Retail Investors Find Better Yields in the Valley

LOS ANGELES--Two separate investors scoop-up value-add retail shopping centers in Palmdale and Oxnard, where the yields are better, for a combined $27 million.



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CBRE Names Global Corp. Services Vice Chairs

LOS ANGELES--Mike Scimo and Henry Johnson receive a promotion to vice chairman of the firm's global corporate services practice, which is the highest title in the company.



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AECOM Cuts Green House Emissions

LOS ANGELES--After attending a Department of Energy meeting, which President Obama also attended, the top-ranked design firm announces plans to reduce green house gas emissions across its global operations.



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Keep Issues from Stacking on Modular Builds

LOS ANGELES--Developers new to modular construction need to be mindful of complications that can arise along with cost savings, Cox, Castle & Nicholson's Rob Campbell tells GlobeSt.com's Natalie Dolce.



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A Little Caution Couldn't Hurt

LOS ANGELES--We've heard it numerous times before. There are no local threats on L.A.'s economic or real estate horizon. But Rick Chichester says that doesn't mean we should throw caution to the wind. Fourth in a series.



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Hotel Developer Inks Deal with Hyatt

PALM SPRINGS, CA--Hyatt's Andaz resort hotel brand signs a long-term management lease with Rael Development Corp. for its 150-room hotel development under construction in Downtown Palm Springs.



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Younan Leases Up Office Space in 8 Months

LOS ANGELES--The investment and management firm brings its Simi Valley office building to full occupancy in only eight months, after the property had sat vacant for four years.



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Demand Grows for Beverly Hills Multifamily

BEVERLY HILLS, CA--Pacific Reach Properties buys Blu Beverly Hills, a 37-unit, 11-story apartment complex, beating out international investors to win the bid, GlobeSt.com reports EXCLUSIVELY .



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Rexford Industrial Scoops Vacant Facility

CHATSWORTH, CA--The public REIT buys a 153,984-square-foot industrial building from an owner/occupier with plans to renovate the building before releasing.



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Redevelopment is About Preservation, Reinvention

LOS ANGELES--Adaptive re-use and redevelopment are ways to preserve the value of a property in addition to responding to what the marketplace wants, say speakers at RealShare Los Angeles's 'Re-use and Redevelopment' panel.



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Rams Exit Could Damage St. Louis CRE

ST. LOUIS--In the last year, there has been talk about the Rams leaving St. Louis and re-locating to another city, perhaps Los Angeles, and today former Ram and president of Lee & Associates Tom Homco discusses what that would mean to St. Louis and the CRE market.



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Entitlement Process Adds Risk to MF Development

LOS ANGELES--The multifamily sector is still going strong and rent growth is accelerating, but developers should still exercise caution, say speakers at last week's RealShare Los Angeles' 'Multifamily Momentum' panel.



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SunCal Makes $130M Buy for DTLA Land

LOS ANGELES--The local developer buys a 14.6-acre land site with plans to build a mixed-use complex with office, live/work space and retail.



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$110M DTLA Multifamily High-Rise Breaks Ground

LOS ANGELES--Trumark Urban starts construction of Ten50, a luxury high-rise apartment building in Downtown Los Angeles, which will be the first of its kind to come online in nearly a decade.



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Technology Will Help Keep Us Competitive

LOS ANGELES--It's a good time to be a seller, but we still need to embrace and adapt to technology in order to remain on top, say speakers at RealShare Los Angeles' 'The View from the Top' panel here last week.



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A View of 2030: The RICS Futures Report

LOS ANGELES--"Our members must be prepared to adjust to the new technology, but they also need to be preparing their workforce," RICS' Neil Shah tells GlobeSt.com's Natalie Dolce.



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E-Commerce's Impact on Retail, Industrial

LOS ANGELES--From omni-channeling to more-efficient buildings, e-commerce has re-energized and enhanced both the retail and industrial sectors, say speakers at RealShare Los Angeles.



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Carey Watermark Likes SoCal Market

PASADENA, CA--In this UPDATE to a previous story, the investor tells GlobeSt.com reporter Kelsi Maree Borland that its recent $142.5 million purchase of the Westin Pasadena was all about location.



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Westfield Build Increases Apartment Demand

CANOGA PARK, CA--Canoga Mountain View Associates brings the Verandas apartment community to the market, and receives strong interest from private investors, thanks to its proximity to retail and transportation options.



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Investors are More Disciplined Than '06/'07

LOS ANGELES--Leverage is much more conservative and lender options are more plentiful than they were before the recession, making for a healthier, more prudent investment environment, say speakers at RealShare Los Angeles.



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Five Traits of a Successful Broker

LOS ANGELES--Leaner communication styles is just one of the traits necessary to be a successful broker in today's competitive, fast-paced real estate environment, say speakers at RealShare Los Angeles.



