RealEstateRama Authors Posts by The Hoyt Organization
Circa, one of Downtown Los Angeles’ most dynamic mixed-use developments, has illuminated 18,000 square feet of LED displays that span the length of a city block and dazzle thousands of daily visitors as the project approaches its anticipated summer grand opening.
March 20, 2018 – Nadel Architects (Nadel), an international architectural design firm headquartered in Los Angeles, has hired Mark Brower as studio director, spearheading the firm’s education, health care and Native American community design studios. Based in Sacramento, Brower brings more than 30 years of experience in architecture and construction, specializing in facilities for education, health care and Native American communities, broadening Nadel’s range of expertise and further bolstering the firm’s presence in Northern California.
HGA Architects and Engineers (HGA) is pleased to welcome Craig McInroy, AIA, as Associate Vice President and Healthcare Principal in the San Francisco office. He will help direct strategic growth and client relations for the office’s Healthcare Practice Group serving clients in northern California.
Pircher, Nichols & Meeks LLP (Pircher), a national real estate law firm with offices in Los Angeles and Chicago, announced today that one of its founding members, Phillip G. Nichols, has been named Lawyer of the Year for Real Estate Law in Los Angeles by Best Lawyers®. Nichols was previously honored with this award in 2012 and has been recognized by Best Lawyers® since 2001
Bridge loan term will allow property to complete lease-up. Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market and large-scale commercial real estate developers and investors, has arranged a $13 million non-recourse bridge loan on a 14-level, Class-A parking structure in Downtown Los Angeles
Auction.com announced today that it has rebranded as Ten-X, marking the company’s transition into an online marketplace where buyers, sellers, and the agents and brokers who represent them can easily and efficiently buy and sell high quality residential and commercial real estate. The company also announced plans to introduce new transaction platforms in March that will give sellers the option of choosing to transact either using an online auction or a more traditional non-auction process online.
Venice and Westwood-Century City See Sizable Increases In Luxury Home Sales in November, According...
Sotheby’s International Realty’s November 2015 Greater Los Angeles Market Report revealed that Venice and Westwood-Century City doubled the number of $3 million+ homes sold from September to November compared to the same period last year.
A Spanish-inspired live/work space has officially arrived with the announcement of “El Jardin,” a new building located in the historic Presidio neighborhood in downtown Santa Barbara. The four-story development at 819 Garden Street, which is co-listed by Sotheby’s International Realty and Hayes Commercial Group, is designed for the business owner or CEO seeking a professional office space and a private home all in one place.
HGA Architects and Engineers (HGA), an integrated architecture, engineering and planning firm, announced today that renowned design leader, John Frane, has joined the firm as an associate vice president and principal in the Los Angeles office. As a design principal, Frane will continue his pursuit of high design work, combining his arts and culture-based experience with HGA’s extensive national resume of work in this arena.
Dekel Capital Arranges $50 Million Financing for Development of 331-Unit Multifamily Property in Salt...
Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market commercial real estate developers and investors, has placed $50 million in financing for the construction and development of the Pinnacle Sandy Apartments in the southeast corridor of the Salt Lake City metropolitan area. The deal was structured as a $36.1 million construction loan through Dekel Capital’s advisory practice and $13.9 million JV-Equity funded by the firm’s proprietary equity fund, Dekel Strategic Investors (DSI)
Sotheby’s International Realty today released its Greater Los Angeles Market Report which revealed Pacific Palisades as the top luxury market ($3 million and higher) with a 94 percent increase in single family home sales in October 2015. Westwood and Cheviot Hills saw the second largest increase in luxury home sales with a 50 percent increase and Beverly Hills Post office followed with a 46 percent increase.
Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, announced the acquisition of the Avondale Fiesta shopping center for $7.6 million. The Kroger shadow-anchored center is 34,129-square-feet and is located at 11435 West Buckeye Road in Avondale, Arizona, in the greater Phoenix area.
Sotheby’s International Realty today released its August 2015 Greater Los Angeles Market Update which showed the Beverly Hills market ranking with the highest percent increase of luxury homes sold year over year during June-August 2015 across the leading 33 Greater Los Angeles markets. Two submarkets in particular made the top five for the June-August 2015 report: Beverly Hills Post Office with an 85 percent increase and Beverly Hills proper with an 83 percent increase in single-family luxury home sales ($3 million and higher) as compared to the same time period last year.
LOS ANGELES - November 25, 2014 - (RealEstateRama) -- Los Angeles Headquarters Association (LAHQ), one of the city’s premiere business associations, has named Randy Soewers as its 2015-16 president. An associate vice president in the LA offices of global architectural firm RTKL, Soewers’ international experience in the business community will be a driving force for the organization, which is focused on highlighting Los Angeles as an international business hub.
WASHINGTON, D.C. - November 19, 2014 - (RealEstateRama) -- StarPoint Properties, an industry leader in acquiring, developing and re-positioning multifamily projects, has purchased the $51.75 million Lafayette Parc Apartments in West Covina, California. The 236,000-square-foot property is comprised of 259 units and is located at 624 South Glendora Ave. The name of the seller was not disclosed.