Thousands of apartments set to take over empty office buildings with new L.A. ordinance

Thousands of apartments set to take over empty office buildings with new L.A. ordinance

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 Secures M in Financing for DC Residential Conversion

Newmark Secures $64M in Financing for DC Residential Conversion

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 »
M Loan Funds Bushburg Plan for Resi Conversion of FiDi Office Tower

$78M Loan Funds Bushburg Plan for Resi Conversion of FiDi Office Tower

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 »
Los Angeles Ranks in Top 10 Self-Storage Conversion Markets

Los Angeles Ranks in Top 10 Self-Storage Conversion Markets

When it comes to converting real estate into self-storage facilities, L.A. leads the way.  Los Angeles is one of the top markets in the country for redeveloping properties into self-storage, L.A. Business... Read more »
Prime Finance Provides 5 Million for Conversion

Prime Finance Provides $195 Million for Conversion

Jamison has landed key financing for the conversion of an office tower in downtown Los Angeles into housing. The Koreatown-based firm has secured $195 million from Prime Finance for the transformation of... Read more »
Here’s The Real Secret To Increasing Your Lead Conversion Rates

Here’s The Real Secret To Increasing Your Lead Conversion Rates

If you want better lead conversion rates in your real estate business, stop chasing volume, and start delivering real relevance, Josh Ries writes. At every stage of the client lifecycle, one thing... Read more »
Jamison, Arc Capital Team on Koreatown Office-to-Residential Conversion

Jamison, Arc Capital Team on Koreatown Office-to-Residential Conversion

Jamison is partnering with Arc Capital Partners on the adaptive reuse of 3325 Wilshire Blvd., a 1950s-era office building in Los Angeles’ Koreatown. The 233,000-square-foot property will be redeveloped into 236 apartments... Read more »
CIM Group’s CMCT Completes Partial Apartment Conversion of LA Offices

CIM Group’s CMCT Completes Partial Apartment Conversion of LA Offices

CMCT, a REIT operated by affiliates of CIM Group, completed the conversion of the top two floors of a three-story, approximately 143,000-square-foot office building at 4750 Wilshire Blvd. into 68 luxury apartment... Read more »
TGS Management Plans Office-Warehouse Conversion in Irvine

TGS Management Plans Office-Warehouse Conversion in Irvine

TGS Management wants to convert a former university campus in Irvine into warehouses. The locally-based quantitative hedge fund led by billionaire C. Frederick Taylor has filed plans to redevelop the former satellite... Read more »
Jamison, Arc Capital Team on Koreatown Office-to-Residential Conversion

TGS Plans Office-to-Industrial Conversion in Hometown of Irvine

Hedge fund TGS Management LLC plans to convert a pair of offices in Irvine, which were formerly the South Orange County campus for California State University, Fullerton, into a warehouse, reported the... Read more »