#property-acquisition

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therealdeal.com
3 days ago
LA real estate

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. [ more ]
therealdeal.com
4 weeks ago
LA real estate

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. [ more ]
therealdeal.com
1 month ago
LA real estate

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. [ more ]
therealdeal.com
1 month ago
LA real estate

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. [ more ]
therealdeal.com
1 month ago
LA real estate

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. [ more ]
Los Angeles Times
1 month ago
Los Angeles

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. [ more ]
ABA Journal
1 month ago
Law

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. [ more ]
www.mercurynews.com
3 months ago
East Bay (California)

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. [ more ]
www.mercurynews.com
3 months ago
East Bay (California)

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 [ more ]
Austin Monitor
3 months ago
Austin

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. [ more ]
www.mercurynews.com
5 months ago
Silicon Valley real estate

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. [ more ]
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