In a bid to tackle homelessness, the Los Angeles City Council announced on Feb. 21 that it had created a city-wide initiative to create a minimum of 3,300 supportive housing units.
A Los Angeles developer was charged Friday with illegally funneling tens of thousands of dollars to eight local politicians while trying to obtain a zone change in order to build a $72 million apartment building in Harbor Gateway.
Trend of increases holds up countywide, gains steam on periphery
Taking a look at the L.A. area’s highest- and lowest-rent neighborhoods.
L.A. tech workers face heavy mortgage costs for properties close to offices
Report: L.A. housing costs take hefty chunks out of Silicon Beach engineers’ hefty salaries.
Downtown developer Tom Gilmore has been named new board chair for the Central City Association, the downtown business group announced Feb. 21.
Newport Beach-based real estate investment firm Bixby Land Co. has sold for $17.5 million – or more than $163 per square foot – a 107,000-square-foot industrial property at 16200 Trojan Way in La Mirada, according to CBRE Group Inc.
A Morgan Stanley fund has paid $51 million – or more than $178 a square foot – to purchase a more than 286,000-square-foot industrial property in the City of Industry from a Charles Dunn Equities limited-liability company, according to CoStar Group.
Digital advertising company TubeScience; furniture dealership Systems Source; and market researcher H&M Innovation Labs, have taken space at The CalEdison Building in downtown Los Angeles.
Maguire Investments and San Francisco-based DivcoWest have sold the 260,000-square-foot Water’s Edge campus at 5510-5570 Lincoln Blvd. in Playa Vista for $190 million, or more than $656 per square foot, to Wedge Office, a limited liability company, according to CoStar Group Inc.
Century City-based real estate investment firm Magellan Group Inc. has sold two Commerce properties – one an industrial space and the other a self-storage facility – for a total of $77.6 million.
The Federal Public Defender in downtown is getting a new landlord.
Stun takes its content studio business west to Culver City.
Bell Partners Inc. has purchased a five-story, 264-unit, 210,000-square-foot apartment complex at 11622 Aviation Blvd in Inglewood for $123 million from San Diego-based Fairfield Residential, according to CoStar Group Inc.
New York’s CitizenM Hotels has purchased a 20,000-square-foot parking lot at the northwest corner of Spring and 4th streets in downtown for $13.5 million, or $675 a square foot, from Pasadena-based System Property Development Co. Inc. in an all-cash transaction, according to CoStar Group Inc.
The Malvern, Pa.-based real estate investment trust, Liberty Property Trust, has acquired the 400,000-square-foot Randolph Business Center at 5959 Randolph St. in Commerce for $92.7 million, or nearly $232 a square foot, from CalPERS and Seattle, Wash. investment manager Bentall Kennedy, according to CoStar Group Inc.