Los Angeles
Boston Properties Adds New VP in LA
Jonathan Lange joined the real estate investment trust as vice president of the Los Angeles region. Previosuly, he served as vice president of capital markets at JLL.
Accelerated Schools Opens LA’s First Dual Language Campus
The Spanish/English school, dubbed The Accelerated Charter Elementary School, includes 100,000 square feet of new school improvements, as well as 19,000 square feet of play and outdoor teaching space and more than 11,000 square feet for a multipurpose room.
Hanley Brokers Well-Anchored Retail Center Deal
The 42,134-square-foot shopping center is located in Santa Clarita, Calif., and boasts a 96 percent occupancy. The anchor tenant is a CVS store with a stand-alone drive-thru pharmacy.
Kor Group, Goldman Sachs Team Up for LA Hotel Buy
The 250-key Custom Hotel is the only lifestyle boutique near Playa Vista and Los Angeles International Airport. The companies have two other hotels in the pipeline, scheduled to open in 2019.
George Smith Adds 2 VPs
Allison Weiss will oversee recruitment nationwide, while Dana Light will focus on researching responsible lenders and lending programs, as well as event management.
Dominguez Sells LA Office-Medical Asset for $49M
Newmark Knight Frank represented the company in the disposition of Madrona Business Campus, a 211,400-square-foot property in Torrance, Calif.
LA-Area MOB Lands $51M Refi
Capital One secured the loan on behalf of TriStar Realty Group. The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years.
NewMark Merrill Adds New VP
The shopping center owner and manager hired Quang Nguyen as vice president of marketing and technology. Nguyen brings 17 years of experience to the company.
Westwood New Executive VP Leads Expansion
Matt Lougee brings a decade of real estate finance experience and will spearhead the firm’s corporate strategy and finance, supporting its growth.
Los Angeles Office Complex Trades for $62M
Majestic Asset Management sold a two-building property in Van Nuys, Calif., to Pacific Reach Properties. At the time of sale, the asset was 99 percent leased.