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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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TODAY’S DEALS: Centerline Capital Refinances Six-Property Portfolio in Los Angeles for $23.5M

TODAY’S DEALS: Centerline Capital Refinances Six-Property Portfolio in Los Angeles for $23.5M

Centerline Capital Group provides a $23.5 million Fannie Mae credit facility to refinance a six-property multifamily portfolio; and ARA brokers the $39 million sale of a property located next to Northern Colorado’s largest employment center. …

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DJM Scores $93 Million in Financing as Construction Continues Unabated

DJM Scores $93 Million in Financing as Construction Continues Unabated

By Alex Girda, Associate Editor A major retail development project in Huntington Beach recently received a serious fund injection as developer DJM landed approximately $93 million in financing. The funds were arranged by George Smith Partners Principal and Managing Director Steve Bram and Senior Vice President David Pascale. The funding…

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Kilroy Realty Corp. Reveals Plans for Mixed-Use Project in Hollywood

Kilroy Realty Corp. Reveals Plans for Mixed-Use Project in Hollywood

One of the most active commercial real estate companies in the Los Angeles market has unveiled plans for a large creative media mixed-use office campus at the recent Hollywood Economic Development Summit. Kilroy Realty Corporation will be developing its proposed project known as The Academy on a site acquired in…

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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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