News

Max Friedman has joined Los Angeles-based real estate investment banking firm Dekel Capital as Senior Vice President where he will focus on arranging debt and equity for the acquisition, development, and refinancing of
commercial real estate assets nationally.

Friedman joins Dekel Capital after two-and-a-half years with Boston Private Bank and Trust Company. As Vice President in the Los Angeles office, Friedman originated commercial real estate loans for bank clients and was also responsible for managing  a portfolio of Southern California commercial loans.

Los Angeles – Dekel Capital, a Los Angeles-based real estate investment banking firm, has arranged an $17 million of permanent debt on behalf of Orange County, CA-based Core Capital Investments for a cash-out refinance of a coastal mobile home park set on approximately 15 acres located in Southern California, announced Dekel Managing Principal Shlomi Ronen.

The non-recourse senior debt, funded by a bank, has a thirty year term and is fixed for seven years with five years of interest only.

‘Reversion’ of Units Rented Out in Downturn Is Fresh Sign of Housing Market’s Strength

By Conor Dougherty

Many condominium developers who rode out the real-estate downturn by renting out their units are reverting to for-sale housing, in another sign of the market’s continued recovery over the past year.

Take Amir Haber, a Los Angeles developer who opened his Universal Lofts project at precisely the wrong moment in late 2008,

Universal Lofts in Studio City is one of the apartment complexes to turn to the once popular practice of converting to condos. The trend is far below peak in 2007.

Apartment building owners in Los Angeles and throughout California are once again converting to condos, but not at the torrid pace of 2007, when condo conversion peaked before the Great Recession.

The work-live units at Universal Lofts in Studio City, across the 101 Freeway from Universal Studios,