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Playa del Rey to Get First New Office Complex in 20 Years

Playa del Rey to Get First New Office Complex in 20 Years

By Alex Girda, Associate Editor Playa del Rey will get its first new office complex in 20 years—The Strand Offices at Playa del Rey, a two-building complex at 311 and 315 Culver Boulevard. At 10,000 square feet, the property will be modest in size, yet developer Cove Spring Partners L.P. is counting…

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Related Breaks Ground on $350M Santa Monica Residential Project

Related Breaks Ground on $350M Santa Monica Residential Project

By Alex Girda, Associate Editor Related California, an affiliate of the Related Cos.,  started construction Feb. 16 on a $350 million mixed-use project in the seaside city of Santa Monica. Dubbed the Village at Santa Monica, the project is scheduled for completion [...]…

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Related Breaks Ground on $350M Santa Monica Residential Project

Related Breaks Ground on $350M Santa Monica Residential Project

By Alex Girda, Associate Editor Related California, an affiliate of the Related Cos.,  started construction Feb. 16 on a $350 million mixed-use project in the seaside city of Santa Monica. Dubbed the Village at Santa Monica, the project is scheduled for completion in 2011 and  will incorporate 318 luxury condominium units and…

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Santa Fe Springs Retail Center, Koreatown Multi-Family Assets Lure Investors

Santa Fe Springs Retail Center, Koreatown Multi-Family Assets Lure Investors

By Alex Girda, Associate Editor In a $23 million deal, Milan Capital Management has acquired Santa Fe Springs Promenade from F.J. Hanshaw properties, rentv.com reports. Built out over three decades, the 115,000-square-foot retail center was 90 percent occupied when the transaction [...]…

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Santa Fe Springs Retail Center, Koreatown Multi-Family Assets Lure Investors

Santa Fe Springs Retail Center, Koreatown Multi-Family Assets Lure Investors

By Alex Girda, Associate Editor In a $23 million deal, Milan Capital Management has acquired Santa Fe Springs Promenade from F.J. Hanshaw properties, rentv.com reports. Built out over three decades, the 115,000-square-foot retail center was 90 percent occupied when the transaction [...]…

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Normandy, Morgan Stanley Team on $355M Recapitalization of 10 Universal City Plaza

Normandy, Morgan Stanley Team on $355M Recapitalization of 10 Universal City Plaza

By Alex Girda, Associate Editor Normandy Real Estate Partners has recapitalized the home of NBCUniversal to the tune of $355 million, the company disclosed Jan 17. Through a joint venture with Morgan Stanley Real Estate Investing, Normandy struck a deal to [...]…

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Normandy, Morgan Stanley Team on $355M Recapitalization of 10 Universal City Plaza

Normandy, Morgan Stanley Team on $355M Recapitalization of 10 Universal City Plaza

By Alex Girda, Associate Editor Normandy Real Estate Partners has recapitalized the home of NBCUniversal to the tune of $355 million, the company disclosed Jan 17. Through a joint venture with Morgan Stanley Real Estate Investing, Normandy struck a deal to [...]…

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Cash Infusion from Canyon-Johnson Launches $160M Project

Cash Infusion from Canyon-Johnson Launches $160M Project

 By Alex Girda, Associate Editor One Santa Fe has been among the highest-profile redevelopment projects proposed for the Downtown Arts District ever since it was announced in the middle of the last decade. Now the $160 million plan finally appears ready [...]…

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Cash Infusion from Canyon-Johnson Launches $160M Project

Cash Infusion from Canyon-Johnson Launches $160M Project

 By Alex Girda, Associate Editor One Santa Fe has been among the highest-profile redevelopment projects proposed for the Downtown Arts District ever since it was announced in the middle of the last decade. Now the $160 million plan finally appears ready [...]…

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L.A. Luxury Residential Market Attracts Growth; Green Dot Relocates HQ to Pasadena

L.A. Luxury Residential Market Attracts Growth; Green Dot Relocates HQ to Pasadena

By Alex Girda, Associate Editor Even in the face of a downturn, some trends remain ever-present in the Los Angeles residential market. Take the demand for high-end condominium and detached residential properties. As the annual Swanepoel Trends Report notes, the luxury [...]…

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L.A. Luxury Residential Market Attracts Growth; Green Dot Relocates HQ to Pasadena

L.A. Luxury Residential Market Attracts Growth; Green Dot Relocates HQ to Pasadena

By Alex Girda, Associate Editor Even in the face of a downturn, some trends remain ever-present in the Los Angeles residential market. Take the demand for high-end condominium and detached residential properties. As the annual Swanepoel Trends Report notes, the luxury [...]…

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CIM Group Acquires Beverly Hills Complex for $47.8M

CIM Group Acquires Beverly Hills Complex for $47.8M

By Alex Girda, Associate Editor A noted Beverly Hills office property recently changed hands when CIM Group purchased the former headquarters of the William Morris talent agency from New York-based investment firm Brickman for $47.8 million, according to the Hollywood Reporter. [...]…

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