Lightstone Secures $120M Loan for Gowanus Multifamily

NEW YORK CITY--An affiliate of Lightstone has secured a $120-million construction loan for its 12-story multifamily project in the Gowanus section of Brooklyn.



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Even Koreatown's Non-Ductile Assets Fly Off Market

LOS ANGELES--Unstabilized assets are selling in the Koreatown submarket, as illustrated by the Lion Real Estate Group's recent value-add acquisition of Sherman Apartments, a 60-unit complex with a 42% vacancy.



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Tryperion Closes $50M Fund

LOS ANGELES--The firm's second fund in two years will finance sub-institutional and value-add acquisition opportunities, both joint venture and direct, in the Midwest and West markets.



via Los Angeles http://www.globest.com/news/12_977/losangeles/finance/Tryperion-Closes-50M-Fund-352036.html?CMP=OTC-RSS

CBRE Acquires Swiss Retail Manager

LOS ANGELES--PSM, Zurich, manages a portfolio of 11 shopping centers, totaling 1.4 million square feet.



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5900 Wilshire Occupancy Reaches 90%

LOS ANGELES--After completing a landscaping project and renovations, the Ratkovich Co. property augments its occupancy by 80,000 square feet since the beginning of the year.



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Forestar Land Nabs 230-Acre Deerlake Ranch

LOS ANGELES--The joint venture between Foremost Communities and Starwood Capital Group purchases the parcel to build 314 luxury homes, which, once sold, will generate $500 million in revenue.



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Industry Moguls Remain Bullish

LOS ANGELES--At CCIM Thrive, five CRE leaders and economists take and in depth look at employment, spending and the fed to give a robust depiction of the economy and how it affects the real estate world.



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Stick to Core Values When Investing

LOS ANGELES--Investment panelists at a recent RealShare Apartments conference here say that "you can chase yield if you like, but you will wind up tripping."



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San Pedro Bank Lofts Trade for $24M

LOS ANGELES--The Bascom Group has acquired the 89-unit luxury condominium complex with plans to invest additional capital to upgrade the units and added in high-tech features.



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Travers Realty Corp. and Cresa Merge

LOS ANGELES--The two tenant representation companies merge to create Travers Cresa, a combined firm with 150 employees in the western region and more than 1,000 employees internationally.



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Pathfinder Acquires $50M in Lux Homes

LOS ANGELES--The San Diego-based private equity fund manager uses its $12-million lux home fund and capital from prior funds to purchase 14 homes in the Sunset Strip area for rehabilitation.



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CBRE Employees Are Sold On Workplace360

LOS ANGELES--A year after implementing its hoteling workspace, CBRE reports that 90% of its employees prefer the open office floor plan to the previous traditional office space, while 83% feel more productive.



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Education Wins in Niche Markets

LOS ANGELES--At the CCIM Thrive conference, niche market experts, from net lease to student housing, say that the best way to break into to these flourishing markets is through education.



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Be Cognnizant of Your Property's Reputation

LOS ANGELES--Approximately 75% of Millennials make their decision to purchase based on reviews. Managing your Yelp reviews is critical, say panelists at RealShare Apartments .



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Be Cognoscent of Your Property's Reputation

LOS ANGELES--Approximately 75% of Millennials make their decision to purchase based on reviews. Managing your Yelp reviews is critical, say panelists at RealShare Apartments .



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Education Wins in Niche Markets

LOS ANGELES--At the CCIM Thrive conference, niche market experts, from net lease to student housing, say that the best way to break into to these flourishing markets is through education.



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Be Cognoscente of Your Property's Reputation

LOS ANGELES--Approximately 75% of Millennials make their decision to purchase based on reviews. Managing your Yelp reviews is critical, say panelists at RealShare Apartments .



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Beyond the Fray of Institutional Investment

LOS ANGELES--Panelists at RealShare Apartments look not at the CBD, but the first ring around it as an investment strategy in the multifamily arena.



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Employment Gets Nearly 2% Bump

LOS ANGELES--According to Cushman & Wakefield's 3Q14 office report, employment rates are up, helping the L.A. office market to gain momentum.



