Finance
Dauntless Capital Sells Pasadena Residence Inn for $65MM at $451,000 Per Key
Houston firm clears a 26 percent markup on a hotel it bought in 2021, defying a slumping Los Angeles hospitality market Dauntless Capital...
LACERA Steers $325MM Into Open-Ended Funds, Signaling a Pivot Away From Direct Property Deals
The $80 billion Los Angeles pension fund is doubling down on commingled vehicles it argues deliver better diversification than the separate-account model it...
Douglas Emmett Bets on Adaptive Reuse With 323-Unit Conversion of Westwood’s Murdock Plaza
The Santa Monica REIT files plans to turn a 17-story Wilshire Boulevard office tower it acquired out of distress into apartments, pairing the...
Toronto-Listed Automotive Properties REIT Lands 59,800 SQFT Rivian-Leased Building in Vista for $16MM
A Canadian net-lease specialist plants its flag deeper in Southern California’s electric vehicle service economy, paying $267 per square foot for a single-tenant...
Regent Properties Markets 116,000 SQFT Rancho Bernardo Office Campus With Path to 283 Residential Units in San Diego
Bernardo Heights Corporate Center carries $1.6MM of in-place NOI but is being pitched as much for its 7.01-acre redevelopment potential as for its...
Harbor Associates Lists 157,000 SQFT Office Campus for Sale in Santa Clarita Valley
Two-building Class A property on nearly 9 acres hits the market with 79 percent occupancy and a roster of institutional tenants including Wells...
AvalonBay and Equity Residential Forge $69B Apartment Titan in All-Stock Merger of Equals
The combination of the nation’s two largest multifamily REITs creates a 180,000-unit powerhouse with dominant positions in Los Angeles, New York and Greater...
Los Angeles Turns Against $470MM KPC-Lendlease Bid for Oceanwide Plaza as Hearing Slips to July
The city says the proposed buyer’s development plan is not approvable as written, throwing the fate of downtown’s graffiti towers back into doubt....
Cypress Equity Lands $170MM Construction Loan to Launch 320-Unit Wilshire Boulevard Push in Santa Monica
Twin eight-story projects near Douglas Park will replace aging commercial sites and lean on the city’s new off-site affordable housing pilot Cypress Equity...
Aragon Properties Lists 190-Unit Echo Park Multifamily Portfolio as Non-RSO Class A Product Hits LA Market
Vancouver developer is testing investor appetite for newly built, rent-control-exempt apartments in one of Los Angeles’ most supply-starved submarkets. A Vancouver-based developer is...
918-Unit Lorenzo Hits Market in Los Angeles as Decade’s Largest Single-Asset Student Housing Play Near USC
The 3,648-bed Los Angeles community owned by Geoffrey Palmer carries a $470.6MM appraised value and a fresh $160MM Deutsche Bank loan as it...
Onni’s $384MM Wilshire Courtyard Loan Lands Back in Special Servicing as July Maturity Looms
The Miracle Mile office campus faces imminent default with cash flow covering barely a quarter of its debt service and the balloon payment...
