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.

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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.

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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.

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Hilton & Hyland Founder Jeff Hyland Dies

Jeff Hyland and Rick Hilton founded their brokerage in 1993 and quickly grew.

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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.

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West Hollywood Multifamily Property Sells for $100 Million

A joint venture has acquired a multifamily property to be converted to middle-income housing.

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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.

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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.

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Torrance Apartment Building Sells for $50 Million

A 107-unit apartment complex in Torrance has sold for $49.5 million.

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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.

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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.

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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.

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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.

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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.

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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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