership with Direct Lending Investments promises certainty of capital for borrowers of debt, GlobeSt.com reports in this UPDATE to a previous story.



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Wednesday, September 24, 2014

Wilshire Grand Reveals Hotel Operator

LOS ANGELES--The InterContinental hotel brand will operate a 900-room hotel at Korean Air's $1.1-billion Wilshire Grand mixed-use development in Downtown Los Angeles.



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Asset Avenue Hires FDIC Account Officer

LOS ANGELES--Ten-year veteran Eddie Prosser joins the newly launched crowdfunding platform as SVP of real estate investments, responsible for cultivating and maintaining partnerships with lenders and brokers, GlobeSt.com reports EXCLUSIVELY .



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Tuesday, September 23, 2014

New Downtown Apartment Build Comes to Market

LOS ANGELES--In this story, GlobeSt.com reports that Wood Partners decides to sell its newly built 209-unit luxury apartment complex in the South Park neighborhood of downtown.



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What's the Appeal of a Secondary City?

LOS ANGELES--Andrew White, CCIM, of Gladstone Commercial explains why he's drawn out of town and into markets less traveled.



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LA, SF Lead California Retail Boom

SAN DIEGO--Craig Killman of JLL EXCLUSIVELY shares his read on strength of this California pair as part of our lead up to ICSC Western States.



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Retail Users Face Limited Opportunities

LOS ANGELES--With vacancy rates dropping, retail tenants no longer have multiple options for new locations, Wilson Retail SVP tells reporter Kelsi Maree Borland in this EXCLUSIVE Q&A about the evolving retail leasing market.



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Hispanic-Targeted Retail Attracts Investors

OXNARD, CA--Loja Real Estate LLC acquires a Hispanic grocery-anchored shopping center for $20 million in an all-cash transaction, GlobeSt.com reports EXCLUSIVELY .



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Monday, September 22, 2014

Foreign Investors Want High-Profile Land

LOS ANGELES--CBRE's Laurie Lustig-Bower, one of the speakers on the development panel at the upcoming RealShare Apartments, talks about how both domestic and foreign investors are helping drive prices up on a handful of rare development sites.



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Loans Spike for Office, Industrial: CBRE

LOS ANGELES--"With spreads remaining tight, all-in financing costs are still highly attractive," says CBRE's Brian Stoffers, affirming that it's still a borrower's market.



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605 Corridor Experiences Strong Demand

DOWNEY, CA--Two apartment building sales draw multiple offers and reveal the high-demand for multifamily in the Downey submarket, GlobeSt.com reports in this EXCLUSIVE story.



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Demand Rises for Ground-Up Retail

LOS ANGELES--In this EXCLUSIVE Q&A, Nadel architect Greg Lyon tells Kelsi Maree Borland about the rising demand for shopping center developments.



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Direct Lending Invests $73M in Realty Mogul

LOS ANGELES--The institutional investor commits the funds through the nation's largest crowdfunding platform to fund residential rehab loans.



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Friday, September 19, 2014

HFF Names L.A. Director

LOS ANGELES--Blake Rogers joins the firm to focus on mid-range multifamily investment sale transactions in the greater Los Angeles market.



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Conejo Valley Multifamily Values on the Rise

AGOURA HILLS, CA--A private investor purchases a five-unit multifamily property for a record-breaking $466,000 per unit, the highest price ever paid in the Conejo Valley, in a sale that garnered eight offers.



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Lowe Enterprises Acquires Aloft Charlotte Uptown

CHARLOTTE, NC--Lowe Enterprises Investors reports it has purchased the Aloft Charlotte Uptown @ the EpiCentre on behalf of an unnamed investment client.



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No Challenges in Wanda Land Sale

LOS ANGELES--The CBRE brokers who negotiated the landmark Beverly Hills land sale, which involved two Chinese entities, tell GlobeSt.com that the transaction was incredibly smooth, GlobeSt.com reports in this UPDATE to a previous story.



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Thursday, September 18, 2014

RCS Capital Buys Majority Stake in Tech Firm

NEW YORK CITY--Locally-based RCS Capital Corp. reports it has entered into an agreement to acquire a majority interest in Los Angeles-based Docupace Technologies, a firm that specializes in providing integrated, electronic processing technologies and systems for financial institutions and wealth management firms.



