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Hannah Madans Welk

Stories by Hannah

CenterPoint Buys Carson Industrial Asset for $143M

Oak Brook, Ill.-based CenterPoint Properties has purchased an industrial asset in Carson for $143 million, records show.

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Pasaca Capital Signs Office Lease in Pasadena

Private investment company Pasaca Capital has signed a lease for 26,184 square feet at Pasadena Towers in Pasadena.

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Hettema Group Designs Unique Experiences

The Hettema Group, also known as THG, has created a reputation for being able to build anything you can imagine.

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CIM Buys 117-Unit Inglewood Apartment Building

CIM Group, a developer based in Mid-Wilshire, has acquired a newly built apartment building in Inglewood for $52.2 million.

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Long Beach Exchange Sells for $158M

LBX, from Burnham-Ward Properties for $158 million. Eastdil Secured brokered the deal.

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Adidas Signs Lease at California Market Center

Brookfield Office Properties Inc., one of the largest landlords in downtown, has signed Adidas to be the California Market Center’s anchor office tenant.

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Mixed-Use Highland Park Building Sells for $29M

A mixed-use asset with 59 luxury residences and 2,646 square feet of retail space on the border of Eagle Rock and Highland Park has sold for $28.7 million.

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Glendale Retail Center Sells for $64M

The 154,049-square-foot Glendale Market-place has sold for $64.1 million.

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West Coast Data Hub One Wilshire Gets $389M Loan

One Wilshire, a data center in downtown, has received a $389 million refinancing loan.

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Tishman Speyer Acquires Santa Monica Development Site

New York-based Tishman Speyer has acquired the Santa Monica Collection for an undisclosed sum with plans for a large mixed-use project at the site.

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Fast Turnaround Drives Spec Space Demand

While some office spaces may be presented as a blank canvas, others are being built out into speculative, or spec, suites.

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San Gabriel Valley Multifamily Portfolio Sells for $68M

A multifamily portfolio with 274 units in the San Gabriel Valley has sold for $68 million.

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Time, Cost Savings Increase Modular Construction Interest

One of the biggest new construction trends in recent years is the prevalence of modular construction.

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Special Report: Real Estate Quarterly: Q4 2021 Data

Two trends that gained steam in the latter half of 2021 are showing the potential to become the norm this year: modular housing construction and spec office designs.

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Virtual Tours, Competitive Housing Market Make Home Staging ‘Crucial’

Meridith Baer, a well-known home staging expert who has staged homes for many A-list celebrities, has seen her business grow more than expected.

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Brentwood Shopping Center Sells for $30 Million

Fields Holdings purchased the 15,000-square-foot property from Weiss Development.

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Champion Real Estate Sells Nashville Asset

Sawtelle-based value-add real estate investor Champion Real Estate Co. has sold a 74-unit multifamily property in Nashville, Tennessee, for $20.5 million.

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Decron Expands in Phoenix With $100 Million Purchase

Carthay-based Decron Properties Corp. has expanded its reach in the Phoenix area with the $101 million acquisition of Arrowhead Ranch by Baron.

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LaTerra Expands With Acquisitions, Loans and Development

Century City-based LaTerra Development had a busy end to 2021, which its executives attribute to a strong marketplace.

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Rexford Acquires 8 Properties for $270M

Sawtelle-based Rexford Industrial Realty Inc. had a busy close to the year, adding eight industrial properties for a total of $270 million to its portfolio.

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West Covina Apartment Building Sells for $80 Million

A 200-unit apartment building in West Covina has sold for $80.4 million.

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Architecture Firm Jerde’s New CEO Talks Growth

Downtown-based design and architecture firm Jerde Partnership Inc. has a new chief executive who plans to further its growth trajectory.

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Manhattan West Eyes Industrial and Multifamily Deals

Century City-based Manhattan West, an investment firm started by JPMorgan Chase alums, is working to set itself apart from other investing outfits by keeping various investment types in-house instead of outsourcing them.

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TDI Properties Buys 3 Multifamily Buildings in LA

TDI Properties Inc. has purchased a portfolio of three multifamily properties known as the Elevate LA Portfolio from a Colorado-based family for an undisclosed sum.

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Demand for Apartments in Long Beach Climbs

Multifamily properties in Long Beach have been in high demand.

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Ares Buys $1.7 Billion of Industrial Real Estate

Century City-based Ares Management Corp., using funds managed by Ares Real Estate Group, has acquired two portfolios of 75 industrial properties for $1.7 billion.

