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.
BURBANK, CA—Interstate Equities Corp. buys a 34-unit value-add multifamily property that is walking distance to Downtown Burbank with plans to renovate the property and raise rents by $500 per unit.
BEVERLY HILLS, CA—A 36,000-square-foot development in Beverly Hills secures $23 million, another sign that more and more lenders are looking to finance projects in high barrier-to-entry markets.
LOS ANGELES—The Vines, a 164-unit class-A multifamily complex, trades hands for $55.5 million, or $338,628 per unit, the highest price paid per unit in Ventura County for the past 10 years.
MANHATTAN BEACH, CA—C.W. Driver completes construction of the $19 million Manhattan Beach Library, a LEED-certified project that they helped design and build—a trend that is becoming more common for builders.
LOS ANGELES—The 1Q15 numbers are in, and they show that the office market is the strongest it has been in several years, according to Lee & Associates' CEO Jeff Rinkov.
LOS ANGELES—The investor secures a $49.9 million loan to acquire the 302,628-square-foot office building and perform renovations to the lobby and interior units, GlobeSt.com reports <b>EXCLUSIVELY</b>.
SAN BERNDARDINO, CA—San Bernardino County welcomes 1.2-million square feet of retail development in a total of five projects, with national retailers serving as anchor tenants.
LOS ANGELES—JH Real Estate Partners buys the Hawaiian Gardens Town Center, a 124,645-square-foot grocery-anchored shopping center, for $33 million in a competitive transaction that drew multiple offers.
CHICAGO—The limited supply in the retail market is compressing cap rates and creating a competitive bidding environment, according to InvenTrust Properties' Michael Podboy, who talks about the market and how his firm is staying competitive.
LOS ANGELES—Rexford Industrial acquires an infill single-tenant facility and an infill 10.26-acre paved storage facility in two off-market transactions.