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Month: April 2024

LA housing agency pays $43M to buy 120 apartments in South LA

A Los Angeles housing agency has paid $43.4 million to buy a 120-unit apartment complex in South L.A. The Housing Authority of the City of Los Angeles purchased the three-story building at 349 South La Fayette Place, in Rampart ...

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  • 06 Apr
  • The Real Deal
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Lincoln Property secures $65M refinance of West LA office campus

Lincoln Property has landed a $65 million loan to refinance a six-building office and retail campus in Ladera Heights. An affiliate of the Dallas-based investor secured the five-year, fixed-rate loan from Deutsche Bank for the ...

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  • 06 Apr
  • The Real Deal
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LA development lender Hankey draws new interest with Trump loan

 Part-time real estate financier and full-time auto-loan billionaire Don Hankey is collecting a different sort of interest since his $175 million loan to Donald Trump became public. Hankey posted the appeals bond — terms were not ...

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  • 05 Apr
  • The Real Deal
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REDA Residential buys Fox Hills Plaza in Culver City for $49M

REDA Residential and an undisclosed investor have bought a 68,000-square-foot shopping center in Culver City for $49 million, with plans to redevelop it for homes. The unit of Newport Beach-based Real Estate Development Associates and ...

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  • 05 Apr
  • The Real Deal
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Brookfield’s Beaudry DTLA rents units with “exceptional” perks

After topping out in April 2022, Brookfield Properties’ Beaudry DTLA apartment tower was hailed as the post-pandemic recovery story for Downtown Los Angeles. The imposing, 64-story tower at 960 West 7th Street with 785 units has become ...

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  • 05 Apr
  • The Real Deal
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LA City Council to vote on Midwood apartments at Sportsmen’s Lodge

Midwood Investment & Development is ready to bulldoze the historic Sportsmen’s Lodge in Studio City and replace it with 520 apartments. The Los Angeles City Council will decide on April 3 if the New York-based investor can tear ...

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  • 05 Apr
  • The Real Deal
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Brookfield to buy 70 acres in Irvine to build more than 1,200 homes

Brookfield is poised to buy 70 acres of land from the City of Irvine for $654 million, with plans to build more than 1,200 homes in what could be the last single-family residential village in the city.  The city approved the land deal ...

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  • 05 Apr
  • The Real Deal
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EQT Exeter spends $197M to buy Fontana warehouse from Manulife

EQT Exeter has bought a warehouse in the Inland Empire city of Fontana for $197 million.  Manulife Investment Management sold the 819,000-square-foot industrial property, according to an announcement from JLL, which brokered the deal, ...

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  • 04 Apr
  • The Real Deal
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Arnel pays $1.2M to settle allegations of keeping tenant deposits

Arnel Management has agreed to pay nearly $1.2 million to settle a state charge that it illegally withheld security deposits from apartment tenants, the state attorney general announced. The Costa Mesa-based company led by Kevin Hauber ...

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  • 04 Apr
  • The Real Deal
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Office availability in greater LA market hits record 28% 

Despite an uptick in office leasing across greater Los Angeles, office availability has hit an all-time high, with landlords facing a sharp decline in office property values. Office availability rose 0.9 percent to 27.6 percent in the ...

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  • 04 Apr
  • The Real Deal
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