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• California Landmark Group Wraps Up Work on Res Project in L.A.’s Silver Lake Neighborhood
4/15/24
California Landmark Group (CLG) has finished work on the 100-unit M1byCLG (M1), the largest multifamily development in Los Angeles’ Silver Lake submarket since 2015.
M1 represents California Landmark’s entry into one of Lo...
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• LA County Office Market Grapples with Record Vacancies
4/12/24
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
Despite the continuous rise in vacant space and ongoing construction projects, weak demand is hindering the LA County office market's...
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• Cityview Wraps Up Work on Apartment Project in L.A.’s Historic Filipinotown
4/11/24
Cityview has completed work on Belle on Bev – a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi). Now leasing, Belle on Bev features modern apartments stylized with art deco design inspired by the area’...
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• Commercial Real Estate Financing Briefs
4/09/24
GANTRY - Tony Kaufmann and Joe Foley with Gantry have arranged non-cross collateralized permanent loans totaling $30 mil for one sponsor to refinance two adjacent, Tempe, AZ industrial properties encompassing 298.3k sf of spa...
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• Andrew Jennison and Daniel Pickart Join Newmark
4/08/24
Andrew Jennison and Daniel Pickart have joined Newmark as Vice Chairman and Senior Managing Director, respectively. Based in the Century City office, the team will contribute to the growth of Newmark's Private Capital Market ...
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• Housing Authority of the City of Los Angeles Spends $43 Mil for 120-Unit Res Property in the City’s La Fayette Park Neighborhood
4/04/24
In a notable multifamily trade in Los Angeles, a three-story, 120-unit apartment community in the city’s historic La Fayette Park neighborhood sold for $43.44 mil, or $362k/unit. The property, consisting of a 91k sf building ...
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• Work Gets Underway on Student Housing Project at California State University, Long Beach
4/04/24
California State University, Long Beach (CSULB) has broken ground on La Playa Residence Hall, a 108k sf student housing project designed by global architecture and design firm Perkins&Will. The project is a part of the State ...
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• West Los Angeles Office/Retail Campus Lands $65 Mil Refi
4/03/24
A Lincoln Property Company affiliate has obtained a $65 mil refi for Wateridge, a six-building, 583.6k sf office and retail campus in West Los Angeles. The Lincoln entity, LPC Realty Advisors I LLC, purchased the asset in 201...
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• Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment
4/02/24
Rexford Industrial Realty acquired approximately 3 msf of industrial properties from Blackstone Real Estate entities in deals totaling $1 bil. The combined purchase consists of 48 properties and works out to an average price ...
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• Multifamily Sector Leads the Commercial Real Estate Market in L.A. County
4/02/24
This report was provided by real estate services firm NAI Capital Commercial
Throughout the first quarter of 2024, L.A. County's commercial real estate market responded to prevailing economic trends by witnessing a predomin...
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• Greystar Real Estate Partners and The Resmark Companies Secure $95 Mil in Construction Money for Santa Clarita Res Project
3/29/24
A joint venture between Greystar Real Estate Partners and The Resmark Companies is one step closer to breaking ground on a 259-unit res development in Santa Clarita after obtaining a senior construction loan of $95 mil from K...
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• R&V Management and Trammell Crow Residential Secure $200 Mil for Construction of a 600-Unit Res Project in Downtown Long Beach
3/26/24
A major residential development in downtown Long Beach is closer to getting underway, as R&V Management and Trammell Crow Residential (TCR) have obtained $200 mil in financing for Alexan West End, a 600-unit multifamily commu...
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• Commercial Real Estate Financing Briefs
3/25/24
CBRE -- CBRE's Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek arranged a $43 mil refi loan on El Paseo Shopping Center, a 300k sf retail center in South Gate. The five-year, full-term...
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• Construction Started on Res Development in the City of Walnut
3/25/24
Sunjoint Development has started construction on the Terraces at Walnut, a 49-acre mixed use development located on Valley Blvd in Walnut, CA. Construction of the first product type, a single family two-story unit, began in...
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• Proposed Hollywood Creative Office Project Really Puts the Creative in Office
3/21/24
Los Angeles-based real estate development firm The Star LLC has submitted revised design plans for a proposed $1 bil “vertical creative office" campus on a two-acre lot at 6061 W. Sunset Blvd. The project is hoped to capture ...
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• Hollywood Office Building Trades in $5.4 Mil Deal
3/20/24
Big Sunday, a non-profit committed to helping others through service projects and giving opportunities, has purchased a 6.7k sf office building in Hollywood for $5.375 mil ($802/sf). The structure sits on an 18k sf lot at 174...
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• Property within Glendale’s “Brand Boulevard of Cars” Trades for Over $3 Mil
3/14/24
A two-building, 6.7k sf retail/commercial asset in Glendale sold for $3.15 mil, or $468/sf. The asset is located at 1212 S. Brand Blvd, within “Brand Boulevard of Cars”, a car shopping destination situated in the Glendale sub...
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• Malibu Mixed-Use Project is Refinanced with $135 Mil Take-Out Loan
3/13/24
Pacific Equity Properties recently obtained $135 mil in construction take-out financing on Cross Creek Ranch, a 122.3k sf, trophy, Class AA mixed-use property in Malibu. The property consists of 71.6k sf of retail and 50.7k s...
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• Mixed-Use Building in DTLA’s Fashion District Sells for Over $300/sf
3/13/24
A 43.7k sf, mixed-use retail/office property in Los Angeles traded hands for $13.45 mil ($308/sf) in a recent REO sale. The four-story building is located at 1001 Towne Ave, in the heart of the city’s fashion district downto...
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• Commercial Real Estate Financing Briefs
3/11/24
MARCUS & MILLICHAP CAPITAL CORPORATION - Zack Metzner, Daizy Gomez, and Linsey Farrahi with Marcus & Millichap Capital Corporation arranged $96 mil for the refinancing of three multi-tenant retail centers located in North Hol...
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