LOS ANGELES—Vestar begins a $12-million renovation project on the Peninsula Center and signs leases with four retailers, including Sports Authority and Ulta Beauty.
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Thursday, July 2, 2015
CBRE GI Closes Value-add Fund at $1.3B
LOS ANGELES—With about $75% of US Value 7 committed to date, the Strategic Partners team has “already made substantial progress toward executing a disciplined and selective investment plan,” says president Vance Maddocks.
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Wednesday, July 1, 2015
New Homes Land in Eagle Rock
LOS ANGELES—Planet Home Living is under construction on PRISM, a 15-home community in Eagle Rock priced in the $600,000 range and scheduled to open in September.
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Transwestern President George Garfield Passes
LOS ANGELES—The western regional president passes away after battling ALS. Here, we remember him and his contribution to our industry.
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Life Co. Grants Watt Plaza $220M
CENTURY CITY, CA—The 903,000-square-foot office campus secures a 15-year fixed-rate loan through Prudential Mortgage Capital Co., which is looking to lend to these types of high-quality properties.
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Where is the Yield for Investors?
LOS ANGELES—Developing medical-office buildings and paying close attention to timing in each market are two ways investors are increasing yield in a low-cap-rate environment, said speakers at RealShare National Investment & Finance.
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Is an Investment Slowdown a Good Thing?
LOS ANGELES—With so much capital in the market, a potential tapping of the brakes by investors could be a welcome change in the near future, said speakers at RealShare National Investment & Finance.
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