Tenants Already Touring Herald Examiner

LOS ANGELES—Developers have only just announced plans to renovate the historic downtown building, but tenants are already showing interest, GlobeSt.com reports in this UPDATE to an earlier story.

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Apartments Get $31M to Go Condo

LOS ANGELES—Thanks to the recovered economy, AMI Real Estate converts Universal Lofts into a condo development and secures a $31 million loan refinance the property, GlobeSt.com reports EXCLUSIVELY.

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More Mixed-Use Builds Come to South Park

LOS ANGELES—Forest City hires Suffolk Construction to build two multifamily mixed-use projects in Downtown Los Angeles totaling 391 units and 15,000 square feet of retail.

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Microfund Slated to Earn 19% Return

LOS ANGELES—Beach Front Properties closes its Beach Front Vintage 2014 Fund, its 23rd microfund, which it expects will generate 19% returns.

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Physicians Group Buys Office Complex for Nearly $117M

WALTHAM, MA—American Realty Advisors of Glendale, CA has sold a nearly 295,000-square-foot three-building office complex here for $116.7 million to the building’s largest tenant—the Massachusetts General Physicians Organization.

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JV Goes to Work on The Herald Examiner

LOS ANGELES—The Georgetown Co. and the Hearst Corp. partner up to transform the historic Herald Examiner building into a creative office, retail and restaurant space.

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Value-Add, Condo-Mapped Building Flies

LOS ANGELES—A new Jersey-based developer sells a condo-mapped apartment building for $23 million with plans to overhaul to the property, adding new countertops, flooring, appliances and amenities.

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