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Hannah Madans

Stories by Hannah

Vernon Business Park Sells for $25 Million

Fruitland Business Park, a manufacturing property, in Vernon has sold for $24.5 million.

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Luxury Agent Aaron Kirman Uses AI to Find Buyers

Residential real estate agent Aaron Kirman, one of the top agents in Los Angeles by sales volume, has launched a new AI-powered interface aimed at making it easier to sell properties.

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Perla Condo Tower Opens on Downtown’s Historic Broadway

A building that some call the only true high-rise built on downtown’s iconic Broadway in the last century has started welcoming tenants.

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Long Beach Luxury Apartment Complex Sells for $120 Million

Waterford Property Co. and the California Statewide Communities Development Authority have purchased a 216-unit luxury apartment community in Long Beach for $120 million.

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Coworking Companies Seek Fresh Start in LA

These companies are bringing a new kind of coworking to L.A.

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OC Real Estate Company AllView Enters LA Market

Newport Beach-based real estate investment and property management company AllView Real Estate has opened an office in Santa Monica to increase its presence in Los Angeles.

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Los Feliz Multifamily Development Secures $35 Million in Financing

Commercial mortgage banking firm Gantry has lined up $35 million in financing for a multifamily development at Western and Franklin avenues.

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West Adams Building Sells for $23 Million

A building on the border of West Adams has sold for $22.5 million.

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Medical Office Buildings Sell for $97 Million

Two medical office buildings on the Westside have sold for a total of nearly $97 million.

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Oaktree Capital Closes $4.7 Billion Real Estate Fund

Downtown-based Oaktree Capital Management has closed a fund and related vehicles with total capital commitments of roughly $4.7 billion.

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Captiva Pays $11 Million for Burbank Media Property

Captiva Partners and a private investor have purchased a 47,000-square-foot flex industrial property in Burbank for $11 million.

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Trumark Homes Gets OK for Covina Bowl Redevelopment

A townhome project that would be built on the site of the historic Covina Bowl has been approved by the Covina City Council.

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Cottonwood Management Makes Big Investments in Industrial Sector

Early in the pandemic, when construction lending by commercial banks slowed, Cottonwood Management seized the moment.

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Santa Monica Multifamily Property Sells for $33 Million

Luxury Living, a 28-unit multifamily building in Santa Monica, has sold for $32.6 million.

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Tripalink Looks Beyond Coliving Properties

Coliving and property management company Tripalink Inc. has grown rapidly since its founding in 2016.

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Hackman Capital Plans $1.3 Billion Makeover for Television City

The historic Fairfax District site will remain a studio property.

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4S Bay Partners Pays $24 Million for Baldwin Hills Site

4S Bay Partners has acquired a 1.85-acre property at 3701 W. Stocker St. in Baldwin Hills/Crenshaw for $24 million.

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Investor to Redevelop Multifamily Sites In Westwood

An investor has purchased a handful of multifamily lots in Westwood and plans to redevelop the properties.

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City Place Long Beach Gets New Owners

New York-based Turnbridge Equities, Newport Beach-based Waterford Property Co. and Beverly Hills-based Monument Square Investment Group have acquired City Place Long Beach.

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Arts District Development Amenities Include Automated Parking

More automated parking garages are on the way to Los Angeles with one of the largest planned for Arts District Center, a hotel and condominium development.

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JRK Buys The Harrison Glendale for $91 Million

JRK Property Holdings Inc. has acquired The Harrison Glendale, a 164-unit luxury apartment complex, for $90.7 million.

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Hollywood Office Market Stays Strong Thanks to Media Companies Like Netflix

While activity in the office leasing market around Los Angeles plummeted last year in the wake of the Covid-19 pandemic, Hollywood was largely unscathed.

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PCCP, Teachers Pension Group Launch JV With $1 Billion in Purchasing Power

Real estate finance and investment management firm PCCP has formed a joint venture with the California State Teachers’ Retirement System to invest in single-family rental communities.

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Christina Development Restoring Larchmont Village Storefronts

A meticulous makeover is underway in Larchmont Village.

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Vista Buys Denver Office Building for $31 Million

Santa Monica-based Vista Investment Group has entered the Denver market with the purchase of an office building for $30.5 million.

