losangeles
Beech Street Provides $28M to Refinance an L.A. Portfolio
LOS ANGELES-L’Abri 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.
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.
Decron Buys Converted Apartment Units in Valencia for $57M
VALENCIA, CA-The Los Angeles-based company buys 264 units at the Madison at Town Center in Valencia from Prado Town Center West LLC, a JV between Regent Properties and Lennar.
$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.
JLL Wins Leasing Assignment for Warner Center IV
WOODLAND HILLS, CA-Jones Lang LaSalle Inc. has been selected to handle leasing assignment for a Class A office complex in Woodland Hills, California.
Related Starts Construction on The Village at Santa Monica
SANTA MONICA, CA-Related California has started construction on a $350-million mixed-use community in Santa Monica.
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.
HFF Secures $85M in Refinancing for 22-Property Portfolio
LOS ANGELES-Holliday Fenoglio Fowler LP has arranged $85 million in refinancing for a 22-portperty portfolio.
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.
Blackhawk Office Building Gets New Owner
MISSION HILLS, CA-Blackhawk Office Associates LLC has sold an office building in Mission Hills for $5.65 million.
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-LNR’s Warner Center IV property has immediate availability for users ranging from 10,000 square feet to 43,754 square feet.
Adrienne Barr Joins Hendricks & Partners as SVP
LOS ANGELES-Barr, who comes from CBRE, predicts that 2012 will be the best year that the multifamily market in the greater L.A. area has seen in a long time.
Retail Property Sector Defies Expectations
ENCINO, CA-Space absorption improved for the ninth consecutive quarter, while construction starts fell to their lowest levels in 20 years, says a report.
Development Site Is Expected to Fetch $30M
LOS ANGELES-The contiguous parcels of land in Santa Monica are zoned under the Land Use & Circulation Element, which encourages mixed-use development on the site.
City Gets First New Office Development in 20 Years
PLAYA DEL REY, CA-Cove Spring Partners begins construction on the Strand Offices at Playa del Rey, a project that will include two three-story buildings here.
Two Apartments On Block, May Fetch $77M-Plus
LOS ANGELES-Arbors Land Partners LLC and GID are separately selling two apartments in the L.A. area; both attractive opportunities for opportunistic investors, says Hendricks & Partners.
Hackman, Oaktree Affiliate JV To Energize Redevelopment Projects
LOS ANGELES-Capital will now be infused to fund building improvements and enhance leasing efforts, for Hackman’s 26-property national industrial portfolio.
Firm Arranges Two Finance Deals, Plans to Expand Personnel
BEVERLY HILLS, CA-Lucent Capital arranges two $12-million deals in Southern California, moves to larger offices, and plans new hires as it anticipates a ‘big spike in transaction volume this year.’
JLL Gets 300,000-SF Worth of Office Leasing Deals
SAN FERNANDO VALLEY, CA-Property owner Kennedy Wilson will finance ‘significant common-area improvements’ over the next six months on the Encino and Woodland Hills buildings.