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LOS ANGELES—Kathleen Briscoe joins private investment management company AICI as COO and real estate investment officer to help the company fulfill plans of investing $50 to $100 million in capital over the next 12 months, GlobeSt.com learns in this EXCLUSIVE story.
SANTA MONICA, CA-Columbus Pacific Properties acquires a mixed-use property in Mississippi and repositions two shopping centers in Arizona and Indiana with three loans totaling $37 million.
COMPTON, CA-Meta Housing Corp. breaks ground on a $20-million-senior-housing-apartment complex, helping to supply much-needed affordable housing to seniors.
SANTA MONICA, CA-Hollywood Community Housing Corp. and Step Up on Second break ground on their second homeless housing development, Step Up on Colorado.
LOS ANGELES-The prestigious Energy Star certification illustrates that Partner Engineering & Science meets the EPA's rigorous standards and performs in the top 25% nationwide.
LOS ANGELES-Forecast LA from Beacon Economics shows the L.A. economy will improve slowly and steadily for the next few years, but major growth is still several years away.
SECAUCUS, NJ-Mountain Development Corp. of Woodland Park, NJ has acquired the One Harmon Plaza office building here for $11.5 million.
LOS ANGELES-The $85 million Line Hotel names NMS Capital Group as sole financial advisor to provide investment banking services for capital raising efforts and the transaction.
BEVERLY HILLS, CA-In this EXCLUSIVE story, Realty Mogul research shows that aggregate capital raised for real estate private placements accounted for $63 billion between 2009 and 2012, evidence that this category is making its mark in the industry.
LONG BEACH, CA-Urbana Development purchases five acres in Douglas Park to build two class-A medical office buildings totaling 90,000 square feet.
LOS ANGELES-The proposed design plans include multifamily and hotel space on the 6 acre plot the joint venture purchased late last year for $80 million.
LOS ANGELES-The PacMutual Campus in Downtown Los Angeles is the first historic building and the oldest building in the city to receive this level of LEED certification.
NEW YORK CITY—Following their best showing since 2005, price increases have begun slowing “and the strongest part of the recovery in home values may be over,” says S&P Dow Jones’ David M. Blitzer.
LOS ANGELES-DoubleTree LAX owner Stonecreek Properties enters a joint venture with Argosy Real Estate and Evolution Hospitality to purchase the hotel.
SANTA MONICA, CA-GoCoin expands its Santa Monica retail space to 7,000 square feet, occupying the entire third floor of the historic Keller Block building.
LOS ANGELES-Tom Cherry joins JLL as managing director of corporate solutions and tenant advisory services, focusing both regionally and nationally, GlobeSt.com learns in this EXCLUSIVE interview.
LOS ANGELES-According to new research conducted at the UCLA Luskin Center for Innovation, Los Angeles' FiT 100 program will provide 100 megawatts of clean power to the city by 2015.
LOS ANGELES-Studley promotes former assistant director Joshua Meltzer to managing director of the firm's West Los Angeles office.
LOS ANGELES-Realty Mogul crowdfunds five multifamily properties in the Los Angeles' Baldwin Hills neighborhood with 141 total units, GlobeSt.com learns in this EXCLUSIVE story.
SANTA MONICA, CA-IBISWorld sees strong growth in certain sectors as the rate of urbanization and the per capita income of city dwellers both accelerate in the next five years.
SAN PEDRO, CA-Topaz, a newly completed 11-story, 300,000-square-foot office tower on the waterfront in San Pedro, accommodates the influx of creative tech companies moving to the market.
MIAMI-Santa Monica, CA-based hedge fund Universa Investments is moving its headquarters to Miami.
LOS ANGELES-A 30-unit apartment complex in West Hollywood receives 39 offers from potential buyers, eventually selling for $550,000 above the asking price.
LOS ANGELES-Private investment firm TPG acquires the Arden Group Inc., the parent company of Gelson's Markets, in a transaction valued at $394 million.
IRVINE, CA-Auction.com and Starwood Mortgage Capital will conduct an online auction of the historic Woolworth Building on 719-725 S. Broadway in Downtown L.A. on March 10.
