KBS Real Estate Investment Trust II recently struck a deal to sell its 40-story Union Bank Plaza building at 445 S. Figueroa St. in Downtown Los Angeles for $280 million, according to a U.S. Securities and Exchange Commission Report.
Luzzatto’s West L.A. building looks to get line on nearby Expo-Bundy light-rail station.
Luzzatto Co. aims to line up its office project with easy access to a West L.A. rail stop.
Century West Partners sees retailer bolstering its efforts with Koreatown residential.
Add retail to Century West Partners’ Koreatown portfolio now that one of Target Corp.’s smaller, urban-oriented stores is nearly ready to open.
A 163-unit mixed-use apartment and retail property in Monrovia has sold for $73.8 million.
REAL ESTATE: Downtown vision close to completion.
CIM Group’s downtown efforts took off after bagging a grocery store for the neighborhood.
Robert Kohorst, president and founder of Pasadena-based real estate firm Everest Properties, was appointed by President Donald Trump to serve as Ambassador to Croatia.
Landlords, tenants in talks over stabilization ordinance enacted by city this winter.
Landlords and renters in Beverly Hills have gone through mediation sessions to try to hammer out an agreement for rent control in the city, but the two sides remain far apart on the issue.
Special Report: Who's Who in Real Estate
Office, residential and hotel projects are helping keep downtown a center of attention.
CONSTRUCTION: LAX project tops at $1.9 billion.
L.A. County’s building boom continues to gain ground with infrastructure and general projects.
Manhattan-based Newmark Knight Frank has completed the $48.75 million sale of the Madrona Business Campus, a four-building Class A office and medical property in Torrance, the real estate firm said Wednesday.
Venice-based Kor Group has acquired the 12-story boutique Custom Hotel in Westchester for $33 million, according to CoStar data.
Three out of four construction firms working in commercial real estate across the western U.S. reported difficulty recruiting skilled carpenters, bricklayers, painters and other workers, according to a survey released this week.
The Westin Long Beach hotel sold for about $84.8 million this month, a loss of almost $4 million from the last time it changed hands in 2006, according to real estate data firm Real Capital Analytics Inc.
Larger entities scooping up smaller operators a natural part of cycle, analysts say.
The mergers of two local brokerages with national real estate companies announced this month will bring little to no change to the industry, analysts said.