8942 Wilshire Boulevard, Neil Bluhm, and 4525 Wilshire Boulevard (Credit: Wikipedia) A Dutch investment firm has expanded its West Coast presence with a $154 million deal for two office buildings on Wilshire Boulevard. The Amsterdam-based firm paid $107.5 million for 8942 Wilshire Boulevard, and $46.5 million for 4525 Wilshire Boulevard, records show. The deal closed […]
Rust Belt revitalization: Cities using municipal bonds to redevelop shuttered plants
A rendering of the project (Credit: Instagram) Struggling Rust Belt cities are working to turn around their fortunes by redeveloping vacant industrial plants — and are using a familiar, if risky, financing mechanism to jump start the process. Post-industrial cities in the Midwest and beyond are turning to local-government bonds to fund ambitious redevelopment projects, […]
If owners abandon the malls, these investors are screwed
The strongest risk would be if borrowers abandon the malls to avoid foreclosure. (Credit: iStock) Commercial mortgage-backed securities could face high losses if struggling mall loans are not refinanced before maturing in 2020. The strongest risk would be if borrowers abandon the malls to avoid foreclosure, according to Bloomberg, citing data from a research note […]
Bond Collective eyes Chicago, LA and beyond for its co-working expansion
Bond Collective CEO Shlomo Silber and a Bond Collective office (Credit: Bond Collective) Bond Collective is the latest co-working firm expanding to Chicago, with plans to add 100,000 square feet of luxury shared offices in the city this year. The New York-based firm plans to open a 68,000-square-foot location in the Civic Opera Building, 20 […]
Harbor Associates signs 2 firms to nearly 100K sf at its Ventura office park
Joon Choi, principal at Harbor Associates, with 2380 Conejo Spectrum Street in Thousand Oaks. (Credit: CBRE) Harbor Associates has signed a biotech firm and a publishing company to separate leases at its Thousand Oaks office campus, the latest in a busy couple of months for the investment firm. The lease deals total nearly 100,000 square […]
Warner Music parent company pays $195M for Ford Factory building
Access Industries Founder Len Blavatnik and Warner Music CEO Stephen Cooper, with the property The Arts District’s newest tenant has found itself a new — but familiar — landlord. Access Industries, the parent company of Warner Music Group, paid $195 million to acquire the recently-renovated Ford Factory building, The Real Deal has learned. The deal […]