NORWALK, CA-Icon Builders completes the Norwalk Tower, a 185-unit affordable senior housing complex built and acquired using 9% low-income tax credits from TCAC and HUD.
LOS ANGELES-CBRE Global Corporate Services expands its international services relationship with Bank of America to cover Europe, Middle East, Africa, Asia Pacific and Latin America.
PASADENA, CA-A joint venture between Urban Commons and Brighton Management acquires the 333-room Sheraton Pasadena with a 20-year commitment from the hotel chain to remain at the location.
LOS ANGELES-With three major developments underway in the Hollywood market, including Columbia Square, Kilroy Realty EVP David Simon talks with Kelsi Maree Borland about the company's attraction to Hollywood.
LOS ANGELES-Shanghai developer Greenland USA releases the phase I renderings of the $1 billion high rise project in Downtown Los Angeles, which include a 19-floor hotel and a 38-floor multifamily tower.
LOS ANGELES-With 15 topical panels, the annual USC Real Estate Law and Business Forum gives real estate professionals the opportunity to travel outside their field of expertise to gain new knowledge, program committee member Glenn Sonnenberg tells Kelsi Maree Borland.
LOS ANGELES-Partner Engineering & Science adopts the newest technology from Environmental Data Resources: a web-based app that collects data in one place to increase efficiency.
LOS ANGELES-City of Hope signs a 10-year lease with MetLife at the San Gabriel Valley Corporate Campus, expanding its leased space to 167,655 square feet.
CHICAGO-An affiliate of J.P. Morgan Investment Management Inc. has acquired a luxury apartment building in the West Loop for $32.5 million.
LONG BEACH, CA-In response to growing demand, HCP prices an offering of $350 million of 4.2% senior unsecured notes due in 2024 with a yield-to-maturity of 4.257%.
SANTA MONICA, CA-A private investor acquires a three-property, 66-unit apartment portfolio for $28.5 million, or $432,000 per unit—$1.5 million above the asking price.
LOS ANGELES-To accommodate growth from the development boom, Meta Housing Corp. names Kasey Burke as president, focusing on expanding niches and the firm's affordable housing business.
LOS ANGELES-The $60 million sale of Milano Apartment complex reveals steep competition in the South Bay multifamily market, IPA's Ron Harris and Greg Harris tell Kelsi Maree Borland in this UPDATE to a previous story.
LOS ANGELES-The CIM Group buys a seven-asset portfolio that includes Two California Plaza and Montclair Plaza from CWCapital Asset Management as part of a larger REO sale.
LOS ANGELES-ECA Capital secures $120 million in financing to recapitalize and reposition a 20,727-square-foot, prime retail property in a prime location on Rodeo Drive in Beverly Hills.
PALMDALE, CA-Meridian Property Co. sells the third building at its 34,000-square-foot Sierra Pelona Medical Center to Joshua Medical Group, a local family practice.
LOS ANGELES-The opening of the Ace Hotel at the former United Artists Theater in Downtown Los Angeles shows off the city's historic charm, which is unique to downtown.
MIAMI—Andrew Melzer, a senior litigation counsel at Sanford & Heisler, tells GlobeSt.com's Jennifer LeClaire what we can learn from employee litigation strategies in the courts right now.
BEVERLY HILLS, CA-A more-affordable entry to homeownership and also popular thanks to the urban boom, condominiums are making their return on the development and investment scenes, ETCO Homes’ Bob Etebar tells Carrie Rossenfeld.
PASADENA, CA-Greenbridge Investment Partners acquires the historic 1925 Star News Building and a non-adjacent, above-grade parking structure for $16.5 million.
BOCA RATON, FL-Republic Western Investments of Los Angeles has acquired two distressed commercial office properties in Pal Beach County from Florida Community Bank.
LOS ANGELES-The Ratkovich Co.'s 5900 Wilshire property, along with several other Downtown Los Angeles buildings, shined in the shape of a heart last week to promote women's heart health.
LOS ANGELES-Michael Hurst joins Karlin Real Estate as co-managing director of real estate lending after seven years as head of the real estate lending platform at Buchanan Street Partners.
