Los Angeles

Discovery Labs is targeting major markets across the US and also has several international locations in its plans as well. Target domestic markets include: Boston; New York City; Northern New Jersey; Washington, DC; Raleigh-Durham, NC; Chicago, Houston, Austin, San Diego, Los Angeles, San Francisco and Seattle.

Demand is increasing for high-rise-style apartment living, and it could be a catalyst for more condo development.

The Los Angeles-based commercial and industrial investment firm sold the property, which is fully leased to True Value, to a joint venture of Brennan Investment Group, LLC of Chicago and Greenwich, CT-based Arch Street Capital Advisors, LLC.

The 90,000-square-foot medical office building is located across from the Providence Cedars-Sinai Tarzana Medical Center.

In a strategy to acquire small properties, the investor buys a seven-property multifamily portfolio for $79 million.

New insurance technology allows owners to eliminate the need for security deposits, which has big benefits for both renters and owners.