REAL ESTATE
Real Estate Investors Favor Senior Housing
The silver tsunami triggered by the aging of America is driving increased demand for senior housing, even in the face of a pandemic.
Lowe to Launch Retail Real Estate Unit
Program seeks underperforming sites
Brentwood-based Lowe, formerly Lowe Enterprises, has announced plans to create a new group focused on redeveloping and repositioning regional retail properties.
LA Real Estate Sales Slow Drastically During Lockdown
The commercial real estate market hasn’t stopped since stay-at-home orders were enacted in Los Angeles and the rest of California in mid-March.
Carson Industrial Sites Sell for $64 Million
Brookfield acquires industrial sites in sale-leaseback deal
Brookfield Asset Management Inc. has purchased two industrial buildings in Carson for $63.6 million, records show.
Universal Standard Housing Takes Modular Approach
Developer seeks to create more workforce apartments
Downtown-based Universal Standard Housing is trying to create more workforce housing in Los Angeles and sees modular building as the way to do it.
Arcadia Apartment Property Sells for $9 Million
Starcrest changes hands for first time in 40 years
A 28-unit multifamily property in Arcadia has sold for nearly $9 million — the highest purchase price of any multifamily property in the city in the last year.
Wilshire Vermont Property Gets $135 Million Recapitalization
Klein Financial, Divco West partner on multifamily recapitalization
The Wilshire Vermont multifamily property in Koreatown has at least one new owner.
Silverstein Pursues US Bank Tower
Developer could pay up to $490 million
New York-based Silverstein Properties Inc. is reportedly in talks to acquire downtown’s U.S. Bank Tower from Singapore-headquartered OUE Ltd.
Cottonwood, Shawmut Design Form Partnership
Firms will focus on education sector
Downtown-based Cottonwood Management and Boston-headquartered Shawmut Design and Construction have formed a partnership with the goal of expanding their education sector real estate footprint.
LA's the Space Place
Region’s ‘dynamic’ aerospace industry requires huge real estate footprint
The aerospace industry, which has been a bright spot in Southern California’s real estate market for years, continues to shine.
Added Safety Measures Pay Off for Cityview
Rent collections remain steady as virtual leases rise
Century City-based multifamily developer Cityview has been striving to keep its communities working smoothly during the Covid-19 pandemic while also looking to the future.
Multifamily Site Sells in Silverlake
East Smart Choice acquires unique property for $8 million
East Smart Choice has purchased a multifamily property on the border of Silverlake and East Hollywood for nearly $8 million. The property has 11 recently completed units.
Student Housing Sets Financing
Ophir Terrace near UCLA secures $11 million loan
A student housing property near UCLA has secured $11 million in financing.
CIM Exits Crenshaw Plaza After Facing Opposition
Proposed deal was valued at $100 Million
In an unusual development, one of the biggest retail real estate sales of the year has fallen through amid community opposition.
LaTerra Sets $250 Million Multifamily Joint Venture
Developer will partner with QuadReal
Century City-based multifamily developer LaTerra Development plans to invest $250 million to develop and operate multifamily communities in Southern California as part of a joint venture with QuadReal Property Group.
