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LOS ANGELES-Wilshire State Bank, a community bank with a focus on commercial real estate lending and general commercial banking, has reported record first quarter net income of $1.9 million, resulting from increased lending activity and a continued focus on building core deposits.
ONTARIO, CA-MKJ Milliken Commerce Center, LLC, a Whittier-based developer and affiliate of Capital America, LLC, has purchased 9.22 acres in Ontario for $2 million. MKJ Milliken bought the property from Prologis. The company plans to develop two industrial buildings on the site.
KOREATOWN, CA- Hanover Financial Co. and Upside Investments Inc. sell the La Fayette Park Place Apartments to 1031 Reverse Exchange Co. The apartments sell for roughly $130,000 per unit. Leasing began at the end of last year and currently the complex is close to fully occupied.
SANTA FE SPRINGS, CA-Pro Colors Inc. has signed a three-year lease renewal for 18,532 sf of industrial space at 10510 Hathaway Dr. in the Hathaway II Business Park. The business says it wanted to stay in the same space because the location is convenient and familiar to their clients.
LOS ANGELES-The owner-operator of lifestyle shopping centers says it is acquiring two shopping centers in Santa Barbara County. The acquisition of La Cumbre Plaza and Paseo Nuevo from Taubman Centers Inc. is slated to close within one week.
LOS ANGELES-A New Zealand multifamily property developer has obtained construction financing for a 39-unit condominium project under way in the Brentwood section of Los Angeles.
LOS ANGELES, CA-Jack Mayesh Wholesale leases 26,000 sf near its headquarters near Los Angeles International Airport. The company is already a tenant in the building.
LOS ANGELES, CA-A nearly 42,500-sf, multi-tenant, industrial park in Gardena, Calif., is purchased by an affiliate of Bergman Industries Inc. The seller is Western Segundo Industrial Center LLP.
EL SEGUNDO, CA-Venture West Funding, a mortgage brokerage, reports a record first quarter with 273 real estate loans placed for $211.3 million. The growth represents a 236% gain in financing volume and an 80% gain in customers over the prior year.
OXNARD, CA-Centex Commercial Development starts construction on two buildings totaling 85,000 sf of new light industrial/manufacturing space in its Northfield Business Park. The value for the two buildings is approximately $5.5 million.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource