#property-acquisition

[ follow ]

Mendocino Town of Point Arena Being Rocked By City Councilmember Buying Up Properties With LLCs

Point Arena is experiencing significant property acquisitions by City Councilmember Jeff Hansen through LLCs, resulting in displacement of tenants and rising rents.
#real-estate

Developers grab big Campbell sites where housing projects are planned

Two real estate firms purchase properties in Campbell for over 100 residences.
Essential Housing and Pulte Homes to develop 106 units; KB Home to build 40 townhomes.
Combined purchase price was $59.9 million.

New Owner of Home Where Matthew Perry Died Breaks Her Silence as She Poses for Photos Next to Pool Area Where His Body Was Found

Anita Verma-Lallian, the new owner of Matthew Perry's home, aims to honor his legacy while making changes, preserving some unique elements of the property.

Josh Flagg enters contract for Charlie Puth's Trousdale Estates home

Josh Flagg is set to purchase Charlie Puth's home in an off-market deal, highlighting his real estate prowess.

NYC cabaret legend Michael Feinstein buys LA home for $2.72M

Michael Feinstein and partner Terrence Flannery purchased a $2.72 million home in West Hollywood, celebrating their return to the area they cherish.

Greenlaw, Walton Lose OC Office to TPG Through Deed-in-Lieu

Walton Street Capital and Greenlaw Partners defaulted on $64 million debt for a 350,000-square-foot office tower in Orange.
TPG acquired the property after Walton Street and Greenlaw signed a deed-in-lieu of foreclosure, relieving them of the unpaid debt.

Developers grab big Campbell sites where housing projects are planned

Two real estate firms purchase properties in Campbell for over 100 residences.
Essential Housing and Pulte Homes to develop 106 units; KB Home to build 40 townhomes.
Combined purchase price was $59.9 million.

New Owner of Home Where Matthew Perry Died Breaks Her Silence as She Poses for Photos Next to Pool Area Where His Body Was Found

Anita Verma-Lallian, the new owner of Matthew Perry's home, aims to honor his legacy while making changes, preserving some unique elements of the property.

Josh Flagg enters contract for Charlie Puth's Trousdale Estates home

Josh Flagg is set to purchase Charlie Puth's home in an off-market deal, highlighting his real estate prowess.

NYC cabaret legend Michael Feinstein buys LA home for $2.72M

Michael Feinstein and partner Terrence Flannery purchased a $2.72 million home in West Hollywood, celebrating their return to the area they cherish.

Greenlaw, Walton Lose OC Office to TPG Through Deed-in-Lieu

Walton Street Capital and Greenlaw Partners defaulted on $64 million debt for a 350,000-square-foot office tower in Orange.
TPG acquired the property after Walton Street and Greenlaw signed a deed-in-lieu of foreclosure, relieving them of the unpaid debt.
morereal-estate
#real-estate-development

Trammell Crow buys Northridge plot entitled for 350 apartments

Trammell Crow Company secures site at Northridge Fashion Center for 350 apartments without entitlement process.

JPI Buys Apartment Parcel at Long Beach Mall Redevelopment

JPI acquired a site for 272 apartments at the redeveloped City Place mall in Long Beach.

Trammell Crow buys Northridge plot entitled for 350 apartments

Trammell Crow Company secures site at Northridge Fashion Center for 350 apartments without entitlement process.

JPI Buys Apartment Parcel at Long Beach Mall Redevelopment

JPI acquired a site for 272 apartments at the redeveloped City Place mall in Long Beach.
morereal-estate-development
#real-estate-investment

Decron Properties Buys Phoenix Multifamily After LA Sales

Decron Properties shifted investments from Los Angeles to Phoenix by selling assets in Thousand Oaks for a Phoenix property, using a 1031 exchange to defer capital gains taxes.

Buyers Revealed for Third Street Promenade Storefronts

Federal Realty Investment Trust sold eight parcels along Santa Monica's Third Street Promenade to two buyers outside real estate, with Daniel Negari of XYZ.com acquiring seven parcels.
Negari spent a combined $84.5 million for the parcels, including a 24,600-square-foot building on Arizona Avenue bought at over $900 per square foot.
United El Segundo, a gas station-operator-turned-developer, acquired the other parcel for $19.5 million and has plans for a digital billboard-wrapped office building on Sunset Boulevard.

Decron Properties Buys Phoenix Multifamily After LA Sales

Decron Properties shifted investments from Los Angeles to Phoenix by selling assets in Thousand Oaks for a Phoenix property, using a 1031 exchange to defer capital gains taxes.

Buyers Revealed for Third Street Promenade Storefronts

Federal Realty Investment Trust sold eight parcels along Santa Monica's Third Street Promenade to two buyers outside real estate, with Daniel Negari of XYZ.com acquiring seven parcels.
Negari spent a combined $84.5 million for the parcels, including a 24,600-square-foot building on Arizona Avenue bought at over $900 per square foot.
United El Segundo, a gas station-operator-turned-developer, acquired the other parcel for $19.5 million and has plans for a digital billboard-wrapped office building on Sunset Boulevard.
morereal-estate-investment

Controversial landlord wants to buy six more troubled Skid Row properties

AIDS Healthcare Foundation to buy properties from failed Skid Row housing trust for $27 million, continuing to operate as housing for formerly homeless residents.

Florida lawyer uses 'unorthodox foreclosure auction' tactics to ensure clients get deals on property, report says

Lawyer in South Florida uses unconventional foreclosure auction tactics to help clients acquire property at lower values.
The lawyer's methods involve paying off condo debts and leveraging legal loopholes for advantageous outcomes.

Planned Parenthood LA Buys Industrial Building for $38M

Planned Parenthood Los Angeles purchased a 73,600-square-foot building in Historic South Central for $37.9 million.
The building was bought from New York-based Fortress Investment Group at $515 per square foot.

TRC Retail Pays $66M for La Canada Town Center

TRC Retail acquires La Canada Town Center for $66 million, paying $574 per square foot.
Retail property market in L.A. County is experiencing a decline, with reduced asset sales and leasing activity.

San Ramon property deal clears the way for new housing development

Lennar Homes has purchased property near Bishop Ranch in San Ramon to build a residential project.
The development site, currently occupied by two office buildings, has been bought for $40.5 million by affiliates connected to Kennedy Lewis Investment Management and Lennar Homes.

Downtown Commission members suggest city pursue legal action against Union Pacific Railroad - Austin Monitor

Downtown Commission supports using legal action, including eminent domain, to acquire property near the Seaholm District.
Plans include widening a trestle bridge, creating a public plaza, and making various safety improvements in the area.

Fortinet grabs Texas Instruments South Bay campus for $190 million-plus

Fortinet has purchased a large tech campus in Santa Clara for $192 million, extending their Silicon Valley footprint
This purchase marks the largest single amount that Fortinet has paid for a property in their buying spree

NYC real estate firm gains full control of big chunk of San Jose land

DLJ Real Estate Partners has purchased a 115-acre plot of land in south San Jose for $5 million.
It is unclear if the property will be developed as there are proposals to change its zoning to open space.
[ Load more ]