Why Commercial Real Estate Is Ripe For Disruption In 2015

As we round out 2014 with a slew of predictions about entrepreneurial innovation in the year to come, there’s one industry that’s virtually always  overlooked in these discussions– commercial real estate.  Nevertheless, mark my words. This industry is on the brink of disruption.   Though one of the oldest industries in the United States, commercial real

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L.A.'s not-quite 'subway to the sea' finally breaks ground

More than 30 years ago, officials promised that Los Angeles’ first modern subway would cut through the congested and heavily populated Wilshire Corridor connecting downtown to the city’s coastal suburbs. Now, after decades of delay over safety and environmental concerns, court battles and congressional debate, construction is finally beginning on the first phase of what

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Rexford Acquires Avenue Kearny Buildings for $11.5 Million

The real estate investment trust has acquired Avenue Kearny – an industrial park totaling 138,980 square feet for $11.5 million. This sum breaks down to $83 per square foot. The industrial park is located in Valencia. Rexford Industrial Realty Inc. primarily focuses on value-add properties within infill submarkets in Southern California. Speaking to this, co-CEOs

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Moorpark-based PennyMac Enters $550 Million Mortgage Agreement with Bank of America

PennyMac Mortgage Investment Trust, a real estate investment trust based in the city of Moorpark, have entered into an agreement with Bank of America to fund approximately $550 million in new mortgages. A real estate investment trust is a type of company, usually with many investors, that typically owns and operates a portfolio of income-producing

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