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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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.



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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.



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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.



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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



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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.



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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.



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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.



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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.



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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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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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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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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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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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$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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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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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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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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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.



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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 .



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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.



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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.



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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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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.



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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.



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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.



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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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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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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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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.



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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.



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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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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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