Advanced Real Estate Acquires Downtown L.A. Apartments, Watertown Board Approves Commercial Property Variance

Advanced Real Estate buys downtown L.A. apartments for $62 million. Watertown Board of Adjustment approves variance for commercial property. Stay tuned to Simply C.R.E. for more updates on these exciting real estate developments and other news impacting the industry.

Sources:
https://www.bizjournals.com/losangeles/news/2024/09/06/advanced-real-estate-buys-canvas-la-apartments.html
https://www.mykxlg.com/news/local/watertown-board-of-adjustment-approves-variance-for-commercial-property/article_2550d3a4-6c5f-11ef-aeae-471c2532d942.html
https://www.bloomberg.com/news/videos/2024-09-06/rechler-commercial-real-estate-is-facing-new-paradigm
https://www.bloomberg.com/news/videos/2024-09-06/rechler-commercial-real-estate-is-facing-new-paradigm

Outline:
(00:00:00) Introduction
(00:00:42) Advanced Real Estate buys downtown L.A. apartments for $62 million
(00:03:47) Watertown Board of Adjustment Approves Variance for Commercial Property
(00:06:10) Rechler: Commercial Real Estate is Facing New Paradigm
(00:07:03) Rechler: Commercial Real Estate is Facing New Paradigm