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Pacific Crest Realty Acquires Koreatown Community; Valencia Residential Project in DTLA Scores $41 Million Construction Loan

Pacific Crest Realty Acquires Koreatown Community; Valencia Residential Project in DTLA Scores $41 Million Construction Loan

Pacific Crest Realty has completed the purchase of Alexandria Apartments in Koreatown for a fee of $6 million, in a deal brokered by Kaufman Commercial for both the buyer and the seller. Located at 435 South Alexandria Avenue, the community will be renamed as Chapman Apartments as a result of…

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United States Green Building Council Awards LEED Gold Certification to US Bank Tower

United States Green Building Council Awards LEED Gold Certification to US Bank Tower

The U.S. Bank Tower in L.A., one of the most high-profile office properties in the downtown area was recently awarded Gold certification under the U.S. Green Building Council’s LEED for Existing Buildings Rating System. The building is currently under the ownership of OUE Limited, while property management duties are being…

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Pebblebrook Acquires The Hotel Palomar on Wilshire Boulevard in $78.7 Million Deal

Pebblebrook Acquires The Hotel Palomar on Wilshire Boulevard in $78.7 Million Deal

The Pebblebrook Hotel Trust recently announced the acquisition of a Los Angeles-area hospitality venue, expanding its SoCal upper upscale hotel portfolio. According to a recently issued press statement, the buyer paid a fee of $78.7 million for the Hotel Palomar Los Angeles – Westwood. The property is the 33rd to…

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HFF Completes Sale of Inland Empire West Industrial Development Project

HFF Completes Sale of Inland Empire West Industrial Development Project

According to Holiday Fenoglio Fowler, the company recently completed the transaction for an Inland Empire West industrial development project. HFF worked on behalf of Xebec Realty Partners, and marketed the Catawba Distribution Center in Fontana, CA. The property was eventually sold by the commercial real estate and capital markets services…

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Mayor Garcetti Reveals Part of Strategy to Fulfill Housing Demand in Los Angeles, Bulk Up Affordable Housing

Mayor Garcetti Reveals Part of Strategy to Fulfill Housing Demand in Los Angeles, Bulk Up Affordable Housing

For the first time since taking in 2013, Los Angeles Mayor Eric Garcetti has addressed one of the many problems plaguing the metropolis. The local official held the keynote speech at the Los Angeles Business Council’s 2014 Mayoral Housing, Transportation & Jobs Summit, recently organized at the UCLA Anderson School…

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HFF and Johnson Capital Arrange Financing for Two Los Angeles Area Commercial Properties

HFF and Johnson Capital Arrange Financing for Two Los Angeles Area Commercial Properties

Two commercial properties in the Los Angeles area have received financing this week, with a total of approximately $18 million in financing raised for the two assets. HFF worked on behalf of the owners of a class A specialty center in Brentwood, while a Johnson Capital team secured funds for…

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Iconic 801 Tower Ends Long Run of Changes as New Owner Cornerstone Appoints New Property Manager

Iconic 801 Tower Ends Long Run of Changes as New Owner Cornerstone Appoints New Property Manager

After recently trading hands between seller Mani Brothers Real Estate Group and buyer Cornerstone Real Estate Advisors for a fee of around $177 million, the 801 Tower now also has a new property manager. …

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National City Tower Acquired by Canadian Investor in $43 Million Deal

National City Tower Acquired by Canadian Investor in $43 Million Deal

National City Tower, a historic adaptive reuse project in downtown Los Angeles, recently traded hands in a deal worth $43.26 million. Canada-based RC Acquisitions LLC acquired the property from seller National City Towers LLC, in a deal arranged on behalf of both parties by Janet Neman and Bryan Glenn of…

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Office Properties throughout the Los Angeles Market Trade Hands

Office Properties throughout the Los Angeles Market Trade Hands

Over the past couple of weeks, the Los Angeles area office market has seen a large number of transactions, with properties totaling nearly 300,000 square feet of space in the Pasadena, Conejo Valley and Burbank submarkets trading hands.…

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Huntington Oaks Delaware Partners Secures $71 Million in Financing for Shopping Center in Monrovia

Huntington Oaks Delaware Partners Secures $71 Million in Financing for Shopping Center in Monrovia

Huntington Oaks Delaware Partners was recently awarded with a total of $71 million in financing from lender Bank of America. The financing deal was announced by LUCESCU REALTY, an investment real estate services firm that handled the process on behalf of the borrower. According to the official announcement, the developer…

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Pacific Design Center Announces New Tenant in Westside Affiliated Holdings as Visit West Hollywood Signs New Agreement

Pacific Design Center Announces New Tenant in Westside Affiliated Holdings as Visit West Hollywood Signs New Agreement

One of the most coveted office assets in the West Hollywood submarket recently gained a brand new tenant and re-signed an existing one. The owner, developer and manager of Pacific Design Center Charles S. Cohen, has announced that two leasing contracts have been signed at one of the property’s three…

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Rexford Industrial Acquires Fully Leased Industrial Property in San Fernando Valley for $30.5 Million

Rexford Industrial Acquires Fully Leased Industrial Property in San Fernando Valley for $30.5 Million

Southern California’s industrial market is clearly improving lately and Rexford Industrial Realty Inc. is also jumping on the bandwagon. The real estate investment trust recently announced the cash-funded acquisition of 9120 Mason Avenue in Chatsworth, CA for a reported fee of $30.5 million. The company specializes in owning and operating…

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