Reporter (Real Estate)
New York-based commercial real estate finance firm Meridian Capital Group has arranged a 10-year $105 million loan for an affiliate of J.H. Snyder Co. to refinance the SAG-AFTRA Building at 5757 Wilshire Blvd on the Miracle Mile.
Commercial Real Estate Exchange Inc., a Marina del Rey-based marketing and technology platform, announced it has secured $11 million in series A financing led by Jackson Square Ventures of San Francisco.
Culver City-based office security tech firm Openpath launched May 22, helped by a $7 million funding round and helped by local funds.
Preferred Bank has expanded its headquarters at 601 S. Figueroa St. in downtown Los Angeles to 37,000 square feet, landlord Brookfield Properties announced.
San Francisco-based Swift Real Estate Partners has purchased a 549,000-square-foot three-building office campus at 2200, 2222 and 2230 E. Imperial Highway in El Segundo for $170 million, an unidentified industry source said.
Hong Kong-based Austin Pang Gloves Manufacturing Corp. has purchased a newly-constructed, 72,000-square-foot building at 17343 Freedom Way in the City of Industry for $13.4 million or about $185 per square foot.
$300M in new commercial real estate fund
San Francisco-based investment firm DivcoWest Real Estate Services and the California State Teachers’ Retirement System last week said they will include Los Angeles as a target market for a $300 million joint venture for commercial real estate investments.
The FBI has arrested commercial real estate developer Arman Gabaee, co-founder and co-managing partner of the Hollywood-based Charles Co., on criminal charges alleging he illegally paid off a Los Angeles County government employee who negotiated leases on the county’s behalf.
Los Angeles Football Club has signed a lease for 25,000 square feet of office space to house its headquarters at 818 W. 7th St. in downtown Los Angeles, CBRE Group Inc. announced.
San Francisco-based investment firm DivcoWest Real Estate Services has entered into a $300 million joint venture with the California State Teachers’ Retirement System, which will focus on acquiring commercial real estate throughout the nation.