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Los Angeles Hotels Trade Hands to Chinese Investors

Los Angeles Hotels Trade Hands to Chinese Investors

Southern California seems to be the perfect hospitality market for Chinese investors as two recent hotel deals were made by different companies entering the city’s real estate market. Chinese real estate developer Hazens Investment completed the acquisition of the Sheraton Gateway Los Angeles Hotel for a fee of $96 million,…

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Hines REIT Agrees to Purchase the Howard Hughes Center from Blackstone Group

Hines REIT Agrees to Purchase the Howard Hughes Center from Blackstone Group

With 2013 all but over, the Los Angeles real estate market looks set to end the year with a huge headliner as one of the largest office asset acquisitions that the city has seen this year is set to take place. The media has been buzzing over the past week…

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One Santa Fe Tops Out—Transit-Oriented Community is Just One Year from Completion

One Santa Fe Tops Out—Transit-Oriented Community is Just One Year from Completion

One of the most high-profile mixed-use projects in the entire downtown area recently reached an important milestone recently as One Santa Fe topped out. The development constitutes a $160 million investment made by a joint venture between Goldman Sachs Urban Investment Group and McGregor, Cowley and Polis. Construction duties for…

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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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Lincoln, Phoenix Property Company and Paragon Announce Six New Leases for Runway at Playa Vista

Lincoln, Phoenix Property Company and Paragon Announce Six New Leases for Runway at Playa Vista

A trio of companies that are currently in charge of the development process for a major Los Angeles retail project recently announced a number of new leasing agreements. Lincoln Property Company, Phoenix Property Company and Paragon Commercial Group have agreed terms with six new tenants for space at their Runway…

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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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Woodland Hills Apartment Community Trades Hands for $88M

Woodland Hills Apartment Community Trades Hands for $88M

One of the largest San Fernando Valley apartment deals was perfected recently when a group of investors headed Jones & Jones Management Group paid $88 million for a Woodland Hills property. The buyer acquired the Mercer at Warner Center residential community from Rockwood Capital and The Bascom Group. According to…

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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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