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One Year After Grand Opening, Juanita Tate Marketplace Acquired by Optimus Properties

One Year After Grand Opening, Juanita Tate Marketplace Acquired by Optimus Properties

The Juanita Tate Marketplace in Los Angeles was recently acquired by locally based Optimus Properties LLC. The redevelopment project located at the corner of Slauson Avenue and Central Avenue is a venture that has taken its developers nearly 17 years to complete. Developed by a partnership consisting of Infinity Redevelopment…

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Meta Housing Corp. Presents Its First Family Arts Colony

Meta Housing Corp. Presents Its First Family Arts Colony

Meta Housing Corp. finalized its first “family arts colony” apartment project in the San Pedro, Calif., neighborhood.…

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TODAY’S DEALS: Waypoint Grabs Waterfront Apartments in Newport Beach

TODAY’S DEALS: Waypoint Grabs Waterfront Apartments in Newport Beach

IPA brokers a $25.5 million sale in Newport Beach, Calif.; Lee & Associates arranges a 32-unit asset in Los Angeles; and Berkadia negotiates the financing and sale of a multifamily property in Greater Phoenix. …

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Silicon Beach Asset in Santa Monica Trades Hands for Highest Per-Square-Foot-Rate in 2015

Silicon Beach Asset in Santa Monica Trades Hands for Highest Per-Square-Foot-Rate in 2015

We’ve previously covered the growing strength of the area of Santa Monica known as Silicon Beach, but the tech-centric submarket seems to finally be hitting its stride. Recently, New York-based real estate investment management firm JOSS Realty Partners acquired a creative office asset in Santa Monica for a total of…

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Newly Built Industrial Asset in Santa Fe Springs Signs First Major Tenant

Newly Built Industrial Asset in Santa Fe Springs Signs First Major Tenant

A recently built Santa Fe Springs industrial asset completed a major long-term lease worth approximately $20 million. Gelson’s Markets recently inked an agreement for more of the available space at the Freeway Springs Logistics Center. The company will also take up a large component of the property’s available office space,…

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PennySaver HQ in Brea Acquired by Intercontinental Real Estate Corporation

PennySaver HQ in Brea Acquired by Intercontinental Real Estate Corporation

The current headquarters of PennySaver USA Publishing LLC recently traded hands in a deal arranged by real estate company HFF. The property is located in the North Orange County Brea/La Habra submarket, southeast of Los Angeles. The selling entity, a joint venture between Cohen Asset Management Inc. and American National…

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San Bernardino Office Campus Acquired by Hines/Oaktree Joint Venture

San Bernardino Office Campus Acquired by Hines/Oaktree Joint Venture

A San Bernardino office portfolio was recently acquired in a deal completed by international real estate firm Hines. Part of a joint venture that it has created with a fund managed by Oaktree Capital Management LP, the company acquired the Inland Empire property from two investment funds managed by Rancon…

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Oakwood Worldwide Acquires Luxurious Redwood City Apartments for Global Portfolio

Oakwood Worldwide Acquires Luxurious Redwood City Apartments for Global Portfolio

Oakwood Worldwide added a 141-unit apartment community in Redwood City, Calif., to its global portfolio through its $4 billion partnership with Singapore-based Mapletree Group.…

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New Partnership Investing $20M in Affordable Housing in California

New Partnership Investing $20M in Affordable Housing in California

The Community Development Trust, a national private real estate investment trust, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.…

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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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