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TIAA, Jonathan Rose Launch Affordable MF Fund

NEW YORK CITY--Set to be managed by Rose, the fund will focus on affordable housing preservation in a number of cities.



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LTC Extends Credit Line to $600M

LOS ANGELES--The extension increases the public REIT's aggregate commitment of the lenders to $400 million with the option to extend the credit amount up to $600 million, while extending the maturity to October 2018.



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Despite Slight Slowdown, Demand Remains Robust

LOS ANGELES--Although panelists at RealShare Apartments admit that there might be a slight slowdown in rent growth in some markets, they agree that multifamily is still hot with great fundamentals.



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Carthay Campus Trades Hands for $75M

LOS ANGELES--Douglas Emmett buys the two-building, 216,000-square-foot class-A office campus, bringing its portfolio 61 properties with a total of 15.3 million square feet.



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Private Financing Always In Demand

LOS ANGELES--Eagle Group Financing funds three short-term non-recourse loans totaling $20.4 million, re-illustrating the stable demand for private financing in both good and bad markets.



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JV Nabs Westside Office Park

LOS ANGELES--The Swig Co. and Intercontinental Real Estate Corp. partner to purchase Fox Hills Business Park, a 75,300-square-foot office park, in an all-cash transaction.



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EVOQ Properties Officially Trades Hands

LOS ANGELES--An investor group led by Atlas Capital and Square Mile Capital Management completes the purchase of EVOQ Properties, GlobeSt.com reports in this UPDATE to a previous story.



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National City Tower Fetches $43M

LOS ANGELES--RC Acquisitions acquires the 12-story 118,000-square-foot historic adaptive reuse building in Downtown Los Angeles from National City Towers LLC.



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Multifamily Absorption Expected to be Significant

LOS ANGELES--'If we look back a year from now, we will be pleased with the level of absorption we will see,' agreed panelists at RealShare Apartments 2014 .



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Playing Catch Up on Multifamily Development

LOS ANGELES--One anomaly panelists on the development panel at RealShare Apartments 2014 notice is more high-rise buildings, which they equate to rising construction costs.



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Industrial Park Build Lands $28M

AZUSA, CA--Xebex Realty Partners secures the construction loan to build 10th Street Center, a three-building 342,629-square-foot class-A industrial park on a 21.6-acre site.



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Retail Center Demand Escalates

LOS ANGELES--Two retail centers totaling 128,000 square feet in Los Angeles County trade hands for a total of $29 million, showing that investor demand is at "unprecedented levels."



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Strong Development Caters to Pent-Up Demand

LOS ANGELES--According to RealShare Apartments 2014 panelists from Fannie Mae and Freddie Mac, the current multifamily construction outlook is not worrisome, but instead, "a reasonable number."



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Learning to THRIVE in Interesting Times

LOS ANGELES--As cliches go, "May you live in interesting times" is used more than is actually appropriate. But consider: bonds are wrapped in uncertainty, sources of credit are expanding beyond the traditional vendors, a disruptive lending model is gaining traction, all the while a migration is occuring back to urban cores that's pushing even the value of secondary markets to investment-worthy.



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Kearny Real Estate Recruits New Partner

LOS ANGELES--Greg Galusha joins the real estate investment and management firm as a partner in the Los Angeles office, where he will focus on transaction volume in the L.A. and Orange County region.



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Multifamily Sector Benefits From 'Perfect Storm'

LOS ANGELES-- RealShare Apartments 2014 panelists agree that the sector is still attractive given the inability of many to own a home. Low interest rates, good access to capital and a weak economy have all helped the sector remain healthy, experts say.



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Ness Holdings Expands Multifamily Portfolio

LOS ANGELES--The real estate investor and developer buys three properties totaling 62 units in prime submarkets, and plans to reposition the properties into luxury apartment complexes.



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Law Firm Completes Lease Extension

LOS ANGELES--Manning & Kass, Ellrod, Ramirez, Trester LLP renews and extends its 80,328-square-foot lease in Downtown Los Angeles, where its corporate headquarters has been located since 2006.



