Nursing Facilities Snatch $29M in FHA Loans

LOS ANGELES--The owner of four nursing facilities in the Los Angeles market refinances the properties, securing FHA loans ranging in value from $6.2 million to $8.6 million.



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Hotel Execs Expect Healthy Year

LOS ANGELES--At ALIS 2015, four of the top hotel executives discuss the state of the industry, noting the in 2015 they plan to increase rates and thus increase revPAR.



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Mixed-Use Development Requires Balance

LOS ANGELES--The mixed-use developments to make it through the downturn had a balance of product type that could stand on its own, according to experts at ALIS 2015.



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3-Property Retail Portfolio Fetches $109M

LOS ANGELES--Decron Corp. sells three Southern California shopping centers totaling 370,453 square feet to Retail Opportunity Investment Corporation, a public REIT.



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These Apps Change the Hotel Game

LOS ANGELES--At ALIS 2015, the founders of HotelTonight and of HomeAway talk about how they disrupted the hotel industry by removing the friction points.



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Another Recession to Strike in 2 Years

LOS ANGELES--According to economist John Silvia at ALIS 2015, hotel revPAR growth peaks in the middle of the cycle, not at the end, which indicates that we may be heading for another recession in the next 2 years.



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Hospitals Buy Up On-Campus Medical Office

LOS ANGELES--An investor secures $29.7 million in funding to renovate and upgrade three medical office properties in Los Angeles, San Diego and Texas.



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Low Rise Office Attracts Investors

SANTA MONICA, CA--An investor buys the Ocean Park Plaza, a 100,983-square-foot low-rise office building from Broadreach Capital Partners, which recently completed $3 million in upgrades on the property.



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CA Recovery Reflected in Optimism, Construction

LOS ANGELES--The forecast is optimistic for commercial real estate once again, and is expected to remain solid for the next few years, says UCLA's Jerry Nickelsburg.



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Secrets to Improving Building Efficiency

LOS ANGELES--A high-quality, well-built, efficient asset will pay for itself, Syska Hennessy Group's Gary Brennen and Cyrus Izzo tell GlobeSt.com EXCLUSIVELY .



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Office Leases May Soon Be Done Only Online

LOS ANGELES--Mark Gilbreath, the founder of a new on-demand office-leasing app called LiquidSpace, predicts that all office leasing will move online in the next five years at the ALIS 2015 Summit.



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CCIM Names New L.A. Board

LOS ANGELES--The Los Angeles CCIM chapter gets a new board of directors for 2015, led by NAI Capital's Kevin Kawaoka--who talks to GlobeSt.com about the new recruits.



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XLD Names Manager for Hotel Portfolio

LOS ANGELES--The Chinese investor names Warnick + Co. as the asset manager for its two recently acquired Marriott Hotel properties in Torrance and Los Angeles, GlobeSt.com reports in this UPDATE .



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Rexford Makes First Acquisitions of the Year

LOS ANGELES--The public industrial REIT buys two nearly fully leased buildings totaling 213,581 square feet for a combined $30.6 million.



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Paramount Group's Finley Joins LEI

PHILADELPHIA, PA--Peter Finley, formerly head of capital markets at Paramount Group, has joined Lowe Enterprises Investors as senior vice president to lead the firm's marketing and business development efforts. Finley will be headquartered in Philadelphia, with national responsibilities, the firm says. He will maintain and expand client and consultant relationships and assist with the development of new investment products and strategies.



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Developers Answer Calls for More Housing

ARCADIA, CA--Brandywine Homes buys an .82-acre plot to build 17 three-story townhomes in an area with extremely limited housing supply.



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The Next Creative Office Hub?

LOS ANGELES--A joint venture between Embarcadero Capital Partners and Westbrook is the latest investor to flock to El Segundo to capitalize on the growing creative office market.



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TruAmerica Plays in Class-B Market

LOS ANGELES--TruAmerica's Mark Enfield talks in depth about the company's recent $481 million multifamily portfolio purchase in this UPDATE to a previous story.



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SF Valley Office Generates High Interest

LOS ANGELES--The Moss Group sells the Tarzana Professional Center, a 160,345-quare-foot office building, to a private investor for $28.7 million, or $178 per square foot.



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Realty Mogul Hits $50M Milestone

LOS ANGELES--The crowdfunding platform reaches $50 million in investments of approximately 180 properties nationwide valued at $360 million, GlobeSt.com reports EXCLUISVELY .