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Developers Migrate to SoCal

LOS ANGELES--Chicago-based developer Bridge Development Partners opens its first West Coast office in Los Angeles, and hires Brian Wilson as principal to oversee the region.



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Playa Vista Is Here To Stay

LOS ANGELES--The Mani Brother buy a three-story, 89,365-square-foot office complex in Playa Vista for $48 million, with plans to completely renovate the property.



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With Port Issues Cleared (Mostly), L.A. Industrial Continues Growth

LOS ANGELES--Despite some overheating, Rexford Co-CEO Howard Schwimmer says the local industrial market is in prime position to continue its growth pattern.



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Carey Watermark Spends $142.5M for Westin Pasadena Hotel

PASADENA, CA--The leading full-service hotel is in a strong, downtown Pasadena market, and the buyers plan invest in renovations.



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It's a Good Time to Be a Borrower

LOS ANGELES--Low interest rates that look to remain that way and competition among lenders for deals make it an ideal time to be borrowing, say speakers at RealShare Los Angeles.



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Prologis Nabs Sun Valley Distribution Center

LOS ANGELES--The major industrial investor purchases the 168,000-square-foot property, which is occupied fully by Sugar Foods, because of the healthy user demand and climbing rental rates.



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Triple-Net Retail Center Fetches $25M

HAWTHORNE, CA--A private investor buys the 60,352-square-foot retail center for $414 per square foot with plans to redevelop the property.



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Apartment Complex Sells in Under 30 days

HOLLYWOOD, CA--A private investor buys the Whitley Heights in a highly competitive sale that generated multiple offers and secured escrow in only 72 hours.



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Recovery is Sustainable, But Bifurcated

LOS ANGELES--Job and GDP growth are consistent, and no recession is in view for the near term, but growth is slow, spotty and not as widespread as statistics may indicate, say speakers at RealShare Los Angeles.



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CAR Calls for Upzoning to Spur Housing

LOS ANGELES--Citing this week's Legislative Analyst's Office report, the California Association of Realty says restrictions should be eased to allow for more home development in coastal areas.



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Downtown L.A. Gets Healthy Residential Forecast

LOS ANGELES--In an EXCLUSIVE interview with CBRE SVP, Brad McCarthy, GlobeSt.com learns that the downtown L.A. residential market and population continues to be underserved with an extremely low level of existing apartment units. Development on the horizon?



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Condo Demand Is Through the Roof

BEVERLY HILLS, CA--The first phase of ETCO Homes' newest luxury condo development 460 Palm is already half sold, illustrating the high demand for condominiums in the market.



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Investors Plan to Increase Holdings by 15%

LOS ANGELES--In this UPDATE to a previous story, Hessam Nadji expands on Marcus & Millichap's Q115 investor sentiment report, which shows that 68% of CRE investors will increase their holdings this year.



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Office Complex Secures $260M

SANTA MONICA, CA--The Water Garden Phase I, a two-building 673,660-square-foot class-A office building, secures the 12-year fixed-rate loan to refinancing the property, which is part of a larger 1.7-million-square-foot property.



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NAI Capital Names New CEO

LOS ANGELES--The firm names Timothy P. Foutz as the new CEO to oversee the company's 14 Southern California-based offices and 300 employees.



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CRE Experts Uncover L.A. Market Trends

LOS ANGELES--Walk-ups are welcome at the RealShare L.A. conference in Century City, where CRE experts will discuss capital markets trends, emerging markets and redevelopment trends.



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DTLA Seeks Tech and Creative Companies

LOS ANGELES--The Downtown Central Business District launches Get Urban, a new program designed to attract tech and creative businesses to join the ongoing renaissance.



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Hayden Tract 'Ground Zero' for Creative Office

CULVER CITY, CA--Avison Young's Jeff Vertun talks about the highly competitive creative office market in Culver City, and how to land the top tenants in this EXCLUSIVE interview.



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Investors Plan to Increase Holdings by 15%

LOS ANGELES--In this UPDATE to a previous story, Hessam Nadji expands on Marcus & Millichap's Q115 investor sentiment report, which shows that 68% of CRE investors will increase their holdings this year.



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Solstar Buys Two Marriott Hotel Properties

LOS ANGELES--The hotel investor purchases the 120-room Marriott SpringHill Suites Hotel and the 108-room Marriott TownePlace Suites Hotel for a total of $20 million, GlobeSt.com reports EXCLUSIVELY .



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Provisional Clauses Aren't Foolproof

LOS ANGELES--Experts on the Real Property Contracts panel at the USC Gould Real Estate Real Estate Law and Business Forum explain that boilerplate contract provisions will not exculpate parties from fraud and gross negligence.



