CARPINTERIA, CA—Montana Avenue Capital Partners buys an 118,394-square-foot office property for the highest price ever paid in the city, approximately $32.5 million.
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CARPINTERIA, CA—Montana Avenue Capital Partners buys an 118,394-square-foot office property for the highest price ever paid in the city, approximately $32.5 million.
LOS ANGELES—The investor buys 1.8 million square feet of industrial properties in California and Texas for $39.2 million in the former company’s chapter 11 asset sales.
LOS ANGELES—From Y2K to online shopping, past experience has taught lenders a thing or two about how to cope with potential adversity. Speakers at RealShare National Investment & Finance expounded on the subject.
LOS ANGELES—With vacancies approaching 0% in some markets, the industrial sector is hotter than ever. Speakers at RealShare National Investment & Finance weigh in on what to expect in this sector in the near future.
LOS ANGELES—Sperling Nursery brings the land site to market un-priced, garnering nine offers and selling to a developer that plans to build a car dealership.
CANOGA PARK, CA—The Verandas apartment complex sees high competition from investors looking to cash-in on higher in-place yields than apartment complexes in the nearby Warner Center.
ATLANTA—In this cycle some developers are looking back as they forge ahead. Find out why with insights from Resource Real Estate's Kevin Finkel.
LOS ANGELES—As competition among lenders continues to heat up, family offices are now participating in a variety of financing scenarios for potential borrowers, said speakers at RealShare National Investment & Finance.
CHICAGO—The LA-based firm has been quite active in Chicago in the past six months, providing Sterling Bay with $220 million to refinance its 1KFulton project, and $68 million in mortgage debt for Prudential and GlenStar in their acquisition of 311 Monroe.
SANTA BARBARA, CA—As West Coast markets such as Portland, OR and San Francisco lead the way with double-digit year-over-year gains, Yardi predicts that rent growth will only intensify in the year’s second half.
CAMBRIDGE, MA—As part of a reorganization of its research and development operations, Bristol-Myers Squibb Co. announced plans to open a new research facility in Kendall Square here, as well as expand facilities in San Francisco and open a new facility in Connecticut.
LOS ANGELES—In part two of this EXCLUSIVE Q&A with TruAmerica, we learn about a few key amenities that provide the biggest bang for the buck, and find out why interior renovations are all about details.
LOS ANGELES—Evaluating where we are in the cycle and whether we’re ready for another cyclical downturn is crucial to remaining above water when it hits, said speakers at RealShare National Investment & Finance.
LOS ANGELES—Thanks to a thriving single-family housing market, Remote Rehabs re-launches its fix-and-flip housing program, adding Phoenix, Indianapolis, and Toledo to the geographic markets.
TORRANCE, CA—After completing the purchase of the property last week, the Muller Co. begins a major repositioning of the office asset that will add medical office, retail and 52,000 square feet, GlobeSt.com reports in this UPDATE to a previous story.
ORLANDO—Private investors, listen up. CWS Capital Partners’ president has some keen advice for you.
LOS ANGELES—Driverless cars could affect everything from where gas stations are placed to how much parking is needed for a given property, Partner Engineering’s Joe Derhake said during RealShare National Investment & Finance.
ATLANTA—With Atlanta hitting on all cylinders, it’s not surprise that the metro is ranking high on green commercial real estate. How does Atlanta compare?
BEVERLY HILLS, CA—A rare opportunity to acquire an apartment building in the Beverly Hills submarket leads to a bidding war, ending with the buyer paying well over the asking price.
DIAMOND BAR, CA—The investor—which typically buys residential land—buys two value-add retail properties to expand its portfolio to income-producing assets.
LOS ANGELES—Passco Cos. receive multiple competitive offers for the retail property before selling it for $111 million, GlobeSt.com reports in this UPDATE to a previous story.
LOS ANGELES—With all of the capital in the market, lenders are getting more and more competitive—but Robert Hodge of Marcus & Millichap says that only a select few borrowers are getting high-leverage deals.
LOS ANGELES—According to TruAmerica’s Lynn Owen, who GlobeSt.com EXCLUSIVELY chatted with, testing the market to find the sweet spot is key.
LOS ANGELES—Five tenants sign leases at 617 W. 7th Street in Downtown Los Angeles bringing the occupancy of the creative office building to 88%.
TORRANCE, CA—A joint venture between the Muller Co. and GreenOak Real Estate acquires the 367,000-square-foot complex with plans to reposition the property into a mixed-use complex called Del Amo Crossing.
SANTA MONICA, CA—Three new restaurant leases inked at Ocean Avenue South show that the demand for restaurants in Santa Monica is higher than ever, with retail vacancies reaching 2.8%.
