U.S. Bank Renews DT Lease

LOS ANGELES--OUE Limited inks a 10-year lease renewal with the tenant for 105,000 square feet with the option to extend at the U.S. Bank Tower.



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Four Tenants Sign at Sunset Media Center

LOS ANGELES--The 321,883-square-foot office campus signs leases with Tax Credit Co., Inside Weddings, Wind Dancer Films and DHX Media, totaling 21,848 square feet.



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Toyota Employees Reap Benefits of Texas Move

LOS ANGELES--Toyota Financial employees could encounter serious financial benefits from moving, while the South Bay market will see immediate impact, GlobeSt.com reports in this UPDATE to a previous story.



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Caruso Develops Penthouses at the Americana

GLENDALE, CA--Caruso Affiliated begins the multimillion-dollar renovation of 16 top-floor apartments into "the Penthouses," one- and two-bedroom units with more than 40 upgrades.



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PacMutual Building Replace Equity Partner

LOS ANGELES--Rising Realty Partners recapitalizes the historic building with Lionstone Investments, which has replaced the former equity partner Mount Kellett Capital Management.



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Solar Rooftop Program Helps Low-Income Areas

LOS ANGELES--A report from the Los Angeles Business Council reveals the potential benefits the solar rooftop program could have on low-income communities.



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Toyota Pulls Headquarters Out of Torrance

LOS ANGELES--Toyota moves its North American corporate headquarters, including manufacturing, sales and marketing, from Torrance to North Plano, Texas.



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Self-Storage Vacancy Falls Below National Average

LOS ANGELES--Self-storage vacancy falls to 11% in the first part of 2014, 160 basis points below the national average, according the latest research from Marcus & Millichap.



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Medical Office Building Secures $40M

BEVERLY HILLS, CA--Starpoint Properties LLC borrows the funds to refinance senior debt on its 101,653-square-foot medical office building.



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Rexford Industrial Expands SoCal Portfolio

LOS ANGELES--The REIT acquires two industrial facilities totaling 218,768 square feet in Torrance and Seal Beach for $24.9 million.



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Wilshire Grand Construction Stays On Track

LOS ANGELES--Almost three months into construction, the project's leaders gather at the Elevate Lounge to give an inside look at the $1-billion development.



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Farmers Wilshire Campus Trades Hands

LOS ANGELES--Farmers Insurance and CIM Group enter into a sale-leaseback agreement for the 10-acre Wilshire Campus and location of Farmer's Home Office.



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Developer Buys 8-Acre Industrial Site

THOUSAND OAKS, CA--Conejo Merchant Ltd. plans to build a 75,000-square-foot, for-sale hybrid facility with commercial planned space and commercial condominiums.



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Terrena Apartments Nears Full Occupancy

NORTHRIDGE, CA--Just eight months after holding a grand opening, the TCA-designed multifamily and mixed-use complex reaches 72% occupancy.



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$105M Wilshire La Brea Complex Opens Doors

LOS ANGELES--Bernards completes construction of the 478-unit, six-story, 800,000-square-foot mixed-use development in Mid-Wilshire.



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Westside Office Leases Expand

LOS ANGELES--US International Media expands its Westside office lease by 30%, occupying over 18,000 square feet on the seventh floor of the Sepulveda Center.



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Sunset Bronson Begins $150M Expansion

LOS ANGELES--Hudson Pacific Properties starts construction on Icon at Sunset Bronson Studio, a high-tech creative office building that will serve as the centerpiece of a $150-million studio expansion.



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Upward Adjustment in Cap Rates?

LOS ANGELES--In this EXCLUSIVE Q&A, GlobeSt.com chats with two CBRE executives on what happens when over-abundance of capital combines with a lack of inventory and what the future holds.



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Recession's In the Past for Many Metros' Home Values

SEATTLE--Zillow's chief economist, Stan Humphries, says affordability has become a challenge again in a handful of markets.



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Creative Office Campus Lands $40M

LOS ANGELES--bLAckwelder, a 150,627-square-foot creative office campus under development, secures a $40.1-million bridge and construction loan to complete construction of six remaining buildings.



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CBRE Names Lew Horne President

LOS ANGELES--CBRE promotes Lew Horn to president of greater Los Angeles and Orange County, GlobeSt.com reports in this EXCLUSIVE story.



