ARE's 2Q Earnings Outperform Estimates

LOS ANGELES--Alexandria Real Estate Equities reports a 2Q14 FFO of $1.19, surpassing analysts estimates by $0.01 per share, which was driven by low interest expenses.



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Glaser Weil Adds New Partner

LOS ANGELES--Joseph Brajevich joins the law firm's government and regulatory group as a partner, marking the third senior attorney to join the group this year.



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Foreign Investor Scoops Financial Center

GLENDALE, CA--An unnamed foreign investor buys the 122,151-square-foot Glendale Financial Center from Cambra/Angelo Gordon for $27.2 million.



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AECOM Expands Construction Business

LOS ANGELES--AECOM plans to acquire Hunt Construction Co., a company with 700 employees, nine US offices and $1.2 billion in revenues.



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Marriott Warner Center Fetches $90M

WOODLAND HILLS, CA--Laurus Corp. acquires the 16-story, 474-room hotel and plans to invest an additional $10 million in upgrades and renovations to the hotel's common areas and guestrooms.



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South Bay Housing Demand Outweighs Supply

PLAYA VISTA, CA--KB Homes focuses on land-constrained coastal communities for its new development, like the recently unveiled Asher and Skylar in Playa Vista, GlobeSt.com reports in this UPDATE to a previous story.



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Columbia Square Signs First Tenant

LOS ANGELES--Kilroy Realty signs a 15-year lease with NeueHouse for 93,000 square feet of radio and business buildings at Columbia Square, the mixed-use office complex currently under construction in Hollywood.



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LA Investor Acquires Two Walgreen's Stores

LOS ANGELES--Los Angeles Car Wash Coporation, has purchased properties in Washington and in El Paso, TX, and will continue to operate as Walgreen's.



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Infill Industrial Property Fetches $21M

LOS ANGELES--CT Realty buys a 325,800-square-foot industrial property set on 14.7 acres in a prime City of Industry infill market from W.P. Carey.



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JH Snyder's Vermont Sells Above Asking

LOS ANGELES--According to Jerry Snyder of seller J.H. Snyder, the Vermont, which was purchased by a partnership between TruAmerica Multifamily Capri Capital, attracts high interest from buyers, GlobeSt.com reports in an UPDATE to a previous story.



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Unemployment Won't Affect Multifamily Market

LOS ANGELES--The unemployment rate is expected to shrink by only a .5% each year, having little to no affect on the multifamily market, according to StarPoint Properties CEO Paul Daneshrad in this Q&A.



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The Vermont Trades Hands for $283M

LOS ANGELES--Capri Capital Partners and TruAmerica Multifamily partner to buy the 464-unit luxury Koreatown high rise from J.H. Snyder in the state's largest multifamily mixed-use transaction of the year.



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L.A. Market Finally Rivals Bay Area

LOS ANGELES--According to a video report from Allen Matkins and UCLA Anderson, the Los Angeles market is fully recovered and is beginning to catch up to its northern competitor, GlobeSt.com reports EXCLUSIVELY .



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Retail Market Hits Mini Growth Spurt

LOS ANGELES--Kennedy Wilson closes four retail lease transactions that illustrate a miniature uptick in the retail market, according to the firm's Ed Sachse, who represented one of the four tenants in the transactions.



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California New Construction Stays Strong

LOS ANGELES--A new report from UCLA Anderson and Allen Matkins shows new construction in California will continue to increase through 2017, GlobeSt.com reports in this EXCLUSIVE story.



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KB Opens Two New Home Communities

PLAYA VISTA, CA--Asher, a collection of 36 detached homes, and the Skylar, a 93-unit condominium complex, two new community developments from KB Homes, are one of the last ownership opportunities in Playa Vista.



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Ports Drive SoCal Industrial Market

NEWPORT BEACH, CA--After REDA Bascom Ventures breaks ground on two industrial developments in Southern California, GlobeSt.com sits down with principal Jason Krotts to talk about the new developments and why the firm is so bullish on Southern California, GlobeSt.com reports in this UPDATE to a previous story.



