Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
LOS ANGELES—Two new-construction developments in Sherman Oaks and West Hollywood secure debt and equity financing to fund the projects, which have a total cost of $70 million.
LOS ANGELES—Through its two investment funds, Los Angeles-based JRK Investors acquires six multifamily properties in markets throughout the country so far this year, and plans to spend $1 billion before the year's end.
LOS ANGELES—Private investor Kambiz Hakim acquires the 48-unit complex in the Hollywood Hills for the value-add opportunity, GlobeSt.com reports <b>EXCLUSIVELY</b>.
LOS ANGELES—A local investor buys a 36-unit, 90%-occupied apartment complex with plans to reposition the property into a mixed-use complex, in a transaction that closed in 17 days.
BURBANK, CA—Tourmaline Capital acquires Plaza del Sol, a 166,216-square-foot shopping center anchored by a grocery store, from an affiliate of Barco Real Estate Management.
LOS ANGELES—CaRE EB-5 Regional Center and NMS Capital partner to serve as the financial advisor for the development of the four-story, 200-room extended-stay hotel.
LOS ANGELES—The investment manager hires Crane as director of the west coast acquisitions group in Los Angeles, which he will co-head with director Dean Rostovsky.
SANTA BARBARA, CA—Yardi clients can now purchase thousands of Home Depot products and services through Yardi's Procure to Pay platform, a payment and invoice processing service.