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Hannah Miet

Stories by Hannah

L.A.’s Oldest Operating Hotel Welcomes Bidders

LISTING: Broker expects buyer to reposition Barclay similar to boutique Ace.

The oldest L.A. hotel in continuous operation, downtown’s Barclay Hotel, has been listed for sale.

Matchmaker Attracted To Real Estate

Melanie Mar follows her passion to hook up houses, homebuyers.

Matchmaker Melanie Mar expanded her focus to help customers connect with homes.

Crossing Over

Mall developer Rick Caruso is sold on bringing concierge service to office workers

Rick Caruso is confident tenants are ready to buy into his retail approach to providing service at his office property.

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Seller Walks Away From Santa Monica Promenade

SALE: Joint venture scores $96.3 million for building bought for $13.8 million.

It’s not every day that large properties on Santa Monica’s Third Street Promenade become available.

Mall Makeover Has Little Room for Korean Shops

DEVELOPMENT: Harridge to let tenants go in revamp of Koreatown Galleria.

As developers continue to descend upon Koreatown, betting on the area as a hot residential market, the neighborhood is set to lose many Korean businesses to the redevelopment process.

Real Estate Vet Aims to Build on Downtown Boom

DEVELOPMENT: Related’s William Witte at home with affordable, luxury housing.

The downtown rooting interests of Related California’s William Witte do not include its NBA teams.

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Koreatown’s Galleria to Be Redeveloped

Mid-Wilshire developer Harridge Development Group has purchased Koreatown’s most well-known mall, the Wilshire Galleria, for $49 million with an intention to rebuild it.

New Wave

How to make millions flipping in Venice

Designer Kim Gordon has homed in on turning aged Venice houses into multimillion-dollar properties.

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Brokerage Founder Credits Star for Guiding Career

SALES: Tami Pardee says working for Sharon Stone taught her how to succeed.

When she worked as Sharon Stone’s personal assistant, the first instructions Tami Pardee heard from her famous boss were, “I never want to hear the word ‘no’ from you.”

CityView Sells Properties it Bought ‘Opportunistically’

Westwood’s CityView announced Monday it has sold four multifamily properties in Los Angeles County that it acquired at deep discounts during the downturn. It did not say how much it had paid for the properties, but said it sold them for $141 million. The properties are located in Hollywood, North Hollywood, Covina and La Mirada.

Broker Homed In on Handling Celebrity Mansions

RESIDENTIAL: T.J. Paradise rubs Bangkok tattoo when he needs luck inking deals.

T.J. Paradise is probably the only local broker to ever get a tattoo from the nephew of the monk who tattooed actress Angelina Jolie.

Veteran Developer Finds New Life in Old Properties

REAL ESTATE: Value-add office approach hailed as big plus by Nelson Rising.

Developer Nelson Rising talks about his new passion: repositioning old buildings for office use.

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Developer Has Lots in Store for Former Sears Site

ACQUISITION: CIM Group shells out $43.5 million for property in Hollywood.

Mid-Wilshire developer CIM Group appears to be reviving development plans at the long-deserted Sears Hollywood site.

Analysts Offer Lowdown On Westside’s High Rents

REAL ESTATE: Some see more room to rise without risks of previous cycle.

Analysts are reluctant to declare there’s no more room for the Westside’s sky-high asking rents to climb.

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CIM Buys Old Sears Hollywood Site for Development

Mid-Wilshire developer CIM Group plans to transform the long-deserted Sears Hollywood site into a mixed-use complex with as many as 700 apartments and more than 300,000 square feet of retail.

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CBRE Acquires Forum Analytics

Downtown L.A. real estate giant CBRE Group Inc. announced Wednesday that it has acquired Chicago’s Forum Analytics, a provider of data science about consumer behavior for retailers and other clients. Terms of the deal were not disclosed.

Office Developer Looks to Get Creative Downtown

REAL ESTATE: Arts District tapped by Victor Coleman for sequel to Hollywood.

Hollywood developer Victor Coleman discusses why he is now staging projects in downtown L.A.’s Arts District.

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Beverly Hills Office Market Remains on High End

ACQUISITION: Trust group brings in $38 million with sale of Class B building.

The Beverly Hills office market doesn’t appear to be weakening any time soon, and the proof is in the comps.

How Club’s Hype Pushed Prices Up

Soho House club vaults neighboring properties into the exclusive price range for the Arts District in Los Angeles.

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Office Buyer Makes Waves in Long Beach Market

ACQUISITION: Ruth Group pays $17 million despite area’s high vacancy rate.

Century City’s Ruth Group has faith that the downtown Long Beach office market will improve. So much faith, in fact, that it acquired a building that’s 40 percent vacant in that struggling submarket.

Why Video-Game Giant Getting Into Mobile Market

INTERNET: Activision to shell out $5.9 billion for maker of Candy Crush.

Activision Blizzard will try its hand at mobile games with its acquisition of the maker of Candy Crush.

Spotted Pig to Move to Former Cat & Fiddle Space

The rumors that have been passed among foodies are true: New York’s Spotted Pig is coming to Hollywood, with the eatery poised to take over the former Cat & Fiddle space on Sunset Boulevard.

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In Quest to Go National, CBRE Acquires Retail Services Firm in Midwest

Downtown L.A. real estate giant CBRE Group Inc. is expanding its retail footprint in the Midwest.

Investor Checks Pulse of Medical Office Market

ACQUISITION: Stockdale’s pickup may hail more deals for Santa Monica area.

Stockdale Capital Partners has acquired a Santa Monica medical building, and it may be the first prong in a medical office roll-up by the company.

El Segundo Office Property Trades at Premium

A fund formed by San Francisco real estate investment firm Roxborough Group and Santa Monica investment firm Montana Avenue Capital Partners has reeled in a big one.

