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Hannah Madans

Stories by Hannah

LA Home for Santa Fe RE Investment Firm

Gemini-Rosemont will occupy offices in iconic Century City building

Gemini-Rosemont Realty looks to cash in on L.A.’s real estate market with HQ move.

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Rexford Acquires Four Industrial Buildings for $85M

Sawtelle-based Rexford Industrial Realty, Inc. has purchased four industrial properties for $84.5 million, the company announced April 18.

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Skydance Pays $321M for Lantana Buildings in Santa Monica

Skydance Media purchased Lantana Center and Lantana West in Santa Monica for $321 million, records show.

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Mixed-Use Complex in Long Beach Sells for $48.9M

MG Properties Group purchased a 158-unit apartment building with ground floor retail in Long Beach for $48.9 million, records show.

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Long Beach Commercial Property Sells for $29M

Fort Ashford Funds purchased a building with a Vons in Long Beach for $29 million, records show.

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Tax Change Leads to Sale-Leaseback Surge

Companies free up capital and cash in on properties


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Mergers, Consolidation Drive Sublease Market

Moves by Snap, others leave unused office space in search of tenants


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HHH Gives Projects a Boost

Local builders tap $800M in public funds for supportive housing

A range of factors are driving growth and opportunity across Los Angeles’ real estate market. While some companies are benefitting from an influx of public money, others are taking advantage of tax law changes. In this week’s special report, we break down hot topics and trends as well as the latest data.

$62.9M for San Pedro Residential Complex

The 216-unit Park Western Estates in San Pedro sold for $62.9 million, Berkadia announced April 11.

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Cedars Adding 30K SF Office Space at Pacific Design Center

Cedars-Sinai has expanded its offices at the Pacific Design Center by 30,000 square feet, according to Cohen Brothers Realty, owner and developer of the three-building complex in West Hollywood.

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Closing Ranks Over Open Concept

REAL ESTATE: Maligned cubicle gets a second look

L.A. companies not open to open concept.

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Beverly Grove Church to Build Apartments

Our Lady of Mt. Lebanon to build, manage 19-story residential building

Church to build 19-story apartment building.

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Warner Music Parent Buys Arts District Building for $195M

Warner Music Group’s parent company is purchasing a former factory in the Arts District, which will serve as the label’s new West Coast headquarters, for $195 million.

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Video Startup Leases 104K SF in Arts District

Downtown-based video startup company TubeScience has leased nearly 104,000 square feet in the Arts District, Cushman & Wakefield announced April 3.

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HBO Leases Ivy Station in Culver City

HBO has leased the entire 240,000-square-foot office building at Ivy Station as its new corporate headquarters. Lowe, AECOM-Canyon Partners and Rockwood Capital, the developer of Ivy Station, confirmed the long-rumored lease April 3.

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SRO Housing Planning 121-Unit Affordable Housing Complex in Westlake

Downtown-based nonprofit SRO Housing Corp. filed plans with the city March 28 for a seven-story complex with 121 units in Westlake.

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WeWork Accelerates LA County Expansion

Co-working giant signs NoHo, downtown leases as part of local growth plan

WeWork grows Los Angeles footprint.

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Broker Bonding

Hot listings drive agents to share residential sale credit

Co-listing common trend in L.A. real estate.

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Beverly Grove Catholic Church Planning 19-Story Residential Tower

Our Lady of Mt. Lebanon has filed plans for a 19-story, 153-unit residential tower in Beverly Grove, the Maronite Catholic church announced March 28.

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Gemalto Cogent Signs $14M Lease in Pasadena

Biometrics firm Gemalto Cogent Inc. has signed a $14 million lease at an office building in Pasadena, CBRE Group Inc. announced March 27.

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ServiceTitan Expands HQ in Glendale

Glendale-based ServiceTitan Inc. has leased 125,000 square feet in Glendale, building owner Beacon Capital Partners announced March 26. Terms of the lease were not disclosed.

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Goodwin Procter Steps onto Silicon Beach

Boston-based law firm signs Santa Monica office lease for 20-lawyer outpost

Goodwin Procter to open tech-focused office in Silicon Beach.

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A tide of new development rises in Long Beach

Real estate developers are plunging into the waterfront city of Long Beach where speedier approvals, strong demand and lack of rent control have opened the flood gates to residential and commercial projects.

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Faraday Future Sells Gardena Headquarters

Electric vehicle developer Faraday & Future Inc. sold its Gardena headquarters in the latest attempt by the distressed firm to make up for lost funds.

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WeWork Announces Two New Locations

Co-working giant WeWork Companies Inc. has announced new locations in North Hollywood and the Arts District.

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Hudson Pacific Adds CAA Agent, Latina Founder Haubegger to Board

Brentwood-based Hudson Pacific Properties, Inc. named Christy Haubegger to the company’s Board of Directors.

