Los Angeles
Co-Working Breathes Life into SoCal’s Obsolete Retail Space
Retailers across America are considering ways to repurpose vacant space. A study by JLL shows that 75,000 square feet of… Read more
California’s Wildfire Insurance Bill Rises to $11.4B
The cost of the November 2018 wildfires has risen to $11.4 billion, a 25% increase from California Dept. of Insurance’s… Read more
ASB Secures $95M Loan on DTLA’s WaterMarke Tower
Washington D.C.-based ASB Real Estate Investments (ASB) secured $95 million in financing for WaterMarke Tower, a 35-story, Class A apartment… Read more
Harridge’s $1B Crossroads Hollywood Development Green Lit
Los Angeles-based Harridge Development Group received an approval from the L.A. City Council on Crossroads Hollywood, a $1-billion, mixed-use development… Read more
U.S.-China Economies Transition from Strategic Engagement to Strategic Competition
The second annual 2019 Cathay Bank, UCLA Anderson Forecast U.S.-China Economic Report provides insights on the U.S. and China economies… Read more
Colliers Taps David Josker to Head Southwest Region
Colliers International Group Inc. named David Josker as President, Southwest Region, U.S. Brokerage. He joins from CBRE and will oversee… Read more
Hunt RE Capital Finances Affordable Deal for Avanath
Hunt Real Estate Capital has provided a $19.5-million Fannie Mae affordable multifamily loan to a Texas LLC sponsored by Los… Read more
1031 Exchange Buyer Bags Fontana Jack in the Box
A brand-new, single-tenant Jack in the Box in Fontana, CA has traded hands for $2.4 million. The seller and developer… Read more
DTLA’s Historic Herald Examiner Building Snags $56M for Redevelopment
New York-based The Georgetown Company secured $56.4 million in bridge financing for the redevelopment and renovation of the Herald Examiner… Read more
Standalone Jewel-Osco Trades in 1031 Exchange
The Boulder Group recently completed the sale of a single-tenant net leased Jewel-Osco property at 1660 Larking Ave., Elgin, IL… Read more
Shifting Investment Strategies Sweep Across SoCal
Tim Lee, Principal at Olive Hill Group, provides an industry outlook on the biggest trends shaping the SoCal market. Check out… Read more
Lightstone Launches CRE Debt Platform
National real estate investor and developer Lightstone has launched a real estate debt platform, Lightstone Capital. It has hired Eugene Rozovsky, previously with Madison Realty… Read more
CBRE Heads Freddie Mac’s Top 2018 Multifamily Lenders
Freddie Mac Multifamily leads the industry with $78 billion in total production last year, financing roughly 860,000 rental units, and… Read more
Institutional Investors Still Favor L.A. Multifamily
By Dennis Kaiser JLL recently expanded its multifamily team in SoCal with the addition of Chris Benton as SVP. Connect Media asked the veteran… Read more
CIM Claims Dexter Horton Building in Seattle for $151M
Los Angeles-based CIM Group acquired the Dexter Horton Building, a 15-story, roughly 335,000-square-foot Art Deco office building in Downtown Seattle… Read more
TruAmerica Divests Ontario MF for $42M
Mountain Summit Condominiums, a 194-unit garden-style multifamily property in Ontario, CA, traded hands for $42.25 million. The buyer was SoCal-based… Read more
DTLA’s Iconic U.S. Bank Tower Could Command $700M
Singapore-based OUE Limited is reportedly looking to sell the iconic U.S. Bank Tower in DTLA, which spans 72 stories and… Read more
Larry Cambra Takes CushWake Brokerage Leadership Role
Cushman & Wakefield hired Larry Cambra as its new Director of Brokerage in San Diego. He brings more than a… Read more
John Balestra Promoted at Trammell Crow Co.
Trammell Crow Company (TCC) promoted John Balestra to Principal with the firm’s SoCal-Los Angeles Business Unit. The 30-year CRE veteran… Read more