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Lakeview MF Project Adds Needed Supply

YORBA LINDA, CA--ETCO Homes receives a $6.5-million bridge loan from Karlin Real Estate to finance recapitalization of the 4.68-acre land parcel here where the much-needed project is being developed.



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Boutique Hotel Build Gets Architect

HERMOSA BEACH, CA--Bolour Associates and Provenance Hotels names HKS Hill Glazier Studio as the architect of its boutique beachfront hotel.



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Small Industrial Builds Fly Off Market

LOS ANGELES--Two new-construction industrial buildings in Santa Fe Springs, CA, totaling 96,464 square feet, trade hands for a combined $14 million.



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Dinerstein Luxury Apartment Build Opens Doors

LOS ANGELES--Dinerstein Cos. welcomes residents to its new LEED-certified, 196-unit luxury apartment community, Millennium del Rey.



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CoreNet Global Names Board of Directors

LOS ANGELES--CoreNet Global's new board will be led by chair Kelly Reenders of San Bernardino County of San Bernardino and president David Callahan of Avison Young.



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The Olson Co. Rezones 6.3 Industrial Acres

TEMPLE CITY, CA--The Olson Co. acquires an irregularly shaped parcel of industrial land with plans to build 74 homes, changing the zoning from industrial to residential.



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TruAmerica Expands, Adds Four Team Members

LOS ANGELES--TruAmerica hires four staff members to its asset management and acquisitions teams in the firm's Los Angeles and Newport Beach offices.



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Triple Net-Lease Assets Fetch $32M

LOS ANGELES--Two Southern California triple-net lease assets in Santa Barbara, CA, and Pasadena, CA trade hands for a combined $32 million.



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Private Investor Plucks Aerospace Property

POMONA, CA--A joint venture between Lincoln Property Co. and Morgan Stanley Real Estate Fund sells the 134,500-square-foot Hamilton Sundstrand building in Pomona's Aerospace corridor, GlobeSt.com reports EXCLUSIVELY .



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Realty Mogul Crowdfunds First Hotel

LOS ANGELES--Crowdfunding platform Realty Mogul adds the Hard Rock Hotel Palm Springs to its inventory of available assets, the first hotel to be offered for investment by a crowdfunding platform.



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Johnson Capital Arranges $100M for Farmers Market

IRVINE, CA--The locally based office arranges the credit facility secured by the landmark Farmers Market property in Los Angeles for an entity controlled by long-time site holder A.F. Gilmore Co.



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Investor Secures $32M for Apartment Refi

NORTHRIDGE, CA--A private investor secures a $32-million loan through a life company to refinance the 447-unit Park Parthenia Apartments.



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DT Historic Broadway Building Trades Hands

LOS ANGELES--Waterbridge Capital agrees to acquire the 1-million-square-foot Broadway Trade Center in Downtown Los Angeles with plans to convert the historic building into a mixed-use complex.



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JLL Brings Self-Storage Specialist Aboard

LOS ANGELES--Brian Somoza, JLL's new managing director focusing on the sales and acquisitions of self-storage properties, talks about why the self-storage sector is outperforming other class assets in this EXCLUSIVE Q&A.



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Waldorf Astoria Plans Premier West Coast Hotel

BEVERLY HILLS, CA--Waldorf Astoria unveils design plans for a new Beverly Hills hotel, the luxury chain's first West Coast hotel in its 24-property portfolio.



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DTLA's Largest Industrial Deal Closes

LOS ANGELES--The 123,600-square-foot Coca-Cola plant trades hands for $19 million, marking the downtown submarket's largest industrial sale in 36 months.



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DivcoWest Closes on Office Portfolio

EL SEGUNDO, CA--DivcoWest acquires Gateway El Segundo, a five-building, 343,500-square-foot office and retail portfolio.



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Lotus, Trigate Joint Venture Makes First Buy

LONG BEACH, CA--The new joint venture between Trigate Capital and Lotus Real Estate Partners plans to invest $60 million in the Southern California market.



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Office Properties Offer Better Yields

LONG BEACH, CA--After closing two major office property acquisitions in the last month, Parallel Capital Partners president Matt Root talks to reporter Kelsi Maree Borland about the company's attraction to well-priced office properties, in this UPDATE to a previous story.



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Constellation Plans Solar Generation System

PALMDALE, CA--Constellation plans to build a 976-kilowatt DC solar generation system that will help the city meet state mandates for renewable energy production.



