Real Estate/Development
Jun. 28, 2012
Portfolio transactions help revive real estate market
While building portfolio transactions slowed to a trickle in the wake of the real estate bust, lawyers say they're seeing a slow rebirth of such sales as clients look for stronger deals in the sour economy.
Daily Journal Staff Writer
In late 2010, after landlord Arnold Bernstein spent two decades rehabilitating his five office buildings in Santa Monica - home to one of California's biggest hotbeds of technology, media and entertainment companies - he decided the time was right to sell them.
But rather than hunt down individual buyers, Bernstein clustered the properties as a single portfolio in hopes a big investment con...
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