News

A&R and PRG Partnership Announce Successful Repositioning in Arts District (Downtown LA)


The Sands


LOS ANGELES, CA – A partnership of Artist & Recreation (A&R) and PRG Investment & Management, Inc. (PRG) announced several new lease signings and new financing with City National Bank for its property located on the southwest corner of Mateo St. and 7th St. in the Arts District of Downtown Los Angeles. READ MORE



Granada Hotel & Bistro Achieves Top Boutique Hotel Status in San Luis Obispo in 2015


The Sands


LOS ANGELES, CA – Granada Hotel & Bistro has achieved the top standing in RevPar in San Luis Obispo, California in 2015. The New York Times praised the property as “San Luis Obispo’s first luxury boutique hotel” after its opening in 2012. READ MORE



PRG Announces the Acquisition of the Sands Hotel of Indian Wells


The Sands


LOS ANGELES, CA – PRG Investment & Management announced the acquisition of the Sands Hotel in Indian Wells, California. The 50 room property was acquired via a complex sale transaction at a cost of $58,000 per key. READ MORE



Real Estate Forum Magazine Names Britten Shuford to its “Top 50 Under 40” in the US List


Casa Laguna


LOS ANGELES, CA – Real Estate Forum Magazine has named PRG Investment & Management Co-Founder and President, Britten Shuford, to its “Top 50 Under 40” in the US list of commercial real estate industry professionals. READ MORE



PRG Announces the Acquisition of the San Luis Creek Lodge in San Luis Obispo


The Sands


LOS ANGELES, CA – PRG Investment & Management announced the acquisition of the San Luis Creek Lodge in San Luis Obispo, California. The English tutor style inspired inn is located in San Luis Obispo, near both downtown and Cal Poly. READ MORE



PRG Completes Value-Add Management Project in Rialto, Announces New Projects in Riverside and Perris with Circle Industrial


Casa Laguna


LOS ANGELES, CA – PRG Investment & Management announced its successful completion of a value-added management project in Rialto on behalf of Circle Industrial. READ MORE



PRG Announces Acquisition of Casa Laguna Inn & Spa in Laguna Beach


Casa Laguna


LOS ANGELES, CA – PRG Investment and Management announced the acquisition of Casa Laguna Inn & Spa in Laguna Beach READ MORE



PRG Announces Acquisition of the Sparrows Lodge in Palm Springs


Sparrows Lodge


LOS ANGELES, CA – PRG Investment and Management announced that it has acquired the Sparrows Lodge in Palm Springs in a partnership with Richard Crisman and Jeff Brock. READ MORE


PRG Announces New Management Agreements Totaling 400,000 Sq. Ft.


Pico Rivera


LOS ANGELES, CA – PRG Investment and Management announced new management agreements involving a portfolio of industrial and retail centers totaling approximately 400,000 square feet. READ MORE


PRG Acquires 3 Industrial Buildings in Pico Rivera


Pico Rivera


LOS ANGELES, CA – PRG Investment and Management, Inc. announced that it has acquired three industrial buildings totaling 29,000 square foot located at 4506-4510 Manning Rd., Pico Rivera. READ MORE


Partnership of PRG and A&R Acquires Creative Property in Arts District (Downtown LA)


Arts District


LOS ANGELES, CA- PRG is pleased to announce that it has acquired a 15,000 sq. ft. collection of buildings in addition to a large parking in the Arts District in Downtown Los Angeles. The 9 units range in size from 550 sq. ft. to 5,900 sq. ft. READ MORE


PRG Acquires West LA Retail Center and Embarks on Value-Add Strategy


CPH


WEST LOS ANGELES, CA- PRG has acquired a multi-tenant retail building located ¼ mile south of the Santa Monica Airport in West Los Angeles in an off-market transaction for $264 per square foot… READ MORE


PRG Announces the Launch of 78 Room Luxury Boutique Hotel in San Diego Region


CPH


LOS ANGELES, CA- PRG has announced that it has reached an agreement with Pacifica Companies to provide boutique hotel management services… READ MORE


PRG’s Affiliated Advisory Group Announces New Leases with Tesla, Oracle, ABC’s Revenge TV show, Rolled Alloys, and Club Assist


CPH


LOS ANGELES, CA- PRG’s affiliated advisory group, SCO Advisors, announced that it represented third party landlord clients on six separate lease transactions… READ MORE


JV Pays Highest Per-Key Price for Colony Palms Hotel


CPH


PALM SPRINGS, CA- Pacifica Colony Palms, LLC, an affiliate of Pacifica Capital Group, has sold the Colony Palms Hotel for $15 million to a joint venture… READ MORE


PRG Acquires Business Park Via Short Sale, Executes Value-Add Strategy


Laurel Park


LOS ANGELES, CA- After acquiring the Laurel Park Commerce Center via a short sale at 50% discount to the note value last year, PRG has exclusively told GlobeSt.com the business park property is now 98% leased. READ MORE