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Hannah Madans

Stories by Hannah

Loan Market Remains Active

Cautious lenders sense opportunities

Economic uncertainty is changing lending practices, but that doesn’t mean there isn’t financing available for commercial real estate in Los Angeles.

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A-List Broker Nartey Starting Agency

Firm will focus on luxury market

Kofi Nartey, a real estate agent to celebrities like Michael Jordan and Kevin Durant, has left Compass to start his own agency, Society Real Estate & Development.

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Jerry Snyder: A Developer to the Very End

Friends salute iconic builder

Legendary developer Jerome H. (Jerry) Snyder passed away at his home in Bel Air on May 8 after a short battle with cancer. He was 90.

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For Hart, Multifamily Is What Matters

TruAmerica founder still has the passion

For Robert Hart, founder of TruAmerica, multifamily real estate is more than just a business that has brought him vast success.

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Decron Tries Remote Approach

Company offering virtual and self-tours for properties

Decron Properties Corp., a real estate company based in Mid-Wilshire with extensive multifamily holdings, recently added more remote options to its business.

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Santa Monica Multifamily Sells for $12 Million

Building’s below-market rents offer long-term opportunity

A 48-unit apartment complex in Santa Monica has sold for $12 million to a private investor.

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CIM Group Buys Crenshaw Plaza

Retail site may look to add office space

Mid-Wilshire-based CIM Group is not shying away from retail properties, even in the current environment.

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Partnership Pays Off for Bellflower Shelter

Public-private speeds development and reduces costs

As housing the homeless has become an increasingly urgent issue in L.A. County, Bellflower has adopted a speedier and cost-effective approach.

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Panorama Group Bets on Housing for Seniors

Company plans to develop multiple properties in LA

Despite current economic concerns, some developers are still betting big on senior housing.

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Pumping the Brakes

After a sudden shift, LA’s office market is no longer moving at top speed

The Los Angeles office market was cruising in high gear — until the coronavirus hit. See the most recent top 10 office property sales in L.A. County.

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Pasadena Project Secures $35 Million Loan

Condo conversion development expected to open in 2021

A 48-unit condominium project in Pasadena has received a $34.5 million construction loan.

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BLT Buys Hollywood Properties

Company pays $20 million for two creative office sites

Santa Monica-based BLT Enterprises has acquired two Hollywood properties for a combined $20 million.

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PressList Gives Brokers a PR Lift

Publicity service offers way to boost coverage for listings

Malibu-based real estate public relations company Lion & Orb Inc. is launching PressList, a publicity service that agents and brokers can use for their listings.

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Stockdale Capital Sets $550 Million Fund

Company plans to aggressively pursue commercial opportunities

Westwood-based Stockdale Capital Partners recently secured a $550 million real estate opportunity fund called SCP Real Estate Opportunities Fund I.

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Special Deliveries

Ghosts kitchens offer restaurant brands fresh opportunities and reduced costs

Ghost kitchens are rapidly growing in popularity as more people turn to delivery, and they're expected to be a nearly $76 billion industry by the end of 2022.

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Multifamily Portfolio Brings $102 Million

Collection covers 26 properties in LA

A 26-property multifamily portfolio with 642 units has sold for $102 million.

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Room at The Inns

Plunging occupancy rates rock the hotel industry

One of the sectors hit hardest by the coronavirus has been the hotel industry, which has found itself facing record-high vacancies at a time of canceled travel plans and safer-at-home orders.

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Universe Holdings Has Eye on Silver Linings

Multifamily specialists expect buying opportunities

Century City-based Universe Holdings Development Co. says the coronavirus pandemic may impact the acquisition tear it’s been on this year, but it will not derail the company’s strategy.

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Rexford Adds Azusa Property

Fully leased industrial site fetches $15.5M

Despite concerns in the marketplace caused by Covid-19, some companies are still buying commercial real estate.

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Inglewood Plaza Sells for $29 Million

Joint venture acquires retail center from CIM Group

A joint venture has purchased Inglewood Plaza, a 98,000-square-foot retail center, for $29 million.

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Los Angeles County Real Estate Market, 1st Quarter 2020

Submarket Data Summary

Quarterly highlights from every submarket of L.A. County in the Real Estate Quarterly Special Report.

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Pasadena Office Site Sells for $78 Million

Tetra Tech among tenants at complex

Pasadena Corporate Park is a three-building complex spanning 260,000 square feet.

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Betting on Industrial

Category looks well-positioned to weather the coronavirus storm

The coronavirus may slow Southern California’s industrial real estate market, but industry executives say it’s unlikely to derail the booming category.

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King Harbor Sale Is Set

Redondo Beach site spans 36 acres

The leasehold interest for King Harbor Marina in Redondo Beach has sold, further cementing the city as one of Los Angeles County’s hottest markets.

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Special Report: Real Estate Quarterly — Q1 2020

After years of sustained growth, the Los Angeles real estate market finds itself entering a period of uncertainty. Here's how people in real estate are moving forward.

