Los Angeles
Bill to Repeal Constitutional Roadblock to Affordable Housing Passes Senate
Legislation to repeal article 34 of the California Constitution passed the Senate on Tuesday with a unanimous vote. The SCA… Read more
New York Seller Trades Array Apartments to Cali Buyer
Castle Lanterra Properties (CLP) ended its three-year hold on the 370-unit Array Apartments in Austin’s East Riverside-Oltorf neighborhood. The Suffern,… Read more
Net-Lease Investment Outperforms Broader CRE Market, L.A. Among Top Targets
U.S. net-lease investment is outpacing the broader commercial real estate market in 2019, with Greater Los Angeles among the leading… Read more
HWE Expands Hotel Group with 10 Hires from HFF
Hodges Ward Elliott (HWE) has made 10 additions to its hotel group, and has opened new offices in Chicago, Dallas,… Read more
Agora Realty Claims T.O. Office Asset; Kicks Off MOB Conversion
Los Angeles-based Agora Realty acquired a 16,200-square-foot property located at 248 Hampshire Rd. in Thousand Oaks, CA for $6.4 million.… Read more
54K-SF Ahwatukee Mercado Claimed by California Buyer
Westwood Financial LLC now owns the Ahwatukee Mercado shopping center in Phoenix’s Ahwatukee Foothills Village district. The Los Angeles buyer… Read more
Westcore Sells Industrial Park to PS Business Parks for $104M
PS Business Parks, Inc. acquired Hathaway Industrial Park, a fully-leased, 543,161-square-foot, multi-tenant office park in Santa Fe Springs, CA from… Read more
208-Bed Nix Medical Center to Be Shuttered
Prospect Medical Holdings announced it would shutter its 208-bed Nix Medical Center, downtown San Antonio’s acute-care hospital. The Los Angeles… Read more
Jacob Sachse Joins Integrated Capital Management
Los Angeles-based Integrated Capital Management (ICM) expanded its team with the addition of Jacob Sachse, who joins the company as… Read more
What Recession? We are Busier Than Ever. Help Wanted
Connect Media, which ranks No. 1128 on the 2019 Inc. 5000 list, is looking to expand its team. The fast-growing… Read more
Rexford Completes $123M in SoCal Industrial Deals
Rexford Industrial Realty, Inc. acquired five industrial properties for a total of $110.3 million and disposed two properties for $12.8… Read more
New Standard Equities Acquires MF in Surging Seattle Market
Los Angeles-based New Standard Equities (NSE) acquired Majestic Bay, a podium style 81-unit apartment community located in Des Moines, WA.… Read more
$100M Office Building Replaces Cold Storage Facility in DTLA Arts District
Denver-based Continuum Partners commenced demolition work at the future site of its ProduceLA project, a $100-million, ground-up creative office development… Read more
Sanam Parvizi Joins Stream from Guess?
Stream Realty expanded its team in SoCal with the addition of Sanam Parvizi. She specializes in retail leasing, focusing predominately… Read more
Connect Texas Multifamily: Discussing Urban and Suburban Development Trends
By Amy Wolff Sorter With megalopolis sprouting throughout Texas, it made sense that the recent Connect Texas Multifamily conference should… Read more
Elite College Football Programs Drive More Capital to Student Housing
Student housing linked to universities with elite football programs attract the best pricing and greatest demand from investors, according to… Read more
Repositioned Retail Center in Monrovia Sold for $31M
Monrovia Landing, a grocery-anchored asset in Monrovia, CA, has traded hands for $30.5 million. The 100%-leased property is home to… Read more
Lightstone Tops out Moxy South Beach Hotel
National real estate investor and developer Lightstone has topped out Moxy South Beach, a 202-room, eight-story hotel in Miami beach.… Read more
Marriott’s AC Hotel Opens in El Segundo
The AC Hotel Los Angeles South Bay, a 98,728-square-foot, six-story hotel in El Segundo’s business district, is now open. R.D.… Read more