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4000 MacArthur Office Project in Newport Beach Trades Hands

4000 MacArthur Office Project in Newport Beach Trades Hands

A large office asset in Newport Beach was recently acquired by Hines for an undisclosed amount. The buyer worked along with a subsidiary of a fund managed by Oaktree Capital Management L.P. in the acquisition of 4000 MacArthur, a large office asset located in the Airport Area submarket. As a…

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San Fernando Valley Luxury Asset Acquired for $44 Million

San Fernando Valley Luxury Asset Acquired for $44 Million

A private investor recently completed the acquisition of a residential asset in Encino, CA for a reported amount of $44 million. According to real estate firm Lee & Associates, the property was acquired from IMT Capital, a Sherman Oaks, CA-based company. The off-market transaction was completed with the assistance of…

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Pasadena Office Asset Acquired by Laurus Corporation

Pasadena Office Asset Acquired by Laurus Corporation

A Pasadena office asset was recently picked up by private real estate investment and development firm Laurus Coporation. The company announced the acquisition of 199 South Los Robles this week, which marks an expansion of Laurus into the country’s second largest office market. Pasadena is one of the best performing…

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Balfour Beatty Completes Hollywood Mixed-Use Tower for Less than Expected

Balfour Beatty Completes Hollywood Mixed-Use Tower for Less than Expected

Balfour Beatty Construction recently announced that it has completed a high-end mixed-use tower in Hollywood at a considerably lower cost than was originally estimated. The company’s Southwest Division finished a project it had been developing for real estate and infrastructure investment firm CIM Group at a total cost of $76.2…

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It Takes a Village: Restoring Santa Monica’s Civic Center

It Takes a Village: Restoring Santa Monica’s Civic Center

"Santa Monica moved towards that rare event in Los Angeles–a pedestrian-oriented place," writes architect James Mary O'Connor. …

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It Takes a Village: Photos and Illustrations

It Takes a Village: Photos and Illustrations

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First Ever Multifamily Property on Millionaire’s Row in Pasadena Trades Hands

First Ever Multifamily Property on Millionaire’s Row in Pasadena Trades Hands

The South Orange Grove Apartments recently traded hands in the Pasadena submarket. The residential property was sold for a price that exceeds the original listing price that was set at $9.5 million. South Orange Grove Apartments was acquired by a private investor from an entity of City Ventures.…

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R.D. Olson Starts Construction on Hampton Inn & Suites in Glendale

R.D. Olson Starts Construction on Hampton Inn & Suites in Glendale

A new hotel is set to take shape in Glendale, CA as R.D. Olson Construction recently announced that it has kicked off the building process for the Hampton Inn & Suites project. The Irvine, CA-based contractor is working on the hospitality facility after being employed by developer Vista Investments, LLC…

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TODAY’S DEALS: Oakwood, Mapletree Expand in Dallas

TODAY’S DEALS: Oakwood, Mapletree Expand in Dallas

Corporate housing firm Oakwood Worldwide completes a 232-unit JV apartment buy; Capital One Multifamily Finance closes $34.6 million to refinance an L.A. portfolio; and IPA arranges the sale of a North Dallas apartment property. …

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South Hills Plaza in West Covina Acquired by Hong Kong-based Investor in $20 Million Deal

South Hills Plaza in West Covina Acquired by Hong Kong-based Investor in $20 Million Deal

South Hills Plaza recently traded hands in a deal worth a reported $20.7 million. According to the official announcement of the transaction, the buyer was LT Global, acting as LT Holdings in the United States market, a Hong Kong-based publicly-traded investment company. The transaction was handled by CBRE Senior Vice…

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Pacific Crest Realty Acquires Koreatown Community; Valencia Residential Project in DTLA Scores $41 Million Construction Loan

Pacific Crest Realty Acquires Koreatown Community; Valencia Residential Project in DTLA Scores $41 Million Construction Loan

Pacific Crest Realty has completed the purchase of Alexandria Apartments in Koreatown for a fee of $6 million, in a deal brokered by Kaufman Commercial for both the buyer and the seller. Located at 435 South Alexandria Avenue, the community will be renamed as Chapman Apartments as a result of…

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United States Green Building Council Awards LEED Gold Certification to US Bank Tower

United States Green Building Council Awards LEED Gold Certification to US Bank Tower

The U.S. Bank Tower in L.A., one of the most high-profile office properties in the downtown area was recently awarded Gold certification under the U.S. Green Building Council’s LEED for Existing Buildings Rating System. The building is currently under the ownership of OUE Limited, while property management duties are being…

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