Top Stories From Around The Web

• New Retail, Industrial JVs Indicate $340M Worth Of Market Confidence

  Two just-announced joint ventures are another indication of a strengthening CRE sector, or at least evidence that opportunities are still to be found in distressed properties.
  Commercial Property Executive - May 22
  
  

• Buyers Of Olympic-Bundy Property Plan Creative Office Campus

  The West Los Angeles site of a proposed medical office and residential complex opposed by neighbors because of its size has been purchased by a local real estate company that vows to keep its developm…
  Los Angeles Times - May 22
  
  

• Downtown Los Angeles Hotel Will Have Lobby On 70th Floor

  With work set to begin soon on a $1-billion luxury hotel in downtown Los Angeles, developer Korean Air revealed some details about the tower that is expected to dramatically alter the city’s sky…
  Los Angeles Times - May 22
  
  

• Ellen Degeneres Downsizes Into 8,500-square-foot Beverly Hills Home

  Cyberspace was a-twitter this week with the news that Ryan Seacrest is buying Ellen DeGeneres’ Beverly Hills compound for $37 million, and that she and spouse Portia de Rossi are moving no farth…
  Los Angeles Times - May 22
  
  

• Home Of The Week: Italian Renaissance-style In La Jolla

  Taking its cues from Teatro La Fenice, an opera house in Venice, this Italian Renaissance-style estate was recently doubled in size.
  Los Angeles Times - May 22
  
  

• Historic Hospital Property In LA’s Boyle Heights To Be Redeveloped Into Seniors Res Project

  After sitting vacant for more than 20 years, the historic Linda Vista Hospital in the Boyle Heights community of Los Angeles will be redeveloped into 97 affordable housing units for seniors, a communi…
  RENTV.com - May 22
  
  

• West LA Post Office Facility Sells For $2 Mil

  A 12.2k sf U.S. Post Office facility located at 811 N. La Brea Ave in Inglewood sold for $2.1 mil, or about $172/sf.
  RENTV.com - May 22
  
  

• Universe Holdings Refis Chatsworth Multifamily Property

  Universe Holdings Development Co completed a $17.4 mil refi on Nantucket Creek, a 172-unit seniors housing community in Chatsworth.
  RENTV.com - May 22
  
  

• LA Westside Property Lands $3.7 Mil Bridge Financing For Renovation

  Quantum Capital Partners has arranged an interim bridge loan for a private investment firm to renovate an Art Deco-themed, mixed-use property located at 8301-8303 Beverly Blvd, between La Cienega Blvd…
  RENTV.com - May 22
  
  

• Regency Centers Collects $62 Mil From San Pedro Retail Sale

  In a big SoCal retail buy, an affiliate of First Washington Realty Inc has purchased Park Plaza, a 200k sf shopping center in San Pedro, for $62 mil ($310/sf).
  RENTV.com - May 15