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Hannah Madans

Stories by Hannah

Vernon Industrial Building Sells for $9 Million

A roughly 33,000-square-foot industrial building in Vernon has sold for $9.1 million.

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Landlords Say Concerns About Mass Evictions Are Overhyped

With California’s eviction moratorium set to expire at the end of the month, will Los Angeles property owners begin booting tenants en masse who haven’t been paying rent?

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Real Estate Investor Coretrust Capital Cleans Up During Covid

Downtown-based real estate investment firm Coretrust Capital Partners has used the pandemic to make improvements that would normally take much longer on some of its office properties.

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Hollywood Apartment Complex Sells for $22 Million

The Franklin Park Apartments, a 75-unit apartment building in Hollywood, has sold for $22 million.

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Corcoran Group Signs Lease for Mixed-Use Site in Beverly Hills

Residential brokerage firm Corcoran Group affiliate Corcoran Global Living has signed a lease for 5,000 square feet in Beverly Hills.

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Pacific Oak Lines Up $120 Million in Financing for Single-Family Rentals

Sawtelle-based Pacific Oak Capital Advisors has closed two credit facilities that will allow the investment company to provide up to $120 million in financing.

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Waterford Picks Up Pasadena Properties for Workforce Housing

Waterford Property Co. and California Statewide Communities Development Authority have purchased two multifamily properties in Pasadena for a combined $335.1 million.

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Unilev Buys Retail Portion of Santa Monica Condominiums

Beverly Hills-based Unilev Capital Corp. has purchased the retail component of the Waverly and Seychelle condominiums in Santa Monica.

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McKinley Packaging Signs Lease in Santa Fe Springs

McKinley Packaging has signed a lease for a 102,516-square-foot industrial building in Santa Fe Springs.

Manhattan Beach Office Building Secures $30 Million Refinancing

An office building in Manhattan Beach has been refinanced for $30 million.

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20 in Their 20s: Ryan Wengert

"We’ve seen about 25% rental growth from this time last year."

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20 in Their 20s: Colton Pace

"It’s beyond just helping property owners with their property taxes; it’s also leveling the playing field."

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Companies Wrestle With Plans for Post-Pandemic Offices

What will office spaces look like moving forward?

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LA Real Estate Firms Are Making Deals Outside California

L.A. real estate companies are turning their attention to farther flung markets and closing deals outside California, from Provo, Utah to Orlando, Fla.

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Rexford Spends $68 Million on Industrial Properties

Brentwood-based Rexford Industrial Realty Inc. has been on a buying spree during the second quarter.

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Decron Buys Arizona Property for $65 Million

Decron Properties Corp. has acquired a 194-unit multifamily property in Tempe, Ariz., for $64.8 million.

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FabFitFun Sets Headquarters at WeWork Location

FabFitFun has signed a multi-year agreement for a headquarters space at WeWork Cos. Inc.’s Pacific Design Center location.

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Hulu Expands Lease in Colorado Center

Streaming giant Hulu has signed a 351,000-square-foot lease for office space in Santa Monica.

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Developers Are Finding New Uses for Shopping Malls

The massive old Sears property that occupies a prime spot on Santa Monica Boulevard in Hollywood is on the verge of a revival.

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CenterPoint Buys Industrial Site in Carson

CenterPoint Properties has purchased a large industrial property in Carson for an undisclosed sum in a sale-leaseback transaction.

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Avison Young Plans Move to Hybrid Office Space

Avison Young Inc. will soon have a new downtown home, complete with a hybrid design for a post-Covid world.

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Crexi Continues Growth Surge Despite Pandemic

Marina del Rey-based Commercial Real Estate Exchange Inc. had a busy 2020, and that pace has continued in 2021 as interest in the company’s products increased during the pandemic.

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Burbank Creative Office Building Sells for $62 Million

A 124,785-square-foot office building in Burbank known as The Link has sold for $61.5 million.

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Walnut Park Shopping Center Gets $40 Million Refinance

The La Alameda Shopping Center in Walnut Park has been refinanced for $40 million.

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Office Sales Rise, Raising Hopes for Recovery

Office sales in L.A. County, which slowed during the Covid-19 pandemic, are speeding up.

