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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Student Housing Sets Financing

Ophir Terrace near UCLA secures $11 million loan

A student housing property near UCLA has secured $11 million in financing.

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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.

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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.

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