UCLA Wins NAIOP Silver Shovel Award

LOS ANGELES--The five-member graduate student team imagines a mixed-use development on a 21-acre site to beat out USC for the prestigious award at the annual NAIOP SoCal Real Estate Challenge.



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Apartment Sales Could Edge Past '07 Totals

LOS ANGELES--Demand for apartments is still exceeding new supply, bringing the vacancy rate nationwide down 60 basis points below the long-term average, says CBRE.



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Oaktree and Intertex Buy Biomedical Portfolio

LOS ANGELES--The joint venture buys the Mann Biomedical Park and Sylmar Biomedical Park, a two-property portfolio, from an entity affiliated with Alfred Mann.



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UCLA Completes $115M Wasserman Building

LOS ANGELES--PCL Construction and Morley Builders complete tenant improvements on the Edie and Lew Wasserman-dedicated building at the campus, which will serve as a research and patient-care facility.



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Banks Show Proper Credit Discipline

LOS ANGELES--Luther Burbank Savings' Jason Pendergist, who is featured on Real Estate Forum's "Fifty Under 40" list, talks lending trends, noting that the banks are back with lessons learned.



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GCEAR, Signature Will Merge into $3B REIT

EL SEGUNDO, CA--Kevin Shields, Griffin Capital Essential Asset REIT's chairman and CEO, sees "additional scale, diversity and operating efficiencies" in the combined portfolio.



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Hotel Palomar Trades Hands for $79M

LOS ANGELES--Pebblebrook Hotel Trust buys the 264-room Kimpton-managed boutique hotel in its fifth California hotel purchase and 10th Kimpton Hotel purchase.



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