Los Angeles
CBRE Arranges Long Beach MOB Sale
The 26,293-square-foot property changed hands for $6.5 million and was 91 percent occupied at the time of the transaction by a variety of tenants.
Olive Hill to Redevelop Silicon Beach Office Campus
The redevelopment program will focus on creating new amenities, such as a new gym, a food truck loading zone and a bocce ball court. Olive Hill Group will also rebrand the two-building asset.
LA: Affordable Housing Wanted
Continued improvement in the area’s job market and a steady household creation maintain rent growth in contrast to the nationwide cooling trend, Yardi Matrix data shows.
Easterly Government Closes $128M Medical Financing
The 10-year non-amortizing loan is for the Department of Veterans Affairs Ambulatory Care Facility, located in Loma Linda, Calif. The asset was recently acquired by Easterly Government Properties.
George Lucas Museum Gets Green Light
Designed by MAD Architects, the Lucas Museum of Narrative Art will feature an estimated 100,000 square feet of gallery space. The landmark will house a collection illustration, photography, film, animation and digital art.
JV Acquires Historic LA Office Building
This transaction marks the second Los Angeles acquisition for Arc Capital Partners and Belay Investment Group. Bestor Architects and The Assembly Group will handle the building’s repositioning.
Stream Sells Santa Ana Office Asset
The buyer, Gold Acceptance, will occupy a portion of the 24,737-square-foot building. The two-story property, originally constructed in 1977, was renovated in 2016.
CBRE Arranges Greater LA Industrial 1031 Exchange
The three-building park in Norwalk, Calif. changed hands for $14.1 million and is 98 percent leased to a variety of tenants, including Ford Motors.
West Coast’s Tallest Building Open for Business
Korean Air and Hanjin Group developed Wilshire Grand Center, a $1.1 billion skyscraper, which brings offices, a luxury hotel and convention space to downtown Los Angeles.
LA’s The Line Hotel Lands $93M Refi
Natixis has arranged the floating-rate financing for The Yucaipa Cos., owner of the 384-key lifestyle hotel in Los Angeles.