Los Angeles
Kearny Appoints New VP of Acquisitions, Project Management
Steven Hillgren, who is joining the company’s Los Angeles office, adds nearly 10 years of real estate lending experience to Kearny’s roster.
Apex International Expands Footprint with New Lease
DAUM Commercial arranged the lease transaction of a newly upgraded industrial facility in Rancho Dominguez, Calif. The tenant is relocating from a nearby 34,500-square-foot facility.
JV Buys 2 California Office Buildings for $37M
The acquisition is part of Harbor Associates’ and Bascom Group’s $500 million investment plan throughout the Western U.S., over the next two years.
LA-Area Retail Property Receives $8M Loan
The two-story building is located in the Platinum Triangle area of Beverly Hills and will temporarily host Madeo restaurant, a hotspot for celebrities.
Rexford Industrial Buys, Sells $136M in SoCal Assets
The standout of the three separate transactions is the addition of the fully leased, 695,100-square-foot industrial facility at 5300 Sheila St. in Commerce, near downtown Los Angeles.
CBRE Hotels Taps New SVP
Cara Leonard will coordinate with existing team members in arranging financing for large institutional and middle market hotels and resorts.
Erewhon Market: An Organic Approach to Retail
Erewhon’s Jason Widener and Joyce De Brevannes, together with Slated Projects CEO Yuval Chiprut, spoke with CPE about the retailer’s Millennials-focused approach and other efforts that make it competitive in today’s market.
American Realty Advisors Snags CA Industrial Property
A joint venture between Batcheller Equities and Panattoni Development Co. sold the 143,930-square-foot facility in Anaheim, which is currently 100 percent occupied by Rosendin Electric.
L+R Enters U.S. Hotel Market
The company purchased the 283-key Hotel MdR—a DoubleTree by Hilton Hotel in West Los Angeles, which underwent extensive renovations and a repositioning in 2014.
Rexford Sells 1, Acquires 2 CA Industrial Properties
The firm sold an 11,808-square foot building in the Inland Empire, as well as purchased a 96,993-square-foot property in San Marcos and a 43,787-square-foot asset in Long Beach.