TORRANCE, CA-L&B Realty buys a 98% occupied portfolio for north of $38 million from an institutional investor.

LOS ANGELES, CA-The new loan replaces high-interest debt on Kennedy-Wilson four-building portfolio in downtown Burbank and LA’s Miracle Mile.

BEVERLY HILLS, CA-The proceeds will pay down debt, and provide funding for purchases and investments.

SANTA MONICA, CA-Prudential Mortgage and Northwestern Mutual both contribute $100 million toward the seven-year, fixed-rate mortgage.

PASADENA, CA-The 84-unit property, Mark Pasadena, has the potential for upgrade, increased rental income.

NEWPORT BEACH, CA-Fannie Mae closes the deal on two multifamily buildings in 30 days for the first-time borrower.

SAN DIEGO-The buyer says the building, which dates back from 1980, could not be replaced in today’s market.

EL SEGUNDO. CA-The Satellite TV provider takes space in three adjoining buildings to create ‘campus-like feeling.’