Nipsey Hussle and his property at 3420 West Slauson Avenue (Credit: Getty Images, Google Maps, Wikipedia, Pixabay) After rapper Nipsey Hussle was shot and killed, Los Angeles celebrated him as a hero and his business partners launched an Opportunity Zone fund to spark development and investment in South Los Angeles. But even though the police […]
Bain Capital teams up with SKW Funding to target $500M in distressed debt
HKS Capital Partners principal Ayush Kapahi and Bain Capital managing director Jeff Robinson (Credit: LinkedIn and Bain Capital) UPDATED, July 16, 9:17 a.m.: Bain Capital, which is raising a new $3 billion debt fund, is teaming up with Manhattan-based SKW Funding to target $500 million in troubled real estate debt. The new 50/50 partnership will […]
Prologis in talks for giant warehouse portfolio, after Blackstone’s monster deal
Hamid Moghadam of Prologis and Dwight Merriman of Black Creek Group (Credit: iStock, Prologis and Black Creek Group via Twitter) Prologis is in advanced talks to acquire a $4 billion warehouse portfolio, a month after getting outbid by Blackstone in a far larger industrial deal. Investors are increasingly drawn to warehouse properties, which attract major […]
Koreatown hotelier sells shovel-ready development site entitled for 252 units
The development site and a rendering of Choi Bo Sung’s proposed 252-unit project (Credit: Google Maps) A Koreatown hotelier has sold an Olympic Boulevard assemblage the firm it recently entitled for a 252-unit mixed-use apartment building. Choi Bo Sung Inc. sold the properties — stretching along West Olympic Boulevard between South Serrano Avenue and Hobart […]
Sterling Organization buys retail portfolio along booming Melrose Avenue
Sterling Organization CEO Brian Kosoy and the two Melrose Avenue properties Sterling Organization has purchased two retail buildings on Melrose Avenue, which remains one of Los Angeles’ top luxury corridors despite the e-commerce onslaught. The West Palm Beach, Florida-based real estate investment firm paid $35 million for the portfolio, through its third institutional fund, Sterling […]
LA County properties assessed at record $1.6 trillion
LA County Assessor Jeff Prang and the future NFL stadium in Inglewood in June 2018 (Credit: Ron Reiring/Flickr) Los Angeles County property assessments hit a record $1.6 trillion this year thanks to a super-active real estate market and healthy levels of construction across the county. The tax roll for 2019 grew by $94.4 billion over […]