REAL ESTATE

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

Ron Howard, Brian Grazer Incubator Opens at WeWork’s PDC Location

WeWork Cos. Inc. has struck a deal with film director Ron Howard and movie and television producer Brian Grazer, to house their incubator Imagine Impact at its West Hollywood location at the Pacific Design Center’s Red Building at 750 N. San Vicente Blvd.

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Duke Realty Buys 25.5-Acre Industrial Parcel in Irwindale

Duke Realty Corp., an Indianapolis-based real estate investment company, has purchased a 25.5-acre lot at 13131 Los Angeles St. in Irwindale from a private seller for an undisclosed amount, downtown Los Angeles-based commercial real estate brokerage firm CBRE Group Inc. announced.

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Tetra Tech Awarded $21M Contract for Sustainability in Cambodia

Pasadena engineering firm Tetra Tech Inc. announced Sept. 18 that the U.S. Agency for International Development has awarded the company a $21 million, five-year contract to provide sustainability management and biodiversity conservation services in Cambodia.

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Giovanni Cosmetics, Evox Productions Renew Leases in Compton, Rancho Dominguez

The Compton area is keeping two of its business tenants, each of whom renewed leases for their corporate headquarters.

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Will Loews Santa Monica Top $500M?

Recent deals in luxury segment of region’s hotel industry suggest as much

China’s Anbang Insurance Group could fetch $500 million or more for Loews Santa Monica Beach Hotel.

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Schatz Set to BID Farewell

Longtime advocate for downtown’s revitalization, Carol Schatz, to retire at month’s end.

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Aegon Gets $23M for Pasadena Retail

Aegon USA Realty Advisors, a Cedar Rapids, Iowa-based limited liability company, has sold the two-story, 39,000-square-foot Walgreens building at 310 S. Lake Ave.

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Loans in Line

Tight housing supply appears to keep market stocked with credit-worthy borrowers

Home prices up, delinquencies and foreclosures down, in L.A. County’s housing market.

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New Tune on L.A. Rentals

Apartment developer and investor IMT Capital is tuning into Nashville’s hopping economy and real estate market.

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Hilton Foundation Picks Up Dole Headquarters for $50 Million

The headquarters of Dole Food Co. in Westlake Village has sold to the Conrad N. Hilton Foundation for $50 million, according to brokerage CBRE Group Inc.

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Tishman Speyer Putting 1 Million S.F. Wilshire Courtyard on the Market

Tishman Speyer, a New York-based real estate investment firm, will soon put up for sale Wilshire Courtyard, a two-building, 1 million-square-foot office campus located at 5700-5750 Wilshire Blvd. on the Miracle Mile.

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Huntington Park Shopping Center Acquired for $23.8 Million

Sterling Organization, a Palm Beach, Fla.-based private equity group, has purchased Margarita Plaza, a 77,000-square-foot shopping center located at 6900-7100 S. Santa Fe Ave. in Huntington Park, for $23.8 million, or $309 per square foot, in an off-market transaction with Rubenstein Capital, an Oakland-based real estate investment company.

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Longtime DTLA Advocate Carol Schatz Retiring; New DCBID Chief Named

Carol Schatz, who led a renaissance of downtown Los Angeles as head of the Downtown Center Business Improvement District and Central City Association for nearly three decades, will retire this month, the district announced Sept. 12.

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Macerich, Simon to Build 400,000-plus SF Retail Outlet Mall in Carson

Santa Monica-based Macerich Co. and retail developer and operator Simon Property Group Inc. announced they will join to build an outlet mall in Carson.

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Private Investor Pays $23M for Two-Story Commercial Space in Pasadena

Aegon USA Realty Advisors, a Cedar Rapids, Iowa-based limited liability company, has sold the two-story, 39,000-square-foot Walgreens building at 310 S. Lake Ave. in Pasadena for $23 million, or about $585 per square foot, with a 4.9 percent cap rate, to a private investor in Beverly Hills.

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