LA REAL ESTATE

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

Former Playboy Studio Campus Sells in Atwater Village for $30-Plus Million

Gaw Capital Partners bought 3030 Studios, a 108,000-square-foot former Playboy studio campus at 3030 Andrita St. in Atwater Village for an undisclosed amount, Jones Lang LaSalle Inc. announced.

Miracle Mile Office Tower Sells for $96 Million

Jade Enterprises has purchased a 20-story, 207,000-square-foot office tower at 6420 Wilshire Blvd. on the Miracle Mile for $96 million, or nearly $464 a square foot, from Boston-based TA Realty. according to CoStar Group Inc.

Tease photo

U.S. EPA Targets Former Landfill Site in Monterey Park for Redevelopment

The Environmental Protection Agency announced on Jan. 17 it is targeting a former landfill site in Monterey Park currently on its Superfund list of the most toxic cases as one of 30 sites nationwide for redevelopment.

Tease photo

Jamison Services Buying Several Parcels in Koreatown, Planning $14M Redevelopment

Jamison Services has added to its already considerable holdings in Koreatown, purchasing several parcels of land for a multifamily redevelopment site for $14 million.

Developer Buys Long Beach Properties for $2.45M, Plans to Build $8.4M Dialysis Clinic

REAL ESTATE

A Northern California developer has purchased land in downtown Long Beach with plans to construct an $8.4 million dialysis clinic.

$600M Redevelopment Proposed for Former MWD Site Near DTLA

The 5.5-acre former Metropolitan Water District campus that has long sat dormant at 1111 Sunset Blvd. may be developed into a mixed-use development with 778 apartments.

Tease photo

Adidas, Burn Fitness Space in Santa Monica Sells for $30.3M

Golden West Properties and Starpoint Properties paid $30.3 million for the three-story, 30,000-square-foot Adidas and Burn Fitness building at 1231-1233 Third Street Promenade in Santa Monica.

Tease photo

Hasserjian Joins NAI Capital Management as President and CEO

Former CBRE Group Inc. executive Eric Hasserjian has joined NAI Capital Management as its president and chief executive, based out of the company’s Westside office on Olympic Boulevard.

Mixed-Use Development in Koreatown to Include 121 Apartments, Nearly 5,000 SF Retail Space

Construction is underway on The Mariposa, a mixed-use Koreatown development located at 269 S. Mariposa Ave., a seven-story building containing 121 apartments and more than 4,600 square feet of retail space.

Iconic Lido Apartment Building Sold for $32.2 M

Mosser Capital paid $32.2 million to purchase The Lido, a 100-unit apartment building at 6500 Yucca St., in Hollywood that was featured on The Eagles’ “Hotel California” album.

Tease photo

CIM Commercial Trust Buying Beverly Hills Office Space

Real estate investment trust CIM Commercial Trust Corp. has signed a definitive agreement to purchase the fee-simple interest in 9460 Wilshire Blvd., a nine-story office building in the Golden Triangle of Beverly Hills, on undisclosed terms.

Tease photo

Colony NorthStar Completes Sale of Townsend Group to Aon

Colony NorthStar Inc., a global real estate and investment management firm in downtown Los Angeles, has closed its previously announced sale of Townsend Group to Aon plc, a global professional services firm providing risk, retirement and health solutions and based in London, England.

Downtown Santa Monica Office Building Sells for $117 Million

Olive Hill Group LLC paid $117 million – $1,047 per square foot – for 520 Broadway, a six-story, 113,000-square-foot office building located in downtown Santa Monica.

Tease photo

Boston Private Equity Firm Sells El Segundo Office Building for $35.5 Million

Boston-based private equity firm TA Associates has sold an eight-story, 89,000-square-foot office building at 898 N. Sepulveda Blvd. in El Segundo for $35.5 million, according to broker Newmark Knight Frank.

Tease photo

Eight-Building Industrial Property Sold in Hawthorne for $27.6M

Hawthorne’s renaissance continues unabated as the home to Elon Musk’s SpaceX saw eight industrial properties sold to Terreno Realty Corp. for $27.6 million.

Tease photo

Prev