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The Lakes Apartment Build Breaks Ground

WEST COVINA, CA--Lennar Multifamily Communities and KTGY Group begin construction on the 450-unit mixed-use complex, which features 20,000 square feet of ground floor retail space.



via Los Angeles http://www.globest.com/news/12_965/losangeles/development/The-Lakes-Apartment-Build-Breaks-Ground-351418.html?CMP=OTC-RSS

Shorenstein Completes $270M Aon Tower Buy

LOS ANGELES--Located at 707 Wilshire Blvd. in the financial district, the purchase of the 1.1-million-square-foot 59%-leased office tower includes an adjacent parking structure, GlobeSt.com reports in this UPDATE to a previous story.



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Dinerstein's Millennium del Rey Trades Hands

MARINA DEL REY, CA--American Realty Advisors buys the newly constructed 196-unit apartment complex from Dinerstein, GlobeSt.com reports in this EXCLUSIVE story.



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Laramar Looks For High-Density

LOS ANGELES--The multifamily owner and investor talks about its urban-centric investment strategy and interest in the Los Angeles submarket after its recent $45-million purchase, GlobeSt.com reports in this UPDATE to a previous story.



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Medical Office Build Scores $32M

TARZANA, CA--A developer secures the funds to build the Ventana Medical Plaza, a class-A 112,500-square-foot, four-floor building that is 70% preleased to a tenant mix that includes RadNet Inc.



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Multifamily Intrigues Institutional Capital

LOS ANGELES--While getting ready for RealShare Apartments, Marc Renard talks to reporter Kelsi Maree Borland about the trends in the multifamily investment sector and what he plans to discuss with on the panel.



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Village Shopping Center Fetches $23M

VENTURA, CA--For the Regency Centers sells the 76,060-square-foot shopping center, which is anchored by a Vons grocery store, to a private investor for the first time in 20 years.



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Mixed-Income Model Works for Affordable Housing

LOS ANGELES--At USC's Casden Real Estate Forecast, experts discuss the need--and limited supply--for affordable housing, looking at everything from development models to demographics.



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Two Office Properties In High Demand

WESTLAKE VILLAGE, CA--Westlake Village City Center and North Ranch Office Building sell to two separate investors, who were attracted to the submarket's low office vacancies.



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Historic Building Trades Hands for $36M

PASADENA, CA--21st Century Techbanq Pasadena LLC acquired the 123,100-square-foot office and retail building from Embarcadero Capital Partners in an off-market transaction.



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Huntington Oaks Center Lands $71M

MONROVIA, CA--The shopping center secures two loans, a senior mortgage loan for $60.5 million and a mezzanine loan for $10.5 million, to replace a $51-million mortgage, GlobeSt.com reports EXCLUSIVELY .



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Leaders Debate Necessity of GSEs

LOS ANGELES--At USC's Casden forecast, David K. Min and Dwight M. Jaffee debate the future of multifamily and the past role of GSEs in the success (or failure) they have provided to the market.



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14-Property Portfolio Fetches $45M

LOS ANGELES--William Holdings sells a multifamily portfolio, with a total of 285 units in the Koreatown and Hollywood submarkets, above asking price, GlobeSt.com reports EXCLUSIVELY .



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CNL Commercial Secures $38M Refi Loan for Sunrise Property

SUNRISE, FL--Orlando, FL-based CNL Commercial Real Estate, Inc. and partner Long Wharf Real Estate Partners of Boston have secured $38.2-million in short-term mortgage debt to refinance its 239,373-square-foot Sawgrass Lakes Center here.



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Multifamily Opportunities Hard to Find

LOS ANGELES--In preparation for RealShare Apartments, commercial real estate expert Ethan Penner talks to reporter Kelsi Maree Borland about the current multifamily market and where it is headed.



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Healthcare Facilities Employ Top Design Trends

LOS ANGELES--In this EXCLUSIVE Q&A, Stan Chiu of HGA Architects and Engineers talks about the evolving healthcare real estate space and how these facilities are using design to attract top talent.



