Regions West | Los Angeles
CT Takes Fleetwood HQ
Newport Beach, Calif.-based CT Realty Corp. has acquired Citrus Park, a 12-building office and industrial park in Riverside, Calif., from Fleetwood Enterprises Inc.
Environmentalists OK Conservation Deal for California Development
After years of legal battles and negotiations, several major environmental groups and the Tejon Ranch Co. today announced they have reached an agreement that would preserve 90 percent of the 270,000-acre Tejon Ranch in California and enable development of a master-planned community, resort and industrial complex to continue.
$18M Loan Paves Way for Beverly Hills Office & Retail Building
A plan to convert a former gas station site in Beverly Hills into the home of a 30,000-square-foot spec office and retail structure gets a boost with Newmark Realty Capital Inc.'s orchestration of an $18.1 million loan for the project
What Will Save Westwood?
Though still heavily trafficked, the Westwood Village area near the University of California, Los Angeles, has been in decline for years.
Software lets Realtors Write Flyers Automatically
Green Tie Logic Inc. has released online software, PropertyPageMaker.com, to allow agents to get professional real-estate flyers without writing a single sentence.
IMT Capital Takes 253 Units in Westlake Village for $69M
IMT Capital L.L.C. has announced that it has purchased Townhomes of Westlake Village, a 253-unit townhouse and apartment property in Ventura County, from Wilshire Equities for $68.5 million in cash.
Pair of Furnishings Shops Expands in Orange County
Shabby Chic and Finders Keepers have recently enlarged their stores.
GE Real Estate Funds Legacy Partners Pasadena, Calif., Buy
GE Real Estate has announced it has provided a $36.5 million first mortgage facility to Legacy Partners Commercial for its acquisition of an office building in Pasadena, Calif.
CalHFA Commits $2.4M for Affordable, Seniors MF
The California Housing Finance Agency (CalHFA) is once again teaming up with Habitat for Humanity to provide $2.43 million for first mortgages to stimulate new homeownership opportunities for more Californians.
Caruso Affiliated's The Americana at Brand, in Glendale, Opens
The $400 million, mixed-use development in Downtown Glendale, Calif., containing both retail and condominiums, has opened today, according the the developer, Caruso Affiliated.
Brookfield Shows Interest in Maguire, Too
The saga of Maguire Properties Inc. continued to unfold today with word that Brookfield Properties Corp. is interesting in buying, along with other partners, Maguire's interests in Downtown Los Angeles office properties for about $750 million.
Gateway Village Gateway Village Sold for $47M in Los Angeles Suburb
Grand Gateway I, II, and III L.L.C. of Los Angeles, Calif., has acquired the 96,959-square-foot shopping center located in Chino Hills from Gateway Village I, II, and III L.P.  for $47.2 million, or $487 per square foot. Hanley Investment Group Real Estate Advisors represented both the buyer and the seller in the transaction.
 

 
BH Properties Expands, Moves Offices
BH Properties L.L.C. has announced that it is expanding its offices, moving from the eighteenth floor of the Westwood Gateway to the sixth floor of the same building, located at 11111 Santa Monica Boulevard in Los Angeles, Calif.
Grubb & Ellis Promotes VP
Grubb & Ellis Co. announced today that David Ghermezian, an investment properties specialist with the West Los Angeles office, has been promoted to senior vice president.
Glendon Street Casden’s Los Angeles M-F Development Leasing Up
Palazzo Westwood Village in the heart of Westwood Village of Los Angeles is leasing quickly and expected to be full by the end of the year. A total of 350 rental town homes are now occupied.
Marinata Development Grocery-, Pharmacy-Anchored Centers are Bread and Butter for Small SoCal Developer 
Even in an economy as unsettled as we’re currently going through, people buy food and medication, and for Newport Beach, Calif.–based Marinita Development, that’s the engine that keeps this small but established company chugging along. 
Maxxam Expands Los Angeles Fashion District with New Projects
Maxxam Enterprises is leading a redevelopment campaign in Los Angeles’ fashion district with five new projects totaling more than 200,000 square feet in various stages of development, the company announced today. 
Tribune Nabs 8 Newspaper HQs for $175M 
Tribune Co. has bought eight office properties used by its newspapers around the United States in a like-kind exchange for $175 million from TMCT L.L.C. The transaction will save the media company $24 million a year it would otherwise have paid to lease properties where newspapers including the Los Angeles Times, Newsday, Baltimore Sun and Hartford Courant have their operations.
Trammell Crow Promotes Two, Hires One
Trammell Crow Co. has promoted Richard Fletcher to managing director and chief acquisitions officer and hired David Bass as senior vice president-asset management in the firm’s acquisition funds group in Dallas. In addition, Harry Lake has been promoted to senior vice president-acquisitions with the firm’s Los Angeles office.
Robert Maguire Floats Plan to Take Firm Private
Robert Maguire III, chairman & CEO of Maguire Properties Inc., has proposed a plan to privatize the REIT. The proposal represents the latest chapter in the company's efforts to resolve its debt problems, which is being spearheaded by a special committee of independent directors.
Dodgers Announce Stadium Improvement Plan
The Los Angeles Dodgers have announced a stadium improvement plan.
The Carlyle to Be Built on the Wilshire Corridor
Fendi Casa and Elad Properties have announced their first Los Angeles development, The Carlyle Residences.
SoCal Apartment Market to See Modest Rental Uptick
The Southern California apartment market, one of the nation's largest, is looking forward to modest rent increases, except in certain highly desirable parts of the region, according to a new study by the University of Southern California Lusk Center for Real Estate.
Beverly Hills Medical Building Goes for $55M
The $55 million sale of a medical facility at 120 S. Spalding Dr. in Beverly Hills, Calif., has closed, according to Madison Partners Principal Bob Safai.
Kennedy Wilson Takes $94M Burbank Office Portfolio
Kennedy Wilson sponsored funds, KW Property Fund II and KW Property Fund III, in a joint venture, have acquired a portfolio of 3 office buildings, 303 North Glenoaks, 333 North Glenoaks and Burbank Executive Plaza, located in Burbank, Calif. for $94.1 million, it has reported.
 

Commercial Industrial Real Estate in Los Angeles


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