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Los Angeles’ iconic “General Hospital” poised for $120M mixed-use overhaul

The Los Angeles County General Medical Center is set for a $120 million overhaul to turn it into the heart of a new health-oriented community.  County supervisors are poised to approve an initial $3.3 million in funding for Centennial ...

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  • 30 Jul
  • The Real Deal
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ParkTerra, Jen Partners buy Axis office complex in Anaheim for $63M

An office campus in Orange County has traded hands ahead of a potential redevelopment into housing.  ParkTerra and Jen Partners bought the three-building Axis property in Anaheim for $62.5 million, L.A. Business First reported. The ...

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  • 29 Jul
  • The Real Deal
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Former Four Points by Sheraton hotel near LAX to become affordable housing

A shut-down hotel near Los Angeles International Airport is set to transform into affordable housing.  The Los Angeles Department of Building and Safety has issued a permit for a proposal to build housing at the former Four Points by ...

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  • 29 Jul
  • The Real Deal
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Seaview Investors gets $55M refi deal for West LA hotel

Seaview Investors has received a $55 million injection to refinance a hotel in West Los Angeles.  Los Angeles-based Mesa West Capital provided an affiliate of Seaview with the five-year, first-mortgage debt tied to the 186-room Burton ...

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  • 28 Jul
  • The Real Deal
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Kilroy Realty sells Santa Monica office building for $40M

Kilroy Realty sold a Santa Monica office building for $40 million, the company reported in its latest earnings release Monday. The June buyer is Washington Capital Management, property records indicate. The real estate investment trust ...

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  • 28 Jul
  • The Real Deal
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Colburn School’s $335M DTLA concert hall expansion tops out

The Colburn School just marked a major construction landmark for its new performing arts complex in Downtown Los Angeles.  The music school has topped out the Colburn Center, a Frank Gehry-designed music venue and rehearsal facility at ...

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  • 28 Jul
  • The Real Deal
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Dedeaux Properties secures logistics tenant for new Fontana industrial property

Dedeaux Properties has secured a tenant for its recently completed industrial project in the Inland Empire.  The Santa Monica-based firm cemented a deal with an undisclosed global third-party logistics company to lease 165,000 square ...

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  • 28 Jul
  • The Real Deal
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Regency Centers scoops up five retail properties in Orange County for $357M

Regency Centers has made a nine-figure retail investment in Orange County.  The Jacksonville, Florida-based real estate investment trust has spent $357 million on a five-property portfolio at the Rancho Mission Viejo master-planned ...

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  • 28 Jul
  • The Real Deal
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Escrow’s big kickbacks problem

Escrow is up to its neck in regulations. Yet, kickbacks within the industry are common and enforcement is difficult. The California Department of Financial Protection & Innovation’s Escrow Advisory Committee has said as much.   ...

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  • 26 Jul
  • The Real Deal
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Ben Ashkenazy’s Beverly Connection catches a break 

Ben Ashkenazy extended a loan backing his Beverly Connection by two years after the debt tied to the Los Angeles power center was stuck in special servicing due to delinquency.  The shopping center was reappraised in December at $193 ...

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  • 26 Jul
  • The Real Deal
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