Recent and archived news stories on: Commercial real estate, residential real estate, housing, architecture, engineering, real estate brokers, construction, property development, property management

SAG-AFTRA Building Gets $105 Million Refi Loan

New York-based commercial real estate finance firm Meridian Capital Group has arranged a 10-year $105 million loan for an affiliate of J.H. Snyder Co. to refinance the SAG-AFTRA Building at 5757 Wilshire Blvd on the Miracle Mile.

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13-Acre Fuller Campus in Pasadena Hits the Market

The 13-acre Fuller Theological Seminary in Pasadena is going on the market, according to its broker, CBRE Group Inc.

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Coretrust Capital Buys Six-Acre Office Campus in Pasadena for $250M

Downtown real estate investment firm Coretrust Capital Partners has purchased Pasadena’s largest office campus, the six-acre Corporate Center Pasadena, according to the company.

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Aecom Lands $3B U.S. Air Force Contract

Engineering firm Aecom in Century City announced a subsidiary has won a $3 billion federal contract to supply operation and maintenance services to the U.S. Air Force.

Commercial Real Estate Exchange Lands $11 Million in Series A Financing

Commercial Real Estate Exchange Inc., a Marina del Rey-based marketing and technology platform, announced it has secured $11 million in series A financing led by Jackson Square Ventures of San Francisco.

Preferred Bank Expands Figueroa Headquarters

Preferred Bank has expanded its headquarters at 601 S. Figueroa St. in downtown Los Angeles to 37,000 square feet, landlord Brookfield Properties announced.

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Three-Building Campus in El Segundo Sells for $170 Million

San Francisco-based Swift Real Estate Partners has purchased a 549,000-square-foot three-building office campus at 2200, 2222 and 2230 E. Imperial Highway in El Segundo for $170 million, an unidentified industry source said.

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Glove Maker Austin Pang Pays $13.4M for New Building in Industry

Hong Kong-based Austin Pang Gloves Manufacturing Corp. has purchased a newly-constructed, 72,000-square-foot building at 17343 Freedom Way in the City of Industry for $13.4 million or about $185 per square foot.

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L.A. Real Estate Developer Charged With Bribery

The FBI has arrested commercial real estate developer Arman Gabaee, co-founder and co-managing partner of the Hollywood-based Charles Co., on criminal charges alleging he illegally paid off a Los Angeles County government employee who negotiated leases on the county’s behalf.

LAFC Moving to 25K SF Space Downtown

Los Angeles Football Club has signed a lease for 25,000 square feet of office space to house its headquarters at 818 W. 7th St. in downtown Los Angeles, CBRE Group Inc. announced.

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CalSTRS Strikes Joint Venture With DivcoWest Real Estate

San Francisco-based investment firm DivcoWest Real Estate Services has entered into a $300 million joint venture with the California State Teachers’ Retirement System, which will focus on acquiring commercial real estate throughout the nation.

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Rexford Industrial Realty Buys 36-Acre Property in Commerce

REIT also picked up industrial space in Anaheim, sold Ontario properties

Rexford Industrial Realty Inc., a Westside-based real estate investment trust, has bought two industrial properties – one in Commerce, the other in Anaheim – for a total price of $127.1 million, the company announced.

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WeWork Donating Space to Clean Energy, Smart Manufacturing Group

WeWork Cos. Inc. is donating space at its 10250 Constellation Blvd location in Century City to house the headquarters of Clean Energy Smart Manufacturing Innovation Institute (CESMII), a $140 million partnership between UCLA, the City of Los Angeles, the U.S. Department of Energy and the private sector.

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Edelman Extends Lease for 30,500-SF Space at 5900 Wilshire

New York-based public relations and marketing company Edelman has signed a five-year extension of its lease at 5900 Wilshire Blvd on the Miracle Mile, landlord Ratkovich Co. announced.

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Two Hyatt-Branded Hotels in Development Near LAX

Dual-branded Hyatt hotels are under development near Los Angeles International Airport at 5959 W. Century Blvd, according to the hotel company and CaRE Development/5959, an affiliate of Westside-based California Real Estate Regional Center.

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