Los Angeles Commercial Real Estate News

Weekly People & Company News for July 7

By Paul Bubny | July 06, 2023 First American Financial Corporation, headquartered in Santa Ana, appointed Jody Mulkey as chief t...Read more

BH Properties has launched a new investment initiative led by William Stoll, with a goal of building a $1-billion affordable housing portfolio

BH Properties Sets Sights on $1B Affordable Housing Portfolio

By Paul Bubny | July 06, 2023 BH Properties has launched a new investment initiative into affordable housing with a go...Read more

Silverstein Properties has secured a lease with Brown & Riding Insurance Services at U.S. Bank Tower in Downtown Los Angeles

Silverstein Signs Brown & Riding at DTLA’s U.S. Bank Tower

By Paul Bubny | July 05, 2023 Brown & Riding Insurance Services Inc., one of the largest wholesale insurance broker...Read more

LA City Council Exempts Affordable Projects from Site Plan Review

By Paul Bubny | July 05, 2023 The Los Angeles City Council has voted to exempt affordable housing projects from the Site Plan Rev...Read more

CIM Group has begun construction of a mixed-use development at 3045 Crenshaw Blvd. on the former north campus of West Angeles Church.

CIM Group Launches Development at West Angeles Church Campus

By Paul Bubny | June 30, 2023 CIM Group was joined by Pastor Charles Blake II, pastor of West Angeles Church of God in Christ, an...Read more

Colliers arranged the sale of the former Farmer John site in Vernon, CA on behalf of Smithfield Foods

Goodman North America Scores 29-Acre Farmer John Site in Vernon

By Paul Bubny | June 30, 2023 Colliers closed the sale of the Farmer John site, a large-scale 29-acre industrial infill site in V...Read more

Phase one has been completed on The Rise Koreatown, a mixed-use residential and retail project located in Los Angeles' Koreatown neighborhood

Phase One of Koreatown Mixed-Use Reaches Completion

By Paul Bubny | June 29, 2023 Cal-Coast Development Corp. and Rescore Property Corporation have completed phase one of The R...Read more

UCLA has acquired the historic Trust Building in downtown Los Angeles and will use it to expand its presence in DTLA

UCLA Acquires Historic Trust Building in DTLA

By Paul Bubny | June 29, 2023 UCLA has acquired the Trust Building, an 11-story, 334,000 square-foot high-rise near Pershing Squa...Read more

PeerStreet, an online platform for investing in real estate debt, has filed for Chapter 11 bankruptcy protection and plans to sell all its assets

Online Debt Marketplace PeerStreet Files for Chapter 11, Will Sell Off Its Assets

By Paul Bubny | June 28, 2023 Peer Street, Inc. and its affiliated companies, headquartered in El Segundo, have filed for protect...Read more

JRM Construction West completed a renovation of the U.S. Bank Tower’s 54th floor and a main lobby renovation for building owner Silverstein Properties

Silverstein’s U.S. Bank Tower Completes Renovations to 54th Floor, Lobby

By Paul Bubny | June 28, 2023 JRM Construction West completed a 12,000-square-foot demolition and renovation of the U.S. Bank Tow...Read more

Skanska has been selected to manage construction on two current projects by the San Gabriel and Lower Los Angeles Rivers and Mountains Conservancy

Skanska Tapped to Manage Construction on SELA Cultural Center, Compton Park

By Paul Bubny | June 28, 2023 The San Gabriel and Lower Los Angeles Rivers and Mountains Conservancy (RMC) selected Skanska Integ...Read more

CapRock Partners acquired an industrial outdoor storage facility in San Bernardino that also includes 31,000 square feet of warehouse space

CapRock Acquires Industrial Outdoor Storage in Pico Rivera

By Paul Bubny | June 27, 2023 CapRock Partners purchased Olive Tree Industrial, a 3.1-acre value-add industrial outdoor stor...Read more

TruAmerica Multifamily has refinanced more than 2,100 apartments in four states with agency loans totaling $300 million

TruAmerica Multifamily Refis Five Properties for $300M

By Paul Bubny | June 27, 2023 TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, added to a...Read more

CBRE closed the $21-million sale of 22501 Hawthorne Blvd., a 3.82-acre redevelopment site in Torrance, California to Intracorp Homes

Retail Site in Torrance Trades for Residential Redevelopment

By Paul Bubny | June 26, 2023 CBRE closed the $21-million sale of 22501 Hawthorne Blvd., a 3.82-acre redevelopment site in T...Read more

Business law firm Ervin Cohen & Jessup LLP has added Jonathan Bloch, an EB-5 expert, to its real estate practice

EB-5 Expert Jonathan Bloch Joins Ervin Cohen & Jessup

By Paul Bubny | June 26, 2023 Jonathan Bloch has joined the real estate practice at the Beverly Hills-based business law fir...Read more

Newmark arranged a $947-million loan on behalf of Prime Residential for Los Angeles’ historic Park La Brea, the largest apartment community on the West Coast

$947M Loan Goes to West Coast’s Largest Apartment Complex

By Paul Bubny | June 26, 2023 Newmark Group secured a $947-million loan for Los Angeles’ historic Park La Brea, the largest apa...Read more

The Federative Republic of Brazil signed a 10.5-year lease for 16,477 square feet at 6222 Wilshire Blvd. in Los Angeles' Miracle Mile neighborhood

Brazil’s Consulate General Inks 10.5-Year Office Lease

By Paul Bubny | June 23, 2023 The Federative Republic of Brazil has signed a 10.5-year lease for 16,477 square feet at ...Read more

CBRE arranged the sale of a 1.43-acre infill industrial site in Lynwood, California to Prologis, which acquired it for land value

Infill Industrial Site Trades to Prologis for Land Value

By Paul Bubny | June 23, 2023 CBRE arranged the sale of a 1.43-acre infill industrial site in Lynwood to Prologis. The sale price...Read more

Lee & Associates-Pasadena closed an all-cash deal for the two-building Royale Oaks Offices Building in Covina, California

Covina Offices Snapped Up by International Investor

By Paul Bubny | June 22, 2023 Lee & Associates-Pasadena closed a deal for Royale Oaks Offices Building, located at 1272-1274 ...Read more

Real estate merchant bank Dekel Capital has launched a new credit platform offering multifamily owners and investors mezzanine and preferred equity capital

Dekel Capital Launches Credit Platform with Focus on Multifamily

By Paul Bubny | June 21, 2023 Dekel Capital has launched a new credit platform offering multifamily owners and investors mez...Read more

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