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Public Transit Key to Creating a Livable City

LOS ANGELES--A group of city leaders at the USC Gould Real Estate Law and Business Forum talk about the keys to creating a livable Los Angeles, and listed public transportation at the top of the list.



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Office Users Pay Big for Modern Workspaces

LONG BEACH, CA--Office users are paying rental premiums for workspaces that will attract top talent, according to the founders of Harbor Associates, a new investment firm focused on value-add office investments.



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The Suburbs Are Not Dead

LOS ANGELES--While everyone is talking about millennials moving into urban markets, Gary Steinhardt of American Realty is leaping at multifamily opportunities in suburban markets, he tells us in this EXLUSIVE sneak peak of his RealShare L.A. panel.



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AEG Punts Plan for Downtown NFL Facility

LOS ANGELES--With the Saint Louis Rams eyeing Inglewood, AEG says it is turning to other matters.



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Pendo Investments Makes $47M Value-Add Buy

LOS ANGELES--The opportunistic investor purchases a three-property portfolio totaling 222 units, with plans to spend an average of $12,000 per unit on upgrades.



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L.A.'s 'Meatpacking District' Attracts Creative Tenants

LOS ANGELES--Newly polished buildings attract a modern pool of lessees, and many artists, entertainment professionals and adventurous entrepreneurs have arrived on the doorsteps of these brick-exterior, bow-and-truss interior spaces, say sources in this EXCLUSIVE column.



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Crowdfunding Set to Generate $20B

LOS ANGELES-- "Crowdfunding is inevitable," says Lew Feldman on the crowdfunding panel at the USC Gould Real Estate Law and Business Forum, where experts discuss the future of the new space.



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Avison Young Expands in Las Vegas

LOS ANGELES--The firm appoints Scott Donaghe to the Las Vegas office. Here, Donaghe sits down for an EXCLUSIVE interview to discuss the firm's interest in the Las Vegas market.



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Millennials Flock to L.A. Live-Work-Play

LOS ANGELES--Marcus & Millichap's John Chang sees the Millennial drive and the resolved issues at the ports as driving the local multifamily market. This is the second in a series focused on the Los Angeles metro area.



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Frank Gehry Tapped For Sunset Strip Build

LOS ANGELES--Townscape Partners hires the world-renowned architect to design a mixed-use multifamily project on the Sunset Strip, adjacent to the Chateau Marmont.



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Gramercy Completes $400M Net Lease Buy

NEW YORK CITY--GPT is assuming $128 million of mortgage debt on the portfolio, encumbering 11 of the 12 properties it has acquired from Dividend Capital Diversified Property Fund Inc.



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David Geffen Sells Malibu Beach Inn for $80M

MALIBU, CA--In a 1031 exchange, the Mani brothers purchase the iconic 47-room property for $1.7 million per room, one of the highest sales prices of any hotel in the country.



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Caruso Plans $155M Mixed-Use Project

BEVERLY HILLS, CA--The developer files entitlements for 333 La Cienega, a 154-unit mixed-use property on the border of Beverly Hills and adjacent to its highly popular property 8500 Burton Way.



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Multifamily Market Adds $63B to Local Economy

LOS ANGELES--According to an NAA Study, the apartment industry contributes major funds and jobs--as many as 534,900--to the L.A. economy in 2013.



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Redevelopment Costs Match New Construction

LOS ANGELES--In this EXCLUSIVE interview, Kilroy Realty's Robert Paratte talks about the redevelopment market and what trends are attracting office tenants.



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Local Investor Nabs Rare Multifamily Asset

SANTA MONICA, CA--An investor buys a rare generational asset on Second St. in Santa Monica, with plans to renovate and reposition the asset to collect market rents.



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Servicon Nabs City's First LEED Platinum Cert.

CULVER CITY, CA--The newly completed Mahdesian Learning Center & Client Innovation Hub is the first in Culver City to earn a LEED-New Construction Platinum certification.



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Boutique Hotel Build Planned in NoHo

LOS ANGELES--A local developer buys a three-building parcel in North Hollywood with plans to build a 70-room boutique hotel, which will break ground later this year.



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Douglas Emmett Closes $89M Buy

ENCINO, CA--Hudson Pacific Properties sells the office property to Douglas Emmett, earning proceeds of $46 million after repaying a $43 million loan, GlobeSt.com reports in an UPDATE to a previous story.



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Few Threats Can Derail Growing L.A. Market

LOS ANGELES--Slow coming off the starting block, Los Angeles is finally enjoying the fruits of recovery. The first in an in-depth EXCLUSIVE series on the L.A. market, this wide-ranging conversation on the direction of the industrial and office markets will pave the way for more market-focused stories in future weeks.



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Miracle Mile Value-Add Fetches $24M

LOS ANGELES--An affiliate of Hillstreet Realty sells its 71-unit Miracle Mile apartment complex to a private investor after investing nearly $2 million in renovations.



