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Construction Starts on $50M W. Hollywood Apartment Complex

Construction Starts on $50M W. Hollywood Apartment Complex

By Alex Girda, Associate Editor NMS Properties has kicked off construction on the latest entrant in West Hollywood’s upscale multifamily rental market. The $50 million NMS @ LA Cienega is rising near the intersection of La Cienega Boulevard and Westmount Drive en route to a scheduled July 2013 opening.  The project…

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Rising Returns with Value-Add Purchase of PacMutual Complex

Rising Returns with Value-Add Purchase of PacMutual Complex

By Alex Girda, Associate Editor A partnership led by veteran executive Nelson Rising has made its debut with the acquisition of the landmark PacMutual building in Downtown Los Angeles. Rising Realty Partners bought the 424,598-square-foot, three-building asset in association with Mount Kellett [...]…

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Rising Returns with Value-Add Purchase of PacMutual Complex

Rising Returns with Value-Add Purchase of PacMutual Complex

By Alex Girda, Associate Editor A partnership led by veteran executive Nelson Rising has made its debut with the acquisition of the landmark PacMutual building in Downtown Los Angeles. Rising Realty Partners bought the 424,598-square-foot, three-building asset in association with Mount Kellett Capital Management L.P., its financial partner. According to the…

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Archstone Project Answers Multi-Family Demand in Santa Clarita

Archstone Project Answers Multi-Family Demand in Santa Clarita

 By Alex Girda, Associate Editor In another sign of growing demand for multi-family rentals in the Santa Clarita Valley, Archstone and an affiliate of The Resmark Cos. recently broke ground on a 157-unit town home complex in Santa Clarita. “The strong job market [...]…

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Archstone Project Answers Multi-Family Demand in Santa Clarita

Archstone Project Answers Multi-Family Demand in Santa Clarita

By Alex Girda, Associate Editor In another sign of growing demand for multi-family rentals in the Santa Clarita Valley, Archstone and an affiliate of The Resmark Cos. recently broke ground on a 157-unit town home complex in Santa Clarita. “The strong job market in the Valley and in the Los Angeles…

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Inland Empire Keep Rolling With 600 KSF Beaumont Leases

Inland Empire Keep Rolling With 600 KSF Beaumont Leases

By Alex Girda, Associate Editor Leasing in the Inland Empire continued to pick up steam in the first quarter. CT Realty Investors recently leased nearly 600,000 square feet of space at its facilities at 520 Fourth Street and 415 Nicholas Road [...]…

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Inland Empire Keep Rolling With 600 KSF Beaumont Leases

Inland Empire Keep Rolling With 600 KSF Beaumont Leases

By Alex Girda, Associate Editor Leasing in the Inland Empire continued to pick up steam in the first quarter. CT Realty Investors recently leased nearly 600,000 square feet of space at its facilities at 520 Fourth Street and 415 Nicholas Road in Beaumont, Calif. The tenants are a pair of…

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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 [...]…

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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 2010, when it was acquired in an REO…

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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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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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