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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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Work Begins at Fountainview at Gonda Senior Living Community in Playa Vista

Work Begins at Fountainview at Gonda Senior Living Community in Playa Vista

The latest Playa Vista retirement community is officially under construction as developer C.W. Driver has begun operations at the site of its Fountainview at Gonda Westside campus. The developer’s latest project will take shape on a 2.5 acre lot. The developer is looking to complete the 460,000-square-foot project by 2016.…

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Airport Distribution Center in Ontario, CA Acquired by Guthrie Development as Company Expands in Inland Empire

Airport Distribution Center in Ontario, CA Acquired by Guthrie Development as Company Expands in Inland Empire

Airport Distribution Center in the City of Ontario, CA was recently snapped up in a deal that industry insiders estimate at around $20 million. The buyer was Guthrie Development Company, who along with a private equity partner acquired the industrial asset from Panattoni Development Company. The seller worked with a…

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CLG Starts Work at its R3 Lofts Mixed-Use Project on Redwood

CLG Starts Work at its R3 Lofts Mixed-Use Project on Redwood

California Landmark Group recently announced that is has started construction on its Marina Arts District mixed-use project. The company is currently developing its R3 Lofts project, a $30 million venture that has a development deadline set for the spring of 2016. CLG is working on the site at 4091 Redwood…

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Murdock Plaza Becomes Part of Tishman Speyer’s Office Portfolio

Murdock Plaza Becomes Part of Tishman Speyer’s Office Portfolio

A West Los Angeles office asset recently traded hands as developer, operator and manager Tishman Speyer move to acquire the property known as Murdock Plaza. The new owner is most likely set to carry out a renovation process in order to update the asset located at 10900 Wilshire Boulevard. The…

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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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