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New Builds Must Embrace Regional Beauty

LOS ANGELES--Developers are now more than ever building product that caters to the lifestyle of its residents and not just maximizing rentable square footage.



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Xceligent to Double SoCal Footprint

LOS ANGELES--Fresh on the heels of its successful industrial launch in the Los Angeles Basin, the data management firm is set to do the same for office.



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Ocean Avenue South Signs First Tenants

LOS ANGELES--Three culinary brands--Joan's On Third, Starbucks Evening and Searsucker--sign the first leases at the recently opened luxury condo development.



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2M-SF Industrial Build Nears Completion

POMONA, CA--Seventh Street's 91-acre Mission 71 Business Park enters the final construction phase, a 500,000-square-foot, $40-million, 23-acre facility with four buildings.



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REDA Launches Two Industrial Builds

NEWPORT BEACH, CA--A joint venture between the Bascom Group and Real Estate Development Associates is behind the two speculative projects, totaling 500,000 square feet and located in the Inland Empire and Los Angeles.



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First Hotel Crowdfunded Hotel Sells Out

LOS ANGELES--In a general solicitation, RealtyMogul completes a capital raise for the Hard Rock Palm Springs with 85 investors contributing $10,000 to $150,000, GlobeSt.com reports in this UPDATE to a previous story.



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Office Vacancy Drops by 2.4%

SAN DIMAS, CA--180 Via Verde LLC acquires a 50,031-square-foot office building and signs a 33,000-square-foot lease with Emergency Groups' Office, decreasing the markets vacancy rate significantly.



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Why Millennial Investors Love Real Estate

LOS ANGELES--Millennial investors seem to understand that a well-balanced portfolio shouldn't just consist of traditional blue-chip equities and bonds, but a variety of asset classes, says AssetAvenue's David Manshoory in this EXCLUSIVE Q&A.



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Bill Tryon Joins Partner Engineering

TORRANCE, CA--The strategic commercial real estate risk management expert joins the due diligence firm to focus on expanding environmental, engineering and construction risk management initiatives.



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Commercial Exchange Building Trades Hands

LOS ANGELES--New York-based developer Sydell Group purchases the 13-story, 118,849-square-foot historic building from a group of private investors with plans to transform the building into a boutique hotel.



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Nadel Completes Retail Renovation

MOORPARK, CA--The architectural firm unveils the Moorpark Town Center, a 140,000-square-foot shopping center, after more than two years of exterior renovations.



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Directv Goes LEED Platinum

EL SEGUNDO, CA--The TV provider completes renovations of its 299,000-square-foot headquarters to achieve green building standards, including the installation of Energy Star appliances and LED lighting.



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Two-Property Portfolio Fetches $42M

PASADENA, CA--A private investor purchases the portfolio, which consists of two multifamily buildings totaling 91 units and two freestanding retail buildings.



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Colony Financial Earns $336M in Public Offering

LOS ANGELES--The company prices 15 million shares of common stock and expects to earn more than $300 million after underwriting discounts and commissions.



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CBRE Acquires US Equities

CHICAGO--The Los Angeles-based global firm has deepened its presence in the Chicago area by combining with a prestigious local provider.



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Universal Music Renews 200,000-SF Lease

LOS ANGELES--The world's leading music company signs a 10-year lease renewal and extension for its headquarters office in Santa Monica.



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Office Building Lands $25M, 85% LTV Loan

LOS ANGELES--A Beverly Hills investor secures the debt financing loan to recapitalize leasehold interest of its class-A five-story, 68,423-square-foot office building, GlobeSt.com reports EXCLUSIVELY .



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CBRE Scores 2014 Digie Award

LOS ANGELES--CBRE's Lew Horne talks to GlobeSt.com about the how the Workplace 360 open-office concept, which helped the firm earn a Digie award for best automation, is working 10 months later.



