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Bernards Kicks Off Construction on Glendale Mixed-Use Project

Bernards Kicks Off Construction on Glendale Mixed-Use Project

Los Angeles-based commercial builder Bernards has started construction on a 315,391-square-foot mixed-use project in Glendale, Calif., that will take aim at the Gen-Y cohort of renters.…

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Canyon Multifamily Impact Fund Acquires its First Community

Canyon Multifamily Impact Fund Acquires its First Community

Canyon Capital Realty Advisors and Citi Community Capital announced that they have acquired their first community, The Fountains at Palmdale, for its joint-venture fund, the Canyon Multifamily Impact Fund.…

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HFF Ramps UP L.A. Area Activity, Completes Financing Deal, Property Sale

HFF Ramps UP L.A. Area Activity, Completes Financing Deal, Property Sale

As the local market continues to improve, commercial real estate capital intermediaries Holiday Fenoglio Fowler have ramped up their involvement in Los Angeles and Orange County. The company has recently closed the sale of a Newport Beach office asset to a Goldman Sachs Asset Management-controlled fund, while on the financial…

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NoHo Office Property Acquired by Kennedy Wilson Partnership

NoHo Office Property Acquired by Kennedy Wilson Partnership

As the L.A. office market continues its climb from the depths of the recession, some investors are taking every opportunity made available to them. It was recently announced that Kennedy Wilson, an international real estate investment and services firm, acted as a partner in the acquisition of a North Hollywood…

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Los Angeles Area Residential Properties Secure Loan Deals

Los Angeles Area Residential Properties Secure Loan Deals

Top financing firm Johnson Capital recently announced that it has provided deals for a seven-property multifamily portfolio, including mobile home parks, a few of which are located around Los Angeles. The national real estate capital advisory firm recently released a statement pointing out the fact that a total of $174…

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SummerHill Appoints Patrick S. Simons as Senior VP of New SoCal Division

SummerHill Appoints Patrick S. Simons as Senior VP of New SoCal Division

The growing multifamily market of Southern California is prompting changes to companies and shifting strategies. To that effect, SummerHill Apartment Communities, a division of SummerHill Housing Group, has enlisted the talents of Patrick S. Simons, an industry veteran, to help with the company’s brand new SoCal division. The professional will…

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New Little Tokyo Apartment Community Breaks Ground as Downtown L.A. Continues Rise

New Little Tokyo Apartment Community Breaks Ground as Downtown L.A. Continues Rise

With Koreatown communities in L.A. now moving and the submarket’s multifamily sector set for continuous growth, it is time to switch the focus shift to another community’s development endeavors, namely Little Tokyo. Residentinal developer SARES-REGIS Group recently announced that it has broken ground on a new mixed-use apartment development in…

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K2LA Luxury Development Selects Cobalt Construction for Second and Third Buildings

K2LA Luxury Development Selects Cobalt Construction for Second and Third Buildings

One of the largest luxury multifamily projects under development in Los Angeles now is the K2LA urban development. The project’s developer, Century West Partners, has recently announced that it has selected a company to handle the second and third phases of construction at the site. Cobalt Construction Company will take…

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Live/Work Community in Studio City Secures Recapitalization Deal Worth $37 Million

Live/Work Community in Studio City Secures Recapitalization Deal Worth $37 Million

One of the city’s strong points will always be linked to the film industry and that appeal is precisely what prompted Cahuenga Pass Development’s Universal Lofts project. The company recently completed a recapitalization on the project, secured by locally-based real estate investment banking firm, Dekel Capital. The company arranged for…

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Kilroy’s Sunset Media Center Holds Major Tenant Nielsen Media Research, Adds FilmL.A. to Roster

Kilroy’s Sunset Media Center Holds Major Tenant Nielsen Media Research, Adds FilmL.A. to Roster

L.A.’s office market continues to be driven by the entertainment industry as two companies have signed leases at the soon-to-be-renovated Sunset Media Center in Hollywood. Bought by real estate company Kilroy Realty Corp. at the end of 2012, the office building is set to receive extensive interior improvements as the…

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Developer Finally Awarded Crenshaw/LAX Transit Corridor Contract as Project Moves Forward with New Construction Start Date

Developer Finally Awarded Crenshaw/LAX Transit Corridor Contract as Project Moves Forward with New Construction Start Date

A much-talked about project for Los Angeles’ transportation system recently got the go-ahead when the Los Angeles County Metropolitan Transportation Authority Board of Directors approved a contract worth $1.2 billion to Walsh/Shea Corridor Constructors to build the Crenshaw/LAX Transit Corridor. The development is now in the utility relocation phase with…

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Real Estate Investment Company Reaches for the Stars as It Completes Walk of Fame Building Acquisition

Real Estate Investment Company Reaches for the Stars as It Completes Walk of Fame Building Acquisition

Hollywood’s flashing stars seem to continue to attract attention as ASB Real Estate Investments has recently moved on the market for a prime retail and office property located along the world-famous Walk of Fame. The company has acquired the property for its Allegiance Fund, a $2.2 billion core, open-end real…

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