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Women Sparse in Risk-Taking Sectors

GLENDALE, CA--According to Real Estate Forum Woman of Influence Alexandra Glickman, women are still missing from the investment banking and development sectors.



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View From the Top Shines Bright

LOS ANGELES--At Allen Matkins annual View from the Top conference, industry leaders had nothing bad to say about the current and future commercial market.



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Wednesday, September 17, 2014

Industrial Complex Trades for $30M

LOS ANGELES--Rexford Industrial purchases the 319,000-square-foot industrial complex in an all-cash transaction, bringing the REIT's year-to-date acquisition volume to $260 million.



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Freddie Mac Beats Out Banks

LOS ANGELES--The Fast Track Early Rate-Lock program gives Freddie Mac an advantage over banks because it can lock an interest rate for an extended period of time, GlobeSt.com reports in this UPDATE to a previous story.



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Local Investor Snags $27M Apartment Complex

SANTA MONICA, CA--A joint venture between MWest Holdings LLC and GreenOak Real Estate LP sells the 60-unit building, which just received $1.5 million in upgrades and interior renovations.



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Tuesday, September 16, 2014

Thorofare Capital Launches $400M Loan Program

LOS ANGELES--The alternative investment manager will use the program to fund floating-rate commercial bridge loans, focusing on $5-million to $25-million senior loans.



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Wanda Group Closes $400M Land Buy

BEVERLY HILLS, CA--The Chinese developer completes buying the land site from Joint Treasure International, where it plans to develop a $1.2-billion mixed-use complex, GlobeSt.com reports in this UPDATE to a previous story.



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North L.A. Multifamily Attracts Investors

LOS ANGELES--Two separate buyers purchase three multifamily properties, including one new construction property in North Los Angeles, with a combined 141 units for a total of $34 million, GlobeSt.com reports EXCLUSIVELY .



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Monday, September 15, 2014

Hard Money Ideal For Speedy Deals

LOS ANGELES--AMDA purchases its new 19,750-sqaure-foot Hollywood office space in just 30 days with 50% financing in the form of a short-term interest-only loan funded through Lone Oak Fund, in this UPDATE to a previous story.



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Retail Development Looking Brighter

LOS ANGELES--Chris Wilson and Scott Burns of Wilson Retail Group talk about Southern California's changing retail market in this ICSC Western Division preview story.



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Why One Park Square in Doral Keeps Filling Up

MIAMI--Blanca Commercial Real Estate CEO Tere Blanca tells GlobeSt.com's Jennifer LeClaire why One Park Doral continues winning with tenants.



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Utilities Can Help Landlords Violate LARSO

LOS ANGELES--In this EXCLUSIVE Q&A, Matthew McNicholas of McNicholas & McNicholas tells reporter Kelsi Maree Borland how LARSO landlords are using water meters to augment rents.



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Is There Danger of Student Housing Overbuild?

MIAMI--GlobeSt.com caught up with Andrew Stark, CEO of Campus, to get his take on the latest trends in student housing development, the overbuilding question, and more in part one of this EXCLUSIVE series.



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Friday, September 12, 2014

JV Secures $168M for the Vermont Purchase

LOS ANGELES--TruAmerica Multifamily and Capri Capital Partners secure the funds through Freddie Mac's Premier Lease-Up program to acquire the $238-million apartment building, GlobeSt.com reports in this UPDATE to a previous story.



via Los Angeles http://www.globest.com/news/12_943/losangeles/finance/JV-Secures-168M-for-the-Vermont-Purchase-350297.html?CMP=OTC-RSS

Defense Spending to Increase By $24B

LOS ANGELES--According to the latest UCLA Anderson report, defense spending is estimated to rise annually by 2016, while unemployment rates are dropping and the national economy continues to grow.



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Thursday, September 11, 2014

Swig Company Signs Three Downtown

LOS ANGELES--New tenants at former Union Oil Co. building include Center for Sustainable Energy.



via Los Angeles http://www.globest.com/news/12_942/losangeles/Swig-Company-Signs-Three-Downtown-350254.html?CMP=OTC-RSS

Ten-Unit Hollywood MF Moves Quickly

LOS ANGELES--Listing drew a dozen offers in two weeks before closing all-cash at $3.2 million.



via Los Angeles http://www.globest.com/news/12_942/losangeles/multifamily/Ten-Unit-Hollywood-MF-Moves-Quickly-350252.html?CMP=OTC-RSS

Realty Mogul's Capital Raise Hits $30M

LOS ANGELES--With this milestone, the crowdfunding platform becomes the largest of its kind in the US with 90 properties in over 30 states funded by 12,000 accredited investors.



