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LOS ANGELES-A 20-unit, fully occupied building and a 31-unit apartment complex with one vacancy were sold in six days to the same buyer. The capitalization rates on the deals were 5.2% and 4.8%, respectively.
VAN NUYS, CA-The 87,665-sf office building was 40% occupied during negotiations, but a new tenant signed on during the escrow period, raising occupancy to 75% at the close of sale. The seller was Genesis Properties.
LOS ANGELES-Peter T. Belisle has as svp of development for Jones Lang LaSalle's Southwest region for the past two years. His new role has him heading up Jones Lang LaSalle's entire project and development services group for the Western region.
LONG BEACH, CA-The recently completed retail center is comprised of three buildings containing 67,727 sf of gross leasable area. The Long Beach Marina, immediately to the rear of the center, is one of California's larger public marinas.
WESTWOOD, CA-The 7,500-sf first-run cinema has been bought by ReelCinema, an independent theater operator committed to preserving single-screen theaters.
CALABASAS, CA-Medea Corp. is relocating its headquarters from Westlake Village to the 69,000-sf Malibu Canyon Corporate Center and Business Park. The company is subleasing all but 7,000 sf of the 34,000-sf first floor.
LOS ANGELES-The 236-unit Mark Wilshire Apartments building was erected in 1966. New owner Donald T. Sterling Corp. is planning to spend about $2 million on improvements, including new elevators and electric generator systems.
WESTWOOD, CA-Developer Casden Glendon's plan to build 350 luxury apartments and create 230,000 sf of commercial space here meets opposition from community activists fearing traffic glut.
LOS ANGELES-The two 10-year leases, signed by Playboy and the City of Los Angeles, have a combined value in excess of $24 million. The Los Angeles Media Tech Center is nearly 100% leased.
GLENDALE, CA-The project is expected to reach completion by the fall of 2003. It is on 5.12 acres of land and is the first apartment building built in Glendale since 1989.
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