Los Angeles
AVANA Capital Closes $60M Construction Financing
The company provided the loan to Mogul Capital for the development of a dual-branded hotel, comprising 354 guestrooms, in Hawthorne, Calif.
South Bay Office Building Changes Hands
PCCP LLC has provided a $29.1 million senior loan for the purchase of a nearly 89,000-square-foot, eight-story office building near the LAX Airport.
NKF Capital Markets Brokers 133 KSF LA Office Building Sale
TH Real Estate acquired a 133,000-square-foot office property in Westlake Village, Calif. At the time of sale, the two-story asset was 91 percent leased.
Meridian Buys 3-Asset MOB Portfolio in LA
The project also includes the repurposing of an existing, two-story 8,280-square-foot building into a new single-story 9,200-square-foot Type V-A ambulatory, outpatient clinic.
Hudson Pacific to Sell 4 Office Assets for $255M
Different buyers will purchase the properties, which are located in premier markets in Northern and Southern California. The proceeds will go toward value-add acquisitions.
DTLA Creative Campus Lands $122M Financing
George Smith Partners and Dekel Capital arranged the equity-and-debt package for Urban Offerings and ESI Ventures. The sponsors will use the proceeds to develop a 250,000-square-foot Class A project in the city’s Fashion District.
Ventus Group to Develop $300M Mixed-Use Project
The 4.4-acre project will consist of 408 residential units, approximately 74,000 square feet of commercial space and a 298-key hotel. The residential component will also include 82 affordable units.
Ascentris Snags 143 KSF Office in the San Fernando Valley
A private investor sold Tri-Center Plaza in Van Nuys, Calif., to Ascentris. The new owner is set to embark on a renovation program that includes upgrading the exterior, amenities and modernizing the common areas.
JLL Brokers Sale of 107 KSF Studio Campus
Gaw Capital Partners has acquired the 107,875-square-foot asset in the Atwater Village of Los Angeles. JLL worked on behalf of the seller in the transaction.
American Realty Advisors Names New EVP
Shelley Santulli brings more than 26 years of experience in real estate investment management to the company and will work on developing new products and business initiatives.