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In Memoriam: Joshua Water Leonard

LOS ANGELES--At the age of 61, the senior partner at Deloitte passed away peacefully on August 25 at Cedars-Sinai Hospital after battling lymphatic cancer.



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Carpenter Village Shopping Center Trades

TORRANCE, CA--KL Plaza LLC acquires the 31,000-square-foot shopping center from Carpenter Center LLC for $11.5 million.



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Wednesday, September 10, 2014

9-Property Portfolio Lands $80M

LOS ANGELES--The owner of a multifamily portfolio in Los Angeles County secures the 10-year fixed-rate loan through Freddie Mac's Fast Track Early Rate-Lock Program.



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Chinese To Invest $780M This Year

LOS ANGELES--In this Q&A, JLL's Jeff Adkison tells reporter Kelsi Maree Borland about the influx of Chinese investors in the Los Angeles area, and the types of investment opportunities driving them into this market.



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Tuesday, September 9, 2014

James Maddox Heads to Avison Young

LOS ANGELES--Maddox joins the firm as principal in the West Los Angeles office, specializing in strategic advisory and capital markets solutions for owners, developers and investors.



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$125M Historic Estate Comes to Market

SANTA BARBARA, CA--A private family is offering the Rancho San Carlos estate, a 237-acre property with 30 rooms, an office building, 10 cottages and a 10-stall barn, for the first time since the property was built in 1931.



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Monday, September 8, 2014

Golden Triangle Property Trades Hands

BEVERLY HILLS, CA--Hanes Family Trust sells the mixed-use 7,585-square-foot property in the down-leg of a 1031 transaction for $1,430 per foot in an off-market transaction.



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Active Housing Market Attracts Chinese Investor

LOS ANGELES--Landsea will focus its $1 billion US housing market investment on coastal markets with a special eye on California, the company's founder and chairman Tian Ming says in this UPDATE to a previous story.



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Friday, September 5, 2014

Watermarke Tower Fetches $160M

LOS ANGELES--ASB Real Estate Investments acquires the 35-story apartment building in the South Park neighborhood of Downtown L.A. through it $3.5 billion investment fund, Allegiance Real Estate Fund.



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AMDA Buys Hollywood Creative Office Space

LOS ANGELES--Hello and Co. sells a 19,750-square-foot creative office building to the performing arts college in an extremely competitive transaction, GlobeSt.com reports in this EXCLUSIVE story.



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Thursday, September 4, 2014

CBRE Names New Head of Research

LOS ANGELES--After seven years with the company, Spencer Levy is promoted to Americas head of research from executive managing director in the firm's capital markets group.



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WNC-Funded Affordable Housing Opens

LONG BEACH, CA--Ramona Park Senior Apartments, the 61-unit affordable senior housing community, uses $6.9 million in low-income housing tax credits to fund the development.



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Live/Work Loft Project Breaks Ground

MARINA DEL REY, CA--California Landmark Group launches the construction of R3 Lofts, a $30-million mixed-use project with 67 apartment units and 7,525 square feet of creative office space.



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Wednesday, September 3, 2014

Apartment Portfolio Secures $31M

LOS ANGELES--Raintree Partners secures the funds to refinance its class-A apartment portfolio, which consists of three multifamily properties in Burbank, Sherman Oaks and Studio City.



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1M-SF Office Complex Completes Renovations

EL SEGUNDO, CA--Formerly known as Pacific Corporate Towers, the office property is now rebranded as PCT, a LEED Gold-certified creative officer building after nearly a year-long renovation.



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JV Recapitalizes Hercules Campuses

PLAYA VISTA, CA--The Ratkovich Co., Invesco Real Estate and Penwood Real Estate Investment Management join together to renovate the historic hangar and the West Campus.



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Tuesday, September 2, 2014

Lowe-TriBridge Venture Acquires City View Apartments in Atlanta

ATLANTA--A joint venture between Los Angeles-based Lowe Enterprises Investors and TriBridge Residential have acquired the 202-unit City View Apartments property here.



