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

Reports Peg Dalian Wanda’s Sale of One Beverly Hills at $420M

One Beverly Hills may finally have a new owner. Chinese conglomerate Dalian Wanda Group has sold the property to London-based Cain International and Beverly Hills-based Alagem Capital Group.

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Rexford Pays $40M for Properties in Carson, Carlsbad

Los Angeles-based Rexford Industrial Properties purchased two properties for $40.3 million using cash on hand, the company announced Nov. 12.

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Venice’s Fifth Wall Ventures Participates in Hippo $70M Funding

Hippo, a Mountain View, Calif.-based tech-enabled home insurance startup, raised $70 million from a venture capital group led by Felicis Ventures and Lennar Corp., with Venice’s fledgling venture capital firm Fifth Wall Ventures also participating.

Netflix to Take Over All Commercial Space at the Academy in Hollywood

Netflix Inc. has signed yet another lease in Hollywood. The streaming giant signed a lease to take over the entire 355,000-square-foot commercial space at the Academy on Vine project in Hollywood, Kilroy Realty Corp., the property developer, announced Nov. 13.

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Overton Moore Properties Leases Carson Warehouse to Action Gypsum for $5M

Overton Moore Properties has leased a nearly 54,000 square-foot industrial building in Carson to Action Gypsum Supply West in a deal worth $5 million.

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Foothill Glendora to Montclair Rail Line Project Scaled Back as Projected Costs Mount

Two of four bidding teams dropped

The authority tasked with building a 12-mile rail extension from Glendora to Montclair in the East San Gabriel Valley announced Nov. 12 that it was scaling back the project due to rising costs and that two of the four bidding teams have been dropped.

CBRE Sells Courtyard Long Beach Airport Hotel

Downtown L.A. commercial real estate giant CBRE Group Inc. announced Nov. 12 it had sold a 159-room Courtyard by Marriott Long Beach Airport hotel for an undisclosed sum.

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CBRE Group Sells Whittier Medical Building for $5.5 Million

Downtown L.A. commercial real estate giant CBRE Group Inc. announced Nov. 8 it sold a medical office building in Whittier for $5.5 million to an undisclosed private buyer.

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Compton Warehouse Building Sold for $11M to Terreno Realty

A Compton warehouse building currently occupied by an apparel distribution company has been sold to San Francisco industrial real estate company Terreno Realty Corp. for $11.1 million, Terreno announced Nov. 8.

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TMG Sells Pomona Apartment for More Than $10 Million

The Mogharebi Group announced Nov. 8 that it brokered the sale of Pomona’s Twin Palm Apartments for $10.4 million to W Mission Blvd Multi LLC, a company that incorporated in Manhattan Beach in August.

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R4 Capital Provides $60 Million for Housing Preservation in LA

Asset manager R4 Capital has arranged $17.3 million of equity and $43 million in tax exempt financing for housing preservation in Los Angeles.

Chicago School of Professional Psychology Relocates L.A. Campus in Downtown L.A.

The Chicago School of Professional Psychology has signed a lease to relocate its Los Angeles campus to a 62-story office building in Downtown L.A.

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Related Closes $630 Million Loan for The Grand Project

Real estate firm Related Cos. closed a $630 million construction loan from Deutsche Bank for its long-delayed $1 billion The Grand project in downtown L.A.

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Up In Air

Parsons’ Mexico City airport contract could disappear

The fate of a $100 million-plus contract held by Pasadena-based Parsons Corp. to manage the construction of a $13 billion airport in Mexico City has been thrown up in the air

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Charles Dunn Co. Shutters Brokerage Business

Closure follows departures; firm’s property management unit will continue to operate

Charles Dunn Co. shutters brokerage biz.

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