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Month: March 2024

Greystar and Resmark land $95M for housing village in Santa Clarita

Greystar Real Estate Partners and the Resmark Companies have scored a $95 million loan to build more than 250 apartments and more than 60 townhomes in Santa Clarita. The South Carolina-based developer and Westwood-based investor landed ...

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  • 31 Mar
  • The Real Deal
  • Uncategorized
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TGS Management files plans for office-warehouse conversion in Irvine

TGS Management wants to convert a former university campus in Irvine into warehouses. The locally-based quantitative hedge fund led by billionaire C. Frederick Taylor has filed plans to redevelop the former satellite campus for Cal ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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Rexford spends $1B to buy SoCal industrial portfolio from Blackstone

Rexford Industrial Realty has bought 3 million square feet of industrial properties in Southern California from Blackstone in a whopping $1 billion deal, adding almost 7 percent of square footage to its portfolio.  Rexford acquired 48 ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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Fab Factory leases 66K sf production studio in East Hollywood

Fab Factory Entertainment has leased a 66,000-square-foot postproduction studio, office and event center in East Hollywood. The North Hollywood-based production unit of Fab Factory inked a master lease for the three-story building at ...

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  • 30 Mar
  • The Real Deal
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AIDS Healthcare bids $53M for Skid Row housing portfolio in DTLA

The AIDS Healthcare Foundation has offered a top bid of $53 million to buy a portfolio of a dozen residential buildings on Skid Row. The Hollywood-based nonprofit, the world’s largest charity for those with AIDS, emerged as the top ...

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  • 30 Mar
  • The Real Deal
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Ex-LA Deputy Mayor Ray Chan found guilty in developer bribery scheme

Former Los Angeles Deputy Mayor Raymond Chan has been found guilty of arranging bribes from developers for him and convicted ex-Councilman José Huizar. The former public official who spent decades at Los Angeles City Hall was found ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Shangri-La accuses former CFO of embezzling $40M intended for homeless housing

First the state accused Shangri-La Industries of fraud. Now the developer of homeless housing has accused its former beancounter of living high on the hog after stealing from the firm. The Downtown Los Angeles-based developer of ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Washington Prime faces default of $85M loan on Westminster Mall

Washington Prime Group is on the brink of defaulting on an $85 million loan tied to a mall in Orange County.  The loan on the 1.2 million-square-foot Westminster Mall, located in the city of Westminster, has gone to special servicing ...

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  • 29 Mar
  • The Real Deal
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Planned Parenthood LA buys South Central industrial building for $38M

Planned Parenthood Los Angeles has bought a 73,600-square-foot industrial and office building in Historic South Central for $37.9 million. The healthcare nonprofit purchased the 2.4-acre property at 320 and 336 West 31st Street, just ...

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  • 28 Mar
  • The Real Deal
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Brookfield sells 777 Tower in DTLA for 50% below outstanding debt 

Brookfield Properties is selling 777 South Figueroa Tower, formerly one of its trophy office towers in Downtown Los Angeles, for about half of the outstanding debt on the property.  South Korea-based investment firm Consus Asset ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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