REAL ESTATE

Recent and archived news stories on: Commercial real estate, residential real estate, housing, architecture, engineering, real estate brokers, construction, property development, property management

IRG Raises Bond Offering of $275 Million

Sawtelle-based Industrial Realty Group has completed a bond offering of $275 million, bringing its total financing in the last year to more than $1 billion.

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Tallest Echo Park Office Building Sells for $51 Million

The largest office building in Echo Park has sold for $51 million.

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Kennedy Wilson Gets $300M in Preferred Equity

Toronto-based Fairfax Financial Holdings Ltd. has agreed to make a $300 million preferred equity investment in Beverly Hills-based Kennedy-Wilson Holdings Inc.

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Glendale Office Building Gets $145M Loan

An office tower in Glendale known as Glendale Plaza has received a $145 million loan.

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Azure Signs 14-Home Deal, Puts Down Roots in Culver City

Culver City-based Azure Printed Homes is ramping up production, recently opening a factory in Culver City and having been chosen to create 14 prefabricated homes for Oasis Development, a project owned by Ken Bagga, who also owns Oasis Inn & Suites in Ridgecrest.

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Westside Apartment Building Portfolio Sells for $30M

Culver City-based LA Apartments has purchased a portfolio consisting of 99 multifamily units on the Westside for $30 million from a family trust.

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Prodalim Group USA Leases South Gate Industrial Site

Israel-based beverage company Prodalim Group USA has signed a 10-year lease worth approximately $17 million for an industrial property in South Gate.

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L.A. Rising: Burbank

Numerous projects are either under construction or in development in Burbank.

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Long Beach Multifamily Building Sells for $49 Million

Sherman Oaks-based MWest Holdings purchased the 94-unit property.

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Claridge Eyes Development in Downtown, Affordable Housing

Ricardo Pagan, founder and chief executive of downtown-based Claridge Properties, came from humble beginnings but he has worked to put himself on the map with notable projects nationwide.

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Cityview Plans More Multifamily Development, Acquisitions

Century City-based multifamily developer Cityview has been expanding rapidly despite the pandemic.

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Short-Term Rental Company AvantStay Raises $500 Million

West Hollywood-based short-term rental company AvantStay Inc. has raised a $500 million property company (propco) funding round.

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AJU to Sell Bel Air Campus

The American Jewish University plans to sell its campus in Bel Air while expanding its digital and in-person offerings.

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Rexford Purchases Industrial Properties for $170 Million

Getting off to a busy start this year, Sawtelle-based Rexford Industrial Realty Inc. acquired $170 million worth of industrial properties in January and February.

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Investor Interest in Retail Real Estate Soars

Despite the pandemic, a number of large retail sales were completed in L.A. during the second half of 2021.

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