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CBRE's Todd Doney Named Top Producer

LOS ANGELES--With 106 transactions totaling $623.5 million, Todd Doney earns the title of top producer in Downtown Los Angeles. In this EXCLUSIVE interview, he shares his downtown market expertise.



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AECOM Names New Chairman of the Board

LOS ANGELES--After being named CEO last year, Michael Burke sinks into the chairman of the board's seat, following the retirement of John M. Dionisio.



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Investor Scores on Rare Value-Add Apartments

SANTA MONICA, CA--Acting as a sponsor for an unnamed investor, Optimus Properties purchased a 25-unit apartment complex in a highly desirable Santa Monica submarket for $15.56 million.



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Single Industrial User Absorbs Nearly 300,00-SF

SANTA FE SPRINGS, CA--A logistics company signs the major lease at a class-B warehouse space in the already tight Mid-Counties market, which has a 3.1% vacancy rate.



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Downtown Whole Foods Build Opening Soon

LOS ANGELES--Eighth & Grand, the long-awaited Whole Foods anchored mixed-use project in Downtown Los Angeles from developer Carmel Partners, is set to open this summer.



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$42M Loan Closes with Locked Rate From July

LOS ANGELES--StarPoint Properties secures a loan through Freddie Mac's CME program, locking in a rate in July with a delayed close, GlobeSt.com reports in this UPDATE to a previous story.



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Mack Urban Begins $144M JV Development

LOS ANGELES--A joint venture between Mack Urban AECOM and Capri Capital Partners breaks ground on a 362-unit mixed-use complex in Downtown Los Angeles.



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Simon Property Moves Forward On Macerich Acquisition

SANTA MONICA, CA--The REIT disclosed it acquired a 3.6% stake in Macerich last year. It has made several approaches since then, including one within the last few weeks according to the Wall Street Journal.



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Multifamily Lands 80% LTC Financing

LOS ANGELES--Elite Real Estate secures $21 million in financing to develop an 80,000-square-foot apartment complex, the largest built in the upscale submarket in more than a decade.



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P2P Lending Gains Institutional Momentum

LOS ANGELES--In this EXCLUSIVE Q&A, AssetAvenue's David Manshoory talks about the history and rise of peer-to-peer lending in commercial real estate, and why institutional capital is now taking note.



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Kohl's Trades At Record-Low Cap Rate

REDANDO BEACH, CA--In a private transaction, an 88,000-square-foot triple-net-leased Kohl's retail store trades hands for a 4.8% cap rate, beating the previously lowest cap rate in the submarket by 50 basis points.



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Office Investors Double Down on Trophy Assets

BURBANK, CA--Two trophy office properties in the Media District sell for a combined $48 million, illustrating the healthy demand for office product in the Burbank submarket.



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Lenders Increase Leverage to Stay Competitive

LOS ANGELES--Lone Oak Fund's Alexa Mizrahi talks about the emerging trends in the capital markets this year, including an increase of private lenders, leverage and pricing.



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JV Scoops Up Redevelopment Office Property

SAN DIMAS, CA--Stillwater Investment Group, Greenlaw Partners and an affiliate of Walton Street Capital buys Overland Court, a two-building office property, with major renovation plans, GlobeSt.com reports EXCLUSIVELY .



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CA, Preparing for the Big One

LOS ANGELES--In this EXCLUSIVE commentary, Scott Adan, the director of seismic assessment at IVI International, takes a closer look at California's seismic retrofit ordinances.



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Ikea Names Contractor for Mega Project

BURBANK, CA--VCC will lead construction of Ikea's plans for a new, larger store in Burbank, which is set to break ground in the fall of this year, pending entitlements and approvals.



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Amazon Building Wins TCC Big Award

ATLANTA-- The I-215 Logistics Center was the first 1 million square foot speculative warehouse built in the region as it continued its recovery from the Great Recession.



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Downtown Highrise Fetches $200M

LOS ANGELES--Essex Property Trust has acquired 8th+Hope from developer Wood Partners. The project began in 2007, and produced a 290-unit, 22-story luxury building.



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Industrial Users Flee Downtown LA

LOS ANGELES--The Berenzweig Trust sells its downtown industrial office facility and buys a new property in Englewood in a 1031 exchange, GlobeSt.com reports EXCLUSIVELY .



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$200M Luxury Build Nears Completion

LOS ANGELES--Level DTLA, a 33-story, 300-unit luxury apartment complex from Canadian developer the Onni Group is set to open in Summer 2015.



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Value-Add Multifamily Fetches $53M

AGOURA HILLS, CA--Erzalow Co. buys a 178-unit multifamily complex, the second largest in the city, formerly known as Archstone Agoura Hills.



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