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Top Real Estate Agents Experience Record-Setting Year

Even with a Covid-related slowdown last spring, Los Angeles County’s top residential real estate agents said 2020 was an exceptional year for home sales.

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Dunleer Diversifies With Lending, Solar

Beverly Hills-based Dunleer is looking to grow into other verticals.

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FNS Signs $36 Million Lease in Carson

Third-party logistics and supply chain services company FNS Inc. has leased an industrial building in Carson in a deal valued at $35.5 million.

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Rising Realty Purchases First Industrial Asset

Rising Realty Partners acquired a 245,000-square-foot site in El Monte, the company's first foray into industrial properties.

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Multifamily Sales Show Signs of Life After Initial Covid Hit

Multifamily sales slowed during the Covid-19 pandemic, but the market began to rebound by late last year.

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Mall Operator URW Plans to Sell All US Properties

Paris-based Unibail-Rodamco-Westfield plans to sell off its major U.S. holdings next year.

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Healthy Meal Startup Everytable Charts Path for Rapid Growth

Vernon-based prepared meal startup Everytable has been aggressively growing, and the company plans to continue expanding.

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Signal Hill Industrial Sites Acquired by Joint Venture Buys

Newport Beach-based RanchHarbor and Century City-based Manhattan West Real Estate have formed a joint venture and acquired nearly 0.8 acres in Signal Hill.

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Malibu Development Secures $130 Million Construction Loan

A large mixed-use development in Malibu has secured $130 million in construction financing.

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Self-Storage and Industrial Portfolio Is Refinanced for $364 Million

A portfolio of Calabasas-based Ezralow Co. properties, including some in L.A., has secured $364 million in financing.

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Wonderful Co. Acquires Burbank Office Building for $42 Million

Wonderful Co. has acquired an office building in Burbank for $42.2 million from Brentwood-based GPI Cos.

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Coopers Look Beyond Film Industry for Hollywood Portfolio

A large family-owned portfolio of properties around Hollywood that has been mostly used by the entertainment industry will soon welcome a new range of businesses.

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Duke Realty Buys City of Industry Site for $51 Million

Duke Realty Corp. has purchased an industrial building in the City of Industry for $51.3 million.

Haven Realty Invests in South Carolina Development

Haven Realty Capital is expanding its single-family rental portfolio with a purchase in South Carolina.

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Tri-Cities Real Estate Market Sees Mixed Results

Like every commercial real estate market in Southern California, the Tri-Cities area has wrestled with the impact of Covid-19.

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Westside Multifamily Portfolio Sells for $73 Million

The eight-property multifamily portfolio had not been available on the market for more than a quarter of century.

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JRW Realty Has Success With Net Leases

Melinda Marston is a veteran real estate broker with more than 30 years of business experience.

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JLL Arranges $173 Million Worth of Loans for Apartment Buildings

Fourteen multifamily properties owned by unnamed Southern California-based borrowers have received $172.9 million in financing.

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CenterPoint Picks Up 3.4 Acres in Bell Gardens

CenterPoint Properties has purchased an industrial site in Bell Gardens for an undisclosed price.

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Christina Development Keeps Its Focus on the Westside

Real estate veteran Lawrence Taylor, who founded Christina Development Corp. more than 40 years ago, was fortunate to have several mentors during his career.

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Telacu’s Businesses Boost Underserved Communities

Commerce-based Telacu takes a unique approach to building its own businesses while also helping underserved communities.

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DPI Retail Stands Strong With Grocery-Anchored Shopping Centers

El Segundo-based DPI Retail has worked hard during Covid-19 to ensure its properties remain strong in the face of the pandemic.

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Ratkovich Co. Taps Saenger as New CEO

Ratkovich Co., one of the largest and most influential developers in Los Angeles, has a new chief executive.

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Creative Office Campus to Open in El Segundo This Summer

Federal Realty Investment Trust, which has local offices in El Segundo, is bringing creative office space to the South Bay.

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Stay Open Turns Empty Storefronts Into Pod Hotels

Stay Open Inc. is looking to transform empty storefronts and buildings in prime locations into pod hotels.

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