REAL ESTATE

Glendale Multifamily Portfolio Sells for $79M

Dana Point-based Raintree Partners purchased seven multifamily properties in Glendale for $79 million.

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Rexford Buys Two Properties for $35M

Brentwood-based Rexford Industrial Realty Inc. has snapped up two industrial properties for $34.4 million.

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LA Acquires Industrial Lot

City will expand adjacent transportation yard

City buys downtown industrial property.

Second Home Taps Ex-Clippers Exec

Company to open first flexible office location in Hollywood later this year

Second Home looks for Hollywood beginning.

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SETTING THE STAGE

Streaming is a boon for the handful of companies that own Tinseltown’s studio space

Streaming platforms flock to local soundstages.

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BLT Purchases Stages in Hollywood

A subsidiary of Santa Monica-based BLT Enterprises purchased the Ben Kitay Stages in Hollywood for an undisclosed sum, the group announced May 29. It is BLT’s first studio acquisition.

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Walter Marks Planning 42-Story, $400M Apartment Tower in Miracle Mile

Developer Walter Marks plans to build a 42-story, $400 million luxury apartment tower at 5411 Wilshire Blvd.

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Sunset Strip Project Gets $300M Loan

The West Hollywood Edition Hotel and Residences has received a $300 million floating-rate loan.

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Expo Park Plaza Sells for $18M

Expo Park Plaza, a retail center in Exposition Park, has sold for $17.85 million, Lee & Associates announced May 20.

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L.A. Care Taking 370K SF Downtown

L.A. Care Health Plan has signed a 370,000-square-foot lease for an office building downtown, the company announced May 16.

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Ground Lease Interest in Brentwood Gateway Sold for $58M

An affiliate of Vintage Capital Group has sold a ground lease interest in the Brentwood Gateway for $58 million.

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El Segundo Building Sold for $31M, Plans Call for Expansion, WeWork Space

Cardinal Real Estate Investments has purchased Continental Park in El Segundo for $31 million.

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Japanese Food Company Leases 300K SF in El Monte

A Japanese food, beverage and restaurant supplier has leased nearly 300,000 square feet at a new logistics facility in El Monte.

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Starwood Capital, Holland Partner Group Plan Opportunity Zone Development

Miami-based Starwood Capital Group and Vancouver, Wash.-based Holland Partner Group formed a joint venture to acquire and develop a multifamily property in San Pedro, Starwood Capital announced May 13.

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MetWest Residential Building Sold for $38M

Cypress Real Estate Advisors Inc. has purchased the MetWest, a multifamily building in Hollywood for $38 million, records show.

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