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Ocean West Acquires 442-Unit Inland Empire Multifamily Property

Ocean West Acquires 442-Unit Inland Empire Multifamily Property
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China Digest: dMed-Clinipace nabs $50m; IDG Capital backs Femooi

China Digest: dMed-Clinipace nabs $50m; IDG Capital backs Femooi
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The Hamptons Priciest Home Sales of Early 2021

The Hamptons Priciest Sales

1384 Meadow Lane UPDATED, May 14, 2021, 6:45 p.m.: Home sellers’ usual strategy is to list in the spring, when buyers are most active. But Hamptons buyers could hardly be more active than they have been in recent months. Jonathan Miller, president of appraisal firm Miller Samuel, gave The Real Deal a rundown of the 20 most expensive South Fork deals to close through April 30, 2021. Topping the list of most expensive home sales is this East Hampton deal that closed in March, according to Miller Samuel. The property sits on nearly eight acres and the home a gross floor area of 15,421 square feet. The residence belonged to Life Savers heiress June Noble Smith Larkin Gibson before she died at age 98 last year. The six-bedroom, five-bathroom home was listed for $72 million in August 2020 and reduced to $67 million two weeks later. Brown Harris Stevens’ Peter Turino and Christopher Burnside were the listing agents.

DreamWorks Animation s Glendale Headquarters Hits The Market

DreamWorks Animation s Glendale Headquarters Hits The Market Bisnow has confirmed. The seven-building campus at 1000 Flower St. measures just under 500K SF and is leased to the animation company, a subsidiary of Comcast Corp., until 2035, according to Green Street, which first reported the news.  Courtesy of NKF DreamWorks Animation headquarters, as pictured when Ocean West and Hana bought it in 2017. The DreamWorks Animation HQ is expected to sell for as much as $350M, Green Street said, in large part because “demand for such single-tenant properties under long-term leases with investment-grade tenants has soared amid the pandemic,” as has investor interest in studio projects. Ocean West declined a request for comment. Representatives for Hana Asset Management could not be reached.

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