Los Angeles Business Journal


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

Pulsing Market

REAL ESTATE: Two medical properties pump up downtown.A tight market could generate healthy returns for medical office properties.

By Daina Beth Solomon February 17, 2017 midnight   Share

West Hollywood Sunset Tower Hotel Targets $100M Sale

West Hollywood’s Sunset Tower Hotel went on the market for roughly $100 million last week, according to a source familiar with the site.

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CityView Sells Wilmington Apartments for $75 Million

Developer and investment management firm CityView has sold the Wilmington apartment complex it built last year to the Redfern Family Trust for $75 million, according to public records.

CIM Group Lands Over $450M Japanese Investment

Developer and asset management firm CIM Group is set to land an investment of roughly half a billion dollars from a Japanese corporation.

Former 99 Cents Only Stores CEO to List Beverly Hills Home for $13.8 Million

He may have sold household products for just a dollar each, but former 99 Cents Only Stores Chief Executive Stephane Gonthier is listing his Beverly Hills mansion for a whole lot more.

Toyota’s Torrance Headquarters Hits the Market

Toyota Motor North America Inc. has just put its massive Torrance campus on the market, several years after announcing plans to relocate its North American headquarters to Texas.

CBRE Buys Capstone Financial Solutions

CBRE Group Inc. has hooked a new company as part of ongoing efforts to enhance its status as a big fish in the world of commercial real estate services.

Monday Properties Targets L.A. in West Coast Expansion

New York-based landlord Monday Properties is, for the first time, looking west. The real estate investment firm is opening an L.A. office and plans to begin targeting acquisitions in Los Angeles and along the West Coast.

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Loyola Marymount Takes First Lease at Playa Vista’s Brickyard Offices

Playa Vista’s newest office building, the Brickyard, recently wrapped up construction, and now it has snagged its first tenant.

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Mansion’s $250 Million Listing Priced to Light Fire Under Bids

Launching Pad

Sale price of $250 million would put Bel Air megamansion in a neighborhood all its own.

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Musician Calls for Historic Decision on Mansion

REAL ESTATE: Taylor Swift likely to boost cachet but not price of ‘landmark’ home.

Singer Taylor Swift moves to tune up her Beverly Hills mansion with landmark status.

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Church Building to Be Born Again as Office Space

REAL ESTATE: Developer has faith in property despite challenges of conversion.

Robert Herscu has laid his hands on a church property with the goal of an office conversion.

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Macy’s Sells West L.A. Store for $50 Million, Signaling Possible Closure

The recent sale of Macy’s Inc.’s Westside Pavilion location in West Los Angeles has cast doubt on the store’s future as the company progresses with plans to close about 100 retail sites nationwide.

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Toymaker Isaac Larian Buys Malibu Mansion for $24 Million

Isaac Larian, founder of the toy company behind the Bratz dolls, purchased a Frank Gehry-designed beachfront home in Malibu for $24.15 million.

Food Giant Follows Exodus out of L.A.

Nestle USA’s relocation of HQ to Virginia will leave 378,000 square feet open in Glendale.

Nestle USA to leave Glendale with an empty feeling when it relocates to Arlington, Va.