Partners Capital Grows Business by 53%

CALABASAS, CA-The private portfolio capital provider funds 77 deals totaling more than $200 million in 2013, over 80% for repeat clients.

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Cushman Wakefield Moves 400,000 SF Warehouse

COMMERCE, CA-Randolph Business Center is fully-leaed to a shipping company. Sources say the sale brought $55 million.

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Tishman Selected for Metropolis Project

LOS ANGELES-Groundbreaking planned for February for phase one of the massive downtown mixed use project.

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Matkins Survey Shows Developer Optimism

LOS ANGELES-Statewide confidence among developers increases slightly since the previous survey in June 2013, the latest Allen Matkins/UCLA Anderson Forecast shows.

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SoCal's Industrial Recovery 'A Paradox'

LOS ANGELES-Jobs and imports are only halfway back, yet Southern California leads net absorption with 72 million square feet, Prologis’ Chris Caton says during the recent AIR Market Review & Forecast here.

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L.A. Firm Opens 2014 With $237M in Financings

LOS ANGELES-GlobeSt.com EXCLUSIVELY learns that it secured loans from Wells Fargo ($135 million), U.S. Bank ($60 million) and a CMBS loan, also through Wells Fargo ($36.7 million).

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BentleyForbes Forms Luxury Apt. JV

LOS ANGELES-The real estate investment firm partners with Del American Real Estate Group to form BentleyForbes Del American, a best-in-class developer of luxury apartment properties.

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Anthony Cinquini Joins Berkadia's L.A. Office

LOS ANGELES-Cinquini is hired as SVP for the firm’s loan originations team, specializing in FHA and Fannie Mae structured facilities and financing for taxable and tax-exempt bond executions.

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The Vermont Expected to Fetch $310M

LOS ANGELES-Industry experts tell GlobeSt.com the luxury, transit-oriented apartment/retail community currently being developed by J.H. Snyder here could ultimately sell for $310 million.

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Griffin Capital Partners With Habitat for Humanity

LYNWOOD, CA-In the firm's first Habitat partnerhip, 40 employees helped build two homes in a seven-home project.

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Morley Builders Hires Jan Karl

SANTA MONICA, CA-The firm’s new VP of business development has a wealth of experience and industry knowledge to help provide general contracting services throughout Southern California.

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CBRE Taps Grantham for Americas Corp. Services

LOS ANGELES-A veteran of corporate services with both CBRE and Trammell Crow prior to its merger, Grantham will oversee all regional GCS regional leadership in the Americas.

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A Look at Property Value Assessments Increase

LOS ANGELES-Local expert Scott Farb of Cohn Reznick tells GlobeSt.com that inflation doesn't appear to be a concern for real estate investors for the near future, but he says there is a mixed message on the overall optimism.

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Case-Shiller Index Posts Best Y-O-Y Gain Since '06

NEW YORK CITY-However, “the rate of increase slowed” in November, says S&P Dow Jones’ Blitzer, and Auction.com’s Rick Sharga predicts a further slowdown in appreciation as 2014 progresses.

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JLL: Record Chinese Buying Tip of Iceberg

CHICAGO—The Chicago-based firm just released a study showing Chinese buyers poured $7.6 billion into overseas real estate investments over 2013, a 125% increase over 2012.

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Josker Takes Over L.A. North Region

LOS ANGELES-CBRE promotes David Josker to managing director of the firm’s Los Angeles North region, covering leasing, sales, property management, debt and structured finance and more.

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CNL Healthcare Spends $60M on Four MOBs

ORLANDO—The deals bring CNL Healthcare’s total investment to $300 million. The healthcare REIT has acquired 26 non-senior living healthcare facilities since making its first purchase in January 2013.

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New Multifamily Director for HFF LA

LOS ANGELES-Specialist Marc Schillinger is coming from George Smith, and bringing an analyst associate.

