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More multifamily construction is headed to Koreatown, with Jamison acquiring a development site at 8th and Harvard and CGI Strategies starting construction on a 121-unit apartment community at 269 S. Mariposa Ave. Jamison, which manages a diversified Southern California real estate portfolio of about 18 million square feet of CRE, acquired the assemblage of parcels at the corner of 8th Street and Harvard from a private investor for $14 million...
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More creative office space may be heading to the Third Street Promenade after a joint venture of two Beverly Hills investors bought the Adidas and Burn Fitness building on the popular Santa Monica shopping street for $30.3 million. The buyers, Golden West Properties and Starpoint Properties, bought the 30,450-square-foot building at 1231-1233 Third St. Promenade from private family-operated San Diego Promenade Investors LLC. The sale, at $995...
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Eric Hasserjian has joined NAI Capital Management as president and CEO. The former managing director of asset services at CBRE, Inc. will be based in NAI Capital’s West Los Angeles office. Hasserjian, who has three decades of industry experience, will lead the agency’s leasing in Southern California. NAI Capital’s headquarters is in Encino, CA. The full-service property management firm offers property owners property management and value...
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Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.
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Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they’re giving health clubs some of their best real estate.
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Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.
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