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Avison Young Adopts Open Format Office

LOS ANGELES--The brokerage firm expands its downtown office space and hires Gensler to create a creative-type office environment.



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Lenders Face Pressures on Risk Management

TORRANCE, CA--Compared to the pre-downturn market, "lenders are less likely to skip steps" when it comes to due diligence, Partner Engineering & Science's Joe Derhake tells GlobeSt.com.



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National Apartment Vacancy Dips to 4%

LOS ANGELES--Marcus & Millichap releases its 2015 National Apartment Report, which shows the perpetual momentum in the multifamily market as well as predictions for 2015.



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Location Drives Retail Acquisitions

TORRANCE, CA--Storm Properties buys the 22,000-square-foot Glendora Shopping Center for its strong demographics and prime location on the corner of a major intersection.



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Low Interest Rates Increase Senior Debt Demand

LOS ANGELES--After closing five senior debt loans totaling $74.4 million, Quantum Capital Partners discusses how low interest rates are driving competition in the capital markets.



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TruAmerica buys $481M Portfolio

LOS ANGELES--The multifamily investor buys the 14-property, 2,666-unit portfolio from JH Real Estate Partners with plans to add value to the properties.



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Downtown's Figueroa Courtyard Trades Hands

LOS ANGELES--Adding to its downtown portfolio, Rising Realty Partners' acquires the 270,000-square-foot, five-building office park from the US Bank Corp.



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Trumark Urban Plans $110M Downtown Development

LOS ANGELES--The developer secures a $77.8-million senior loan for the 22-story, 151-unit multifamily development, which will come to market in 2016.



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327-Unit Portfolio Trades Hands

LOS ANGELES--Raintree Partners acquires the massive multifamily portfolio with plans to invest and additional $8 million to upgrade and renovate the properties, GlobeSt.com reports EXCLUSIVELY .



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Retail Lending Is Back in Full Swing

LOS ANGELES--The latest research report from CBRE shows that retail lending in the first three quarters of 2014 was up 50% year-over-year.



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Where Are We in This Cycle?

LOS ANGELES--About the 7th inning, according to Paul Rutter of Gilchrist & Rutter PC, who sat down with us for an EXCLUSIVE interview to discuss the economy and forecast the year ahead.



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Sares-Regis Closes $114M Fund

LOS ANGELES--The investment vehicle purchases a 158-unit apartment complex in Long Beach, the ninth and final acquisition made by its Fund I.



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Yahoo Moves Offices to Playa Vista

LOS ANGELES--The tech giant signs a long-term 130,000-square-foot lease at the Collective Campus in Playa Vista, a move that will bring 400 Yahoo employees to town.



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112-Acre Country Club Trades Hands

LA VERNE, CA--A joint venture between Zaruka Investment Properties and Wedgewood Banquets buys the Sierra La Verne Country Club with plans to convert it into a wedding and special event space.



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Hudson Pacific Prices Public Offering

LOS ANGELES--The public investor prices a public offering of 11 million shares of common stock at $31.75 per share, which will generate approximately $335.3 million in net proceeds.



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Record Low Cap Rates Push Multifamily Owners to Sell

PASADENA, CA--Another Millionaire Row apartment complex sells in Pasadena, and according to brokers, the combination of record low cap rates and interest rates are to blame.



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C.W. Driver Hires Project Development Director

LOS ANGELES--Gregory Motschenbacher joins the firm at director of project development from the Brickman Group, where he was responsible for operations in the Western US, GlobeSt.com reports EXCLUSIVELY .



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Luxury Apartment Buildings Fly

PASADENA, CA--M West Holdings buys a 64-unit multifamily property in the former "Millionaires Row" area of Pasadena with plans to upgrade the interior units and benefit from the high demand for luxury properties.



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Media Companies Continue to Rule Westside

SANTA MONICA, CA--Beachbody, a media company known for fitness videos, signs a renewed and expanded lease for a 133,000-square-foot space at the Lantana Entertainment Media Campus.



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The Rialto Theater Trades Hands

SOUTH PASADENA, CA--A group led by Izek Shomof buys the Rialto Theater from the Jebbia Family Trust with plans to revitalize the historic building.



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Institutions Start Thinking Small

LOS ANGELES--However, for institutional investors to consider smaller-ticket transactions, "the risk adjusted returns have to be compelling," Transwestern's Steven Orchard said in an Ask the Expert interview.



