Los Angeles
DTLA Studio Campus Lands $130M Construction Loan
CBRE Capital Markets’ Debt and Structured Finance secured $130 million in construction financing on behalf of East End Studios for… Read more
PCA Lines Up Recapitalization on New-Build Koreatown Multifamily
Priority Capital Advisory (PCA), a boutique debt and equity capital advisor, arranged $21.6 million in financing on behalf of EGC Real Estate Group to recapitalize… Read more
Takeda Breaks Ground on $230M Expansion of LA Manufacturing Facility
Takeda has broken ground on a $230-million expansion of its Los Angeles production facility. It’s the Japanese pharmaceutical company’s largest… Read more
Berkadia Names Mortgage Banking Lead for Los Angeles, San Francisco
Berkadia has hired senior managing director Louis Friedel, who will lead the Los Angeles and San Francisco mortgage banking offices at Berkadia.… Read more
California Forever Plan Qualifies for November Ballot in Solano County
The California Forever plan to construct a new city in eastern Solano County, northeast of the San Francisco Bay Area,… Read more
Primestor Makes First NorCal Acquisition in Richmond
Los Angeles-based Primestor Development has completed its first deal in Northern California with the $36.5-million acquisition of Hilltop Plaza, a… Read more
Apartment Rents Drop in Seven of 11 Major California Cities
Even as apartments nationally continue to rise, with the national rent index for one and two-bedroom units increasing by 1.2%… Read more
One Key to Attracting Office Tenants? Less Debt
With the U.S. office market in flux for the past few years, questions focus on attracting and retaining occupiers. The… Read more
Luxury LA Apartments Fetch More than $1.5M/Unit
CBRE and Carolwood Estates recently brokered the sale of Utama Royale, a luxury, 18-unit multifamily building located at 10351 Wilshire… Read more
IPA Closes $62M Sale of NoHo Apartments for AvalonBay
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of AVA North Hollywood, a 156-unit multifamily property with… Read more
Office and Retail Drive Overall CMBS Default Rate Higher
Office and retail CMBS loan defaults drove the overall default rate higher in 2023, Fitch Ratings said Tuesday. The total… Read more
Value-Add Hollywood Offices Trade in All-Cash Transaction
Newmark completed the sale of 7083 Hollywood Blvd., a Class A value-add office investment property strategically at the intersection of… Read more
Koreatown Apartments in ED 1 Program Score Construction Debt
The Los Angeles-based Colliers Mortgage Structured Finance Group arranged $24.4 million in construction financing for Kingsley Apartments, a planned 136-unit, 100% affordable property… Read more
NYC-Based 3PL Provider Opens First West Coast Facility
Ship Essential, a Brooklyn-based third-party fulfillment company, has opened its first Southern California location in Downtown Los Angeles. The new… Read more
Mill Creek Launches Preleasing at Pomona Rentals
Mill Creek Residential, a Florida-based developer, owner-operator and investment manager specializing in rental housing across the U.S., launched preleasing at Modera Pomona,… Read more
The Ongoing Evolution of American Cities
Consider Manhattan. Once a quaint Dutch village, the city today boasts mile after mile of high-rise buildings, crowded streets and… Read more