MIAMI—Jonathan W. Hipp, president and CEO of Calkain, tells GlobeSt.com's Jennifer LeClaire how the firm plans to expand rapidly in this EXCLUSIVE interview.
LOS ANGELES-M West Holdings, a private real estate investment firm, acquires the 248-unit, amenity rich Milano Apartment complex in the South Bay community of Torrance.
LOS ANGELES-In this EXCLUSIVE Q&A, GlobeSt.com chats with the firm’s EVP and general counsel on the firm’s more aggressive stance in Arizona, and its strategy going forward.
LOS ANGELES-AvalonBay Communities and MVE & Partners team to develop a new LEED Silver-certified mixed-use community in West Hollywood with market rate and affordable housing units.
LOS ANGELES-Former Thomas Properties Group senior managers Thomas Ricci, Randall Scott and John Sischo join Oak Pass Capital founder Charles Toppino to form a new joint venture, Coretrust Capital Partners LLC.
LOS ANGELES-Global manufacturer Flowserve US signs a 53,000-square-foot lease, 5-year lease with the Clark Family to expand its Southern California industrial storage space.
LOS ANGELES-CBRE welcomes Robert “RJ” Luth, Jr., Robert Doxsee and Daniel Eshbaugh to its Capital Markets Business Lending Group, focusing on the Northeast, Northwest and Midwest.
LOS ANGELES-According to an Institutional Property Advisors research brief, the economy will have its largest growth spurt since 2005 this year.
NEW YORK CITY-Posting its best performance last year in eight years, the sector realized over 325 million square feet of leasing activity.
LOS ANGELES-Dealing with sensitive information will become more of an issue as digital investments continue to rise, according Realty Mogul’s Jilliene Helman tells GlobeSt.com.
LOS ANGELES-China-based Greenland Group purchases the Metropolis development site Downtown from a joint venture. The land is entitled for 1.65 million square feet of multifamily, hotel, office and retail.
CALIFORNIA-The Pennsylvania-based company acquires 5,200 entitled homes sites in established coastal communities.
HORSHAM, PA-Luxury homebuilder Toll Brothers, Inc. has completed its $1.6 billion cash purchase of Shapell Homes, the private California land development and home building company, and 5,200 entitled coastal sites.
CERRITOS, CA-Cerritos Best Plaza LLC sells its eponymous $375,220-square-foot shopping center here for $173 per square foot, GlobeSt.com learns EXCLUSIVELY.
WARREN, NJ-A portfolio that includes the Verizon Wireless headquarters building here and four other office and industrial properties in Arizona, North Carolina, Ohio and Texas has been financed for Griffin Capital through HFF..
LOS ANGELES-The firm originates and funds loans across 15 states in the last two years, whereas in 2010 it had not yet closed a deal outside California, its principals tell GlobeSt.com.
WARREN, NJ-A portfolio that includes the Verizon Wireless headquarters building here and four other office and industrial properties in Arizona, North Carolina, Ohio and Texas has been financed for Griffin Capital through HFF..
LOS ANGELES-The recent ‘FutureBuild: Space Changers’ conference here reveals technology that can create 3D printed homes in 22 hours and several instant parks emerging in L.A.
LOS ANGELES-BERLINE-CBRE to expand building consultancy in Germany with addition of technical due diligence specialists.
BURBANK, CA-The five-story, 170-room SpringHill Suites by Marriott hotel here represents the continued revitalization of Downtown Burbank, paying homage to the area’s rich history in the entertainment industry.
LOS ANGELES-Tishman Speyer to promote new development as offering an integrated indoor/outdoor lifestyle adjacent to amenity-rich park.
LOS ANGELES-Lending to developers who buy homes do major renovations before selling them is a new niche for Arixa Capital Investors, Jan Brzeski tells Carrie Rossenfeld in this UPDATE to an earlier story.
LOS ANGELES-When buying a core property, what you see is what you get, says Gary Goodman, SVP of acquisitions at Passco Cos. LLC in this EXCLUSIVE Q&A.
LOS ANGELES-The newly formed consulting firm is dedicated to providing EB-5 financing to the real estate and hospitality industries.
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