Natalie Dolce
Foreclosure Activity Increases 3% in January
IRVINE, CA-Even though there was an increase this month, according to RealtyTrac, that number is still down 19% from January 2011.
Beech Street Provides $28M to Refinance an L.A. Portfolio
LOS ANGELES-LAbri Management Inc., the borrower, had some close timelines to pay attention to. One of the six properties faces a maturity deadline sooner than the others.
High-Rise Breaks Ground, Signals New Construction Cycle
SEATTLE-An outside source tells GlobeSt.com that strong rent growth, in urban neighborhoods like this one, enables developers like Vulcan Real Estate to bring new, ground-up product to the market.
Commercial Real Estate Has and Will Outperform Other Asset Classes
LOS ANGELES-Industry leaders and speakers at the upcoming RealShare Real Estate 2012 conference share their insights on the market and say 2012 will be an excellent year for strategic acquisitions.
Demmon Partners Sells Multifamily Property for $48M
ROCKLIN, CA-FPA Multifamily buys a 452-unit multifamily community here on behalf of a fund that is targeted on purchasing $900 million of multifamily properties in the western US.
InterMountain Management Develops Two Marriott Hotels
LAKEWOOD, WA-The two properties, built next door to each other, will provide more than 200 new rooms in an area that has traditionally been underserved by the hospitality industry in this weeks wrap up of deals.
How To: Add Solar Energy to a Project and Get it Approved
CITY OF INDUSTRY, CA-Attorneys at Alvarez-Glasman & Colvin chat with GlobeSt.com about the law behind entitlements and zoning issues to develop solar panels, and about which acts developers must know.
$350M Mixed-Use Moves Dirt; Source Says ‘Timing is Right’
SANTA MONICA, CA-Related California breaks ground on the Village at Santa Monica, a development that will generate approximately 1,500 construction jobs over the next 24 months.
Marshall Reddick Makes Executive Appointments
ORANGE COUNTY, CA-The promotions of Ross Nelson and Scott Pastel come as the firm continues undergoing its five-year restructure and positions itself for a growth initiative.
Amazon’s Plans for Three New Towers
SEATTLE-The online retailer plans to build three commercial towers in Seattle, reports Bloomberg, potentially increasing the citys downtown office space by 7%.
Grubb & Ellis To Sell All Assets to BGC Partners
SANTA ANA, CA-Grubb & Ellis intends to implement the transaction as an asset sale under Section 363 of the US Bankruptcy Code and expects business to continue without disruption as it completes the sale process.
Two L.A. Law firms Make Big Personnel Moves
LOS ANGELES-Law firm Sheppard, Mullin, Richter & Hampton LLP elevates 12 of its attorneys to partner; while law firm Seyfarth Shaw LLP adds a six-attorney group to its real estate practice.
704,115-SF Speculative Industrial Building Moves Dirt
REDLANDS, CA-According to JLL, the vacancy rate in the greater Inland Empire is well below 4% with no competitive buildings under construction in Redlands, making this an optimal time for this type of spec construction.
HTA Gets $51M Medical Office in Off-Market Deal
NOVI, MI-Developed, owned, and operated since 2007 by a group of independent physician investors, the St. John Providence MOB is currently 99% leased.
Commercial Real Estate Solutions Gets Vegas Director
LAS VEGAS-Thirty-six-year veteran, Jeffrey Boughrum, will lead the independently owned and operated member of the Cushman & Wakefield Alliances intermountain hospitality group.
Four 1920’s-Era Brick Buildings Change Hands
LOS ANGELES-The 10-year acquisition financing totals $12.5 million, represents 73.5% of the purchase price and features a rate in the mid 4% range.
CBRE Hires Kevin Aussef to Lead Inland Empire Region
ONTARIO, CA-Aussef, who comes from Marcus & Millichap, will be based in the Ontario office, and as senior managing director, will oversee the delivery of the firms platform in the two-county region.
Read Investments Pays $30M for Five West Coast Properties
BERKELEY, CA-The locally based firms primary investment strategy is to focus on well-located neighborhood shopping centers in familiar secondary and tertiary markets in the Western US.
Residential Trends Are Trying to Blend With Commercial
LOS ANGELES-Experts at a recent CREW-LA program see an increase in creative office spaces and say that offices being leased today include spaces incorporating lounge areas and communal areas.
JLL Gets 509,923-SF Office Leasing Assignment
WOODLAND HILLS, CA-LNRs Warner Center IV property has immediate availability for users ranging from 10,000 square feet to 43,754 square feet.
