Los Angeles
CIM Group Closes LA Hotel Sale
The sale comes after the recent disposition of the adjacent 8500 Sunset residential complex.
Starwood Capital Nabs West Hollywood Hotel
The new 286-key property will ultimately be renamed 1 West Hollywood and become the fourth property in the chain’s award-winning, eco-conscious, luxury sustainable brand.
Olive Hill Receives Creative Office Financing in LA
The $41 million loan was arranged by Newmark Realty Capital Inc. The LA-based firm acquired the property for $65.6 million last year with plans of upgrading it.
DTLA’s South Park by Windsor Retail is Fully Leased
Kennedy Wilson arranged three 10-year leases totaling more than 12,500 square feet for the ground-floor retail space of the mixed-use high-rise.
Douglas Emmett, QIA Buy $177M Beverly Hills Asset
The 10-story office building is 85 percent leased to a tenant roster including Wells Fargo, Sotheby’s, Morgan Stanley and Longo Law Group.
One Capital Management Relocates HQ
The company leased 9,000 square feet of office space at Phase II of Westlake Park Place in Westlake Village, Calif. The office campus comprises more than 450,000 square feet.
SoCal Industrial Park Commands $211M
The six-building campus in Rancho Dominguez is 99 percent leased to 23 tenants. Situated adjacent to the Alameda Intermodal Corridor, the property offers access to five major freeways.
Industrial Property Trust Nabs 104 KSF Asset
The company purchased the property in the Rancho Dominguez submarket of Los Angeles County for $12 million and has a $2.5 million renovation underway.
Xebec Targets E-Commerce Assets in Key Markets
HFF has secured a $46 million loan on behalf of the company’s first industrial portfolio, which includes warehouse buildings in Los Angeles and Chicago.
JV Acquires Los Angeles Creative Office Building
Newcastle Partners and Westport Capital Partners formed a joint venture to acquire a 40,000-square-foot asset in Los Angeles’ Jefferson Corridor submarket.