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L.A. Leads SoCal Office Market

LOS ANGELES--According to the latest report from CBRE, the Los Angeles office market ends 4Q14 with 946,440-square-feet in absorption, the highest in the region.



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Investors Partner to Redevelop Park Plaza Hotel

LOS ANGELES--Hotel owner DCGG Park Plaza forms a joint venture with Wilshire Park Plaza to redevelop the Legendary Park Plaza Hotel, which is currently vacant.



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Another Marriott Hotel Trades Hands

LOS ANGELES--A joint venture between AWH Partners and Starr Cos. purchased the 488-room Burbank Airport Marriott, which is the second Marriott to trade hands in one month.



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Construction Begins on Hampton Inn

GLENDALE, CA--R.D. Olson Construction breaks ground on Vista Investments' five-story, 94-room Hampton Inn & Suites in Downtown Glendale.



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Tribune Plans Downtown Development Project

LOS ANGELES--The investor is looking for a development partner for its multi-acre Downtown Los Angeles site known as Times Mirror Square, as well as a development site in Costa Mesa.



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Downtown Staple Undergoes Massive Renovation

LOS ANGELES--The L.A. Athletic Club begins a multi-million renovation to include NBA-style stall lockers, expanded spa facilities, high-end athletic retail and a speakeasy.



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Lakewood Marketplace Lands $38M

LOS ANGELES--The shopping center refinances with a 10-year interest-only, cash out loan with a CMBS lender, after requesting $3 million cash out from its financial consultant, NorthMarq Capital.



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Charles Dunn Recruits Veteran Managing Director

LOS ANGELES--Barry Rothstein joins the brokerage firm as managing director in the firm's Century City office along with Ashley Saye, who joins the firm as an associate, GlobeSt.com reports EXCLUSIVELY .



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This Loan Protects Against Rising Interest Rates

LOS ANGELES--Far West Management secures a $36-million non-recourse bridge-to-perm loan to fund a Los Angeles County-required renovation for its waterfront multifamily and marina property.



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Hudson Pacific Sells Legacy Assets

LOS ANGELES--In this UPDATE to a previous story, GlobeSt.com talks to Hudson Pacific about the $89 million sale of the First Financial office property purchased by Douglas Emmett.



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Office Foreclosure Sells for $387 PSF

PACIFIC PALISADES, CA--Optimus Properties buys the Atrium, a 30,000-square-foot office and retail property out of foreclosure with plans to renovate the exterior and common spaces.



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Plans Revealed for 298-Acre Sports Park

INGLEWOOD, CA--Hollywood Park Land Co., a joint venture between Stockbridge Capital Group and the Kroenke Group, unveil plans for an extended sports and entertainment district at Hollywood Park.



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Office Investors Join Downtown Renaissance

LOS ANGELES--The downtown renaissance continues with Sharp Capital's acquisition of a 92,000-square-foot office building it plans to renovate with updates to the common spaces.



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Developers Set Roots in Koreatown

LOS ANGELES--Canfield Development buys three adjacent lots that total 28,000 square feet in the highly sought-after Koreatown market with plans to redevelop the properties.



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American Realty Nabs $96M Research Lab

SANTA CLARITA, CA--The investor buys the 226,000-square-foot Quest Diagnostics lab and office facility from Clarion Partners.



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Office Assets Near $400 PSF

ENCINO, CA--Douglas Emmett plans to spend $89 million, or $397 per square foot, on a 224,000-square-foot for a class-A multi-tenant office property.



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Investors Continue to Flock To Koreatown

LOS ANGELES--An investor sweeps up another multifamily property in Koreatown; this one is a six-story, 55-unit rent control building that is 100% occupied.



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Mid-Counties Industrial Supply Hits Record Lows

SANTA FE SPRINGS, CA--American Realty Advisors buys a 174,000-square-foot industrial building in the supply constrained mid-counties market, where vacancies are at the lowest levels in six years.



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Small-Business Loan Activity Rises in Q4

ORANGE COUNTY, CA--While SBA 504 loans increase in the fourth quarter, overall volume is down year-over-year for a variety of reasons, but the trend is expected to reverse itself, BFC's Jacky Dilfer tells GlobeSt.com.



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CRE Experiences a Technological Revolution

LOS ANGELES--Skyline Exchange is the latest company to improve the CRE space with technology by creating a platform where professionals can share vital information, GlobeSt.com reports in this EXCLUSIVE Q&A.



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