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Hannah Madans

Stories by Hannah

More Buck, Less Bang

Smaller lessees squeezed on tenant improvements as construction costs rise

All is not equal when it comes to tenant improvement allowances.

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$63M LOAN FOR THOMPSON HOTEL

Real estate lender Calmwater Capital has given Hollywood-based Relevant Group a $63 million loan for the construction of a hotel in Hollywood.

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GOLDRICH KEST NAMES CEO

Culver City-based real estate development and management company Goldrich Kest Industries has named Mike Drandell as its chief executive.

Advisory Firm Nova Capital Off to Strong Start

Steven Yazdani-backed outfit secures $640M in capital commitments

Steven Yazdani launches RE advisory firm.

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Knotel Brings Flex-Office Concept to L.A. With First Lease

Knotel Inc., a New York-based flexible office space provider and rival of WeWork Companies Inc, is making its way to L.A. The company has signed its first L.A. lease in Santa Monica.

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WeWork Signs 78K SF Downtown Lease

WeWork Companies Inc. has signed a lease for 78,000 square feet in downtown. Terms of the lease were not disclosed.

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Torrance Office Building Sells for $15.75M

A 60,804-square-foot office building in Torrance has sold for $15.75 million, Newmark Knight Frank announced Feb. 13.

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Goldrich Kest Names CEO

Culver City-based real estate development and management company Goldrich Kest has name Mike Drandell as the company’s chief executive. Drandell was previously the company’s chief operating officer.

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Calmwater Capital Provides $63M Loan to Build Thompson Hotel in Hollywood

A $63 million loan has been given to the Hollywood-based Relevant Group for the construction of a hotel in Hollywood. The senior secured term loan is for the Thompson Hotel.

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Jamison, Hankey Investment Planning 490-Unit Project on Vermont in Koreatown

Koreatown-based Jamison Services and mid-Wilshire-based Hankey Investment Company have filed plans to build 490 residential units in Koreatown.

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Culver City Creative Office Campus Sold for $39.1M

Pasadena-based Alexandria Real Estate Equities Inc. has purchased Bristol 61, a four-building creative office campus in Culver City for $39.15 million, according to a source familiar with the matter.

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El Monte Apartment Building Sells for $41M

A 177-unit apartment building in El Monte was purchased by Uhon Inc. for $40.5 million, records show. The complex, called The Parker, was sold by Benedict Canyon Equities Inc.

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$300M Project Breaks Ground in Koreatown

A $300 million residential building has broken ground in Koreatown. The 25-story tower is being developed by mid-Wilshire-based Hankey Investment Company and Koreatown-based Jamison Properties.

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Forever 21 HQ Sells for $166M

Forever 21 Inc. has sold its headquarters building to Blackstone Group, industry sources confirmed.

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Spaces Takes Santa Monica, Pasadena Leases

Co-working firm signs deal at Water Garden for nearly 70,000 square feet

Spaces snaps up co-working spots in Pasadena, Santa Monica.

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L.A. Rising: SUNRISE ON SUNSET

Sunset Strip

The developments profiled here show the increased demand for high-concept projects along the Strip

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Downtown’s Box Yard Sold for $68M

New owners will target e-commerce tenants

Bridge Development thinks outside the box with industrial purchase.

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Net Income Down, Mall Tenant Sales Up, According to Macerich Q4 Earnings Report

The Macerich Co. had $11.7 million in net income in the fourth quarter of 2018, according to an earnings report released Feb. 7. The number is far below the $32.8 million in net income reported for the fourth quarter of 2017.

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Forever 21 HQ Sells for $166M

Forever 21 has sold its headquarters building to Blackstone Group, industry sources confirmed. The Lincoln Heights property sold for just under $166 million, according to CoStar data.

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WeWork Opening New 116K SF Space in Santa Monica

WeWork has signed a lease for more than 116,000 square feet in Santa Monica.

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Downtown Industrial Property Box Yard Sold for $68M

The Box Yard, a 261,528-square-foot industrial property in downtown has sold for $68 million. Bridge Development Partners purchased the property from Atlas Capital.

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Multifamily Project Planned for Mid-Wilshire

Trion Properties and Ketter Construction team up on 45-unit development

Trion teams up with Ketter Construction on Mid-Wilshire development.

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Sharing Space | Co-working companies are feasting on L.A., and landlords want a piece

SPECIAL REPORT: CO-WORKING

Co-working companies are feasting on L.A., and landlords want a piece

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Next in Line | Co-working is already massive; co-living could be even bigger

SPECIAL REPORT: CO-WORKING

Co-working is already massive; co-living could be even bigger

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71K SF Leased by Co-Working Company, Real Estate Firm in Pasadena

Cow-orking company Spaces and real estate firm Compass have signed leases totaling 71,000 square feet in Pasadena, CBRE Group Inc. announced Jan. 31.

