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Work Begins at Fountainview at Gonda Senior Living Community in Playa Vista

Work Begins at Fountainview at Gonda Senior Living Community in Playa Vista

The latest Playa Vista retirement community is officially under construction as developer C.W. Driver has begun operations at the site of its Fountainview at Gonda Westside campus. The developer’s latest project will take shape on a 2.5 acre lot. The developer is looking to complete the 460,000-square-foot project by 2016.…

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Airport Distribution Center in Ontario, CA Acquired by Guthrie Development as Company Expands in Inland Empire

Airport Distribution Center in Ontario, CA Acquired by Guthrie Development as Company Expands in Inland Empire

Airport Distribution Center in the City of Ontario, CA was recently snapped up in a deal that industry insiders estimate at around $20 million. The buyer was Guthrie Development Company, who along with a private equity partner acquired the industrial asset from Panattoni Development Company. The seller worked with a…

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CLG Starts Work at its R3 Lofts Mixed-Use Project on Redwood

CLG Starts Work at its R3 Lofts Mixed-Use Project on Redwood

California Landmark Group recently announced that is has started construction on its Marina Arts District mixed-use project. The company is currently developing its R3 Lofts project, a $30 million venture that has a development deadline set for the spring of 2016. CLG is working on the site at 4091 Redwood…

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Murdock Plaza Becomes Part of Tishman Speyer’s Office Portfolio

Murdock Plaza Becomes Part of Tishman Speyer’s Office Portfolio

A West Los Angeles office asset recently traded hands as developer, operator and manager Tishman Speyer move to acquire the property known as Murdock Plaza. The new owner is most likely set to carry out a renovation process in order to update the asset located at 10900 Wilshire Boulevard. The…

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Chinese Developer Wanda Group Continues Large-Scale Development Involvement with Winning Bid at 9900 Wilshire Site

Chinese Developer Wanda Group Continues Large-Scale Development Involvement with Winning Bid at 9900 Wilshire Site

Chinese developer Dalian Wanda Group recently announced that it will take charge of the coveted plot of land located at 9900 Wilshire Boulevard. The Beijing-based company beat out ten different competing entities from North America and Asia The company also announced plans for an investment amounting to approximately $1.2 billion…

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Burbank Office Property Acquired by Granite Properties in $49 Million Deal

Burbank Office Property Acquired by Granite Properties in $49 Million Deal

A Burbank office building was recently acquired by Granite Properties as the company expanded its SoCal office portfolio past the one million square feet mark. The buyer paid Legacy Partners Realty Fund I LLC a fee of $49 million for the asset located in the city’s Media District. Legacy Partners…

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TODAY’S DEALS: Meridian Capital, Capital One Arrange $64M Interest-Only, Cash-out Refinance

TODAY’S DEALS: Meridian Capital, Capital One Arrange $64M Interest-Only, Cash-out Refinance

Meridian Capital Group, in partnership with Capital One Multifamily Finance, negotiates the $64 million refinancing of Palm Island; and a Hollywood apartment building trades hands for $3.4 million. …

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Capri Capital Partners Joins Forces with TruAmerica Multifamily for the $283 Million Acquisition of The Vermont

Capri Capital Partners Joins Forces with TruAmerica Multifamily for the $283 Million Acquisition of The Vermont

A partnership of Capri Capital Partners and TruAmerica Multifamily just completed the larges multifamily, mixed-use transaction in the state of California for the current year. The partnership closed on a deal worth $283 million, for the recently completed The Vernon high-rise apartment complex in the Los Angeles submarket of Koreatown.…

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KB Homes Returns to Playa Vista with New Skylar and Asher Neighborhoods

KB Homes Returns to Playa Vista with New Skylar and Asher Neighborhoods

KB Homes has unveiled two new communities in the Playa Vista submarket. The company, one of the largest home builders in the United States, recently presented its plans for Skylar and Asher, two communities totaling 129 new residential units that will be added to the area’s housing stock upon completion.…

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Old Pasadena Collection Snapped Up by Private Investor in $42 Million Transaction

Old Pasadena Collection Snapped Up by Private Investor in $42 Million Transaction

Four buildings in downtown Pasadena were recently part of a $42.6 million mixed-use deal as Old Pasadena Collection traded hands between two private investors. A team of representatives from real estate company Institutional Property Advisors arranged the sale on behalf of both parties.…

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Vitus Group Acquires Senior Affordable Housing Building in Koreatown for $22.5 Million

Vitus Group Acquires Senior Affordable Housing Building in Koreatown for $22.5 Million

An affordable housing community catering to seniors was recently sold by the Christ Unity Church in a deal worth approximately $22.5 million. The property in question is Christ Unity Manor in Koreatown, an asset that waited approximately 15 months, eight months of which the property spent in escrow, to be…

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MacFarlane Partners Acquires Downtown Development Site, Lines up Two-Building Mixed-Use Project

MacFarlane Partners Acquires Downtown Development Site, Lines up Two-Building Mixed-Use Project

MacFarlane Partners has recently completed the acquisition of a high-profile development site located in the growing residential market of downtown Los Angeles. The developer has two residential buildings line up for the piece of land, as well as a retail component and large amounts of open space. The buyer acquired…

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