ASB Real Estate Investments acquired a prime Hollywood Boulevard property. The purchase was made on behalf of ASB’s Allegiance Fund, a $2.2 billion core, open-end real estate vehicle.
Real estate investment and services firm Kennedy Wilson has completed fundraising for Kennedy Wilson Real Estate Fund IV with capital commitments of $303 million, including $15 million from Kennedy Wilson....More
ASB Real Estate Investments acquired a prime Hollywood Boulevard property. The purchase was made on behalf of ASB’s Allegiance Fund, a $2.2 billion core, open-end real estate vehicle....More
Regency Centers Corp. broke ground on a grocery-anchored shopping center in South Central Los Angeles during a ceremony at Juanita Tate Marketplace....More
Menlo Equities has purchased the 198,532-sq.-ft. office building at 101 N. Sepulveda in El Segundo, Calif. Terms of the deal were not disclosed....More
Colliers International has been selected to manage two high-street luxury retail buildings in Beverly Hills, Calif. The properties, which are owned by Grosvenor Americas, are located in the Rodeo Drive corridor and house Harry Winston and Bebe....More
The landmark retail property located at 1486 East Valley Rd. in Santa Barbara, Calif. has been sold for $16 million. The seller was 1486 East Valley Road LLC, while the buyer was an international fund, US 3N LLC....More
Rexford Industrial has purchased a 100,851-sq.-ft. distribution warehouse in the South Bay area of Los Angeles. The building, located at 1661 West 240th St., sold for $5.27 million in a short-term sale lease-back deal....More
Construction is complete on the adaptive reuse project for the Long Beach Press-Telegram Building. RXR Realty plans to complete a major capital improvement and renovation program at the iconic 75 Rockefeller Plaza. And according to an analysis conducted by the Electric Power Research Institute (EPRI), consumers who purchase an electric vehicle will find that costs to own the vehicle are competitive with conventional and hybrid vehicles....More
BentleyGlobal, a new commercial real estate brokerage and advisory firm, has launched. Located in Century City, Calif., the company is being helmed by Andy Stewart, CEO and founding principal....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?