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Christopher Rising Named CEO of Rising Realty

Downtown-based Rising Realty Partners has named Christopher Rising as the company’s chief executive officer. He previously served as president.

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Co-Working Company Spaces Taking Nearly 70K SF at Water Garden in Santa Monica

Co-Working company Spaces has signed a 69,208-square-foot lease for the Water Garden in Santa Monica, CBRE Group Inc. and J.P. Morgan Asset Management announced Jan. 29. The lease value was not disclosed.

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$95M Loan Given for Downtown Tower

ASB Real Estate Investments has secured a $95 million loan for the WaterMarke Tower, a 35-story apartment building in downtown, the company announced Jan. 25.

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Slate Property Group Picks Up Two Hollywood Apartments for $39M

Slate Property Group has purchased two apartment complexes in Hollywood for a total of $39.25 million from the Chandler A&B Jones Family Trust.

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Leonard Green Sees $3B Rooftop Vantage

PE firm’s SRS Distribution buy gives it roofing distributor as demand soars

Leonard Green got into roofing business with SRS Distribution purchase.

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Santa Fe Springs Warehouse Sold for $20.5M

Klabin Co. brokers deal for nearly 100,000-square-foot industrial space

Klabin Co. snaps up Santa Fe Springs warehouse for $20.5M.

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$56.4M for Herald Examiner Reno

A $56.4 million bridge financing loan was given for the redevelopment of the Herald Examiner Building

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Pettebone Building Bought for $22 Million

Gaming company will move HQ from Koreatown

Pettebone Building gets makeover as gaming company prepares to move in.

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Crossroads Hollywood Ok’d

Development includes housing, hotel and commercial space

Harridge on top of the world after City Council approves Hollywood project.

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$300M Dole Deal Leaves Room for Growth

Fruit and vegetable company’s sale of stake to Total Produce comes with future benchmarks

A fruitful 2018 for Dole as it sold equity stake to Total Produce.

Aspen Apartments Sold for $90M

MWest Holdings has sold the 302-unit Aspen Apartments complex near the border of Koreatown and Westlake for $90 million. The company announced the sale Jan. 23.

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Gaming Company Buys Downtown Building for $22M

The Pettebone Building, a historic building in downtown L.A., has sold to the U.S. subsidiary of a South Korean gaming company for $22 million or $595 per square foot.

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$1B Crossroads Hollywood Project Approved

Crossroads Hollywood, a major project proposed for Hollywood, won approval Jan. 22 from the Los Angeles City Council. It is being developed by Harridge Development Group.

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Koll Buys Norwalk Freezer Facility for $11.9M

The Koll Company has purchased a 54,000-square-foot freezer facility in Norwalk for $11.9 million, the company announced Jan. 18. The seller was Klein Investments Family.

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$56.4M Given for Herald Examiner Building Renovation

A $56.4 million bridge financing loan was given for the redevelopment of the Herald Examiner Building in downtown L.A., HFF announced Jan. 18.

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Large Office Space in Short Supply in LA

Number of 100,000-square-foot spaces on market dips in 2018

Companies looking for large blocks of office space to relocate or grow – especially on the Westside – may be out of luck.

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Colleges Branch Out with Satellite Spaces

Academic institutions have specific needs for LA outposts

Los Angeles is increasingly a destination for universities and colleges looking to expand educational offerings in cities outside their home geographic region

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Tishman Could Net More Than $600M

Two Playa Vista campuses up for sale

Tishman Speyer puts Brickyard, Collective on the market.

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US Bank Tower Could Sell for $700 Million

REAL ESTATE: The skyscraper was built in 1989

Downtown’s iconic U.S. Bank Tower up for sale.

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Faangs Flock

Google’s new L.A. home shows how biggest tech and new media companies value region

FAANGS TAKE BITE OUT OF L.A.

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Live Nation Signs Lease for Old Beverly Hills Post Office Building

Beverly Hills-based Live Nation has signed a lease for 95,217-square-feet at The Post in Beverly Hills, according to a source familiar with the matter.

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US Bank Tower for Sale, Could Fetch $700M

Downtown’s iconic U.S. Bank Tower is for sale, industry sources confirmed. Singapore-based OUE Limited, which owns the building, could not be reached for comment.

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Tishman’s Local Property Listings Expected to Fetch More Than $600M

New York-based Tishman Speyer will list its The Brickyard and The Collective at Playa Vista campuses in Playa Vista, likely next week, according to a source familiar with the matter.

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Rodeo Drive Retail Property Refinance for $160M

A 28,114-square-foot retail property on Rodeo Drive has been refinanced for $160 million, or $5,691 per square foot.

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Google Leasing Westside Pavilion

REAL ESTATE: Former shopping mall to be renamed One Westside

Downtown’s CalEdison gets new owner in $111 million deal.

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