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TruAmerica Lands $169M Loan

LOS ANGELES--CBRE capital markets debt and structure finance team secure the funds on behalf of the borrower for the $229 million purchase of the Berkshire Group portfolio, GlobeSt.com reports in this UPDATE to a previous story.



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Kennedy Wilson Leases Remaining Office Space

THOUSAND OAKS--Pacific Compensation Insurance Co. signs a 53,214-square-foot lease at Kennedy Wilson's the Oaks office building, bringing the office building to 100% occupancy.



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Rental Units Reign Supreme

LOS ANGELES--With more than 1,000 units currently under development, Century West Partners talks with reporter Kelsi Maree Borland about how the multifamily market is evolving in this EXCLUSIVE Q&A.



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CorAmerica Acquired by Harbinger Group

NEW YORK CITY--The newly purchased firm will have operation here as well as in Los Angeles and Des Moines, IA.



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AECOM Buys URS Corp. for $4B

LOS ANGELES--The two companies enter an agreement for AECOM to purchase all outstanding shares of URS Corp. with a combination of cash and stock and the assumption of URS debt.



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Rent Café Helps Boost MF Occupancy

SANTA BARBARA, CA--Property management company Terragon enlists the online resident platform and achieves nearly full occupancy in its Washington State apartment buildings.



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Expert: SoCal Market Extremely Overheated

SHERMAN OAKS, CA--Lee & Associates' Warren Berzack, one of Real Estate Forum's "SoCal Tomorrow's Leaders," says due to both lack of inventory and the tremendous amount of cash on the sidelines, prices are driven to extreme levels.



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8-Acre Entitled Site Trades Hands

LOS ANGELES--OMP buys an entitled retail and industrial site in the San Fernando Valley with plans to develop four industrial condominium units and retail space.



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Rexford Continues Portfolio Expansion

LOS ANGELES--The industrial REIT buys Avenue 32, a 100,500-square-foot industrial property in the East San Fernando Valley for $11 million, bringing its year-to-date investments to $196 million.



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Young Tech Entrepreneurs Fill Office Market

LOS ANGELES--Jon Azulay, Real Estate Forum's "SoCal Tomorrow's Leaders," says the office market is becoming a ripe environment for young startup companies to lay roots.



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Tech Company Inks HQ Lease

AGOURA HILLS, CA--Online services firm TouchCommerce moves its corporate headquarters to a new space in Agoura Hills, and signs a plug-and-play lease to accommodate future growth.



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Industrial Warehouse Trades Hands

COMPTON, CA--A private investor acquires a recently upgraded 149,654-square-foot industrial property from Prudential Real Estate Investors.



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AEG Inks Downtown Office Lease

LOS ANGELES--The company leases Lincoln Property Co.'s the Desmond Building, an 82,000-square-foot creative office building in South Park, for the headquarters of its ticketing and live entertainment divisions.



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Laurus Corp. Names New CFO

LOS ANGELES--Douglas S. Kiel, a 25-year real estate veteran, joins the firm from Makar Properties, where he served as chief operating and finance officer for 14 years.



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Beverly Connection Fetches $260M

New York-based Vornado Realty Trust sells the 335,000-square-foot shopping center in a nearly all-cash transaction where only $21 million was financed, GlobeSt.com reports in this UPDATE to a previous story.



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Demand Up Across All Sectors

LOS ANGELES--According to the Q2 reports from CBRE, all of the CRE sectors are experiencing increased leasing activity and declining vacancy rates.



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Griffin Debuts Closed-End Institutional Fund

LOS ANGELES--Portfolio manager Randy Anderson says the combination of public and private investments provides "a recipe for success for many investors in today's market."