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Ground-Up Developments Secure $14M

LOS ANGELES--Two new-construction developments in Sherman Oaks and West Hollywood secure debt and equity financing to fund the projects, which have a total cost of $70 million.



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Univ. of Shopping Centers Challenge Comes to USC

LOS ANGELES--The International Council of Shopping Centers is bringing its educational retail challenge to the West Coast for the first time.



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JRK Funds Acquire $300M YTD

LOS ANGELES--Through its two investment funds, Los Angeles-based JRK Investors acquires six multifamily properties in markets throughout the country so far this year, and plans to spend $1 billion before the year's end.



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Stabilized Core and Value-Add's Closing Gap

LOS ANGELES--GlobeSt.com EXCLUSIVELY chats with a CBRE retail investment team on the increasing convergence in pricing between stabilized core and value-added retail assets.



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Friday, August 29, 2014

Value-Add Hollywood Hills Complex Trades Hands

LOS ANGELES--Private investor Kambiz Hakim acquires the 48-unit complex in the Hollywood Hills for the value-add opportunity, GlobeSt.com reports EXCLUSIVELY .



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DT Mixed-Use Projects Fly Off Market

LOS ANGELES--A local investor buys a 36-unit, 90%-occupied apartment complex with plans to reposition the property into a mixed-use complex, in a transaction that closed in 17 days.



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Fully Occupied Retail Center Fetches $26M

BURBANK, CA--Tourmaline Capital acquires Plaza del Sol, a 166,216-square-foot shopping center anchored by a grocery store, from an affiliate of Barco Real Estate Management.



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Why Blackstone Bet $120M on Biscayne Beach Condos

MIAMI--"The product available in Biscayne Beach is superior compared to competing condominium properties in the Edgewater area and the Miami mainland," Kevin O'Grady at Cohen Financial.



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Thursday, August 28, 2014

Trigild Completes Receivership Hotel Sale

VALENCIA, CA--The two hotel properties are a 118-room Holiday Inn Express and a 120-room Best Western, which sold for a total of $21 million.



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USC Medical Center Plans $75M Hotel

LOS ANGELES--CaRE EB-5 Regional Center and NMS Capital partner to serve as the financial advisor for the development of the four-story, 200-room extended-stay hotel.



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Bryan Crane Joins Clarion Partners

LOS ANGELES--The investment manager hires Crane as director of the west coast acquisitions group in Los Angeles, which he will co-head with director Dean Rostovsky.



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Wednesday, August 27, 2014

Yardi Teams Up With Home Depot

SANTA BARBARA, CA--Yardi clients can now purchase thousands of Home Depot products and services through Yardi's Procure to Pay platform, a payment and invoice processing service.



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Life Company Funds Cash-Out Refinance

LOS ANGELES--A local investor secured a $12 million permanent loan through the life company to refinance a 142-unit gated apartment complex in Westlake Village.



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Landsea Group Invest $1B in Housing Market

LOS ANGELES--The Chinese developer plans several residential developments in the US over the next several years, focusing on the New York, San Francisco and Los Angeles markets.



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Tuesday, August 26, 2014

Aon Center Trades for $270M

LOS ANGELES--San Francisco-based investment firm Shorenstein enters into an agreement to buy the 1.1-million-square-foot office property on Wilshire Boulevard from Beacon Capital Partners.



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Broadway Trade Center Acquisition Closes

LOS ANGELES--Waterbridge Capital secures the first tranche of a $140 million loan to purchase the 1-million-square-foot building, which will be repositioned into creative office space.



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Big Box Goes Efficient to Penetrate Urban

VENTURA, CA--In this EXCLUSIVE Q&A, one retail expert says that sales forecasting is now more conservative, therefore limiting the number of new store openings and is having a major impact on where retailers choose to locate.



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Murdock Plaza Trades Hands

LOS ANGELES--Tishman Speyer acquires the 17-story, 237,000-square-foot office building for an estimated $122 million with plans to perform extensive renovations to the building's infrastructure.



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Monday, August 25, 2014

South Bay Housing Prices Up 19%

LOS ANGELES--In this EXCLUSIVE interview, Brookfield Residential's Alison Banks talks about how the Silicon Beach tech boom is fueling rapid growth in the South Bay market.



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Millennials Drive Self-Storage Market

LOS ANGELES--Kennedy Wilson's Fred Cordova tells reporter Kelsi Maree Borland that multifamily development trends, specifically micro units, are driving activity in the self-storage market, in this UPDATE to a previous story.



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Disney Store HQ Fetches $26M

PASADENA, CA--The Swig Co. acquires the historic 1922 72,500-square-foot office building, formerly occupied by Royal Laundry Co. and currently occupied by the Disney Store's western regional headquarters, from Karlin Real Estate.



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Financing Projects With EB-5 Funds?

LOS ANGELES--Find out what real estate developers need to know about financing projects with EB-5 funds in this EXCLUSIVE Q&A on the subject.



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Friday, August 22, 2014

Alta Warner Center Trades Hands

WOODLAND HILLS, CA--An institutional multifamily investor acquires the 298-unit luxury multifamily property from Wood Partners because of the high demand for luxury rental units in the submarket, GlobeSt.com reports EXCLUSIVELY .



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Investor Snatches Self-Storage Portfolio

LOS ANGELES--Storage Etc. Development LLC acquires the three-property portfolio in Los Angeles and Riverside from the AMS Group for $16.4 million, GlobeSt.com reports EXCLUSIVELY .



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HQ Group Forms Creative Office Group

LOS ANGELES--Called HQ Creative Space, the new group will oversee management and development of the group's 10-building, 120,000-square-foot creative office portfolio.



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Thursday, August 21, 2014

Dominion Focuses on Multifamily Lending

LOS ANGELES--VP Loren Thall tells reporter Kelsi Maree Borland that the firm's new multifamily lending division will target small investors looking for loans of up to $30 million for purchases or refinances.



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Industrial Land Values Rise by 50%

CITY OF INDUSTRY--AEW Capital Management sold five acres of industrial land to Great Dragon LLC, illustrating that the increasing demand for industrial land is outpacing supply.



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JLL Veteran Moves to Cushman

LOS ANGELES--Michael Prabhu joins the Cushman as US head of property management, bringing with him 20 years of senior leadership experience at JLL, GlobeSt.com reports EXCLUSIVELY .



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Wednesday, August 20, 2014

Juanita Tate Marketplace Opens Doors

LOS ANGELES--The $21-million, 77,000-square-foot outdoor retail center opens with CVS/pharmacy and Northgate Market as anchor tenants.



via Los Angeles http://www.globest.com/news/12_927/losangeles/development/Juanita-Tate-Marketplace-Opens-Doors-349509.html?CMP=OTC-RSS

Shea Properties Buys 10 Acres

ALHAMBRA, CA--The developer plans a mixed-use complex with 260 luxury apartment units and 140,000 square feet of retail on the land plot, which is located on the corner of Main Street and Garfield Avenue.



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Tuesday, August 19, 2014

Western Plaza Gets $21M

LOS ANGELES--Western Avenue Capital, owners of the 115,000-square-foot shopping center, secures a 10-year loan to refinance existing short-term debt.



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Tech Industry Drives Rents Up

LOS ANGELES--According to a recent CBRE report, technology companies account for 20% of major office leasing activity year-to-date.



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Wage Gap Makes Affordable Less So

IRVINE, CA--The higher median income in Orange County than in Los Angeles, coupled with tax-credit rules, prevent tenants from affording OC's affordable-housing rents, WNC's Michael Gaber tells GlobeSt.com in this UPDATE .



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More Than Excess Capital Drives CRE Financing

LOS ANGELES--In this EXCLUSIVE Q&A, five George Smith Partners principals discuss the forces driving the availability of commercial real estate financing within each sector, from retail, multifamily and development to CMBS and debt.



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Monday, August 18, 2014

Griffin REIT Acquires Charlotte, Tampa Office Buildings

CHARLOTTE, NC--Los Angeles-based Griffin Capital Corp., on behalf of its Griffin Capital Essential Asset REIT, announced the acquisition of a total of two Class A office properties in Charlotte and Largo, FL.



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EVOQ Properties Sold for $357M

LOS ANGELES--A partnership between Atlas Capital Investors III, Square Mile Capital Management and USAA Real Estate Co. buys the company for its significant downtown portfolio.



