REAL ESTATE

Family-Owned Developer Decron Eyes Further Expansion

For Mid-Wilshire-based developer Decron Properties Corp., family is key.

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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.

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Whiskey-Themed Hotel Set for Hollywood

A whiskey-themed hotel under construction near Hollywood Boulevard has just received $35 million in financing.

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Historic West Hollywood Apartment Building Sells for $16 Million

The iconic El Palacio apartment building in West Hollywood has sold for nearly $16 million.

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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.

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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.

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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.

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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.

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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.

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Large Los Feliz Multifamily Site Sells for $24 Million

A 60-unit apartment building in Los Feliz has sold for $24 million.

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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.

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Koreatown Developer Jamison Shows No Signs of Slowing

Koreatown-based developer Jamison is having a busy year, even in the face of Covid-19.

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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.

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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.

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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.

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