Los Angeles
Two California Markets Experience Growing Sublease Dilemma, Reports CBRE
The amount of office space offered for sublease in the 10 largest U.S. office markets increased by 12% since the… Read more
Single-Tenant Lubbock MOB Trades to RealtyMogul
JLL Capital Markets closed the sale of 3601 21st St., a 20,880-square-foot, single-tenant, net-leased medical office property in Lubbock. Terms… Read more
David Kelly Returns to Westport as VP Development
Irvine-based Westport Properties, Inc. brought back David Kelly as Vice President of Development to oversee the development team, focusing on… Read more
Hankey, Jamison ‘Top Out’ $300M Koreatown Tower
A construction milestone has been reached at the $300-million Kurve on Wilshire residential tower in Los Angeles’ Koreatown. The developers,… Read more
PCCP, Koll JV Acquires 8-Building Industrial Portfolio for $41M
A joint venture of Los Angeles-based PCCP, LLC and Irvine, CA-based The Koll Company acquired a 100% leased, 510,707-square-foot, eight-building… Read more
Seavest Acquires MLK Jr. Community Hospital MOB from Trammell Crow
White Plains, NY-based Seavest Healthcare Properties LLC acquired the newly built 52,000-square-foot Martin Luther King (MLK) Jr. Community Hospital medical… Read more
Jose Carrazana Joins Institutional Property Advisors in Los Angeles
Institutional Property Advisors (IPA), a division of Marcus & Millichap, expanded its team in Los Angeles. Jose Carrazana joined Tom… Read more
BH Properties Launches Debtor-in-Possession Platform
Los Angeles-based BH Properties launched a debtor-in-possession (DIP) initiative and set aside $200 million in initial funding to finance and… Read more
Amazon Expands Footprint in Hawaii
Seattle-based Amazon acquired a 14.5-acre industrial property in Honolulu Servco Pacific for an undisclosed amount. The property sits next to… Read more
DTLA’s U.S. Bank Tower Goes to Mystery Buyer for $430M
Beringia Central LLC, an indirect wholly-owned subsidiary of OUE Limited, is selling U.S. Bank Tower in Downtown Los Angeles to… Read more
Are Large Financing Transactions Back?
By Paul Bubny Last month, SL Green Realty Corp. closed on a $510-million mortgage financing that was secured by 220… Read more
Troy Jenkins Joins Avison Young’s Global Investment Management Team
Avison Young is expanding its Global Investment Management practice with the addition of Troy Jenkins as a Principal and Director… Read more
Omninet Capital Buys MF in L.A.’s Koreatown for $32M
Beverly Hills-based Omninet Capital acquired The Maya Apartments, a 72-unit multifamily property in Los Angeles’ Koreatown section, from Jamison Properties… Read more
George Smith Partners Secures $63M in Financing for MXU Development in Colorado
Los Angeles-based George Smith Partners secured a $62.75 million non-recourse bridge loan for a 253-unit Class A, mixed-use development near… Read more
CBRE Wins Chase Bank Portfolio Assignment from MetLife
Los Angeles-based CBRE won the assignment to market a portfolio of 16 current and former Chase Bank retail properties throughout… Read more
Rexford Names Laura Clark CFO
Los Angeles-based Rexford Industrial Realty, Inc. appointed Laura Clark as Chief Financial Officer, effective September 1, 2020. Clark will succeed… Read more
Wafra Invests $400M in Digital Colony Platform
New York-based Wafra Inc. is acquiring a minority stake in Digital Colony, the digital investment management division of Los Angeles-based… Read more
High Desert Hotel to be Sold in Bankruptcy Auction
The Inn at Silver Lakes Resort Lodge Owners Association engaged NRC Realty & Capital Advisors, LLC to sell 100% of… Read more
Los Angeles Accepting Applications for $100M COVID-19 Rent Relief Program
The window to apply for Los Angeles’ $100-million COVID-19 rent relief program opens today. Renters can apply for up to… Read more