MANHATTAN BEACH, CA—C.W. Driver completes construction of the $19 million Manhattan Beach Library, a LEED-certified project that they helped design and build—a trend that is becoming more common for builders.
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Friday, May 8, 2015
Office Market At Its “Healthiest”
LOS ANGELES—The 1Q15 numbers are in, and they show that the office market is the strongest it has been in several years, according to Lee & Associates’ CEO Jeff Rinkov.
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Stream Realty Buys and Renovates Pacific Center
LOS ANGELES—The investor secures a $49.9 million loan to acquire the 302,628-square-foot office building and perform renovations to the lobby and interior units, GlobeSt.com reports EXCLUSIVELY.
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Thursday, May 7, 2015
Competition Soars for Grocery-Anchored Retail
LOS ANGELES—JH Real Estate Partners buys the Hawaiian Gardens Town Center, a 124,645-square-foot grocery-anchored shopping center, for $33 million in a competitive transaction that drew multiple offers.
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Infill Industrial Garners Great Returns
LOS ANGELES—Rexford Industrial acquires an infill single-tenant facility and an infill 10.26-acre paved storage facility in two off-market transactions.
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Wednesday, May 6, 2015
Retail Vacancy Rates Hit All-Time Lows
LOS ANGELES—The historically low vacancy rates in urban core markets are expected to boost retail development, and therefore absorption, which has lagged so far in the recovery.
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DTLA’s Tallest Living Wall Opens
LOS ANGELES—Rising Realty Partners completes construction of Downtown Los Angeles’ first pocket park and an 80-foot living wall at its PacMutual Campus in Downtown Los Angeles.
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