Los Angeles
Development Site Is Expected to Fetch $30M
LOS ANGELES-The contiguous parcels of land in Santa Monica are zoned under the Land Use & Circulation Element, which encourages mixed-use development on the site. FULL STORY
Retail Property Sector Defies Expectations
EXCLUSIVE ENCINO, CA-Space absorption improved for the ninth consecutive quarter, while construction starts fell to their lowest levels in 20 years, says a report. FULL STORY
Hackman, Oaktree Affiliate JV To Energize Redevelopment Projects
LOS ANGELES-Capital will now be infused to fund building improvements and enhance leasing efforts, for Hackman’s 26-property national industrial portfolio. FULL STORY
Two Apartments On Block, May Fetch $77M-Plus
LOS ANGELES-Arbors Land Partners LLC and GID are separately selling two apartments in the L.A. area; both attractive opportunities for opportunistic investors, says Hendricks & Partners. FULL STORY
City Gets First New Office Development in 20 Years
PLAYA DEL REY, CA-Cove Spring Partners begins construction on the Strand Offices at Playa del Rey, a project that will include two three-story buildings here. FULL STORY
Firm Arranges Two Finance Deals, Plans to Expand Personnel
EXCLUSIVE BEVERLY HILLS, CA-Lucent Capital arranges two $12-million deals in Southern California, moves to larger offices, and plans new hires as it anticipates a ‘big spike in transaction volume this year.’ FULL STORY
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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.