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American Tire Moves West Coast Offices

LOS ANGELES--The manufacturer leases an additional 300,000 square feet at Paramount Logistics Park, bringing its leased space to 1.6 million square feet, to consolidate its West Coast operations at the industrial park, GlobeSt.com reports in this UPDATE to a previous story.



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Ben Kim Named Allen Matkins Partner

LOS ANGELES--Kim joins the real estate and business law firm's litigation department as a partner in the labor and employment and class action practice groups.



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Rialto Theater Hits the Market

PASADENA, CA--The Jebbia Family Trust is working with the City of Pasadena to find new owners for the historic single-screen movie theater, a registered national landmark property.



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Karine Clark Joins Bolour Associates

LOS ANGELES--The firm expands its private lending team with the addition of the 25-year real estate veteran, who will serve as senior director of lending in the firm's Los Angeles office.



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Voit Makes Strategic L.A. Move

TORRANCE, CA--The real estate services firm moves offices from Commerce, CA, to Torrance, CA, to "better serve the demand" in the dynamic Los Angeles market, according to managing director Ian Britton.



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Westcore Strikes in Prime Industrial Market

LOS ANGELES--The real estate investment firm sells a nine-building industrial portfolio to Rexford Industrial, taking advantage of the strong demand in the marketplace, GlobeSt.com reports in this UPDATE to a previous story.



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California Firm Acquires Ramada Hialeah Miami Airport Hotel

MIAMI--Los Angeles-based Urban Commons LLC reports it has acquired the 254-room Ramada Hialeah Miami Airport Hotel here.



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Avison Young Recruits Gail Goldstein

LOS ANGELES--The 25-year industry veteran joins the firm as SVP, focusing on agency leasing and leveraging her experience as an institutional landlord to help expand the firm's business, GlobeSt.com reports EXCLUSIVELY .



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Latitude 34 Trades Hands for $133M

PLAYA VISTA, CA--ASB Real Estate Investments' Allegiance Real Estate Fund, a $3.2 billion investment vehicle, sells the 301,642-square-foot office complex to Clarion Partners.



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Luxury Build Signs Tenants, Hires Management

LA VERNE, CA--The newly completed La Verne Village mixed-use complex signs six new tenants to its retail units and hires Western National Property Management to oversee the complex.



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Senior Housing Site Fetches $22M

LOS ANGELES--Vitus Group acquires Christ Unity Manor, a 156-unit affordable living senior housing complex, from Christ Unity Church in a sale that took a lengthy eight months due to the government sequestration.



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Elevon Development Nears Completion

EL SEGUNDO, CA--Continental Development Corp. and Mar Ventures, the developer behind the $100-million, 15-building creative office development with for-sale units, raises the walls of its first building.



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Asset Value Crucial to REIT Buys

LOS ANGELES--More than just making a spread, if the value of a property isn't there, REITs aren't interested, say panelists at RealShare National Investment & Finance.



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Elizabeth Braman, CCIM, Joins Realty Mogul

LOS ANGELES--The former ReadyCap Commercial executive joins the crowdfunding platform as chief production officer, overseeing equity and debt investments.



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Nine-Building Industrial Portfolio Fetches $89M

LOS ANGELES--Rexford Industrial purchases the 817,166-square-foot portfolio, which has properties throughout Southern California, bringing its year-to-date investments to nearly $100 million.



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$172M Dual-Branded Marriott Opens

LOS ANGELES--The first hotel of its kind to feature both Courtyard by Marriott and Residence Inn L.A. Live rooms on the same floor opens today after two years of development.



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Hairy Deals Don't Scare Bridge Lenders

LOS ANGELES--The more complex a deal, the less competition lenders have, making these otherwise unappealing transactions ideal for non-traditional lenders, say panelists at RealShare National Investment & Finance.



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LC3 Campus Reaches 95% Occupancy

WESTLAKE VILLAGE, CA--Face First signs a five-year lease for one of the last remaining units at the Lindero Canyon Creative Campus, which has gone from 36% occupancy to near full occupancy in two years.



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