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Extreme Makeover

Tech and media companies have reshaped LA’s leasing market

Tech and media firms have been on a leasing tear in recent years, signing leases for millions of square feet in greater Los Angeles.

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Taking Off Again

Once dependent on aerospace, El Segundo has diversified and thrived

Office stock in El Segundo — best known as an aerospace hub and for its Chevron refinery — is surging as other industries are moving into the area.

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Ghost Kitchens Venture Plans Extensive Hiring

C3 will add 500 jobs across LA

C3, the brainchild of Beverly Hills-based SBE, mall giant Simon Property Group Inc. and hospitality company Accor, is hiring for more than 500 jobs in L.A.

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Torrance Site Sells for $74 Million

Rent-subsidized senior property will be renovated

A 180-unit multifamily property in Torrance, the Golden West Tower, has sold for $74 million.

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Prime Coastal Site Sells in Redondo

Mixed-use development is expected to replace aging power plant

AES Corp. has sold a prime 51-acre coastline site in Redondo Beach to a private developer.

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WeHo Site Sells for $21 Million

Retail property sits on Melrose Ave.

Century City-based real estate investment company Blatteis & Schnur Inc. purchased a West Hollywood retail property for $20.6 million.

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Multifamily Portfolio Fetches $22 Million

Beverly Grove apartment buildings total 60 units

A portfolio of four multifamily properties with a total of 60 units in Beverly Grove has sold for $22.4 million.

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Virus Forces Brokers to Get More Creative

Listing agents turn to virtual tours and 3D images

Top residential real estate agents in Los Angeles are trying to find ways of selling properties while people are observing the “safer at home” ordinance.

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CGI Secures $48 Million in Financing

Developer will use funds for project in Koreatown

Woodland Hills-based CGI Strategies has received a $47.8 million construction loan from an unnamed national lender for a project in Koreatown.

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Large Office Properties Set Major Renovations

Work underway at big-ticket sites in Pasadena, DTLA

The office space construction boom in Los Angeles is extending to large properties in Pasadena and downtown.

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Mamo Takes Over LB Marketplace

Company buys out partner Pacific Castle for $67 million

Santa Ana-based Mamo Properties Inc. bought out Irvine-based partner Pacific Castle Management Inc.’s share of the Long Beach Marketplace for $67 million.

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Prime WeHo Property Sells

Site could see mixed-use development

A development site at the intersection of Santa Monica and La Cienega boulevards has sold for $22.5 million.

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MJW Launches $500M Fund

Company seeks multifamily opportunities

Santa Monica-based MJW Investments is creating a $500 million fund to invest in value-add multifamily, student housing and more.

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Watt Cos. Courts a New Generation

Developer dials up multifamily projects

After recent leadership changes that included Nadine Watt taking on the title of chief executive, Watt Cos. is again focused on housing.

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West Adams Is Looking Up

Mixed-use Cumulus towers will anchor revitalized area

On the edge of West Adams, Cumulus is rising. Developer Carmel Partners Inc.’s project sits on 11 acres near the Expo Line.

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East Hollywood Building Sells for $48 Million

Features affordable senior housing

An apartment building in the Little Armenia neighborhood of East Hollywood has sold for $48 million.

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Trion Makes the Move Into Ground-Up Space

Value-add developer opens site in Culver City

West Hollywood-based Trion Properties has completed its first foray into ground-up development.

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Glendale Multifamily Property Brings $28 Million

Apartment building has 60 units

A trust has purchased a 60-unit apartment building in Glendale from an individual for $28 million.

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NeueHouse Set to Open in Venice

Coworking club will occupy former Snap office space

Coworking-meets-social-club company NeueHouse is expanding in Los Angeles by opening a location in Venice Beach.

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Multifamily Portfolio Fetches $23 Million

Goldrich Kest sells off two properties to Xenon

Culver City-based Goldrich Kest has sold two multifamily assets in Los Angeles County for a combined $23.3 million.

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Maximum Multifamily

Category continues record hot streak across LA’s markets

After a record-breaking year for multifamily sales in 2019, a variety of factors point toward a possible continuation of the trend this year.

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Culver City Project Lands $59 Million Loan

Dekel arranges financing for Urban, Meridian Group

A 74,000-square-foot mixed-use creative office building near Culver City received $59.3 million in construction financing.

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Wilshire Site Brings $312 Million

Rockpoint buys Miracle Mile tower

A towering Miracle Mile office building at 5900 Wilshire Blvd. attracted a sky-high sale price of $312 million.

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Vista Investment Leans Into Rent-Control Sites

Firm pays $50 million to expand multifamily portfolio

Santa Monica-based Vista Investment Group has closed on four multifamily properties as part of a larger plan to purchase properties subject to rent control.

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MBK Rental Estate to Develop Duarte Property

Company plans 344-unit luxury property near Gold Line

MBK Rental Estate Ltd. closed on a 4.3-acre site in Duarte with plans to develop a 344-unit luxury apartment property on the land.

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