LA REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Speedy Century City Office Deal Delivers Discount

SALE: Investment partners get 33,000 square feet in tight market for $14.7 million.Time was money in a rare case of distress in Century City’s robust office market.

L.A. City Council Approves Construction of Lucas Museum at Exposition Park

The Los Angeles City Council on Tuesday unanimously approved the construction of the $1 billion Lucas Museum of Narrative Art in Exposition Park.

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Koreatown Apartments Sell for $10.5 Million, Slated for Demolition

A Woodland Hills-based real estate investor has purchased five apartment buildings in Koreatown for $10.5 million with plans to tear down the properties, according to CBRE, which represented the seller.

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Daiso Inks Lease at Former American Apparel Distribution Center

Daiso California is taking over American Apparel’s former worldwide distribution center, a 220,000-square-foot warehouse in La Mirada owned by Prologis Inc.

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Spanish Broadcasting System’s Century City Office Fetches $14.7 Million

Miami-based Spanish Broadcasting System Inc. has sold its Century City office building in a fast-tracked deal that the buyer said was brought about by financial pressures.

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Dearden’s Puts Prime Downtown Property On Market

The pending closure of 107-year-old Southern California furniture chain Dearden’s is putting its local real estate portfolio into play.

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Subway Might Deliver Beverly Hills 9021 Uh-Oh!

TRANSIT: Station work slated for Golden Triangle

Some local leaders fear subway work in Beverly Hills could bury some businesses.

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California Market Center Opens Door to Investor

SALE: Brookfield acquires hefty stake from Jamison in deal valued at $220 million.

Koreatown-based Jamison Properties’ recent deal to sell a significant stake of its California Market Center to New York-based Brookfield Asset Management Inc. has brought a forward focus to the 1.8 million-square-foot campus in downtown’s Fashion District.

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ArcWest Partners Acquires Historic Silver Lake Office Building

Downtown’s ArcWest Partners announced Wednesday the firm has acquired a 30,000-square-foot historic office building in Silver Lake.

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Ares Management and TruAmerica Multifamily Acquire Arizona Apartment Building in $30 Million Deal

Subsidiary funds of asset management firms Ares Management and TruAmerica Multifamily announced Tuesday they have acquired a 240-unit apartment building in Avondale, Ariz., in a transaction valued at nearly $31 million.

OpenGate Capital Accused of Selling Facility Used by Mexican Drug Cartel

An L.A.-based private equity firm is being called into court for the allegedly fraudulent sale of a property in Mexico that the buyer says has ties to a drug cartel run by Joaquín “El Chapo” Guzmán.

City Planners Release Revised Hollywood Community Plan

L.A. city planners on Tuesday released a revised community plan to steer development in Hollywood, more than three years after a judge threw out an earlier plan citing faulty growth assumptions.

Jamison Sells California Market Center Stake for $220 Million

Koreatown-based Jamison Properties has sold a stake of its California Market Center, a 1.8 million-square-foot office complex in downtown primarily serving the fashion industry, to Brookfield Asset Management Inc., the companies announced Friday.

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MLS Operators Look to Mergers as Online Rivals Click With Buyers

Curbed Appeal

Operating a multiple listing service has become a tough sell as rivals flourish online.

Quake Alert System Takes Crack at Condo Tower

SAFETY: Early Warning Labs hopes shakeout from installation raises profile.

Condo tower has opened its doors to Early Warning Labs’ earthquake sensor system.

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