Industry News
41-Story Mixed-Use Building Approved at Site of California Theatre in Downtown San Diego
By Catherine Sweeney A 1920s Spanish style theatre building in downtown San Diego will soon become the site of a new mixed-use development,...
Report: Demand for Ghost Kitchens in Los Angeles Increased During 2020
By Catherine Sweeney As many traditional restaurants fought to make ends meet in 2020 amid the COVID-19 pandemic, ghost kitchens showed a significant...
Tower 16 Capital Partners Purchases Two Multifamily Properties in Colton for $41MM
Los Angeles – CBRE arranged the sale of Reche Ridge and 1333 Canyon, two multifamily properties totaling 214 units in Colton, Calif., to...
Aids Healthcare Foundation Acquires Residential Building in Los Angeles for $30MM
By Catherine Sweeney The Aids Healthcare Foundation is adding to its goal of providing affordable housing to Los Angeles residents with its most...
70-floor Mixed-Use Building Planned at 1045 South Olive Street in Los Angeles
By Catherine Sweeney A new mixed-use building could provide additional housing for those living in Downtown Los Angeles. The building, planned for 1045...
etco Homes Announces Official Pre-Sales for The Addison in Los Angeles
LOS ANGELES -- etco Homes, a privately-owned, Los Angeles-based homebuilding company, has officially commenced sales for the exclusive new luxury condominium homes at The Addison located...
Gantry Secures $20MM Loan to Recapitalize Saks Fifth Avenue in Beverly Hills
(EDITOR’S NOTE: The property is located at 9600 Wilshire Boulevard.) Beverly Hills, Calif. – Gantry, the largest independent commercial mortgage banking firm in the...
Google Still on Track to Lease Macerich’s 548,000 SQFT Office Campus in Los Angeles
By Catherine Sweeney While cutting back on development expenditures amid the COVID-19 pandemic, realty investment trust Macerich announced One Westside, a 584,000-square-foot office...
Brookfield Properties Purchases 232,600 SQFT Industrial Property in Colton for $38MM
By Catherine Sweeney Brookfield Properties continues to expand its logistics portfolio, with the acquisition of a fully leased property in the Inland Empire....
Report: Los Angeles Renters are Leaving, Headed to the Suburbs
LOS ANGELES – May 17, 2021 – The 2021 University of Southern California Casden Economics Forecast, an annual prediction of future rent and vacancy...
Dornin Investment Group Receives $195.5MM Loan for Southern California Portfolio
Laguna Beach investment firm Dornin Investment Group (“DIG”), in partnership with an investment fund, acquired a $195.5M non-performing loan secured by a portfolio...
Fairfield Residential Purchases Il Palazzo in San Diego for $45.3MM
SAN DIEGO – JLL Capital Markets announced today it closed the $45.3 million sale and arranged a $27 million acquisition financing for Il Palazzo, a 108-unit multi-housing...
