REAL ESTATE

Recent and archived news stories on: Commercial real estate, residential real estate, housing, architecture, engineering, real estate brokers, construction, property development, property management

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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New Owners at AMS Fulfillment

The owners of AMS Fulfillment have sold a majority stake in the ecommerce warehousing and fulfillment business to private equity firm Fort Point Capital.

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Rexford Picks Up Two Industrial Properties for $30M

Sawtelle-based Rexford Industrial Realty Inc. purchased two industrial properties for $30.3 million, the company announced May 8.

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Beverly Hills Site Acquired for $130M, Luxury Residential and Retail Planned

A joint venture has purchased a development site in Beverly Hills for $130 million.

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Whole Foods Building in Pasadena Acquired

Pasadena-based Arroyo Parkway has purchased an 80,000-square-foot building leased to Whole Foods and two acres of nearby land in a deal valued at more than $100 million.

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Tishman Speyer Launches Coworking Concept in L.A.

New York-based real estate giant Tishman Speyer is expanding its footprint in the coworking sphere. The company launched Studio in Beverly Hills on May 3, a shared-work space that will occupy 36,000 square feet at Tishman Speyer’s building at 407 N. Maple Drive.

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El Segundo Office Tower Sells for $138.5M

An El Segundo office tower located at 101 Continental Blvd. has sold for $138.5 million, Newmark Knight Frank announced May 1.

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Century City-Based Gallant Capital Invests in Quality Built

Gallant Capital Partners, a Century City-based private equity firm, made an undisclosed investment in Quality Built, a provider of quality assurance services in the residential and commercial construction industry.

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