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Sears Building in Boyle Heights Trades Hands for $29 Million as New Owner Takes Charge of Redevelopment Hot Spot

Sears Building in Boyle Heights Trades Hands for $29 Million as New Owner Takes Charge of Redevelopment Hot Spot

One of downtown L.A.’s landmark buildings recently traded hands and is set for a change of direction for its use. The Sears Roebuck & Co building, one of the most high-profile structures in the entire Boyle Heights neighborhood, was purchased by residential developer Izek Shomof for a total fee of…

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Wood Partners Debuts Warner Park Luxury Community in San Fernando Valley

Wood Partners Debuts Warner Park Luxury Community in San Fernando Valley

Wood Partners has recently opened one of its projects in the Los Angeles area, as the local residential market is about to see a steady flow of new units being added to the market. The developer is now done with its latest San Fernando Valley luxury project, an endeavor that…

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Improving Retail Market Scores Hanley Investment Numerous Deals Totaling $87 Million

Improving Retail Market Scores Hanley Investment Numerous Deals Totaling $87 Million

The pace of investment for the Los Angeles retail market is steadily improving, and brokerage companies are loving every second of it. A recent press release from Hanley Investment Urban Retail Advisors indicates the uptick in deals completed by company representatives in the Los Angeles market. Carlos J. Lopez, President…

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HFF Provides West Hollywood Retail Center with $27 Million Financing Deal

HFF Provides West Hollywood Retail Center with $27 Million Financing Deal

Holiday Fenoglio Fowler L.P. has recently completed yet another financing deal for the improving Los Angeles commercial real estate market. The capital markets services provider has secured financing for a West Hollywood retail asset totaling $27 million. The company worked on behalf of Shooshani Developers, for the Hollywest Promenade.…

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Big Money Land Deal Paves Way for $750 Multifamily Development Project

Big Money Land Deal Paves Way for $750 Multifamily Development Project

As far as land deals go, reports rarely come in about landmark transactions in a major city’s Central Business District. However, a joint venture between Mack Urban and AECOM Capital has recently made public the acquisition of a six-acre land parcel in L.A.’s CBD. The value of the deal is…

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Arts District Gets New Mixed-Use Community, Big on Outdoor Experience

Arts District Gets New Mixed-Use Community, Big on Outdoor Experience

One of the largest new mixed-use complexes in downtown L.A. is set to spruce up the city’s Arts District with construction now officially on at the 905 East Second Street site. Developed by a joint venture between Lowe Enterprises, Megatoys and institutional investors advised by J.P. Morgan Asset Management, the…

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Wood Partners Begins Construction on Fourth Multifamily Project in Los Angeles County

Wood Partners Begins Construction on Fourth Multifamily Project in Los Angeles County

Wood Partners has broken ground on its 300,000-square-foot Alta South Bay community, marking the company’s fourth multifamily project in Los Angeles County.…

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New Mixed-Use Project Coming to Glendale, Bringing Residential Units to Growing Market

New Mixed-Use Project Coming to Glendale, Bringing Residential Units to Growing Market

Yet another mixed-use development is popping up in the L.A. real estate market as Camden USA recently announced the groundbreaking of the Glendale Triangle project. The developer is bringing a brand new construction that will add new residential units to the Glendale submarket. According to the developers, the project will…

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Bernards Kicks Off Construction on Glendale Mixed-Use Project

Bernards Kicks Off Construction on Glendale Mixed-Use Project

Los Angeles-based commercial builder Bernards has started construction on a 315,391-square-foot mixed-use project in Glendale, Calif., that will take aim at the Gen-Y cohort of renters.…

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Canyon Multifamily Impact Fund Acquires its First Community

Canyon Multifamily Impact Fund Acquires its First Community

Canyon Capital Realty Advisors and Citi Community Capital announced that they have acquired their first community, The Fountains at Palmdale, for its joint-venture fund, the Canyon Multifamily Impact Fund.…

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HFF Ramps UP L.A. Area Activity, Completes Financing Deal, Property Sale

HFF Ramps UP L.A. Area Activity, Completes Financing Deal, Property Sale

As the local market continues to improve, commercial real estate capital intermediaries Holiday Fenoglio Fowler have ramped up their involvement in Los Angeles and Orange County. The company has recently closed the sale of a Newport Beach office asset to a Goldman Sachs Asset Management-controlled fund, while on the financial…

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NoHo Office Property Acquired by Kennedy Wilson Partnership

NoHo Office Property Acquired by Kennedy Wilson Partnership

As the L.A. office market continues its climb from the depths of the recession, some investors are taking every opportunity made available to them. It was recently announced that Kennedy Wilson, an international real estate investment and services firm, acted as a partner in the acquisition of a North Hollywood…

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