Regions West | Los Angeles
JLL Arranges Sale of Sheraton Gateway Hotel at LAX
Aug. 21, 2008
Jones Lang LaSalle Hotels is pleased to announce the sale of the fee simple interest in the Sheraton Gateway Hotel at Los Angeles International Airport on behalf of its owners, Kor Hotel Group and its partners.
Cushman & Wakefield Sonnenblick Goldman Expands U.S. Platform
Aug. 20, 2008
As the real estate investment market continues to be challenged by credit and liquidity issues, Cushman & Wakefield Sonnenblick Goldman has announced it will expand its U.S. platform into new markets to help meet increasing demand for access to debt and equity capital sources.
Douglas Emmett Nabs $365M Loan
Aug. 19, 2008
Douglas Emmett Inc. has announced that it has obtained a non-recourse $365 million term loan to refinance the bridge loan that was obtained in connection with the REIT's acquisition of a six-office portfolio on March 26, 2008. This new loan is secured by the six-office portfolio.
transwestern West Los Angeles Office Property Added to Aslan Portfolio
Aug. 12, 2008
Taking advantage of a location surrounded by a network of high volume freeways leading to downtown Los Angeles, Beverly Hills, Santa Monica, and the Los Angeles International Airport in the popular West Los Angeles area, Transwestern Investment Co. has picked up Corporate Pointe in Culver City for an undisclosed price on behalf of Aslan Realty Partners IV L.L.C., a fully-discretionary institutional equity fund.
Solar Power Contracted to Power 2 Los Angeles Landmarks
Aug. 12, 2008
Solar Power Inc. has entered into a design build agreement with venue owner-operators AEG to design and install photovoltaic solar systems for two sports and entertainment venues -- STAPLES Center and NOKIA Theatre L.A. LIVE.
sls SLS Hotel at Beverly Hills Gets $33M in Preferred Equity from Lowe Enterprises Investors
Aug. 11, 2008
As it nears the November opening of its luxury SLS Hotel at Beverly Hills, SBE has received $33 million in preferred equity from the Lowe Structured Investment Fund, a discretionary investment fund managed by Lowe Enterprises Investors. A source close to the deal told CPN that the total price tag is roughly $229 million, including acquisition and renovations.
JV Shells Out $40M for LA-Area Business Park
Aug. 08, 2008
The joint venture buyer has agreed to purchase College Business Park in Upland, Calif., just east of Los Angeles. The 314,000-square-foot business park sold for $39.9 million to Koll/PER, a limited liability company owned by Koll and the Public Employee Retirement System of Idaho.
douglas park Newcastle-RREEF JV Acquires Former Boeing Land in Long Beach for $350M Project
Aug. 06, 2008
Despite economic woes that have caused delays or outright cancellation of many projects, Newcastle Partners Inc., and RREEF Alternative Investments have purchased 54.5 acres at the former Boeing aircraft manufacturing site in Long Beach, Calif., with plans for a 4 million-square-foot mixed-use business park with an estimated value of $350 million at build out.
717 W 9th Street Meruelo Maddux Closes on $84M to Finish L.A. Residential Tower
Aug. 05, 2008
Unlike a bevy of construction projects across the country, development of the upscale 214-residence apartment high-rise at 717 W. Ninth St. in Los Angeles will not fall victim to the credit crunch, as Meruelo Maddux Properties Inc. has just closed on an $84 million construction loan. The 35-story structure, located across from the Staples Center sports arena and the $2.5 billion L.A. Live mixed-use project, is part of a long list of developments that are contributing to the multi-billion remake of downtown Los Angeles.
Behringer Harvard Sells Office Building near Los Angeles
Aug. 04, 2008
Behringer Harvard announced the sale of 2383 Utah Avenue, an approximately 150,000-square-foot office building located directly south of Los Angeles International Airport.
9900_wilshire Preconstruction Contract Moves Green Beverly Hills Project Forward
Aug. 01, 2008
Plans for the development of 9900 Wilshire, an über-upscale condominium project in Beverly Hills, are moving forward now that developer Project Lotus L.L.C. has awarded Rudolph and Sletten Inc. the preconstruction services contract for the long-awaited endeavor. Project Lotus, a joint venture involving CPC Group and Kaupthing HF, will build the 235-unit green residential project on an eight-acre parcel that the team snapped up for $500 million in 2007.
