Los Angeles
Sabal Capital Names New President, COO of Lending
A veteran real estate finance executive, Jason Pendergrist joins the firm from Banc of California, where he served as executive vice president & head of real estate and commercial banking.
Kidder Mathews Expands LA Operations
The company recruited 21 top brokers to work in its fourth office in the metro, located in Century City.
Welltower Acquires LA-Area MOB Campus
The two-building property in Westlake Village is fully occupied by UCLA Health and Providence St. Joseph Health. HFF negotiated the deal on behalf of the seller.
Samitaur Constructs Obtains $232M for Creative Office Portfolio
Square Mile Capital Management LLC and Deutsche Bank originated the financing for the company’s 319,000-square-foot collection of assets in Culver City, Calif.
LA Hotel Redevelopment Lands $51M Financing
HFF worked on behalf of Oceans V to obtain the construction loan, which will help transform a vacant office building into a 180-key Cambria Hotel & Suites.
Stanton Road Capital Buys CA Office Campus
Newmark Knight Frank represented the seller, Westcore Properties, in its disposition of The Offices @ Village Business Park, a two-building asset in Buena Park.
Redwood Partners Acquires Metro LA Asset for $61M
Newmark Knight Frank’s Capital Markets team represented the seller, a joint venture between Singerman Real Estate and Ocean West Capital Partners, in its disposition of the Long Beach office building.
CBRE Brokers $41M LA Retail Center Sale
A joint venture between Hutensky Capital Partners and Festival Cos. sold the 112,000-square-foot Santa Fe Trail Plaza in El Monte.
Netflix Preleases Hollywood Office Project
The entertainment giant has leased more than 350,000 square feet at Kilroy Realty’s Academy on Vine mixed-use development. Occupancy is expected to begin in phases in 2020.
JLL Appoints Mid-Market Industrial Experts
Moon Lim will serve as senior vice president, while Richard Tovar will work as vice president. Both will be based in the company’s Los Angeles office.