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Rare Hollywood Apartment Complex Trades Hands

LOS ANGELES--CGI Real Estate acquires the Villa Carlotta, a 46,000-square-foot and 50-unit apartment building circa 1926 in Franklin Village for $12.2 million.



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Friday, August 15, 2014

$24M Secured for 60-Acre Land Buy

LOS ANGELES--J. Fam LLC will use the funds to develop 110 condominium units and 224 single-family detached homes on the fully entailed land, which was originally purchased in 2011.



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$202M Apartment Complex Opens Doors

VENICE, CA--The Lincoln Place Apartment Homes development includes the rehabilitation of 45 buildings and a total of 696 units and the ground-up construction of 99 apartment homes.



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Movie Theater Chain Expands West

LOS ANGELES--Texas-based Alamo Drafthouse Cinema signs a lease for its first West Coast location with the Ratkovich Co.'s $180 million downtown development, the Bloc.



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Thursday, August 14, 2014

Asian Investor Renews Lease After $105M Buy

LOS ANGELES--Shenzhen Hazens Real Estate Group Co. buys the Luxe City Center Hotel and two adjacent plots, and renews the hotel lease for five years.



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Rexford Industrial Prices 15M SharesRexford Industrial Prices 15M Shares

LOS ANGELES--The industrial REIT offers common stock shares with plans to apply the capital gains to repay debts and fund potential acquisition opportunities.



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JV Buys Historic Figueroa Hotel

LOS ANGELES--New owners GreenOak Real Estate Advisors and Urban Lifestyle Hotel Group plan a major renovation for the 1925 285-guestroom hotel, GlobeSt.com reports EXCLUSIVELY .



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Wednesday, August 13, 2014

Design Plans Unveiled for Howard Hughes Build

LOS ANGELES--TCA Architects and Equity Residential begin construction on the Altitude at Howard Hughes Center, a luxury 545-unit multifamily complex scheduled to open in 2016.



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Retail Users Flock to The Runway

PLAYA VISTA, CA--The mixed-use development signs leases with eight new retail and restaurant tenants in preparation for holiday shopping seasons and the property's Q1 2015 grand opening date.



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Tuesday, August 12, 2014

New Multifamily Build Sells Above Asking

LOS ANGELES--Developer Canfield Development sells The Azure, a 28-unit apartment complex on the Westside, to a private investor for $15 million in a 1031 exchange, GlobeSt.com reports EXCLUSIVELY .



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DT Creative Office Trades Hands

LOS ANGELES--West Washington Properties sells the 12-story, 186,000-square-foot office building, which is leased by 50 creative companies, to a private investor for $19 million.



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State's Urban Areas See Job Growth

LOS ANGELES--According to the latest Beacon Economics report, California will experience steady growth through 2019 with job growth settling at 2.5%, but rising housing costs are the state's biggest problem.



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Partner Expands Hygiene Practice

LOS ANGELES--Douglas Lawson joins the firm as technical director of industrial hygiene, where he will help the growing department identify health and safety risks in commercial buildings.



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Monday, August 11, 2014

Decron Properties Targets Young Families

CHINO HILLS, CA--The investor and developer focuses on multifamily investments in infill suburban submarkets to tap young families rather than the millennial generation, GlobeSt.com reports in this UPDATE to a previous story.



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UC Buys Two-Parcel Retail Property

SANTA MONICA, CA--The Regents of the University of California buys the 37,500-square-foot property from PCM for $20.2 million, earning PCM a potential book gain of $15 million.



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Dr. Pave Begins Selling Franchises

LOS ANGELES--With massive success since relocating its headquarters to Gardena, the asphalt repair company is expanding with global franchises that cost $80,000 to $150,000.



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Friday, August 8, 2014

Decron Spends $82.2M on Apartment Complex

CHINO HILLS, CA--The real estate investor purchases the 440-unit, 22-aces apartment complex from Invesco Real Estate with plans to invest an additional $9.2 million on upgrades and renovations.



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Wanda Group Makes $1.2B Land Buy

BEVERLY HILLS, CA--The Asian developer beats out 10 offers to purchase a plot of land on Wilshire Boulevard to develop a luxury mixed-use complex.