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Sunset Formosa Apartment Complex Sells for $12.4M

The Sunset Formosa, a 36-unit apartment in Hollywood, sold for $12.4 million, Stepp Commercial announced March 19.

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$71.6M for Westlake Apartment Complex

The Roberts Companies has purchased the Lennox Apartments in Westlake for $71.6 million, records show. The company did not immediately return requests for comment.

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Multifamily Building in Hollywood Sells for $17.7M

South L.A.-based DavHan Inc. purchased a 28-unit multifamily building in Hollywood for $17.7 million, records show. The company did not immediately return requests for comment.

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West Hollywood Retail Property Purchased for $25.25M

Safco Capital Corp. purchased a retail lot with a Gelson’s Market in West Hollywood for $25.25 million, Crosbie Gliner Schiffman Southard & Swanson announced March 15.

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Opportunities Don’t Lead to Deals

Investors tentative about distressed-zone tax incentive

A federal tax incentive aimed at boosting development in economically distressed communities is driving up phone call volume for many tax lawyers in Southern California.

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La Mirada Office Building Sells for $13.64M

Anaheim-based real estate investment company Milan Capital Management bought an office building in La Mirada for $13.64 million, CBRE Group Inc. announced March 14.

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City of Industry Building Sells for $11.5M

Commerce-based Max Sales Group Inc. has purchased a 64,000-square-foot industrial building in the City of Industry for $11.5 million.

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Logistics Firm Signs $11.2M Lease for Industrial Space in Industry

Soho Logistics will take over a 168,913-square-foot industrial facility in the City of Industry in a lease valued at $11.2 million, CBRE Group Inc. announced March 11.

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WeWork to Open First Location in Beverly Hills

WeWork Companies Inc. has signed a lease for 70,000 square feet in Beverly Hills. Terms of the lease were not disclosed.

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Common, Proper Development Team Up to Build Seven Co-Living Homes in LA

New York-based Common plans to spend $100 million to build seven co-living homes in Southern California with Beverly Grove-based Proper Development.

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Business Hall of Fame

Jerry Snyder’s not done making his mark on L.A.

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Modest K-Town Units Draw Interest in Hot Market

Apartment building with studios and 1-bedrooms sells for $12.6 million

Hot Koreatown residential real estate market spreads to modest units.

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$65M for Ocean Avenue Parcel in Santa Monica

Beverly Hills-based StarPoint Properties has sold a 0.79-acre property for $65 million, showing that what they say in real estate is true: location, location, location.

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West LA Retail Property Sells for $22.6M

A roughly 36,000-square-foot retail property in West L.A. has sold for $22.6 million, CBRE Group Inc. announced March 5.

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Colony Capital Builds Last-Mile Network With Purchase of 54 Industrial Properties

Affiliates of downtown-based Colony Capital Inc. have acquired 54 industrial buildings for $1.16 billion, the company announced March 5.

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Skya Ventures Planning 92-Unit Complex in East Hollywood

Tarzana-based Skya Ventures plans to develop a 92-unit complex in East Hollywood, according to plans filed with the city Feb. 28.

Two Apartment Buildings in Santa Monica Sold for $20.6M

A family trust has sold a $20.6 million portfolio of two apartment buildings in Santa Monica, Stepp Commercial announced Feb. 28.

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Westlake Apartment Building Receives $23M in Financing

A 189-unit apartment building in Westlake has received $22.5 million in financing, HFF announced Feb. 28.

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Residential Rides On

Residential Brokers Special Report

This special report details their successes and looks at players who drive the market.

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Third Street Promenade Building Sold for $24.5M

Blatteis & Schnur purchase along high-traffic area funded by $17.6M loan

Life’s a beach for seller of $24.5M SaMo building.

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Downtown-based Colony Capital Inc.’s industrial platform, Dallas-based Colony Industrial, sold a light industrial portfolio to Nuveen Real Estate Ltd.

Colony Sells RE Portfolio for $136M

Downtown-based Colony Capital Inc.’s industrial platform, Dallas-based Colony Industrial, sold a light industrial portfolio to Nuveen Real Estate Ltd.

10-Acre Expansion Planned for Citadel

Plans call for new hotels and a monorail

Citadel Outlets expansion includes a monorail.

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Brokers Break Even

Residential sales take minor dip in 2018 with rocky fourth quarter

The sprawl of Los Angeles County is dotted with 88 cities and an almost limitless number of unincorporated areas and neighborhoods. While commercial real estate often is the focus of the business world in L.A., the majority of the region’s population is intimate with a different set of properties: their homes. In this world, the real estate agent is king – and these brokers’ businesses has seen a record rise over the last decade. The following special report details their successes and looks at players who drive the market.

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