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Gaming Casinos Request Fast-Track Building

SYLMAR, CA--Tutor Perini Construction leverages its 12-year relationship with the Chumash Indian tribe to overcome the challenges of building a Native American gaming facility, GlobeSt.com reports in this UPDATE to a previous story.



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What Makes a Successful P3?

MIAMI--Skanska's Fred Hames tells GlobeSt.com's Jennifer LeClaire successful public-private partnerships require a construction partner specializing in these two areas in part one of this EXCLUSIVE interview.



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Stan Johnson Hires L.A. Lead Broker

LOS ANGELES--Steve Wolff joins the firm as associate director and lead broker, where he will focus on the Southern California net lease investment market.



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The Feminization of the CRE Service Industry

GLENDALE, CA--Women are more involved in the service aspects of commercial real estate and asset and property management, but they're still not the deal decision-makers, Arthur J. Gallagher's Alexandra Glickman tells GlobeSt.com EXCLUSIVELY .



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Mid-Counties Industrial Market Stays Hot

LA MIRADA, CA--A third-party logistics company signs a 254,718-square-foot industrial lease, illustrating the continued strong demand for industrial space in this market.



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DT Flat Apartments Trades Hands

LOS ANGELES--The unnamed buyer of this 205-unit apartment building in Downtown Los Angeles plans to reposition the property to include more onsite amenities, GlobeSt.com reports EXCLUSIVELY .



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Lenders Work Together, Get Higher Yields

LOS ANGELES--In this EXCLUSIVE interview, Lone Oaks Fund's Alexa Mizrahi talks to reporter Kelsi Maree Borland about the trend away from agency lending and the other topics on her mind as she prepares for RealShare Apartments.



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Inglewood Plaza Fetches $27M

LOS ANGELES--CCPT IV and G3H Investments LLC each buy portions of the 101,329-square-foot shopping center from Howard Building LLC.



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Brookfield Tackles Modern Office Design

LOS ANGELES--John Barganski, SVP of leasing of the western region for Brookfield, talks about the DesignHive by Brookfield, a newly launched collection of office suites that address modern office design, in this EXCLUSIVE interview.



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West Coast Sees Better CRE Returns

LOS ANGELES--Industry leaders at Allen Matkins View From the Top conference offer insights into the real estate investment market in this video obtained EXCLUSIVELY by GlobeSt.com.



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Tutor Perini Wins $112M Contract

SYLMAR, CA--The developer will build an expansion the Chumash Casino Resort, which will include a 215-room hotel, in the Santa Ynez Valley for the Santa Ynez Band of Chumash Indians.



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Cautious Asian Retailers Look to US

CHICAGO--The burgeoning middle class of China is traveling abroad more often and spending more money when they do, and homegrown retailers want to make sure they get a share of that business.



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801 Tower Trades Hands for Approx. $190M

LOS ANGELES--Cornerstone Real Estate Advisers buys the iconic 446,534-square-foot downtown office building from Mani Brothers Real Estate Group.



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Residential Design Inspires Office Design

LOS ANGELES--In this EXCLUSIVE interview, Patricia Rhee of Ehrlich Architects, which is responsible for the elevon creative campus in El Segundo, talks about the emerging home-inspired trends in office design.



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Riviera Cashing in on EB-5 Office Space

MIAMI--Riviera Point Development Group sees a clear opportunity in the midst of volatile international politics and markets driving growth in the job-creating US Immigrant Investor (EB-5) program. Get all the details.



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Roll Real Estate Sells 22 Acres

SHAFTER, CA--Scannell Properties will develop a 210,000-square-foot ground sort hub at Paramount Logistics Park on behalf of an unnamed global deliveries company.



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Why NG+P Designs Lease Up So Fast

COSTA MESA, CA--Understanding multifamily tenants and what sparks their active lifestyles helps to provide the amenities that renters want, the firm's Kevin Newman tells GlobeSt.com in this EXCLUSIVE story.



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