City: Los Angeles
Retail Center Near Los Angeles Sells for $36.5Mln
Gerrity Group has sold Buena Vista Marketplace, a 92,346-square-foot retail center in Duarte, Calif., for $36.5 million, or just more than $395/sf. The San Diego investor was represented by Newmark in the deal. The buyer could not be immediately identified. ...
$328.8Mln Loan on Los Angeles Apartments Falls Behind on Payments
The Real Deal A $328.8 million loan that MF1 Capital had provided last year against a portfolio of five apartment properties with 1,037 units in Los Angeles has fallen behind on its payments. The loan had facilitated Laguna Point Properties purchase ...
Santa Ana, Calif., Hotel Sells for $29.49Mln
Heritage Hotel Group has paid $29.49 million, or $183,167/room, for the 161-room Holiday Inn Express & Suites Orange County hotel in Santa Ana, Calif. The Irvine, Calif., hotel company purchased the property from Glacier House Hotels of Scottsdale, Ariz., which ...
Los Angeles-Area Office Property Sells for $22.2Mln
The Registry Quest Capital Partners has sold Atrium on the 10, a 100,724-square-foot office property in West Covina, Calif., for $22.2 million, or $220.40/sf. The Encino, Calif., investment and management company was represented in the deal by CBRE. A Covina-based ...
Northmarq Secures $25Mln Loan Against West Hollywood, Calif., Office Property
Northmarq has arranged $25 million of financing against Sunset Towers, a 77,153-square-foot office property at 8730 West Sunset Blvd. in West Hollywood, Calif. The 10-year loan pays a fixed rate and was arranged on behalf of the property's unnamed owner. ...
Los Angeles-Area Retail Center Sells for $57.75Mln
Commercial Real Estate Direct Staff Report Gerrity Group has paid $57.75 million, or $422.83/sf, for Victory Plaza, a 136,580-square-foot retail center in North Hollywood, Calif. The San Diego investor purchased the grocery-anchored property from Kennedy Wilson, which was represented by ...
Southern California Industrial Property Sells for $16.5Mln
The real estate affiliate of investment manager Manhattan West has paid $16.5 million, or just more than $276/sf, for the Talbert-Mount Washington Industrial Park, with 59,754 square feet in the Los Angeles suburb of Fountain Valley, Calif. The Los Angeles ...
Brookfield DTLA Defaulted on Gas Co. Tower, 777 Tower Loans
Commercial Real Estate Direct Staff Report Brookfield DTLA Fund Office Trust Investor Inc. said that it had not refinanced $753.94 million of debt against its Gas Co. Tower and 777 Tower properties in Los Angeles, increasing the risk that it ...
Waterbridge Still Hasn’t Closed on Purchase of L.A.’s Union Bank Plaza
Commercial Real Estate Direct Staff Report Waterbridge Capital hasn't yet completed its proposed purchase of the Union Bank Plaza office building in Los Angeles. The New York investment manager, led by Joel Schreiber, the first investor in WeWork, had made ...
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