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West Angeles Community Development Corporation Debuts New Community-Helping Project

West Angeles Community Development Corporation Debuts New Community-Helping Project

A brand new development was recently unveiled in the Crenshaw Corridor, bringing the spotlight on an area of the city that has been in serious need of a makeover. The $8.5 million investment was handled by the West Angeles Community Development Corporation and Union Bank and is located at 3501…

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Construction Begins on New Luxury Residential Development in San Gabriel Valley

Construction Begins on New Luxury Residential Development in San Gabriel Valley

Construction has begun on the latest San Gabriel Valley mixed-use development. Hutton Companies recently announced that its new project, La Verne Village, has broken ground and is now set to meet its construction deadline, in Q1 of 2014. The developer is investing approximately $43 million into the luxury apartment community…

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Los Angeles Real Estate Maintains Buzz

Los Angeles Real Estate Maintains Buzz

By Alex Girda With the sale of the Mondrian Los Angeles hotel to Pebblebrook Hotel Trust now closed, the Los Angeles real estate investment market continues to move forward, most recently with Phoenix Realty Group’s purchase of three apartment properties in San Bernandino and Highland.  The total value of the transaction was…

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Vandenberg Air Force Base Military Housing Ends Six-Year Makeover Process

Vandenberg Air Force Base Military Housing Ends Six-Year Makeover Process

The housing component at Vandenberg Air Force Base has received a major boost as the initial development period has finally come to an end. A partnership between Balfour Beatty Communiites LLC and Hensel Phelps Construction Company handled the renovation and construction of new military housing units at the base. The…

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Upscale Gated Community in Century City Set to Expand After Land Deal

Upscale Gated Community in Century City Set to Expand After Land Deal

Located at the corner of Century Park West and Solar Way, the site will house ten 5,000-square-foot homes that will form The Enclave at Century Woods. The development process is set to be fast tracked and construction should begin during the next few months, with completion tentatively set for the…

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New Development in City’s Arts District Set to Reopen Market for Condo Homes

New Development in City’s Arts District Set to Reopen Market for Condo Homes

The Barker Block condo development will become the first new for-sale development in the city for quite some time and will offer 309 residential units to potential buyers in the Arts District. The final phase will include the construction of 68 units for an investment of around $25 million. …

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Two Historic Multifamily Properties Trade Hands as 1920s Charm Makes a Comeback

Two Historic Multifamily Properties Trade Hands as 1920s Charm Makes a Comeback

Los Angeles’ residential market saw a recent upswing in interest for smaller multifamily properties as two deals were completed for properties bearing those traits. South Park Lofts in the South Park district and Avondale Apartments in Hollywood were snapped up by investment firms M West Holdings and Avondale Hollywood LLC,…

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The Desmond will Join Creative Office Building Inventory in L.A.’s South Park District

The Desmond will Join Creative Office Building Inventory in L.A.’s South Park District

The property features 15,600 square foot floor plates throughout, as well as an adjacent surface parking lot which the new owner will use to support the building’s office and retail residents. Renovations will deal with building mechanicals, new windows, brand new interior finishes while keeping the attractive sense of spaciousness…

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Long Beach Senior Affordable Community Finally Holds Groundbreaking

Long Beach Senior Affordable Community Finally Holds Groundbreaking

By Alex Girda, Associate Editor A major step was taken to ensure that an important residential development in Long Beach will have new life following a number of funding delays due to redevelopment legislation. However, the Ramona Park senior affordable housing development has managed to pull through and recently held…

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New Renaissance Hotel will Join Already Impressive Hospitality Roster at L.A. LIVE

New Renaissance Hotel will Join Already Impressive Hospitality Roster at L.A. LIVE

With the new Renaissance Hotel set to begin construction in Q1 of 2014 and a completion date set for 2016, the L.A. LIVE’s surroundings are set to feature a plethora of hospitality options, with 1,844 rooms featuring five different Marriott brands: Ritz-Carlton, Renaissance, JW Marriott, Courtyard and Residence Inn. The…

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Bixby Office Park Acquired for $85 Million; TIAA-CREF Expands Portfolio With Industrial Purchase

Bixby Office Park Acquired for $85 Million; TIAA-CREF Expands Portfolio With Industrial Purchase

It was recently announced that the Bixby Office Park was recently acquired by a private, fully-integrated real estate investment company. Parallel Capital Partners sealed a deal worth approximately $85 million to secure the commercial asset in Seal Beach, CA. This constitutes the largest office transaction in Orange County in 2013.…

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Creative Office Building in Santa Monica Secures Refinancing Deal as Silicon Beach Concept Gains Traction

Creative Office Building in Santa Monica Secures Refinancing Deal as Silicon Beach Concept Gains Traction

2700 Pennsylvania Avenue is a 62,000-square foot creative office building that will benefit from its proximity to the upcoming Bergamot Station on the Expo Light Rail line, when it opens in 2015. The building has a 100 percent occupancy rate with its two lease holders being popular names Yahoo! and…

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