Developer South Bay Partners has announced plans for a senior living community near Century City. Plans filed with the city Dec. 6 call for 192 units. Of the units, 71 will be independent living, 75 will be assisted living and 46 will be memory care living.
REAL ESTATE: Firm nabs Charles Dunn Co. team
Kidder Mathews not kidding about growth.
Square Mile Capital Management LLC and Deutsche Bank are providing $231.6 million in financing for creative offices in Culver City, Square Mile Capital announced Dec. 5. The borrower is Culver City-based Samitaur Constructs.
As companies move away from traditional workplaces, the need for coworking spaces has grown.
Century City-based Ares Management Corp. closed the Ares U.S. Real Estate Fund IX at $1.04 billion. The fund looks at value-add opportunities in multifamily, industrial and office investment properties.
The Guardian Life Insurance Company of America will acquire equity interest in Los Angeles-based Lowe Enterprises Investors. LEI is currently held by Lowe Enterprises. Terms of the transaction were not disclosed.
Radiology Partners is moving its headquarters to a new building in El Segundo, signing a lease valued at $33 million, CBRE Group Inc. announced Nov. 29. The company is currently headquartered in a different El Segundo building.
Downtown-based Arc Capital Partners received an allocation of $100 million from Sherman Oaks-based Belay Investment Group the companies announced Nov. 26.
Innovation Special Report
Fifth Wall Ventures co-founder Brendan Wallace is an advocate for new technologies and not just in his professional life as the managing partner of a venture capital firm focused on real estate technology.
Inglewood may soon be getting a new hotel. The mayor and city council have approved a 120-room Tru by Hilton hotel at the corner of 111th Street and Prairie Avenue, near the future NFL Stadium for the Los Angeles Rams and the Los Angeles Chargers.
A 1930-era, 40-unit apartment building in West Hollywood has sold for $15.66 million.
One Beverly Hills may finally have a new owner. Chinese conglomerate Dalian Wanda Group has sold the property to London-based Cain International and Beverly Hills-based Alagem Capital Group.
Los Angeles-based Rexford Industrial Properties purchased two properties for $40.3 million using cash on hand, the company announced Nov. 12.
Hippo, a Mountain View, Calif.-based tech-enabled home insurance startup, raised $70 million from a venture capital group led by Felicis Ventures and Lennar Corp., with Venice’s fledgling venture capital firm Fifth Wall Ventures also participating.
Netflix Inc. has signed yet another lease in Hollywood. The streaming giant signed a lease to take over the entire 355,000-square-foot commercial space at the Academy on Vine project in Hollywood, Kilroy Realty Corp., the property developer, announced Nov. 13.