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LOS ANGELES—With properties in the highly sought-after Koreatown neighborhood, the key to closing this complicated 1031 multifamily exchange, totaling $64.2 million, was to find the upleg first.
PHOENIX—Companies such as Daikin Applied are relocating to the Phoenix metro in response to tax incentives, pro-business attitude and other quality of life issues.
LOS ANGELES—For the first time, RealtyMogul.com completes a full capital stack transaction, combining debt and equity financing for the purchase of a 112-unit apartment complex.
BOSTON—The Davis Companies president Richard McCready says the firm has for some time considered entering the hotel sector, but not until now had a property become available that met all its investment criteria.
SEATTLE—Demand, driven to a great degree by Puget Sound technology firms, which employ more than 131,000 people locally, has pushed office vacancy to its lowest level in 10 years.