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Hannah Madans

Stories by Hannah

LA Office Sublease Market Dips After Covid Boom

After quarters of growth of sublease office space on the market, availability dipped slightly in the third quarter.

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Mayer Corp. Refinances Hyatt House at USC for $62 Million

Mayer Corp. has received a $61.5 million refinance of a leasehold interest for the Hyatt House Los Angeles University Medical Center at USC’s Health Sciences Campus.

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CenterPoint Expands LA Industrial Portfolio

Oak Brook, Ill.-based CenterPoint Properties has acquired a warehouse in Torrance. The financial terms of the sale were not disclosed.

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Why TriWest Is Expanding to New Asset Types and States

El Segundo-based TriWest Development and affiliate TriWest Multifamily have had a busy year branching out from their original focus.

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Monterey Park Retail Property Sells for $2.2 Million

A freestanding retail building in Monterey Park has sold Oct. 1 for $2.2 million. The 5,583-square-foot property is located at 1950 S. Atlantic Blvd.

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Developer Blatteis & Schnur Bets Big on Mixed-Use Space in High-Street Areas

Sawtelle-based real estate firm Blatteis & Schnur Inc. has a long history, dating back almost 100 years to co-founder Samuel Blatteis, who started the company as Blatteis Realty Co.

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Apple to Expand Culver City Presence, Add Jobs

Cupertino-based tech giant Apple Inc. has plans to grow its presence in Los Angeles with new office space that will serve as the company’s regional headquarters.

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Skid Row Housing Trust Partners to Deliver Long-Term Solutions for Homeless Crisis

2021 Philanthropy Special Report

Since its founding in 1989, Skid Row Housing Trust has helped thousands of people.

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Alhambra Warehouse Gets $21 Million Loan

The property, which was completed in 2019, has nine units and is fully leased.

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GPI Cos. Buys Burbank Medical Building for $24 Million

Brentwood-based GPI Cos. has purchased a medical office building in Burbank for $23.9 million.

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SDS Capital Invests Over $100 Million to Build Low-Income Housing in LA

Westwood-based SDS Capital Group has closed on a $150.8 million fund as part of the company’s larger efforts to invest in distressed communities around the country.

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Westlake Multifamily Building Sells for $25 Million

The Bristol Garden, a 100-unit Westlake apartment building, has sold for $25.5 million.

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Marquis Property Co. Sells Santa Monica Apartment Building for $70 Million

A 38-unit multifamily property in Santa Monica has sold for $70 million.

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Rexford Buys $285 Million in Industrial Real Estate

Brentwood-based Rexford Industrial Realty Inc. has since last month acquired a handful of industrial properties for a total price of $286 million and disposed of one of its assets for $18.6 million.

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LPC West Plans Creative Office Site in Culver City

LPC West, the West Coast arm of developer Lincoln Property Co., has plans to develop a creative office project in Culver City.

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Romeo Power Moves Headquarters From Vernon to Cypress

Romeo Power Inc. has signed a 215,000-square-foot lease for a new headquarters and manufacturing facility in Cypress with Warland Investments Co.

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Mount Auburn Multifamily Receives $150 Million Investment

Century City-based Mount Auburn Multifamily has received a $150 million investment from Montreal-based Ivanhoé Cambridge Inc., which it plans to use to continue its goal of acquiring and developing multifamily properties.

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Beverly Hills Medical Office Sells for $82 Million

The Beverly Hills Plaza has 67,510 square feet of office space leased to doctors and other medical tenants, many of whom are affiliated with Cedars-Sinai.

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Rob Antrobius on Prologis’ Expansion in LA’s Industrial Market

2021 Who's Who in Real Estate

Rob Antrobius has been involved in industrial real estate in a couple of different ways: first as a broker and now on the ownership side.

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JLL’s Tim O’Rourke Weighs in on ‘Tremendous’ Growth of LA’s Industrial Market

2021 Who's Who in Real Estate

Tim O’Rourke serves as a managing director and team leader at Jones Lang LaSalle Inc.

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LPC West’s Rob Kane on the Demand for Entertainment Office Space in LA

2021 Who's Who in Real Estate

LPC West, the West Coast arm of Dallas-based Lincoln Property Co. has become a major player in the L.A. office market.

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Listing Impossible’s Aaron Kirman Talks About How Covid Changed LA Real Estate

2021 Who's Who in Real Estate

Residential real estate agent Aaron Kirman is one of the top agents in Los Angeles.

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Axis Development Lands $14 Million Loan for Santa Monica Apartments

Axis Development Group, which has offices in Santa Monica and San Francisco, has received $14.2 million in financing for the acquisition and renovation of an apartment building in Santa Monica from an undisclosed lender.

