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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Cassidy Turley to be acquired will adopt new branding

Cassidy Turley, a company with Baltimore roots that has grown rapidly across the U.S. since it launched in 2010, is getting a new corporate parent and will soon have a new name. Private equity giant TPG, investment management firm PAG Asia Capital and the Ontario Teachers Pension Plan will buy Washington, D.C.-based Cassidy Turley and

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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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Van Nuys LA Fitness Sold for $23 Million

FM Enterprises of Sherman Oaks has announced the purchase of a 53,000 square foot LA Fitness branch in Van Nuys located at 6161 N. Sepulveda Blvd. This is seen as a long term investment for FM, as LA Fitness is tied to a 20 year lease at this complex’s location. Frank Mushmel, principal at FM

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The Concept of Walkability Emerges as Urban Development Trend To Watch

Somewhat surprisingly, Los Angeles has emerged as a city that is ready to embrace walkability going forward. A report titled “Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros” by the Center for Real Estate and Urban Analysis at George Washington University School of Business along with LOCUS: Responsible Real Estate Developers and Investors

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