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Kennedy Wilson Buys Distressed LA Retail Center and Multifamily Site

LOS ANGELES-In December, the firm spent $30 million to purchased debt on the center, and an adjoining multifamily site, and last we it acquire the properties from bankruptcy.

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Retail Flight to Quality Continues

LONG BEACH, CA-National retail tenants are focusing on centers with the best positioning and visibility and the highest traffic counts, say panelists at ACRE’s 2014 Industry Forecast here.

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5 Questions to Ask About Crowdfunding Sites

LOS ANGELES-Five questions are key to minimizing risk when choosing a crowdfunding platform, whether you’re an operator or an investor, Asset Avenue’s David Manshoory tells Carrie Rossenfeld in this UPDATE to an earlier story.

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Caverly: Creative is More Than a Look

LOS ANGELES-The creative-space trend goes beyond form to help companies function more efficiently, EVOQ Properties’ Martin Caverly tells Carrie Rossenfeld in this EXCLUSIVE story.

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SRG Closes Out Pacific Pointe for $54M

LONG BEACH, CA-The developer and property-management firm leases or sells all seven premium headquarters buildings at LEED-certified Pacific Pointe at Douglas Park here.

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Avison Young Signs Four Tech Leases

LOS ANGELES-The broad LA area, from Pasadena to West LA has become attractive to expanding tech firms.

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New Rules for Naming Accredited Investors

LOS ANGELES-The SEC’s Rules 506(b) and 506(c) allow for two ways crowdfunding firms can qualify investors as accredited, but there are caveats, Asset Avenue’s David Manshoory tells GlobeSt.com.

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Klabin Firm Acquired by Principals

TORRANCE, CA-Five firm veterans have purchased the 54-year-old firm, one of the top in Los Angeles.

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ALIS Honors Top Hospitality Companies

LOS ANGELES-The Americas Lodging Investment Summit announces the finalists for the 2013 Awards, which honor the top hospitality executives and companies of the year.

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Conejo Valley Retail Development Up

WESTLAKE VILLAGE, CA-Experts at the Ventura and Conejo Valley 2014 Economic Forecast had a positive outlook on 2014, predicting retail development will increase while office vacancy rates will drop by yearend.

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Healthcare Property Trades Hands

PASADENA, CA-Healthcare growth prompted by the Affordable Care Act drives Markwood Enterprises to purchase a Pacific Clinics office building.

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BidClerk Reports Big Construction Boosts

CHICAGO—The provider of construction project data just published its BidClerk Construction Index, and found that the average value for construction contract values in 2013 shot up more than 30% over the previous year.

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Wilshire Grand Finally Breaks Ground

LOS ANGELES-The Wilshire Grand hotel development in Downtown Los Angeles will break the Guinness Book of World Records for largest continuous concrete pour when construction officially commences in February.

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Assisted Living Facilities Come to Market

WESTLAKE VILLAGE, CA-LTC Properties renews two assisted living facility leases as it launches efforts to re-lease 37 additional assisted living facilities in the Pacific Northwest, Midwest and Texas.

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Duns Capital Renovates DT Office Building

BEVERLY HILLS, CA-Duns Capital secures $11 million to renovate and reposition a vacant office building in Downtown Los Angeles' Historic Core district.

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5-Building Office Campus Trades Hands

WESTLAKE VILLAGE, CA-Investco Real Estate acquires the 238,943-square-foot, five-building office campus from a partnership between Amstar, the Travelers Cos. and Searles Property Group.

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RCS Buys Cetera Financial For $1.15B

NEW YORK CITY-“This transaction enables us to diversify our revenue streams and position our securities sales business to attract best-of-class third-party sponsors,” says RCAP CEO William Kahane.

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3rd St. Promenade Mixed-Use Fetches $20M

SANTA MONICA, CA-A joint venture between Lincoln Property Co. and Centennial Real Estate acquires a mixed-use property on the Third Street Promenade for $20.5 million.

via Los Angeles http://ift.tt/1eNk93U

Glendale MF Receives Multiple Offers

LOS ANGELES-With Glendale's popularity on the rise, Winchester Apartments, a 32-unit multifamily property, receives multiple offers before C & P Properties wins the bidding war, GlobeSt.com reports in this EXCLUSIVE story.

