Garland Center Bought By Rising Realty JV

| December 20, 2016

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Rising Realty Partners, in a JV with Silverpeak Real Estate Partners and H.I.G Realty Partners, just picked up the Garland Center in Downtown LA.The purchase includes a 733k SF office building and data center and 1,600 parking spaces. The price of the property was $210M, according to GlobeSt.Rising Realty SVP of third party services and 5x5 Telecom co-founder Marc Gittleman tells Bisnow Rising has a great deal of experience in telecommunications, which will be beneficial. 5x5 Telecom is now expanding its internet offerings on the West Coast.The success of the purchase of the Garland Center "sets a new benchmark for the depth and breadth of expertise owners should expect from their partners," he says.Marc and Rising Realty Partners President Chris Rising founded 5x5 Telecom four years ago.

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The Real Estate Fraud Prevention Organization was created to raise awareness about mortgage fraud, promote transparency, eradicate contract related fraud in real estate purchase transactions, and to make real estate safe.

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Real Estate Fraud Prevention Organization (R.E.F.P.O.)

The Real Estate Fraud Prevention Organization was created to raise awareness about mortgage fraud, promote transparency, eradicate contract related fraud in real estate purchase transactions, and to make real estate safe.

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