The World Trade Center in Downtown Los Angeles is in the spotlight as Mayor Karen Bass touts the city’s recently approved adaptive reuse ordinance. Bass stopped at the office complex at 350... Read more »
Compass Capital Investments has acquired RB Medical Plaza, a two-building, 75,598-square-foot office and medical asset located in San Diego. The property was acquired for $18,250,000, or $241 per square foot. The new... Read more »
CSC Real Estate has secured a $108-million construction loan from SCALE Lending, Slate Property Group’s debt financing arm, to support the residential conversion of 770 Second Ave., a 17-story, 237,000-square-foot property in... Read more »
Los Angeles–based Eagle Real Estate Partners has kicked off a new co‑investment partnership with TriPost Capital Partners with two apartment acquisitions. In March, Eagle and its institutional partners acquired the Hendrix and... Read more »
Thorofare Capital, a national commercial real estate debt manager and affiliate of Callodine Group, has closed on two floating-rate senior mortgage loans totaling $74.23 million in Southern California. The financings include an industrial... Read more »
RXR, in partnership with One Investment Management, has closed on more financing for the $500-million-plus office-to-residential conversion of 61 Broadway, an office building in Manhattan’s Financial District, into a 796-unit residential tower. Construction... Read more »
Housing production in Los Angeles is poised to pick up even more as a new adaptive reuse law goes into effect this month. The Citywide Adaptive Reuse Ordinance makes it easier for... Read more »
Los Angeles officials just made it easier to convert empty commercial buildings to housing, opening the door to the creation of thousands of apartments across a city clamoring for housing. Developer Garrett... Read more »
Newmark has arranged $64 million in permanent financing for Elle, a newly reimagined high-rise residential development located in Washington, D.C.’s Golden Triangle. Newmark Vice Chairman Brian Kochan, Director John Chobanian and Associate... Read more »
Real estate bridge lender Oak Funding, along with OakNorth Bank, has closed a $78-million co-loan to Bushburg, a vertically integrated real estate firm, to support its acquisition of 100 William St., a... Read more »