REAL ESTATE
Base Equities Gets $26 Million Commitment
Westwood-based Base Equities, an investment company focusing on preferred equity in commercial real estate assets, has formed a joint venture partnership with Maryland-based Alex Brown Realty.
Office Building in Little Tokyo Sells for $27M
Buck Design, a creative agency, has purchased an office building in Little Tokyo for $26.5 million.
Industrial Properties in LA, Orange County Get $60M Loan
Newport Beach-based MetroGroup Realty Finance has arranged $58.7 million in financing for seven industrial properties in L.A. and Orange counties.
Hilton & Hyland Founder Jeff Hyland Dies
Jeff Hyland and Rick Hilton founded their brokerage in 1993 and quickly grew.
Long Beach Shopping Center Gets $33 Million Loan
Tenants among in the 300,000-square-feet include Ralphs Supermarket, Nordstrom Rack, Barnes & Noble, AMC Theaters, LA Fitness and Howards Appliances.
West Hollywood Multifamily Property Sells for $100 Million
A joint venture has acquired a multifamily property to be converted to middle-income housing.
Long Beach Office Building Sells for $86M
A 410,920-square-foot tower in downtown Long Beach known as the Shoreline Square has sold for $85.5 million.
Granite Properties Launches Flex Offering in Glendale
Plano, Texas-based Granite Properties has launched a new flexible office offering, dubbed Ready Collective, with locations in Glendale and Houston.
Torrance Apartment Building Sells for $50 Million
A 107-unit apartment complex in Torrance has sold for $49.5 million.
Studio, Office Space in Atwater Village Sells for $93 Million
Reframe Studios has sold for $92.5 million, according to a source familiar with the deal.
Rexford Pays $43 Million for Industrial Building Near Glendale
A 117,000-square-foot industrial building located near Glendale at 2800 Casitas Ave. sold in an off-market deal for $43 million.
Developer Nadine Watt Shares How Watt Cos. Is Branching Out
The LABJ Interview
Watt Cos. has long been a major player in the L.A. real estate scene, and now it's expanding out of state.
Paramount Apartment Building Sells for $129M
Beverly Hills-based BLDG Partners and the California Municipal Finance Authority have acquired a 306-unit multifamily property in Paramount for $128.5 million.
Luxury Apartment Building in Downtown Gets $90M Loan
A luxury apartment complex in downtown near L.A. Live has received a $90 million permanent placement loan.
New Nadel Principal Plans Growth
Sawtelle-based architecture firm Nadel Inc. has named Anthony Sanchez as a principal and shareholder in the firm, with plans to grow under his leadership.
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