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Gelt and Uhon Secure $83 Million Bridge Loan for Watermark Project

Real estate developers Gelt Inc. and Uhon have secured $83 million in bridge refinancing on behalf of its joint venture The Watermark Apartments in Reseda.

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Apple Treeโ€™s Seed Money

Tax credit helps buy, rehab low-income apartments.

Hunt Capital Partners announced in November that it had closed a $13.7 million federal low-income housing tax credit equity financing for the acquisition and rehabilitation of Apple Tree Village.

Flood of Phone Calls Followed by Gains

In a two-day period, Steve Davis fielded150 phone calls from clients with questions.

Wealth manager Steve Davis can attest that 2020 was a year unlike any other.

Westlake Village Office Building Bought for $8.7 Million

A 45,464-square-foot office building in Westlake Village has sold in an off-market deal for $8.67 million.

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Public Storage Completes Phase I of $528-million Acquisition

Public Storage, the Glendale-based developer and operator of self-storage properties, has closed the first phase of its acquisition of the Beyond Self Storage portfolio for $528 million.

Biotech Corridorโ€™s Central Hub

Newbury Park enjoys brisk market for sales and leases of industrial sites.

Biotech drives Newbury Parkโ€™s thriving industrial real estate landscape. In fact, Lee & Associates industrial brokers Grant Fulkerson and Mike Tingus refer to Newbury Park as the medical technology corridor.

Not Much Vacancy at Newhall Crossings

Residential component rents all apartments โ€“ but adjacent movie theater remains empty in pandemic.

It was supposed to be a summer 2020 celebration โ€” the simultaneous ribbon-cutting of the mixed-use residential and retail complex Newhall Crossings and a brand new, seven-screen Laemmle Theatres arthouse cinema was going to usher in a new commercial enterprise in the heart of Newhall that has been under construction since 2018.

21st Century Cartoons Coming From Netflix

Streamer leases 171,000 square feet for animation studio.

Streaming leader Netflix Inc. shocked the real estate industry in September when it announced that it had signed 2020โ€™s biggest commercial real estate lease in the Greater Los Angeles area in Burbank, where the Los Gatos-based company will open its first animation studio.

Game of Towers

DEVELOPMENT: Another office building is latest deal between financier Blackstone and developer Jeff Worthe.

Call it a โ€œtowering achievement.โ€

Rexford Buys 18 Buildings Near Van Nuys Airport for $155 Million

Rexford Industrial Realty Inc. has acquired an industrial property portfolio in the Van Nuys Airport Industrial Center for $154.6 million.

Developer Plans Five-Story Multifamily Complex in Canoga Park

Developer Alliant Strategic has proposed a five-story multifamily complex to replace an existing office building in Canoga Park.

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Rexford Buys Sylmar Property for $42.6 Million in Portfolio Deal

As part of a two-property transaction, Rexford Industrial Realty Inc. has acquired a Sylmar property at 13943-13955 Balboa Blvd. for $42.6 million.

Camarillo Apartment Complex Sells for $96 Million

In Camarillo, a 213-apartment complex known as Las Positas has garnered $95.75 million, or $449,530 per unit.

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Glendale Man Sentenced for Credit Card Fraud

A Glendale man on Tuesday was sentenced to 84 months in federal prison after pleading guilty to running a series of credit card scams which defrauded over 20 banks out of nearly $5 million.

Chamber Talks Homebuying in 2020

Low interest rates, equity make it a buyersโ€™ market.

Capitalizing on a third-quarter residential real estate boom, Van Nuys-based Filipino-American Chamber of Commerce held its annual real estate panel on Oct. 21.

$22 Million Buys Sylmar Business Park

Rexford Industrial Realty plans for redevelopment.

Rexford Industrial Realty has purchased an industrial park in Sylmar for $22 million, according to a statement from real estate brokerage Newmark.

Large Companies Learn to Ratchet Up Growth

LIST: Expansion at scale occurs in essential sectors such as tools and trucking.

Itโ€™s a major milestone for small businesses to execute a strategy for fast growth, but large companies in the Valley have learned to grow at double-digit rates despite their bulk.

PaymentCloud

PaymentCloud

While 2020 has slowed down many businesses, the clouds may be the limit for Sherman Oaks-based PaymentCloud.

Reveleer

Reveleer

Reveleer is a medical data platform for health plans that facilitates government compliance and risk management.

IPI Construction

IPI Construction

IPI Construction works on building projects for the U.S. military and local governments.