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August 23, 2021

This Week's LA Deal Sheet

[In-Person] Rexford Industrial & Link Logistics discuss how to capitalize on industrial’s continued success in LA Oct. 5
This Week's LA Deal Sheet

Fremantle has signed a 12-year lease for 43K SF at Reframe Studios in Atwater Village. The media company produces American Idol, The Price Is Right and other live, unscripted shows. A joint venture between Captiva Partners, Avalon Investment Co. and a private investor purchased the property at 4561 Colorado Blvd. last…

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Top Stories on Bisnow.com

Pfizer Vaccine's Full FDA Approval May Pave Way For Stronger Vaccine Mandates Pfizer Vaccine's Full FDA Approval May Pave Way For Stronger Vaccine Mandates
The Federal Remote Work Shift Could Damage Office Markets Nationwide The Federal Remote Work Shift Could Damage Office Markets Nationwide
Senate Finance Chair Proposes Bill Closing LIHTC Loophole Senate Finance Chair Proposes Bill Closing LIHTC Loophole
Delta, Hiring Frustrations, Supply Chain Crisis Have Economic Recovery Stuck In Reverse Delta, Hiring Frustrations, Supply Chain Crisis Have Economic Recovery Stuck In Reverse
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See The City Block-Sized Mixed-Use Project Planned In South LA's Florence

Developers have been selected to transform a South LA site that has been vacant and slated for redevelopment for more than a decade.

The property is a roughly 8-acre site that takes up almost the entire block bordered by Los Angeles, San Pedro, Wall and 59th streets in the Florence neighborhood. Under the proposed plan, affordable housing, senior housing, a city park, a community center, a grocery store, and shops and restaurants space would rise there. 

See The City Block-Sized Mixed-Use Project Planned In South LA's Florence

The team working to build the project includes developers The Bakewell Co., which is based in South LA, The Michaels Organization, nonprofit philanthropic organization Brotherhood Crusade and Capri Investment Group. The Los Angeles City Council voted Wednesday to…

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Pasadena Office Portfolio Sells For $80M

Pasadena Office Portfolio Sells For $80M  

A three-building Pasadena office portfolio that includes an 11-story building at Lake Avenue and Colorado Boulevard has traded hands for $80M.  The buyer, an undisclosed LA-based private investor, plans a Class-A repositioning of the building, including an overhaul of the lobbies and outdoor areas. At the time of the sale,…

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In Case You Missed It...

LA Drafting Ordinance Requiring Proof Of Vaccination For Many Indoor Venues LA Drafting Ordinance Requiring Proof Of Vaccination For Many Indoor Venues
Logistics Hot Mess Has Retailers Facing Grim Holiday Season Logistics Hot Mess Has Retailers Facing Grim Holiday Season
Coworking Company Bond Collective Opening First California Location This Fall Coworking Company Bond Collective Opening First California Location This Fall
Industrial Vacancy Below 1% Near Nation’s Busiest Port: CBRE Industrial Vacancy Below 1% Near Nation’s Busiest Port: CBRE
National Coworking Operator To Require Proof Of Vaccination From Tenants National Coworking Operator To Require Proof Of Vaccination From Tenants
Cash Stockpiles, Cheap Debt Spurring Commercial Real Estate M&A Frenzy Cash Stockpiles, Cheap Debt Spurring Commercial Real Estate M&A Frenzy
 
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Needless Construction And Architectural Arrogance: Climate Crisis And The Future Of Work

The shift to hybrid work has the potential to have a huge impact on the battle against climate change — if the real estate industry can change its idea about the best way to make a profit, and corporate occupiers change their view on what constitutes an environmentally friendly building.

Of all the ways in which an increase in working from home can influence the carbon emissions of big cities in the U.S. and UK, by far the most significant is the impact on office demand. If office demand falls, then there should be less need to build new offices, experts said in the latest episode of the Bisnow podcast series Office Politics: The Battle For The Future Of Work

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Greysteel Hires Colliers Affordable Housing Investment Sales Brokers

Greysteel Hires Colliers Affordable Housing Investment Sales Brokers  

An East Coast commercial real estate services firm has snapped up a pair of Southern California investment sales brokers who focus on affordable housing.  Washington, D.C.-based Greysteel has hired Samuel Lacebal and Doron Peled, previously of Colliers'…

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