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West Hollywood Apartment Community Earning Above Average Prices

West Hollywood Apartment Community Earning Above Average Prices

A West Hollywood apartment property located in the vicinity of the Pacific Design Center recently traded hands at a per-unit rate that more than doubles the average residential unit price in L.A. According to Marcus & Millichap, whose representatives arranged the transaction for both parties involved, the seller received a…

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TODAY’S DEALS: Walker & Dunlop Structures $54M Acquisition Loan

TODAY’S DEALS: Walker & Dunlop Structures $54M Acquisition Loan

Walker & Dunlop Inc. arranges a $54,840,000 loan for Highland Gardens Apartments; and Marcus & Millichap brokers an apartment property sale at a price of $434,211 per unit. …

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Notable Hollywood Tower Sold by Joint Venture in $16.4 M Deal

Notable Hollywood Tower Sold by Joint Venture in $16.4 M Deal

The Cahuenga Media Tower, one of the most representative properties in the Hollywood submarket of Los Angeles, recently traded hands. An undisclosed buyer paid $16.4 million to a joint venture consisting of GPI Companies and KBS Strategic Opportunity REIT. The deal was brokered by CBRE representatives Kevin Shannon, Scott Schumacher,…

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Caruso Affiliated Files for Entitlements for Brand New Luxury Residential Community

Caruso Affiliated Files for Entitlements for Brand New Luxury Residential Community

Caruso Affiliated recently announced that it has filed all paperwork necessary for a new L.A. development project. The company is planning to build a new multifamily asset in the immediate vicinity of one of its most successful projects in the Los Angeles area. The developer is confident that it will…

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Retail Property Housing Kohl’s in L.A. Trades Hands at Record-Breaking Cap Rate

Retail Property Housing Kohl’s in L.A. Trades Hands at Record-Breaking Cap Rate

A Los Angeles area Kohl’s recently traded hands in a deal worth a reported $22 million. The transaction was arranged by Ed Hanley, Kevin Fryman and Eric Wohl of the Hanley Investment Group. The team arranged the deal for the triple-net leased property at a cap rate of 4.8 percent,…

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TODAY’S DEALS: Essex Drops $200M in L.A.

TODAY’S DEALS: Essex Drops $200M in L.A.

Wood Partners breaks a L.A. price-per-square-foot record; Grandbridge closes a $33.2 million acquisition loan in Texas; and a manufactured home community sells for $37,865 per space. …

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South Park Business Improvement Lands Major Victory with Sidewalk Initiative

South Park Business Improvement Lands Major Victory with Sidewalk Initiative

The South Park Business Improvement has been very effective in its efforts to address the issues city sidewalks present the booming area of downtown. BID has received a great deal of assistance from Councilman José Huizar, as well as the Los Angeles Board of Public Works, and the Bureau of…

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4000 MacArthur Office Project in Newport Beach Trades Hands

4000 MacArthur Office Project in Newport Beach Trades Hands

A large office asset in Newport Beach was recently acquired by Hines for an undisclosed amount. The buyer worked along with a subsidiary of a fund managed by Oaktree Capital Management L.P. in the acquisition of 4000 MacArthur, a large office asset located in the Airport Area submarket. As a…

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San Fernando Valley Luxury Asset Acquired for $44 Million

San Fernando Valley Luxury Asset Acquired for $44 Million

A private investor recently completed the acquisition of a residential asset in Encino, CA for a reported amount of $44 million. According to real estate firm Lee & Associates, the property was acquired from IMT Capital, a Sherman Oaks, CA-based company. The off-market transaction was completed with the assistance of…

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Pasadena Office Asset Acquired by Laurus Corporation

Pasadena Office Asset Acquired by Laurus Corporation

A Pasadena office asset was recently picked up by private real estate investment and development firm Laurus Coporation. The company announced the acquisition of 199 South Los Robles this week, which marks an expansion of Laurus into the country’s second largest office market. Pasadena is one of the best performing…

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Balfour Beatty Completes Hollywood Mixed-Use Tower for Less than Expected

Balfour Beatty Completes Hollywood Mixed-Use Tower for Less than Expected

Balfour Beatty Construction recently announced that it has completed a high-end mixed-use tower in Hollywood at a considerably lower cost than was originally estimated. The company’s Southwest Division finished a project it had been developing for real estate and infrastructure investment firm CIM Group at a total cost of $76.2…

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It Takes a Village: Restoring Santa Monica’s Civic Center

It Takes a Village: Restoring Santa Monica’s Civic Center

"Santa Monica moved towards that rare event in Los Angeles–a pedestrian-oriented place," writes architect James Mary O'Connor. …

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