Real Estate Legend Fred Sands Dies at 77

Fred C. Sands, founder of Fred Sands Realtors and Vintage Capital Group, died unexpectedly on Friday. He was 77.

UCLA Acquires Oxy’s Former Westwood Home

UCLA has purchased the former headquarters of Occidental Petroleum Corp., which relocated to Houston last year, for $92.5 million.

Capital Improvement as Finance Firm Signs Long-Term Lease

Capital Group Cos., one of downtown L.A.’s biggest tenants, made a commitment last month to stay at 400 S. Hope St. for 15 more years after its lease runs out in 2018.

Investment Firms Team Up for El Segundo Office

ACQUISITION: Pair go over average square-foot rate by $10 in $33.5 million deal.

A fund formed by San Francisco real estate investment firm Roxborough Group and Santa Monica investment firm Montana Avenue Capital Partners has reeled in a big one.

College Passes On Downtown

Art college decides Westchester is a better fit for its fashion program than downtown Los Angeles.

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Paramount Fitness of Commerce Acquired By True Fitness

Paramount Fitness of Commerce has been acquired by exercise equipment maker True Fitness of O’Fallon, Mo. True Fitness, which makes treadmills, elliptical machines and exercise bikes, announced the deal Monday. The price was not disclosed.

Homes on Line In Sister Cities

REAL ESTATE: Beverly Hills balks on L.A.-approved condos.

A builder is finding it borderline impossible to construct a condo project straddling Los Angeles and Beverly Hills.

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REAL ESTATE QUARTERLY: Creative Differences

Open floor office layouts treasured by tech sector have tenants divided as questions mount over costs, impact on staff.

Tenants no longer rush to get creative as concerns arise over open floor plans’ impact on productivity.

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New York Life Bets on Life in Culver City

New York Life Real Estate Investors has made a $131.3 million bet on Culver City.

Investment Firm Doubles Down on Culver City

ACQUISITION: Buyer pays $131.3 million for pair of Class A office properties.

New York Life Real Estate Investors has made a $131.3 million bet on Culver City.

Lionstone Buys One Bunker Hill, Rising Realty Will Manage

After converting downtown L.A.’s historic PacMutual building into sought-after creative space and selling it for $200 million last month, Houston real estate investment firm Lionstone Investments and downtown developer Rising Realty Partners will soon be at work on another old building downtown.

Hakim Holdings Acquires Golden Triangle Site

Hakim Holdings has purchased a four-story, 61,000-square-foot Class B office building at 9350 Wilshire Blvd. in Beverly Hills. The firm shelled out $48 million late last month to Lexington Commercial Holdings for the property in the city’s famed Golden Triangle retail sector.

Molina Signs Large Lease in Downtown Long Beach

Long Beach’s fast-growing managed care provider Molina Healthcare Inc. recently signed a deal that will expand its footprint on its home turf.

Investor Opens Door on Way out of Development

REAL ESTATE: Alcion lists ownership stake in Runway as mixed-use site blooms.

Alcion Ventures looks to land hefty payday in cash-out of the Runway at Playa Vista mixed-use project.

Buyer Homes In on Beverly Hills Building for HQ

ACQUISITION: Hakim pays $48 million for property in famed Golden Triangle.

Hakim Holdings has purchased a four-story, 61,000-square-foot Class B office building at 9350 Wilshire Blvd. in Beverly Hills.

Not Even Close

DEVELOPMENT: AvalonBay looks to revive sketchy L.A. area with project just a mile from its high-end West Hollywood site.

AvalonBay is taking mixed-use projects just a mile apart on Santa Monica Boulevard in different directions.

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Business Series Looks to Relate

Revived program at USC’s Marshall to tackle issues particular to family firms.

USC’s Marshall School of Business brings back a program on the relative challenges of family firms.

Brewer Signs Massive Asuza Lease as Part of Expansion

Petaluma beer firm Lagunitas Brewing Co. has signed a 254,800-square-foot lease at 10th Street Center, a new three-building, 342,600-square-foot industrial business park on 21.6 acres on 10th Street in Azusa.

BuzzFeed Puts Brakes on Deal at Ford Factory

BuzzFeed will not be moving into Shorenstein Properties’ Ford Motor Factory Building after all.

Investors See Upside in Purchase of Cerritos Office Building

A struggling Cerritos office property changed hands earlier this month for $30.5 million.

Office Building Buyer Lands Large Deal by LAX

ACQUISITION: Sunny Hills shells out $61.3 million for Airport Spectrum campus.

It’s the largest office building to sell in the LAX submarket in more than a decade.

Sunny Hills Buys LAX Office for $61 Million

In the largest office building trade in the LAX submarket in over a decade, Sunny Hills Management Co. Inc. of West Covina has paid $61.3 million for the Airport Spectrum, a 500,000-square-foot Class A office campus that sits at the entrance to Los Angeles International Airport.

Bay Area Firm Buys Malibu Apartments for $62 Million

San Francisco firm Pacific Eagle purchased Villa Malibu, a 68-unit, 136,000-square-foot Class A luxury apartment community on a 10-acre site at 6487 Cavalleri Road in Malibu earlier this month from Washington, D.C., private equity firm Carlyle Group for $62 million, or roughly $912,000 a unit.

Jamison’s Explosion-Rocked 811 Wilshire Reopens

Nearly a month after an explosion in the basement of landlord Jamison Inc.’s 20-story office tower at 811 Wilshire Blvd., the building is finally open.

Colony Capital Drops $200 Million on SoCal Portfolio

The Santa Monica real estate investment trust spent north of $200 million earlier this month on an 11-property office and industrial portfolio that includes three assets in the county, as well as buildings in San Diego, Riverside and Sacramento, according to sources with knowledge of the deal.

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