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LOS ANGELES—Elite Real Estate secures $21 million in financing to develop an 80,000-square-foot apartment complex, the largest built in the upscale submarket in more than a decade.
LOS ANGELES—In this <b>EXCLUSIVE</b> Q&A, AssetAvenue's David Manshoory talks about the history and rise of peer-to-peer lending in commercial real estate, and why institutional capital is now taking note.
LOS ANGELES—In a private transaction, an 88,000-square-foot triple-net-leased Kohl's retail store trades hands for a 4.8% cap rate, beating the previously lowest cap rate by 50 basis points.
SAN DIEGO—Locally based Trigild chairman and CEO along with general counsel talks about what nuances savvy investors need to understand in this <b>EXCLUSIVE</b> commentary.
NEWPORT BEACH, CA—Speakers at the Money Chase, which featured a panel of capital experts, say that today's low-interest-rate environment is like money in the bank for investors, and they're not concerned about long-term rates.
SAN DIEGO—Adaptive re-use is the order of the day in San Diego for developers looking to breathe new life into older buildings by converting them to residential, HFF's Tim Wright tells GlobeSt.com in this <b>UPDATE</b>.
LAKE FOREST, CA—GlobeSt.com learns <b>EXCLUSIVELY</b> that an affiliate of Menlo Equities LLC has purchased a 76,841-square-foot office asset here, following its recent acquisition of Campus South County in Foothill Ranch, CA.
HOUSTON—MCR Development LLC, the seventh-largest hotel owner-operator in the country, has completed a renovation of the TownePlace Suites by Marriott Houston Intercontinental Airport, a 134-suite extended-stay hotel located at 4015 Interwood North Parkway, in a continued push to enhance the overall guest experience and drive RevPAR growth, a core company strategy.
NEW YORK CITY—A storage space purchased in the Downtown portion of the city's hottest borough will become office space, an asset class mostly lacking in the area.