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Rockefeller Completes First Retail Build

TEJON RANCH, CA--Rockefeller Group partners with Tejon Ranch Co. to develop its first retail project, the Outlets at Tejon, which held its grand opening yesterday, GlobeSt.com reports in this UPDATE to a previous story.



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A Big Appetite for Small Meals

LOS ANGELES--What is driving the consolidation of mid-sized banks and why is there an increased appetite among larger investment firms for smaller deals in non-core markets? Find out the answers in this EXCLUSIVE Q&A on the subject.



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Thursday, August 7, 2014

Class-A Office Build Fetches $49M

BURBANK, CA--Legacy Partners Realty Fund I attracts nearly 10 institutional buyers with the sale of its 10-story, 150,000-square-foot building, eventually selling the asset to Granite Properties.



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Ocean Avenue South Apartments Open

SANTA MONICA, CA--The Belmar multifamily building at the $350 million mixed-use complex opens with 100% occupancy and a tenant waiting list.



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Industrial Market Faces Supply Challenges

LOS ANGELES--Lee & Associates national industrial market report shows that Central Los Angeles is one of the nation's top industrial markets, and covers the market's strengths and challenges, GlobeSt.com reports in this UPDATE to a previous story.



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Wednesday, August 6, 2014

Fund JV Snags Multifamily Properties

LOS ANGELES--Canyon Capital Realty Advisors' Canyon Catalyst Fund and Sack Properties acquire two multifamily properties totaling 221 units in West Covina, CA, and Upland, CA.



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Beverly Connection Lands $210M

LOS ANGELES--Ashkenazy Acquisition Corp. secures the 10-year, fixed-rate CMBS loan for the purchase of the 335,000-square-foot shopping center, which was reportedly sold for $260 million.



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$90M Outlet Center Opens Doors

TEJON RANCH, CA--The Rockefeller Group and Tejon Ranch Co.'s 320,000-square-foot retail center Outlets at Tejon holds its official grand opening tomorrow.



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Tuesday, August 5, 2014

SpaceX Headquarters Fetches $47M

HAWTHORNE, CA--East Coast REIT Chambers Street acquires the Space Exploration Technologies Corp. facility, a 510,000-square-foot industrial property.



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Two OMP Industrial Builds Fly

CITY OF INDUSTRY, CA--Overton Moore Properties sells two industrial developments at the Don Julian Business Center to two separate buyers for a combined $12 million.



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Entertainment Co. Buys Industrial Facility

PACOIMA, CA--Entertainment equipment supplier Mole Richardson Co. purchases a 108,000-square-foot industrial facility because of the concentration of entertainment companies in the market.



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CBRE Acquires German Management Group

LOS ANGELES--Acquisition means that 100 professionals will be integrated into CBRE's European Building Consultancy Group.



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Monday, August 4, 2014

Demand Grows for Medical Office

ENCINO, CA--Seven medical office users lease more than 20,000 square feet of space in the Encino market, illustrating a growing demand for medical office space, according to NAI Capital's Jeremy Barbakow, GlobeSt.com reports EXCLUSIVELY .



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Industrial Vacancy Falls Nearly 2%

LOS ANGELES--In this EXCLUSIVE story, Lee & Associates shares its first ever 2Q14 national industrial report, which shows central Los Angeles is among the top US industrial markets.



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Kilroy Reports Strong NOI Growth

LOS ANGELES--The REIT's 2Q14 earnings show NOI growth of $0.04 higher than original analyst estimates, and an FFO of $0.72 per share, $0.01 above estimates.



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Friday, August 1, 2014

Oaktree Launches $3B Fund VII

LOS ANGELES--Seven months after closing its sixth fund with $2.7 billion, Oaktree Capital Management launches a seventh fund that aims to raise $3 billion and offers an 8% preferred return.



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UTA Plaza and Ice House Trade Hands

BEVERLY HILLS, CA--The Rockefeller Group Investment Management Corp. acquires the two four-story office properties, which have a total of 191,000-square-feet and leases with Playboy Enterprises and United Talent Agency.



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Refi Bank Loan Mimics CMBS

LOS ANGELES--Local investor WJM LLC secures $15.7 million in first mortgage debt with many of the same benefits of CMBS to refinance a 110,000-square-foot retail and office building in Downtown Los Angeles' jewelry district.



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