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Latitude Boosts Senior Leadership

LOS ANGELES--Latitude Management Real Estate Capital hires R.J. Richter as principal, in charge of origination, structuring and closing of debt and equity investments across all property sectors.



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USC Launches Global Real Estate Program

LOS ANGELES--William J. McMorrow gives a substantial gift to the USC Marshall School of Business to create a global real estate program.



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Construction Begins on $22M LAPD Station

LOS ANGELES--Bernards begins construction of the new Northeast-area police station, a 56,000-square-foot facility valued at $22.5 million.



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CBRE Hires Bertke to Lead Asset Services' East Region Operations

COLUMBUS, OH--CBRE Group has named Norman Bertke as executive managing director of its asset services east region. Bertke, who will be responsible for leading the east region's operations, will be based in Columbus, OH.



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Bascom Group Grows SoCal Multifamily Portfolio

LOS ANGELES--The Bascom Group acquires Four Winds Apartments, a 138-unit apartment complex, for $13.4 million, the company's second Southern California acquisition in two months.



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Value-Add Investment Activity Picks Up Steam

LOS ANGELES--According to experts on a CBRE capital markets panel, competition in the debt market is fueling investments in both primary and secondary markets.



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Mission Oaks Office Building Trades Hands

CAMARILLO, CA--A private investment group acquires an 80,000-square-foot office building in the Mission Oaks Professional Center for $12.8 million, GlobeSt.com reports in this EXCLUSIVE story.



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Historic Citizen News Building Trades Hands

HOLLYWOOD, CA--Brentwood Capital Partners sells the Citizen News Building, a historic office building constructed in 1930, to SE Edinger LLC for $14.5 million.



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TCA Plans $165M Multifamily Build

MARINA DEL REY, CA--TCA unveils plans for the Amli Residential apartment development, a 585-unit mixed-use complex on a 10.4-acre, waterfront plot, which is set to break ground this summer.



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Kennedy Wilson Hires Senior Managing Director

LOS ANGELES--J. Eric Johnson joins Kennedy Wilson as senior managing director of the firm's property services group, giving him the task of expanding the firm's national leasing and management operations.



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Shoreline Square Office Tower Fetches $102M

LONG BEACH, CA--San Diego-based Parallel Capital Partners acquires the 20-story, LEED-certified, class-A office tower, marking the firm's second Southern California acquisition in two weeks.



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TruAmerica Nears $1B Portfolio Goal

LOS ANGELES--The real estate investment firm completes two acquisitions in Seattle and Denver totaling $82 million, bringing the firm's portfolio to $293 million and closer to its 2015 goal of $1 billion.



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Vintage Real Estate Acquires Southlake Mall

MORROW, GA--Los Angeles-based Vintage Real Estate has acquired the 1-million-square-foot foreclosed Southlake Mall here. The firm says it has immediate plans to undertake significant capital investments to bring in new tenants and restaurants and upgrade the common areas.



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HCP Bumps Credit Facility to $2B

LOS ANGELES--HCP, a fully integrated REIT, increases its revolving credit facility by $500 million with renewed commitment from 100% of the company's lenders.



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Creative Co. Signs Record-Breaking Lease

LOS ANGELES--SAE Institute signs a lease for a 41,000-squre-foot space at Hollywood Office Campus in what is one of the market's largest office lease transaction in years.



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Edgar Khalatian Joins Mayer Brown

LOS ANGELES--Khalatian joins the firm as partner of the government and global trade group, representing investors and developers in real estate transactions.



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42-Acre Land Site Trades Hands

UPLAND, CA--An LGB Real Estate affiliate, Allied Retail Partners, sells a 42-acre land site entitled for 400 multifamily units and 100,000 square feet of commercial space to an institutional investor for $48 million.



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Crowdfunding's Acceptance by CRE 'Inevitable'

LOS ANGELES--While it's still early in the game, two crowdfunding-platform executives tell Carrie Rossenfeld that this form of fundraising will soon be commonplace in commercial real estate in this UPDATE to an earlier story.



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After Hours With JLL's Aaron Ahlburn

LOS ANGELES--The need for teamwork, being able to rely on your teammates and helping them when needed helps this JLL industry executive both in the office and in the outdoors.



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PacMutual Building Inks 56 Leases

LOS ANGELES--The new LEED-certification of the PacMutual Building brings 56 new tenants to the building, raising occupancy from 50% to 90%, GlobeSt.com reports in this UPDATE to a previous story.



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