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Hancock Park Apartment Building Sells for $60 Million

Fairfield purchased the property, which was built in 2015, from an unnamed global real estate investment adviser

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5 Starbucks-Leased Buildings in LA Sell for a Combined $21 Million

The properties were all single-tenant net-leased properties with drive-thrus.

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SoFi Stadium and Hollywood Park Taking Steps to Make the Complex a Local and Global Destination

The Lists 2022

Jason Gannon oversees the nearly 300-acre Hollywood Park project, which includes SoFi Stadium, retail and office space, parks, apartments, a performance venue and a hotel.

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W Hollywood Sells for $197 Million

New owners Trinity Fund Advisors and Oaktree Capital Management have big changes planned for the hotel.

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DreamWorks Campus Sells for $327 Million

Brookfield Real Estate Investment Trust purchased the campus from LA Hana OW, an entity of Hana Asset Management and OceanWest Capital Partners.

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Why Big-Box Retailers Are Adding Smaller Stores

The giant blue stores with large yellow letters visible for miles from the freeway will not become a thing of the past just yet, but Ikea is one of many retailers testing smaller-format stores.

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CenterPoint Buys Three LA-Area Industrial Assets as Part of Larger Strategy

Oak Brook, Ill.-based CenterPoint Properties has purchased a portfolio of three industrial assets in Southern California for an undisclosed sum as part of a larger buying spree.

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CenterPoint Buys Three LA-Area Industrial Assets as Part of Larger Strategy

Shopping center The Bloc in downtown may be getting a big new look.

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$200M Retail Property Sale Sets Record on Rodeo Drive

A retail property on the 300 block of the iconic Rodeo Drive has sold for $200 million, a record for the block.

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Rental Company AvantStay Raises $160 Million

Short-term rental company AvantStay Inc. has raised $160 million in Series B funding.

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Real Estate Loan Servicer Thorofare Capital to Become Part of Boston Asset Manager

Boston-based asset management firm Callodine Group has entered into an agreement to acquire a majority stake in downtown-based real estate lender Thorofare Capital Inc.

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3MR Capital Joint Venture Receives $34 Million in Financing for Culver City Project

Oak Brook, Ill.-based CenterPoint Properties has purchased a portfolio of three industrial assets in Southern California for an undisclosed sum as part of a larger buying spree.

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Demand for LA-Area Multifamily Properties Skyrockets in 2021

Despite a slow 2020, demand for multifamily properties in 2021 skyrocketed with a number of eye-popping sales.

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Affordable Housing Developers Lean Into Modular Trend

One of the biggest topics in L.A. right now is affordable housing.

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Westlake Apartment Building Sells for $45 Million

Mosser Capital purchased the property from MWest Holdings.

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Pomona Multifamily Property Sells for $130 Million

Standard Communities and Faring Property Group will aim for residents in the "missing middle."

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Packaging Company Bay Cities Signs Huge Lease in Santa Fe Springs

Pico Rivera-based Bay Cities, a packaging and design company, has signed a 10-year lease for 150,000 square feet.

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TruAmerica Closes First Discretionary Fund With $575 Million in Equity

Century City-based real estate firm TruAmerica Multifamily has closed on its first discretionary fund with $575 million in equity commitments.

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Apartment Building Near Sunset Strip Sells for $29 Million

Century City-based LaTerra Development has purchased a 42-unit apartment building in West Hollywood for $29.2 million.

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Omaze's Online Model Helps Charities Fundraise During Pandemic

Since its inception in 2012, Culver City-based Omaze Inc. has grown rapidly, most recently jumping 19 spots on the Business Journal’s annual Fastest Growing Private Companies list to No. 15.

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Three Major Office Lease Announcements Signal Strength of LA Market

A plethora of leases have been announced in the last few weeks in an office market that is picking up.

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Boutique Real Estate Brokerage The Agency Aims for International Growth

What started as a small residential real estate brokerage based in Beverly Hills has grown to more than 800 agents and 50 markets with plans to expand further.

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Torrance Apartment Complex Sells for $15.6 Million

A 36-unit apartment complex in Torrance has sold for $15.6 million. A private investor purchased the asset from a family trust.

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Waterford Property Buys Multifamily Communities in Pomona and Pasadena

Waterford Property Co. and California Statewide Communities Development Authority have acquired two large multifamily properties: a 472-unit apartment community in Pomona for $149.4 million and a 480-unit complex in Pasadena for $280 million, with plans to convert both properties to middle-income housing.

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