Author: Bob Howard
Executive Bio
is a Southern California-based reporter for GlobeSt.com who has specialized in the commercial real estate industry for nearly 20 years. Before that, he was a business reporter in Los Angeles. Before specializing in business and real estate, he was a reporter for daily newspapers in California and Pennsylvania. Contact Bob Howard.
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Archive
Primestor Refis 248,000-SF Center for $42M
WALNUT PARK, CA-The Beverly Hills-based company refinances its La Alameda Shopping Center with a 10-year insurance company loan arranged by Pacific Southwest Realty Services of Los Angeles. FULL STORY
BRC Advisors Opens SFV Office, Plans More
ENCINO, CA-VP Mark Groves of BRC tells GlobeSt.com’s Bob Howard that the Downtown L.A.-based company plans other new offices in Irvine and Calabasas as it continues to expand. FULL STORY
SCI-Arc Buys Arts District Campus for $23M
LOS ANGELES-The Southern California Institute of Architecture acquires its campus in Downtown Los Angeles for $23.1 million in this roundup of commercial real estate news in the West. FULL STORY
KTR Capital Buys 1M SF of Industrial for $47M
SAN BERNARDINO, CA-The New York City-based investor acquires two industrial buildings from Hillwood Investments in an Inland Empire sale negotiated by CB Richard Ellis. FULL STORY
Equity Residential Pays $100M for 322 Units
LOS ANGELES-The Chicago-based REIT acquires the Pegasus apartment tower from Buchanan Street Partners and the Kor Group in one of the largest ever Downtown L.A. multifamily deals. FULL STORY
Grubb REIT Buys MOBs, Nursing Facility for $32M
SANTA ANA, CA-Grubb & Ellis Healthcare REIT II buys the three properties in Arizona, Texas and Florida for $32 million in three separate transactions. FULL STORY
Port Names Forest City for Pier 70 Development
SAN FRANCISCO-The Port of San Francisco chooses Forest City California Development as developer of the 25-acre Pier 70 waterfront site. FULL STORY
Emmett Pays $42M for 74,000-SF Office Building
BEVERLY HILLS, CA-The office REIT acquires the 150 S. Rodeo Dr. office building from New York City-based Brickman in a sale arranged by the Cushman & Wakefield Capital Markets Group. FULL STORY
Williams/Dame JV Plans 377-Room Marriott
LOS ANGELES-A partnership led by Williams/Dame and Associates plans the 22-story hotel tower, adjacent to L.A. LIVE, which will house two Marriott International hotel brands: Courtyard by Marriott and Residence Inn by Marriott. FULL STORY
Terramar Refis 296,000 SF for $61M
SAN JOSE-The San Diego-based shopping center investor and developer refinances its El Paseo de Saratoga, a grocery-anchored center here. FULL STORY
