Hannah Madans Welk
Reporter (Real Estate)
Real estate reporter Hannah Madans Welk can be reached at email@example.com.
Numerous projects are either under construction or in development in Burbank.
Culver City-based LA Apartments has purchased a portfolio consisting of 99 multifamily units on the Westside for $30 million from a family trust.
Israel-based beverage company Prodalim Group USA has signed a 10-year lease worth approximately $17 million for an industrial property in South Gate.
The largest office building in Echo Park has sold for $51 million.
An office tower in Glendale known as Glendale Plaza has received a $145 million loan.
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.
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.
Toronto-based Fairfax Financial Holdings Ltd. has agreed to make a $300 million preferred equity investment in Beverly Hills-based Kennedy-Wilson Holdings Inc.
Sherman Oaks-based MWest Holdings purchased the 94-unit property.
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.