LOS ANGELES—The Souferian Group sells its newly renovated office property in the 3rd Street District for $556 per square foot, a total of $19.6 million, showing that pricing for all asset types is reaching toward record highs.
LOS ANGELES—The very high development volume across property types is leading to a shortage in quality labor and to rising costs, Lydia Tan of Bentall Kennedy, tells GlobeSt.com.
LOS ANGELES—The Los Angeles County Board of Supervisors votes 4-1 to approve a new Antelope Valley Area Plan, which will rezone an unincorporated area of Los Angeles County to guide development and conservation.
LOS ANGELES—Three student-housing properties in Westwood trade hands for $727,000 per unit, more than twice the median market sales price.
LOS ANGELES—After buying the massive retail property for $111 million last week, the Laurus Corp. announces plans to invest an additional $30 million in upgrades to the property, GlobeSt.com reports in this UPDATE to a previous story.
TORRANCE, CA—Meta Housing completes the Cabrillo Family Apartments, a 44-unit affordable housing complex, and with rising rents in the L.A. area, it is in urgent need.
LOS ANGELES—Local investment firm Laurus has acquired the 250,000 square foot West Side retail complex.
LOS ANGELES—Development in Downtown Los Angeles is stronger than ever, with 40 residential projects underway and several major retail and hotel projects, making downtown one of the country’s hottest markets.
LOS ANGELES—Allen Construction launches a new commercial construction division to strategically expand after several local construction companies shuttered.
LOS ANGELES, CA—California developers will feel extra pressure to include affordable housing in their projects, in light of a California Supreme Court decision issued Monday. Take a closer look at the implications in this EXCLUSIVE commentary on the subject.
LOS ANGELES—DealPoint Merrill buys a 223,614-square-foot, three-property portfolio in Illinois, New York and Texas, which includes a Walmart Super Center and an Albertson’s-anchored shopping center.
STERLING, VA—American Realty Advisors has added a two-building industrial portfolio in Virginia totaling more than 450,000 square feet to its portfolio.
LOS ANGELES— “Without water, your project is dead,” according to panelists at NAIOP’s I.CON event last week, who discussed the regulatory environment.
LOS ANGELES—In this EXCLUSIVE Q&A, George Smith Partners’ Jonathan Lee talks about the local challenges surfacing from the newly rolled out HVCRE regulations.
BURBANK, CA—CBRE is marking the massive development site, which is ideal for a mixed-use project, on behalf of the Burbank Airport Authority.
LOS ANGELES—At NAIOP’s I.CON event last week, industrial leaders discussed the benefits and challenges of industrial development in America’s cities.
LOS ANGELES—Despite the 1.1% dip, the housing market momentum continues to be solid as the spring home-buying season marked higher year-over-year home sales and prices for the fourth straight month.
GARDENA, CA—The homebuilder nears completion on a 60-unit townhome community to provide an alternative housing option for the high demand in and around the South Bay.
ARCADIA, CA—A 16-unit apartment building trades hands for $431,250 per unit, the highest price ever paid in the Arcadia market, GlobeSt.com reports EXCLUSIVELY.
THOUSAND OAKS, CA—A national development firm buys the single-tenant Orchard Supply Hardware retail property for $388 per square foot, one of the highest prices ever paid for a triple-net leased property in Southern California.
EL SEGUNDO, CA—According the City of El Segundo, the newly announced Lakers facility at elevon will have some significant economic benefits, GlobeSt.com reports in this UPDATE to a previous story.
LOS ANGELES—Industrial power players at NAIOP’s I.CON event analyzed the first half of the year, saying that in an upward market like this, it is important to maintain discipline.
LOS ANGELES—George Smith Partners completes three construction loans in the Koreatown submarket totaling $30.7 million for one for-rent property and two for-sale condo developments.
REDONDO BEACH, CA—A local investor and developer buys one of the few remaining industrial properties with plans to convert it into a creative office space, and signs a tenant lease during escrow.
LOS ANGELES—Kennedy Wilson completes three lease transactions with Jersey Mike’s Subs, illustrating the rise of fast-casual restaurant chains.
EL SEGUNDO, CA—The additional scale of the combined company provides greater potential to execute “a value-enhancing liquidity event,” says Kevin Shields, the non-traded REIT’s chairman and CEO.
LOS ANGELES—According to a JLL report, downtown Los Angeles’ skyscrapers have the seventh lowest occupancy in the country, while Century City’s vacancy rate is shrinking.
LOS ANGELES—At NAIOP’s I.CON event yesterday, industrial experts talked about issues in the industrial sector, saying that the seaports and the supply chain are the weakest links.
LOS ANGELES—Turner Impact Capital launches a multifamily fund with a business plan that proves affordable housing can produce healthy risk-adjusted returns.
