Los Angeles
Aloft Hotel Receives $18M Construction Loan
Developed by Michael Tchakmakjian, the new 85-key hotel will be located in Glendale, Calif. and is expected to open in May 2019.
Public Storage Expands CA Portfolio
The company has opened a 350-unit self-storage facility in Gardena, Calif. The property will serve the nearby South Bay cities as well.
Magellan Completes $375M Investment Strategy
The company sold two Commerce, Calif. industrial properties for a total of $77.6 million, finishing off its three-year investment, development and disposition value-add plan.
Capstone Equities Snags Little Tokyo Office Asset
Charles Dunn Co. negotiated the sale of the 55,000-square-foot building that serves as the Federal Public Defenders’ Los Angeles office.
RE Veteran Joins Starpoint Properties as Head of Investments
With nearly two decades of senior level experience, Lonnie Vidaurri will also lead the capital markets team. Previously, he served at Onewest Bank, Barclays and Lehman Brothers.
NKF Inks 98 KSF Lease at CA Office Park
Leidos signed a lease to occupy office space at 924 Overland Court in San Dimas, Calif., bringing the two-building office campus to full occupancy.
United Pacific Sheds CA Office Asset in Sale-Leaseback Deal
The company sold the nearly 41,000-square-foot property for $15 million and signed a 10-year lease with the new owner, a Northern California-based company.
Kilroy to Add Energy Storage to 6 CA Assets
The company chose Stem Inc. to deploy 7.5 MWh of AI-driven energy storage to four of its office buildings in Los Angeles and two in San Francisco.
Toyota Dealership Debuts in Downtown LA
Trammell Crow Co. has developed the new 302,000-square-foot facility, which features vertical integration of dealership elements and represents the first below-grade service department for Toyota.
Clark Construction Hires New VP
Roger Fricke, who brings more than 30 years of experience to the team, will lead preconstruction work for the firm’s projects in Los Angeles.