Los Angeles Business Journal

LA REAL ESTATE

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

Twitter Wings Way to New Santa Monica Space

LEASE: Social media giant sheds temporary outpost, signs up for five years.Another major Silicon Valley company is getting serious about Silicon Beach.

By Bethany Firnhaber April 7, 2014 midnight   $$ Share

CIM Buying Farmers Insurance Complex

Hollywood developer CIM Group on Monday said that it has agreed to buy Farmers Insurance Group's longtime headquarters on Wilshire Boulevard.

L.A. Airport Board Recommends Palmdale Lease

The Los Angeles Board of Airport Commissioners recommended approval on Monday of a five-year lease with Japanese railcar manufacturer Kinkisharyo International LCC for space in Palmdale.

Farmers Market Owner Gets Line on $100 Million

A.F. Gilmore Co. has obtained a $100 million credit facility from Wells Fargo Bank, secured by its iconic Farmers Market retail center in the Fairfax District.

McMorrow Makes Gift to USC Marshall

The University of Southern California and its Marshall School of Business announced Tuesday that local real estate executive William J. McMorrow made a substantial gift to the school to establish a global real estate program.

Century Plaza Partners Shuffle

REAL ESTATE: Hines to buy major stake in record valuation.

Co-owners of Century Park to shift their stakes in a deal that would yield a record valuation.

David Nazarian Gives $10 Million to CSUN Biz School

Cal State Northridge will rename its business school after David Nazarian following a $10 million gift by the L.A. tech and real estate investor.

Large PennyMac Stockholder Paring Stake

Shares of PennyMac Financial Services Inc. fell more than 6 percent Tuesday after its largest shareholder began selling off its stake.

OWN to Move to West Hollywood

The Oprah Winfrey Network signed a lease Monday to move from the Miracle Mile to West Hollywood, a deal real estate insiders have anticipated for months.

Tease photo

Old Ford Factory May Shift Gears

REAL ESTATE: Site seen as likely mixed-use development.

Plans for former Ford plant could rev up downtown L.A.’s Arts District.

Appeals Court Rules for Newhall Ranch Developer

The Second District Court of Appeals on Thursday overturned a lower court ruling that had found environmental review of the planned Newhall Ranch development in the Santa Clarita Valley was inadequate.

Hudson Pacific Prices Stock Offering

Shares of Hudson Pacific Properties Inc. rose slightly on Thursday after the office landlord priced a 3.5 million share secondary offering of stock being sold by shareholders.

Better-Than-Expected Quarter for KB Home

Shares of KB Home rose nearly 6 percent on Wednesday after the home builder said it moved to a profit in its fiscal first quarter and new home orders had increased.

Landlords Want to Toss Eviction Bill

POLITICS: Proposal would limit owners’ ability to sell properties.

L.A. landlords look to boot a proposed bill that would limit their ability to evict tenants.

Burbank Tower Coming Up Short

A 32-story tower in the heart of Burbank’s media district – the tallest office building in its market – is expected to trade hands next week in a deal many consider a steal.

Earnings Roundup: Rentech, Marcus & Millichap

Shares of Rentech Inc. and its Rentech Nitrogen Partners spinoff fell on Tuesday after the parent company reported lower fourth-quarter revenue and a larger loss than Wall Street expected. Marcus & Millichap Inc. also reported a net loss due to higher costs from last fall's IPO.