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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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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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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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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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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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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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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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.



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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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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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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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$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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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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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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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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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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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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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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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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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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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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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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