Los Angeles
What’s Next for the New HVCRE Rules?
Alston & Bird Partner Gregg Loubier discusses two initiatives proposed to simplify and clarify the real estate lending process, both of which lenders and federal regulators hope to resolve in 2018.
Terreno Snags $38M CA Industrial Asset
The property comprises two distribution facilities located in Gardena that total 231,000 square feet. The estimated stabilized cap rate is approximately 4 percent.
LA Office Building Sells Online for $17M
The sale of the building, located in the city’s Century City neighborhood, was handled from start to finish using Ten-X’s Offer Select tool.
Pendulum Acquires $46M OC Mixed-Use
In a partnership with Long Wharf Capital, Pendulum purchased Stadium Crossing, a 165,000-square-foot property that features office, retail and a vacant pad site.
LA Office Campus Fetches $117M
NKF Capital Markets represented Rockwood Capital and Marshall Property in the sale of the 203,946-square-foot Class A property to Deutsche Asset & Wealth Management.
Santa Clarita Mixed-Use Lands $21M
Buchanan Street Partners provided the construction loan for Newhall Crossings, a mixed-use project featuring 47 apartment units and 20,167 square feet of retail space.
Oilfield to Hold California’s Largest Solar Project
Aera Energy and GlassPoint Solar will deliver the first-ever solar project to power oilfield operations. Located in the San Joaquin Valley, the 850-megawatt project is estimated to save more than 376,000 metric tons of carbon dioxide emissions per year.
Capital Square Buys CA MOB
The company acquired the asset on an all-cash, no-debt basis, as part of a Delaware statutory trust offering primarily for investors structuring Section 1031 tax-deferred exchanges.
64 KSF CA MOB Changes Hands
Proto Inc. sold a single-tenant medical office building in Covina, Calif. The new manager plans to operate extensive renovation plans for the property.
NKF Brokers South Bay Office Asset Sale
Miramar Capital purchased a 124,000-square-foot office building in Redondo Beach, Calif., from Gramercy Property Trust. At the time of sale, the asset was 58 percent occupied.