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CIM Group Kicks Off 22-Story Mixed-Use Hollywood Tower

CIM Group Kicks Off 22-Story Mixed-Use Hollywood Tower

By Alex Girda, Associate Editor A change is in store for the Hollywood skyline as CIM Group starts construction of the Sunset Gordon, a 22-story mixed-use tower. Located at the intersection of Sunset Blvd. and Gordon St., the project will feature 301 residential units, 39,538 square feet of office space,…

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UBS Buys North Hollywood High-Rise Apartments for $74 Million

UBS Buys North Hollywood High-Rise Apartments for $74 Million

By Alex Girda, Associate Editor  In a $74 million deal, a fund controlled by UBS Inc. has acquired the 180-unit NoHo 14 apartment complex in North Hollywood. NoHo 14 fetched $15 million more than it did in its previous transaction in June [...]…

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UBS Buys North Hollywood High-Rise Apartments for $74 Million

UBS Buys North Hollywood High-Rise Apartments for $74 Million

By Alex Girda, Associate Editor In a $74 million deal, a fund controlled by UBS Inc. has acquired the 180-unit NoHo 14 apartment complex in North Hollywood. NoHo 14 fetched $15 million more than it did in its previous transaction in June 2010, when it was acquired in an REO…

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USAA Picks Moreno Valley for 500,000-SF Distribution Center

USAA Picks Moreno Valley for 500,000-SF Distribution Center

By Alex Girda, Associate Editor Seeking to capitalize on the Inland Empire’s robust growth, USAA Real Estate Co. recently acquired a 26-acre site in Moreno Valley for a 522,722-square-foot distribution center. USAA did not immediately disclose details about prospective tenants or a construction [...]…

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USAA Picks Moreno Valley for 500,000-SF Distribution Center

USAA Picks Moreno Valley for 500,000-SF Distribution Center

By Alex Girda, Associate Editor Seeking to capitalize on the Inland Empire’s robust growth, USAA Real Estate Co. recently acquired a 26-acre site in Moreno Valley for a 522,722-square-foot distribution center. USAA did not immediately disclose details about prospective tenants or a construction schedule for the property, dubbed Centerpointe Logistics Center, but…

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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 [...]…

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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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