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Chinese Developer Wanda Group Continues Large-Scale Development Involvement with Winning Bid at 9900 Wilshire Site

Chinese Developer Wanda Group Continues Large-Scale Development Involvement with Winning Bid at 9900 Wilshire Site

Chinese developer Dalian Wanda Group recently announced that it will take charge of the coveted plot of land located at 9900 Wilshire Boulevard. The Beijing-based company beat out ten different competing entities from North America and Asia The company also announced plans for an investment amounting to approximately $1.2 billion…

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Burbank Office Property Acquired by Granite Properties in $49 Million Deal

Burbank Office Property Acquired by Granite Properties in $49 Million Deal

A Burbank office building was recently acquired by Granite Properties as the company expanded its SoCal office portfolio past the one million square feet mark. The buyer paid Legacy Partners Realty Fund I LLC a fee of $49 million for the asset located in the city’s Media District. Legacy Partners…

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TODAY’S DEALS: Meridian Capital, Capital One Arrange $64M Interest-Only, Cash-out Refinance

TODAY’S DEALS: Meridian Capital, Capital One Arrange $64M Interest-Only, Cash-out Refinance

Meridian Capital Group, in partnership with Capital One Multifamily Finance, negotiates the $64 million refinancing of Palm Island; and a Hollywood apartment building trades hands for $3.4 million. …

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Capri Capital Partners Joins Forces with TruAmerica Multifamily for the $283 Million Acquisition of The Vermont

Capri Capital Partners Joins Forces with TruAmerica Multifamily for the $283 Million Acquisition of The Vermont

A partnership of Capri Capital Partners and TruAmerica Multifamily just completed the larges multifamily, mixed-use transaction in the state of California for the current year. The partnership closed on a deal worth $283 million, for the recently completed The Vernon high-rise apartment complex in the Los Angeles submarket of Koreatown.…

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KB Homes Returns to Playa Vista with New Skylar and Asher Neighborhoods

KB Homes Returns to Playa Vista with New Skylar and Asher Neighborhoods

KB Homes has unveiled two new communities in the Playa Vista submarket. The company, one of the largest home builders in the United States, recently presented its plans for Skylar and Asher, two communities totaling 129 new residential units that will be added to the area’s housing stock upon completion.…

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Old Pasadena Collection Snapped Up by Private Investor in $42 Million Transaction

Old Pasadena Collection Snapped Up by Private Investor in $42 Million Transaction

Four buildings in downtown Pasadena were recently part of a $42.6 million mixed-use deal as Old Pasadena Collection traded hands between two private investors. A team of representatives from real estate company Institutional Property Advisors arranged the sale on behalf of both parties.…

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Vitus Group Acquires Senior Affordable Housing Building in Koreatown for $22.5 Million

Vitus Group Acquires Senior Affordable Housing Building in Koreatown for $22.5 Million

An affordable housing community catering to seniors was recently sold by the Christ Unity Church in a deal worth approximately $22.5 million. The property in question is Christ Unity Manor in Koreatown, an asset that waited approximately 15 months, eight months of which the property spent in escrow, to be…

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MacFarlane Partners Acquires Downtown Development Site, Lines up Two-Building Mixed-Use Project

MacFarlane Partners Acquires Downtown Development Site, Lines up Two-Building Mixed-Use Project

MacFarlane Partners has recently completed the acquisition of a high-profile development site located in the growing residential market of downtown Los Angeles. The developer has two residential buildings line up for the piece of land, as well as a retail component and large amounts of open space. The buyer acquired…

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TODAY’S DEALS: Centerline Capital Refinances Six-Property Portfolio in Los Angeles for $23.5M

TODAY’S DEALS: Centerline Capital Refinances Six-Property Portfolio in Los Angeles for $23.5M

Centerline Capital Group provides a $23.5 million Fannie Mae credit facility to refinance a six-property multifamily portfolio; and ARA brokers the $39 million sale of a property located next to Northern Colorado’s largest employment center. …

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DJM Scores $93 Million in Financing as Construction Continues Unabated

DJM Scores $93 Million in Financing as Construction Continues Unabated

By Alex Girda, Associate Editor A major retail development project in Huntington Beach recently received a serious fund injection as developer DJM landed approximately $93 million in financing. The funds were arranged by George Smith Partners Principal and Managing Director Steve Bram and Senior Vice President David Pascale. The funding…

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Kilroy Realty Corp. Reveals Plans for Mixed-Use Project in Hollywood

Kilroy Realty Corp. Reveals Plans for Mixed-Use Project in Hollywood

One of the most active commercial real estate companies in the Los Angeles market has unveiled plans for a large creative media mixed-use office campus at the recent Hollywood Economic Development Summit. Kilroy Realty Corporation will be developing its proposed project known as The Academy on a site acquired in…

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TODAY’S DEALS: Joint Venture Sells 222-Unit Apartment Community in Georgia

TODAY’S DEALS: Joint Venture Sells 222-Unit Apartment Community in Georgia

The Carroll Organization and Lubert-Adler Real Estate sell a luxury asset in Georgia; Resource Real Estate Opportunity REIT nets $2.9 million in profits in a Tampa student-housing sale; and Marcus & Millichap arranges the $3.9 million sale of a boutique student-housing property near USC. …

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