Maguire to Appoint 4 New Board Members
July 29, 2008
Per agreement with it's shareholder, JMB Capital Partners, Maguire Properties Inc. will add four directors, Cyrus Hadidi, Paul Watson, Jonathan Brooks and a JMB Capital nominee whose name will be announced later, Los Angeles Business Journal reported.
NY Palace New York Palace, Hotel Bel-Air Come Under Dorchester Domain
July 29, 2008
London-based luxury hotel group Dorchester Collection, owner of such iconic properties as the Beverly Hills Hotel and Hotel Plaza Athénée in Paris, has brought two additional legendary assets under its umbrella with the attainment of contracts to manage New York City's renowned New York Palace Hotel and the tony Hotel Bel-Air in Los Angeles.
Lee & Associates Taps Royster for President, Strategic Growth
July 25, 2008
Lee & Associates has named Phil Royster as its president of strategic growth. The newly created position will have Royster overseeing all of the company's expansion efforts. Among the responsibilities will be identifying growth opportunities and establishing the company’s strategy for new office acquisitions and the formation of new Lee & Associates companies nationwide.
University Gateway Holliday Fenoglio Places $168M in Financing for USC Student Housing Project
July 25, 2008
Plans for the development of University Gateway (pictured), an upscale mixed-use student housing development across from the University of Southern California in Los Angeles, move forward with the closing of financing for the 421-unit project. With the assistance of commercial real estate capital intermediary Holliday Fenoglio Fowler L.P., developers Urban Partner L.L.C., Real Estate Capital Partners and Blackstone Real Estate Advisors attained funding totaling $167.5 million in the form of a construction loan and joint venture equity.
Colliers International Introduces Urban Landlord Partners
July 23, 2008
Colliers International announces the formation of the Urban Landlord Partners, which focuses on the needs of institutionally owned assets located in downtown core markets.
$100M Fund Formed for Affordable Housing in LA
July 22, 2008
The City of Los Angeles has joined forces with Enterprise Community Partners to establish the $100 million New Generation Fund, the city's first multi-million-dollar financing tool for the development and preservation of affordable housing.
Pair of L.A. Offices Trade in $125M Deal
July 21, 2008
Ownership of two premier office buildings accounting for an aggregate 440,000 square feet in Los Angeles' Culver City submarket has changed hands.
grandmarc Kayne Anderson Takes $45M Student Housing Complex
July 21, 2008
Los Angeles-based investment firm Kayne Anderson Capital Partners has acquired a 212-unit student-housing complex in Riverside, Calif., for $45 million, or $212,000 per unit.
Dahlman Joins CBRE Investors as Senior Director
July 21, 2008
Darren Dahlman has joined CB Richard Ellis Investors as a senior director on the Strategic Partners U.S. team in Los Angeles, Calif.
Hunt Returns to Grubb & Ellis as Executive Managing Director
July 16, 2008
Grubb & Ellis Co. said today that William Hunt, a 29-year veteran of the Southern California real estate market, has been named executive managing director, responsible for the the company's Los Angeles county offices.
Nordstrom to Open Santa Monica Store
July 15, 2008
Seattle-based Nordstrom Inc. has signed a letter of intent to open a new Nordstrom store at Santa Monica Place in Santa Monica, Calif.
Venture West Arranges Loan on Ralphs Supermarket in Santa Monica
July 14, 2008
Venture West Funding Inc. has arranged a $17 million mortgage loan on a Ralphs retail center in Santa Monica, Calif.
AMB Property Leases 749,000 SF in Inland Empire
July 09, 2008
AMB Property Corp. has leased the remaining 749,000 square feet of AMB Redlands Distribution Center to a leading manufacturer that is using the facility to expand and consolidate its distribution operations.
Officials Green Light $1.8B for LA Airport Projects
July 08, 2008
Los Angeles International Airport is undergoing a massive multi-phase makeover and the city's Board of Airport Commissioners has just authorized approximately $1.8 billion to cover projects encompassed in the initial stage of the airport's capital improvement program, which is being conducted under Los Angeles World Airports' Project Labor Agreement. .
 

Commercial Industrial Real Estate in Los Angeles


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