REAL ESTATE

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

Arizona State Announces Move into Herald Examiner Building

Arizona State University will occupy the vast majority of the Los Angeles Herald Examiner building in downtown, the university said Aug. 17. The move signals the school’s growing entry into California, and a facelift for a historic, century-old structure.

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CBRE Reorganizes Structure, Executive Team

The downtown Los Angeles-based CBRE Group Inc. is reorganizing its structure into three global businesses: Advisory services, global workplace solutions and real estate inves

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Greenland Lands $310M Loan for Metropolis’ Third Tower in DTLA

Cottonwood Group, a downtown Los Angeles-based real estate investment firm, and Natixis, a French lender, have arranged a $310 million senior construction loan facility to complete the third luxury residential tower in Greenland USA’s Metropolis project.

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Xenon Investments Corp. Picks Up Las Palmas Villa Apartments for $28 Million

The 81-unit Las Palmas Villa Apartments in Hollywood Hills has sold for just over $28 million, according to CBRE Group Inc.

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Inception Launches Cannabis REIT

The Inception Cos., a cannabis-focused private investment companies with offices in Beverly Hills and London, has launched a cannabis-focused real estate investment trust.

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Mary Ricks Named President at Kennedy Wilson

Beverly Hills-based real estate investment firm Kennedy Wilson has named long-time executive Mary Ricks as its president, a newly-created position.

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Four Industrial Buildings in Commerce Sell for More Than $20M

Karney Properties Co., a Brentwood-based real estate firm, has sold four industrial buildings totaling roughly 120,000 square feet in Commerce for more than $20 million.

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Colliers Acquires Glendale’s CBC Advisors and Adds 10th Area Office

Toronto-based Colliers International Group Inc. has closed on its purchase of CBC Advisors in Glendale, a commercial real estate brokerage franchise, according to Colliers.

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Aecom Announces Repurchase of $150M of Shares

Century City engineering and construction firm Aecom on Aug. 9 announced the repurchase of $150 million worth of shares, the initial action under a $1 billion share repurchase authorization from the board last September.

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Culver City DoubleTree Hotel Acquired for $151.5M

Woodbine Development Corp., a Dallas-based real estate firm, has purchased the 375-room, 255,000-square-foot DoubleTree by Hilton Hotel and its two acres of land at 6161 W. Centinela Ave. in Culver City for $151.5 million from private equity firm Carlyle Group of Washington, D.C., according to industry tracker CoStar Group Inc.

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Five Office Buildings in Cerritos Acquired for $89.5 Million

Cress Capital, a Newport Beach-based private equity firm, has purchased a portfolio of five office buildings totaling nearly 462,000 square feet at Cerritos Towne Centre for $89.5 million from Principal Real Estate Investors, a Des Moines, Iowa-based limited liability company.

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El Segundo Campus Sold for $39 Million

Atlas Capital Group, a New York-based real estate investment firm, has purchased Insite, a two-building, 102,000-square-foot office campus at 2030 E. Maple Ave. in El Segundo for $39 million from SteelWave, a property firm from Foster City, Calif.

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CBRE Global Investors Moving HQ in Downtown

CBRE Global Investors will move its headquarters about one block from its current location at City National Plaza after signing a lease for 32,000 square feet at the Figueroa at Wilshire building at 601 S. Figueroa St., according to landlord Brookfield Properties.

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Silicon Beach Report Aug. 6: Facebook Joins Forces With MomentFeed Startup

Facebook joins forces with MomentFeed startup; Zillow hires exec to lead digital content; SpaceX plans second reusable launch

Highland Residences in Hollywood Sells for $52M

Goldrich Kest, a Culver City-based property owner and manager, has purchased the Highland Residences, a six-story, 76-unit, 68,000-square-foot apartment building at 1411 N. Highland Ave. in Hollywood, for $52 million.

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