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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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Colliers Arranges Land Deal for The Olson Company, New Residential Development Set-up in Temple City

Colliers Arranges Land Deal for The Olson Company, New Residential Development Set-up in Temple City

A parcel of land that formerly housed in industrial facility in Temple City in the San Gabriel Valley is set to be transformed into a new housing community by Orange County-based The Olson Company. The home builder recently acquired the land parcel with the help of real estate firm Colliers…

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West Los Angeles Office Market Catches Attention of Sunrise Real Estate Group

West Los Angeles Office Market Catches Attention of Sunrise Real Estate Group

A West LA office building was recently acquired for a reported fee of approximately $39 million. The off-market transaction was completed by a partnership consisting of Sunrise Real Estate Group with Robhana Group and 4M Investment Group who picked up the property from seller TPMC Realty Corp. Newmark Grubb Knight…

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Local Construct Breaks Ground on Innovative Housing Concept in Echo Park

Local Construct Breaks Ground on Innovative Housing Concept in Echo Park

A new housing development project in Los Angeles’ Echo Park recently held a ground-breaking event, celebrating the innovative concept tackled by the project. Los Angeles-based Local Construct has started work on its Blackbirds micro-neighborhood. The community will be located on a site that formerly housed five rundown cottages in Echo…

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New Affordable Housing Community by Affirmed Housing Group Holds Opening Ceremony

New Affordable Housing Community by Affirmed Housing Group Holds Opening Ceremony

A brand new affordable housing complex recently held an official grand opening recently in the presence of a number of local officials and backers. The Lotus Garden Apartments is Affirmed Housing Group’s latest affordable residential complex project in the L.A. metro area. The ceremony was attended by Councilman Gilbert A.…

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ALTO Real Estate Funds Completes Moreno Valley Retail Acquisition to Start New Investment Fund

ALTO Real Estate Funds Completes Moreno Valley Retail Acquisition to Start New Investment Fund

ALTO Real Estate Funds has started its second investment vehicle in the American market with a retail purchase in Moreno Valley, CA. The New York-based private equity real estate investment company has closed on the purchase of the TownGate Center for a fee of $47.2 million. The property will be…

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Brentwood Capital Partners Sells Iconic Citizen News Building in Hollywood

Brentwood Capital Partners Sells Iconic Citizen News Building in Hollywood

A historic Los Angeles office building was the object of one of the most recent real estate transactions to take place in the city. Buyer SE Edinger LLC paid a fee of $14.5 million for the Hollywood property. The property was sold by Brentwood Capital Partners, a full service real…

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TODAY’S DEALS: Bascom Nabs 138-Unit Apartment Community in SoCal

TODAY’S DEALS: Bascom Nabs 138-Unit Apartment Community in SoCal

The Bascom Group acquires a 138-unt apartment community; Charles Dunn completes a $2.7 million sale in L.A.'s Westwood submarket; and Centerline Capital arranges $4 million Fannie Mae financing for an acquisition in the Boston area. …

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