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LA500 Q&A: Jade Mills on Her $6 Billion Real Estate Career

Jade Mills is one of the most respected names in Los Angeles residential real estate.

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Saks Fifth Avenue Site in Beverly Hills Secures $20 Million Loan

The Beverly Hills property housing a Saks Fifth Avenue department store has received a $20 million loan to recapitalize.

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US Bank Tower to Undergo $60 Million in Upgrades

New York-based Silverstein Properties, which purchased the U.S. Bank Tower for $430 million last year, announced plans for a $60 million upgrade to the iconic skyscraper.

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Luzzatto Co. Gets $55M Loan for West Adams Development

A creative office development in West Adams has received $54.7 million in construction financing.

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Multifamily Rents Are Rising Downtown

Downtown’s residential market is showing signs of a pandemic recovery.

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LA County Renews $11 Million Office Lease Near LAX

Los Angeles County has signed a five-year lease renewal for 52,054 square feet near LAX in a lease valued at $10.9 million.

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Cottonwood Launches $750 Million Real Estate Fund

Downtown-based private equity real estate investment firm Cottonwood Management has launched a $750 real estate investment vehicle.

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Stockdale Capital Buys Santa Monica Marriott

Westwood-based Stockdale Capital Partners has purchased the JW Marriott Santa Monica Le Merigot hotel.

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Coachella Co-Founder to Open Record Store

A record store is headed to Atwater Village.

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Atlas to Redevelop Times Printing Plant Into Studio Complex

Atlas Capital Group has submitted plans for a $650 million project to redevelop the Los Angeles Times downtown printing plant into an 832,190-square-foot creative campus with 17 soundstages.

Common Sets Big Goals for LA Expansion

Common Living Inc., a New York-based property manager, has announced plans to make Los Angeles its biggest U.S. market.

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Markwood Embraces Multifamily Development

Beverly Hills-based developer Markwood Enterprises has been growing with a new focus on L.A. and multifamily development.

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Arts District Office Campus Sells for $80 Million

The Switchyard, a creative office building in the Arts District, has sold for $80 million.

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Prolific Developer Maguire Dies at 86

Developer Robert F. Maguire III, whose best-known projects include downtown's U.S. Bank Tower, has died at age 86.

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Organic Grocery Store Planned for Los Feliz

CGI+ Real Estate Investment Strategies plans to develop a Lazy Acres Natural Market on three parcels in Los Feliz.

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Short-Term Rental Companies Prosper During Pandemic

Despite tough regulations and a pandemic that pummeled the Los Angeles hospitality industry, local vacation rental operators are thriving.

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Mid-Wilshire Apartments Sell for $55 Million

An affiliate of Green Cities Co. has purchased the Estelle, a 61-unit multifamily building in Mid-Wilshire, for $55 million.

South Bay Sets the Pace for LA Office Market

While most office submarkets in L.A. County have struggled to bounce back after the pandemic, the South Bay has managed to step up in 2021.

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Pendry Hotel and Condo Complex Opens on Sunset Strip

The long-awaited Pendry, a large hotel and condominium development on the Sunset Strip at the site of the former House of Blues, has partially opened.

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Lowe Launches Commercial Brokerage Firm

Brentwood-based Lowe, formerly Lowe Enterprises, has formed a new commercial brokerage firm.

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AIDS Healthcare Foundation Buys Multifamily Building for $30 Million

The AIDS Healthcare Foundation purchased a 190-unit multifamily building in the Westlake/MacArthur Park area for $30 million.

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Architect Art Gensler Dies at 85

Famed architect Art Gensler, founder of Gensler, has died. He was 85 years old.

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Covid-19 Concerns Guide Pasadena Office Remodel

A five-story office building in Pasadena is being redeveloped with an eye toward features that have become increasingly desirable as a result of the Covid-19 pandemic.

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Grocery Store Properties See Strong Gains During Pandemic

Demand for grocery store properties has soared during the pandemic, transforming the sector into one of the most sought-after real estate investment categories.

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Brentwood Medical Tower Gets $43 Million Loan

The Wilshire West Medical Tower in Brentwood has received a $42.5 million refinancing.

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