REAL ESTATE
Family-Owned Developer Decron Eyes Further Expansion
For Mid-Wilshire-based developer Decron Properties Corp., family is key.
CIM Group Sets Record With $506 Million Deal
CIM Group, a development company based in Mid-Wilshire, has purchased a 2,346-unit apartment property in Alexandria, Va., for $506 million, the highest transaction for the Washington, D.C., area ever.
Whiskey-Themed Hotel Set for Hollywood
A whiskey-themed hotel under construction near Hollywood Boulevard has just received $35 million in financing.
Historic West Hollywood Apartment Building Sells for $16 Million
The iconic El Palacio apartment building in West Hollywood has sold for nearly $16 million.
Supportive Housing Project Set for Filipinotown
Linc Housing Corp. has partnered with Search to Involve Pilipino Americans on HiFi Collective at 3200 W. Temple St.
BLVD Acquires Georgian Hotel in Santa Monica
Custom Content by the Los Angeles Business Journal
Downtown-based BLVD Hospitality has purchased the iconic Georgian Hotel on Ocean Avenue in Santa Monica. Terms of the sale were not disclosed.
Tauro Capital Arranges $50 Million in Loans for Developers
Downtown-based Tauro Capital Advisors Inc. has secured a total of $50 million in loans for three developers on triple-net lease properties. Tauro Capital’s Stephen Stein and Tony Festa arranged the loans.
Covid-19 Is Taking a Toll on Plans for New Hotels
Covid-19 has had a devastating impact on the hotel industry, and that pain has extended to the planning and construction of new hotels.
Vivo Looks to Convert ‘Overbuilt’ Hotels Into Apartments
Torrance-based Vivo Investment Group launched in May with the goal of transforming a glut of excess hotel rooms into much-needed apartment units.
Large Los Feliz Multifamily Site Sells for $24 Million
A 60-unit apartment building in Los Feliz has sold for $24 million.
Granite Properties Spending $10 Million Covid-19 Precautions
Granite Properties Inc., which has three buildings in L.A., is investing $10 million to make its properties Covid-19 safe.
Koreatown Developer Jamison Shows No Signs of Slowing
Koreatown-based developer Jamison is having a busy year, even in the face of Covid-19.
Chinese Company Signs Large Industrial Lease in Vernon
US Elogistics Service Corp., a China-based ecommerce company, has signed a roughly 232,000-square-foot industrial lease in Vernon.
LA County Assessment Roll Surges to $1.7 Trillion in Pre-Pandemic Calculations
Assessed property values in Los Angeles County increased for the 10th consecutive year, according to the latest Assessment Roll.
Rental Companies Onerent, Invitation Homes Ramp Up in LA
While some companies may be slowing down due to Covid-19, two that specialize in single-family home rentals are ramping up.