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KB Home Buys More Land in Houston

HOUSTON-Home builder KB Home reports it has purchased lots for several new communities in a number of Houston submarkets, including Anserra and Waterstone in Katy, Canterbury Park in Pearland, Tour 18 in Humble, and Wedgewood Falls in Conroe.

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Tri Pointe Acquires Home Unit of Weyerhauser

IRVINE,CA-The 2.7 billion deal makes Tri Pointe will become one of top home builders in the county.

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2014 Neighborhoods to Watch May Surprise You

SEATTLE-L.A.’s Eagle Rock and San Francisco’s Bernal Heights North Slope lead Redfin’s real estate neighborhoods to watch in 2014. Highly ranked schools and scenic community parks look like the common thread among the top.

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Media District Shows Strong Fundamentals

BURBANK, CA-The recent refinance of the Pointe office building shows improving submarket fundamentals, Mesa West's Ronnie Gul tells GlobeSt.com in this UPDATE to a previous story.

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Hessam Nadji: Confidence and Certainty for 2014

NEW YORK CITY-In a new video, Hessam Nadji cites renewed confidence and political and economic certainty as the keys to an optimistic 2014.

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Speculative Industrial Development Up in '14

LOS ANGELES-CBRE research shows that rising rental rates will make speculative industrial development more attractive to developers in 2014.

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Oak Coast Plans WEHO MF Build

LOS ANGELES-Oak Coast Construction reveals plans for a high-end, 53-unit apartment complex development that will begin construction in Fall 2014.

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Office Property Receives $220M Loan

BURBANK, CA-A joint venture receives a $220-million refinancing loan with $35 million of mezzanine debt for its trophy Burbank office property, the Pointe.

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MF Starts Post Double-Digit Gains

DALLAS- Some 221,000 apartment units were completed nationwide over the 12 months ending in November, while 346,000 units were under construction, says locally based Axiometrics.

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CBRE Group Adds Project Management

LOS ANGELES-CBRE Group signs a long-term deal with Carlson to add project management to its services for a handful of US locations and its global headquarters.

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DT Multifamily Build Secures $70M

LOS ANGELES-Piero II Apartments, a 335-unit multifamily complex in Downtown Los Angeles, secures $70 million for a cash-out refinance that will cover $65 million in construction costs.

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La Kretz Campus Secures Tax Credits

LOS ANGELES-The $46 million clean tech center development, La Kretz Innovation Campus secures $14 million in new market tax credits from U.S. Bank.

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Plaza del Rancho Center Hits Market

VALENCIA, CA-The 53,000-square-foot Plaza del Rancho retail center comes onto the market with a listing price of $16 million.

via Los Angeles http://www.globest.com/news/12_773/losangeles/retail/Plaza-del-Rancho-Center-Hits-Market-341639.html

Investors Still Bullish on DTLA in 2014

LOS ANGELES-Investors at the recent Downtown LA: Opportunity Knocks conference are looking forward to continued growth in the downtown market, especially in the hospitality sector.

via Los Angeles http://www.globest.com/news/12_773/losangeles/multifamily/Investors-Still-Bullish-on-DTLA-in-2014-341638.html

Kilroy Closes on 13 Office Property Buy

SAN DIEGO-The sales price reflects strong investor demand for well-located, high quality properties, says a source.

via Los Angeles http://www.globest.com/news/12_773/sandiego/office/Kilroy-Closes-on-13-Office-Property-Buy-341634.html

SBE Moves to Ratkovich Property

LOS ANGELES-SBE Entertainment signs a 30,000-square-foot lease with naming rights at the Ratkovich Co.’s Landmark 5900 Wilshire property for its corporate headquarters.

