Los Angeles
Old Pasadena Collection Snapped Up by Private Investor in $42 Million Transaction
Four buildings in downtown Pasadena were recently part of a $42.6 million mixed-use deal as Old Pasadena Collection traded hands between two private investors. A team of representatives from real estate company Institutional Property Advisors arranged the sale on behalf of both parties.
Vitus Group Acquires Senior Affordable Housing Building in Koreatown for $22.5 Million
An affordable housing community catering to seniors was recently sold by the Christ Unity Church in a deal worth approximately $22.5 million. The property in question is Christ Unity Manor in Koreatown, an asset that waited approximately 15 months, eight months of which the property spent in escrow, to be traded. The sale was handled by real estate brokerage Colliers International. Although a large number of companies inquired about the property, the winning bid belonged to Vitus Group.
MacFarlane Partners Acquires Downtown Development Site, Lines up Two-Building Mixed-Use Project
MacFarlane Partners has recently completed the acquisition of a high-profile development site located in the growing residential market of downtown Los Angeles. The developer has two residential buildings line up for the piece of land, as well as a retail component and large amounts of open space. The buyer acquired the development site from Africa-Israel USA, in a deal brokered by Newmark Grubb Knight Frank representatives from New York and Los Angeles.
DJM Scores $93 Million in Financing as Construction Continues Unabated
By Alex Girda, Associate Editor A major retail development project in Huntington Beach recently received a serious fund injection as developer DJM landed approximately $93 million in financing. The funds were arranged by George Smith Partners Principal and Managing Director Steve Bram and Senior Vice President David Pascale. The funding is divided between a $56.5 […]
Lights! Camera! Blueprints! Kilroy Unveils Plans for M-U Campus in Hollywood
Kilroy Realty Corp. took a step forward with its $250 million to $300 million project in Hollywood by unveiling plans on Thursday for a four-building, 475,000-square-foot “creative media mixed-use office campus.”
Kilroy Realty Corp. Reveals Plans for Mixed-Use Project in Hollywood
One of the most active commercial real estate companies in the Los Angeles market has unveiled plans for a large creative media mixed-use office campus at the recent Hollywood Economic Development Summit. Kilroy Realty Corporation will be developing its proposed project known as The Academy on a site acquired in Q4 of 2013 from The Academy of Motion Pictures Arts and Sciences. The site is an entire Los Angeles city block located between Vine Street, DeLongpre Avenue, Ivar Avenue and Homewood Avenue.
KTR Capital Preleases 615 KSF Project in LA to 99¢ Only Stores
KTR Capital Partners has broken a record at its Garfield Corporate Center project in Commerce, Calif. by signing 99¢ Only Stores to a prelease for the entire 615,000-square-foot development, marking the largest industrial infill lease in L.A. County history.
Hines and Oaktree Partner Yet Again for the Acquisition of Brea Place Office Campus
International real estate firm Hines recently announced the purchase of Brea Place, a sprawling office campus that also includes a plot of mixed-use development land, part of its ongoing partnership with Oaktree Capital Management. Financial terms of the deal were not disclosed to the press.
Deloitte Signs 113 KSF Lease in Iconic LA Tower
Deloitte has signed a long-term lease with Brookfield Office Properties for rent of 113,000 square feet in the iconic Gas Co. Tower in downtown Los Angeles.
Retail Opportunity Investments Corp. Announces Purchase of Fallbrook Shopping Center for $210 Million
Retail Opportunity Investments Corp. recently made the announcement that it is set to become the new owner of a major retail center in the San Fernando Valley. The company has entered into a binding contract for the acquisition of the Fallbrook Shopping Center, for a purchase fee of $210 million in cash. The transaction will reportedly be closed by the end of this quarter.