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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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Hines and Oaktree Partner Yet Again for the Acquisition of Brea Place Office Campus

Hines and Oaktree Partner Yet Again for the Acquisition of Brea Place Office Campus

International real estate firm Hines recently announced the purchase of Brea Place, a sprawling office campus that also includes a plot of mixed-use development land, part of its ongoing partnership with Oaktree Capital Management. Financial terms of the deal were not disclosed to the press.…

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Retail Opportunity Investments Corp. Announces Purchase of Fallbrook Shopping Center for $210 Million

Retail Opportunity Investments Corp. Announces Purchase of Fallbrook Shopping Center for $210 Million

Retail Opportunity Investments Corp. recently made the announcement that it is set to become the new owner of a major retail center in the San Fernando Valley. The company has entered into a binding contract for the acquisition of the Fallbrook Shopping Center, for a purchase fee of $210 million…

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Marcus & Millichap Arranges Sale of Two Playa Vista Retail Properties for $16.9 Million

Marcus & Millichap Arranges Sale of Two Playa Vista Retail Properties for $16.9 Million

Marcus & Millichap’s Encino office recently arranged the sale of a two-property retail portfolio for a total of approximately $16.9 million. The two shopping spots are located in the L.A. submarket of Playa Vista. The acquisition was arranged by Marcus & Millichap, Vice President investments, Brandon Michaels and Janette Monfared,…

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The Wolff Company Develops Mixed-Use Community in L.A.’s South Park District

The Wolff Company Develops Mixed-Use Community in L.A.’s South Park District

A new community is nearing its official groundbreaking, with The Wolff Company currently set to start work on its latest mixed-use project. Poised to take shape in downtown Los Angeles, the 12th & Olive development is a $54 million project on which developer The Wolff Company is working with TCA…

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