via Los Angeles http://www.globest.com/news/12_773/losangeles/office/SBE-Moves-to-Ratkovich-Property-341600.html

South Bay Office Market Keeps Growing

LOS ANGELES-Tecolote Research moves its regional headquarters from Manhattan Beach to El Segundo, signing a 22,626-square-foot lease at Campus 2100, GlobeSt.com reports in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_772/losangeles/office/South-Bay-Office-Market-Keeps-Growing-341596.html

Super King Markets Expands Operations

COMMERCE, CA-In a move to accommodate growth, Super King Markets signs a lease at a 64,000-square-foot industrial facility at Terreno Realty Corp.'s Garfield Business Center.

via Los Angeles http://www.globest.com/news/12_772/losangeles/industrial/Super-King-Markets-Expands-Operations-341595.html

Community Partnerships Key in City Growth

GLENDALE, CA-Rick Lemmo of Caruso Affiliated talks with GlobeSt.com reporter Kelsi Maree Borland about Glendale's ongoing success and revitalization in this UPDATE to a previous story.

via Los Angeles http://www.globest.com/news/12_772/losangeles/development/Community-Partnerships-Key-in-City-Growth-341564.html

CMBS Loans Major Player in 2014

LOS ANGELES-During an office and industrial market report webcast, Marcus & Millichap experts predict another bullish year with a wide variety of financing options, including the prominence of CMBS loans.

via Los Angeles http://www.globest.com/news/12_771/losangeles/office/CMBS-Loans-Major-Player-in-2014-341542.html

ROC Reveals Developments on the Horizon

LOS ANGELES-ROC CEO talks about plans for a major future office development that will it claims will be a Mecca for innovative business for the next century.

via Los Angeles http://www.globest.com/news/12_771/losangeles/development/ROC-Reveals-Developments-on-the-Horizon-341539.html

Kennedy Wilson To Sell 8M Shares

LOS ANGELES-Kennedy Wilson plans to sell 8 million share of its common stock in an underwritten public offering with plans to use proceeds for future acquisition opportunities.

via Los Angeles http://www.globest.com/news/12_771/losangeles/finance/Kennedy-Wilson-To-Sell-8M-Shares-341504.html

Retail Center Snags $18M

LAKEWOOD, CA-A Kohl's shopping center receives an $18.3-million, 10-year refinancing loan with a $3.8 million line of credit intended for future repairs to the property.

via Los Angeles http://www.globest.com/news/12_770/losangeles/retail/Retail-Center-Snags-18M-341496.html

BH Properties Ends '13 Big

LOS ANGELES-BH Properties ends 2013 with $100 million in transactions and $82 million in acquisitions, a 57% increase over 2012, GlobeSt.com reports in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_770/losangeles/acquisitions_dispositions/BH-Properties-Ends-13-Big-341495.html

18-Acre Infill Site Trades Hands

INGLEWOOD, CA-Shopoff Land Fund II secures $22.5 million in equity and debt financing to acquire and entitle 18.6 acres of infill land, GlobeSt.com reports in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_770/losangeles/multifamily/18-Acre-Infill-Site-Trades-Hands-341442.html

CBRE Names New Americas Research Leader

LOS ANGELES-CBRE Group names Dr. Randy Anderson, a former University of Central Florida Professor, the new head of Americas research, under CBRE’s Americas Operations Management Board.

via Los Angeles http://www.globest.com/news/12_769/losangeles/employment/CBRE-Names-New-Americas-Research-Leader-341433.html

Wilshire Robertson Plaza Gets $18M

BEVERLY HILLS, CA-The Wilshire Robertson Plaza, an 119,421-square-foot office building, receives $18-million, 9-year loan through a life insurance company.

via Los Angeles http://www.globest.com/news/12_769/losangeles/office/Wilshire-Robertson-Plaza-Gets-18M-341432.html

TruAmerica Likes Seattle, Silicon Valley

LOS ANGELES-The firm makes acquisitions in two Western markets where it sees potential in workforce housing, the firm’s Robert Hart tells Carrie Rossenfeld in this UPDATE to an earlier story.

