Los Angeles
Kilroy Named NAIOP 2020 Developer of Year
NAIOP selected Los Angeles-based Kilroy Realty Corporation as the 2020 Developer of the Year, the association’s highest honor. The award… Read more
Rexford Acquires Two SoCal Industrial Assets
Los Angeles-based Rexford Industrial Realty, Inc. acquired two industrial assets in SoCal for $14.7 million, bringing the REIT’s 2020 acquisition… Read more
Banyan Residential Makes First Houston Acquisition
Los Angeles-based Banyan Residential recently acquired Lofts at the Ballpark, a 375-unit Class-A apartment property in downtown Houston. It represents Banyan’s… Read more
2nd Street USA Sets Up Shop in Chelsea
Vintage second-hand clothing store 2nd Street USA has inked a new 5,400-square-foot lease in at 142 W. 26th St. in Chelsea. 2nd Street… Read more
Staples Center Construction Leader Shares COVID-19 Strategy
By Dennis Kaiser Earlier this year, Jennifer Halstead commenced a new chapter in her professional career, taking over as COO… Read more
Net Lease Sales Volume Hit Four-Quarter Record in Q1
Net-lease investment volume increased by 34.6% to $78.9 billion for the year ending March 31, the highest four-quarter total on… Read more
BREAKING NEWS: Silverstein Reportedly in Talks with OUE to Buy L.A.’s U.S. Bank Tower
Singapore-based OUE Limited is reportedly in talks with New York-based Silverstein Properties to sell the iconic U.S. Bank Tower in… Read more
April Trade Volumes Rebound at SoCal Ports
Container volumes in April at the Port of Los Angeles and Long Beach bounced back, rising 25% month-over-month. Despite the… Read more
Finance Experts Outline CRE Lending Opportunities Ahead Despite COVID-19
By Dennis Kaiser Connect Commercial Real Estate’s Los Angeles Finance webinar, held earlier this week with a group of CRE… Read more
Chris Naylon Joins Sands Investment Group in Santa Monica
Sands Investment Group (SIG) expanded its SoCal team with the addition of Chris Naylon, who was hired to fill the… Read more
NAIOP SoCal Appoints First-Ever Chief Executive Officer
The Southern California chapter of NAIOP appointed Timothy “Tim” Jemal as its first chief executive officer. Jemal brings 30 years… Read more
173-Unit MF Property in Phoenix Trades Hands for $13M
Los Angeles-based Stepp Commercial completed a $12.8 million acquisition of Ocotillo Apartments, a 173-unit apartment community in Phoenix. The buyer… Read more
Crown Group Unveils Design for $500M DTLA Development
Australian residential developer Crown Group unveiled the design for its $500-million mixed-use high-rise tower in Downtown Los Angeles. The 43-story… Read more
Hackman Capital’s TV City Pledges $2M to Support Beverly/Fairfax District, Promote Entertainment Industry Diversity
Television City, the iconic media campus owned and operated by an affiliate of Hackman Capital Partners, pledged $2 million to… Read more
Lawsuit Challenges City of L.A.’s Eviction Ban, Rent Freeze Moratoria
The Apartment Association of Greater Los Angeles (AAGLA) filed a lawsuit against the City of Los Angeles on behalf of… Read more
Shorenstein Secures 48K-SF Lease at Atlanta’s Bank of America Plaza
Real estate investment management company Shorenstein Properties has secured a 48,000-square-foot, multi-floor lease with law firm Lewis Brisbois at Atlanta’s… Read more
LaTerra Development, Canadian Investment Manager Launch $250M Multifamily JV
Los Angeles-based LaTerra Development formed a programmatic JV with Vancouver, Canada-based QuadReal Property Group. The venture will invest up to… Read more
Simon Calls Off $3.6B Deal for Taubman Centers
Simon Property Group said Wednesday it had terminated its Feb. 9 merger agreement with Taubman Centers Inc. and had filed suit… Read more
Capital One Closes Freddie Mac Small Balance Loans for SoCal MFs
Capital One provided Freddie Mac small balance loans totaling $31.1 million to finance nine apartment communities in SoCal. The sponsor,… Read more