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

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

Developer Picks Up Westside Residential Property for $7 Million

California Landmark Group, a Westside-based developer, has purchased 10,000 square feet of property at 3812-3818 Dunn Drive in Los Angeles, adjacent to Culver City, from Westside-based real estate firm Napa Industries for $7 million or nearly $700 per square foot, according to NAI Capital.

Tease photo

Cerritos Towne Center Office Building Sells for $24 Million

West Coast Capital Partners, a Torrance-based real estate investment company, has purchased the five-story, 105,000-square-foot 12800 Center Court Drive South in Cerritos for about $24 million, or around $229 per square foot, according to sources close to the deal.

Tease photo

Prev