via Los Angeles http://www.globest.com/news/12_769/losangeles/multifamily/TruAmerica-Advances-in-Seattle-Silicon-Valley-341413.html

Glendale Becomes a Top Neighborhood

GLENDALE, CA-A slew of new developments in 2013, including $70 million in renovations at the Americana and a new 42-unit mixed-use complex, position Glendale as one of L.A.’s top neighborhoods.

via Los Angeles http://www.globest.com/news/12_769/losangeles/development/Glendale-Becomes-a-Top-Neighborhood-341402.html

Forest City Makes Big DTLA Buy

LOS ANGELES-Forest City Enterprises purchases a 94,000-square foot lot near the old Herald Examiner Building with plans to develop two mixed-use properties.

via Los Angeles http://www.globest.com/news/12_768/losangeles/acquisitions_dispositions/Forest-City-Makes-Big-DTLA-Buy-341382.html

Westwood Financial's Record Year

LOS ANGELES-Westwood Financial Corp. achieves its most prosperous year in the company's 42-year history with $325 million in sales, GlobeSt.com reports in this EXCLUSIVE story.

via Los Angeles http://www.globest.com/news/12_768/losangeles/retail/Westwood-Financials-Record-Year-341380.html

LTC Offers Common Stock Cash Dividend

LOS ANGELES-LTC, a self-managed REIT, declares a monthly cash dividend of its common stock for the first quarter of 2014.

via Los Angeles http://www.globest.com/news/12_768/losangeles/finance/LTC-Offers-Common-Stock-Cash-Dividend-341339.html

Nazarian To Design Hollywood Mixed-Use

LOS ANGELES-Camden Property Trust hires SBE Entertainment's Sam Nazarian to design the Camden, a 287-unit mixed-use apartment building in Hollywood.

via Los Angeles http://www.globest.com/news/12_767/losangeles/development/Sam-Nazarian-To-Design-Hollywood-Mixed-Use-341337.html

Chinatown Mixed-Use Trades Hands

LOS ANGELES-Real estate developer Tom Gilmore acquires a 30,344-square-foot mixed-use complex in Chinatown for $10 million from Mr. Yee Edmond Wong, a private investor.

via Los Angeles http://www.globest.com/news/12_767/losangeles/acquisitions_dispositions/Chinatown-Mixed-Use-Trades-Hands-341336.html

Public REIT Leasing Exceeds 1M RSF

PASADENA, CA-Alexandria Real Estate Equities Inc., a self-managed REIT, exceeds 1 million rentable square feet over 57 lease transactions to date in the fourth quarter of 2013.

via Los Angeles http://www.globest.com/news/12_767/losangeles/leasing/Public-REIT-Leasing-Exceeds-1M-RSF-341288.html

Public Storage Float Wins Design Award

GLENDALE, CA-Public Storage's Rose Bowl Parade float, Adventures in Space, wins the Grand Marshal's Trophy for creativity and design.

via Los Angeles http://www.globest.com/news/12_766/losangeles/other/Public-Storage-Float-Wins-Design-Award-341283.html

Crowdfunding Platform Hits Benchmark

BEVERLY HILLS, CA-Realty Mogul, a crowdfunding real estate investment platform launched in March 2013, acquires $10 million in 27 properties during its first year.

via Los Angeles http://www.globest.com/news/12_766/losangeles/finance/Crowdfunding-Platform-Hits-Benchmark-341282.html

Chinese Developer Plucks 5 Acres

LOS ANGELES-Chinese developer Oceanwide Real Estate Group acquires 4.6 acres downtown, revealing increased Chinese interest in the L.A. market, GlobeSt.com reports in this UPDATE to a previous story.

via Los Angeles http://www.globest.com/news/12_766/losangeles/acquisitions_dispositions/Chinese-Developer-Plucks-5-Acres-341254.html