LOS ANGELES—Thorofare Capital and DoubleLine Capital form a strategic partnership to underwrite and originate middle-market commercial real estate bridge loans.
LOS ANGELES—A private investor secures $160 million to refinance an eight-property apartment portfolio, securing the funds with aggressive pricing and rates through Fannie Mae, GlobeSt.com reports EXCLUSIVELY.
ALHAMBRA, CA—The 140,000-square-foot retail development signs its first four tenants—a Blaze Fast-Fire’d Pizza, the Habit Burger Grill, Bank of the West and Maido—and the owners say interest is strong for the remainder of the space.
FORESTVILLE, MD—This is the Los Angeles-based the Turner Multifamily Impact Fund's first acquisition.
LOS ANGELES—Former Amazon product manager Brendan Kao and OneWest Bank senior banking executive Marc Heenan join PeerStreet, a crowdfunding platform for commercial real estate.
LOS ANGELES—A joint venture secures $30 million in financing to purchase and renovate the Beverly Hills Country Club, but their lender, Bradford Allen and Security Benefit Life Insurance Co., didn’t see much competition for the deal.
LOS ANGELES—Hertz Investment Group completes its largest transaction to date with the purchase of a 3-million-square-foot, six-property office portfolio in the Southeast.
TORRANCE, CA—A four-building, 108,000-square-foot industrial flex property attracts 20 offers from private investors, thanks to the strong location and the potential for creative uses.
LOS ANGELES—The Lakers purchase a five-acre land parcel at the Elevon at Campus El Segundo to build a new headquarters facility.
BURBANK, CA—The investor buys the three-building Burbank Collection office property in Downtown Burbank with plans to transform the property into a creative office campus.
LOS ANGELES—Geringer Capital nears completion on a 126,768-square-foot build-to-suit industrial facility, which the company opted to build with an in-place tenant despite the high industrial demand.
SANTA BARBARA, CA—Caruso Affiliated names Rosewood Hotels and Resorts as the hotel operator of its Miramar Beach hotel development, which is scheduled to open in 2018.
DEVENS, MA—Calare Properties and partner Hackman Capital Partners of Los Angeles report they have sold the former Evergreen Solar headquarters and manufacturing facility here for $36.05 million.
LOS ANGELES—An industrial investor buys a 115,538-square-foot building with an expiring tenant lease, betting the tenant would renew due to the high demand. It paid off.
LOS ANGELES—Thorofare Capital and DoubleLine Capital form a strategic partnership to underwrite and originate middle-market commercial real estate bridge loans.
LOS ANGELES—A 223-unit apartment building trades hands for $45.8 million, generating double digit offers from a wide-range of buyers.
LOS ANGELES—George Smith Partners names Bryan Shaffer, Jonathan Lee and Shahin Yazdi as principals, the first new additions since 2013, GlobeSt.com reports EXCLUSIVELY.
LOS ANGELES—Hudson Pacific Properties breaks ground on the ICON creative office tower at Sunset Bronson Studios, adding to the ongoing Hollywood Renaissance.
ROCKVILLE, MD—A division of the Resmark Cos. and Streetscape Partners report they have formed a joint venture to develop a new townhome development at the master planned King Farm community here.
LOS ANGELES—In a Urban Land Institute breakfast, market experts Wendell Cox and Dowell Myers debate over the causes of unaffordability, but both agree: L.A. needs more multifamily development.
BOSTON—Commercial real estate advisory firm Cresa has announced a changing of the guard in its executive suite, naming Richard Rhodes as CEO, Matthew Feeney as its new chairman and Judi Hilton as COO.
PORTLAND, OR—Canyon Creek Apartment complex trades hands, TruAmerica Multifamily enters the Utah market and Newcastle Partners find 8.2 acres in the Inland Empire for a new industrial build in this week’s wrap-up of deals.
PASADENA, CA—A national investor picks up the institutional-quality asset to augment their portfolio in the Southern California market.
PASADENA, CA—DPR Construction breaks ground on Shiners Hospital for Children, a state-of-the-art medical center opening in mid-2017.
LOS ANGELES—After the Army Reserve facilities chief issued asked the private sector to help the government manage its assets, RICS immediately springs into action, GlobeSt.com reports in this UPDATE to a previous story.
EL MONTE, CA—The Magellan Group breaks ground on Magellan Gateway, a 500,000-square-foot industrial facility, and the first major industrial development project in the area since the recession.
LOS ANGELES—Todd Tydlaska joins the firm as a senior managing director and will focus on institutional investment sales in Los Angeles and growing the West Coast business.
LOS ANGELES—The owner of a 245-unit apartment complex takes advantage of the low interest-rate environment and secures a $30.8 million loan through Fannie Mae.