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‘People are desperate for land’: Newmark’s Kevin Shannon on LA’s Office Landscape

2021 Who's Who in Real Estate

Newmark Group Inc.’s Kevin Shannon is one of the top investment sales brokers in the United States, with more than $65 billion in sales over a more than 35-year career.

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CBRE’s Laurie Lustig-Bower on LA’s Tight Multifamily Market

2021 Who's Who in Real Estate

Laurie Lustig-Bower is a commercial real estate industry veteran with more than three decades of experience.

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Spec Home Developer Scott Gillen Shares Malibu Construction Trends

2021 Who's Who in Real Estate

Before developing spec homes in Malibu, Scott Gillen was a stunt driver on “The Dukes of Hazzard” when he was only a teenager.

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Avison Young’s Chris Maling Talks the Future of LA Retail Real Estate

2021 Who's Who in Real Estate

Chris Maling is a principal at Avison Young Inc. He works on retail capital markets out of the company’s downtown office.

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Jaime and Garrett Lee on Jamison’s Development Pipeline of 6,100 Multifamily Units

2021 Who's Who in Real Estate

Koreatown-based Jamison has had a busy few years.

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As Brokerages Consolidate, DPP Vows to Stay Independent

Pasadena-based brokerage Deasy Penner Podley is partnering with San Francisco-based Side Inc.

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International Tea Importers Sells Commerce Properties for $17.5 Million

Two industrial properties in Commerce have sold for $17.5 million.

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Ace Hotel Developer Jon Blanchard Turns His Attention to the Beach

2021 Who's Who in Real Estate

Jon Blanchard founded Century City-based BLVD Cos. in 2009, seeing opportunity in historic buildings.

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Arts District Buildings Sell for $20 Million

New York-based LIVWRK and local developer Daniel Kotzer plan to spend $12 million redeveloping the property.

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Mandarin Oriental to Build ‘Exclusive’ Homes in Beverly Hills

Mandarin Oriental Hotel Group Ltd. is coming to Beverly Hills.

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CRCD Lines Up $6 Million for Affordable Apartments

Coalition for Responsible Community Development, an affordable housing developer based in Historic South Central, has secured $6 million in financing to build 50 apartments for low-income families in Boyle Heights and further its expansion goals.

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Overton Moore Buys Gardena Industrial Property for $35 Million

Torrance-based Overton Moore Properties has acquired a 10.8-acre industrial property in Gardena for $35.1 million.

Developers Confront Housing Crisis for Seniors

In the late 1990s, the First Methodist Church of Los Angeles decided to repurpose its large property on Flower Street near Staples Center.

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Macerich Sells Tucson Shopping Center for $165 Million

Santa Monica-based Macerich Co. sold La Encantada, a retail center in Tucson, Ariz., for $165.3 million on Sept. 17.

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Pico Rivera Industrial Property Sells for $63 Million

Daum Commercial Real Estate’s Jordan Lara said it's one of the "highest per-square-foot industrial sales for a building of this quality and size."

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3 Retail Properties Sell for More Than $110 Million

The properties include a Home Depot, an Amazon Fresh and a Chick-Fil-A.

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Commerce Industrial Asset Sells for $39 Million

The property is in a tight industrial central submarket — the vacancy rate stands at 2.7%.

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Bozzuto Management Breaks into LA Market

Maryland-based Bozzuto Group is rolling into the West Coast.

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Beverage Distributor Buys Corona Warehouse for $30 Million

City of Industry-based Classic Distributing & Beverage Group Inc. has purchased a 140,000-square-foot warehouse in Corona for roughly $30 million.

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Eye-Catching $500 Million Tower Planned for Hollywood

A new showstopper is planned for Sunset Boulevard in Hollywood.

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Standard Real Estate Launches With Focuses on Minority Investments

Hollywood-based Standard Real Estate Investments is making an investment in diversity.

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Lowe Spends $252 Million on 3 Houston Hotels

Lowe and an unnamed institutional investor plan to invest $25 million to improve the properties.

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Trion Properties Expands in Southeast

The West Hollywood-based firm has acquired a North Carolina property.

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Sunset Strip Hotel Lands $230M Refinancing

A hotel on the iconic Sunset Strip has received a $230 million loan to refinance.

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Archway Buys Austin Apartment Complex

Beverly Hills-based Archway Equities and Dallas-based CAF Capital Partners have acquired a 504-unit apartment community in Austin, Texas, in one of the biggest deals in the area. The purchase price was undisclosed.

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Solterra at Civic Center Sells for $81 Million

The 192-unit Solterra at Civic Center in Norwalk has sold for $81 million.

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Developer Thomas Safran & Associates Builds Affordable Housing at Record Pace

One of the biggest topics in Los Angeles right now is the need for affordable housing.

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