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.



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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.



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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.



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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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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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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.



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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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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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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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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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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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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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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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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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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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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.



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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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Swig Company Signs Three Downtown

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



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Ten-Unit Hollywood MF Moves Quickly

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



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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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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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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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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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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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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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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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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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