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Handing a victory to developers, a judge this week overturned a measure enacted last year by Malibu voters to limit retail developments involving chain stores.
CIM Group of Los Angeles appears set to build the tallest residential tower west of the Mississippi River. CIM has closed on a $14.5 million purchase of nearly 2 acres in downtown Austin, Texas, the Austin American-Statesman reports.
Adler Realty Investments Inc. of Woodland Hills has sold a 210,281-square-foot office complex in Long Beach for $35.2 million to a joint venture that aims to convert it to a creative office space.
Westwood’s CityView announced Monday it has sold four multifamily properties in Los Angeles County that it acquired at deep discounts during the downturn. It did not say how much it had paid for the properties, but said it sold them for $141 million. The properties are located in Hollywood, North Hollywood, Covina and La Mirada.
Downtown L.A. real estate giant CBRE Group Inc. is expanding its retail footprint in the Midwest.
A fund formed by San Francisco real estate investment firm Roxborough Group and Santa Monica investment firm Montana Avenue Capital Partners has reeled in a big one.
UCLA has purchased the former headquarters of Occidental Petroleum Corp., which relocated to Houston last year, for $92.5 million.
Capital Group Cos., one of downtown L.A.’s biggest tenants, made a commitment last month to stay at 400 S. Hope St. for 15 more years after its lease runs out in 2018.
New York Life Real Estate Investors has made a $131.3 million bet on Culver City.
SIM Group, which provides services to the entertainment industry, signed a 10-year lease last month for 65,000 square feet at the Eastman Kodak Co. campus at 1017 N. Palmas Ave. in Hollywood. Sources said the lease is valued at almost $45 million.
Adler Realty Investments Inc. of Woodland Hills has purchased a 100,000-square-foot office building in Calabasas for $24 million from Santa Monica’s Century National Properties Inc.
After converting downtown L.A.’s historic PacMutual building into sought-after creative space and selling it for $200 million last month, Houston real estate investment firm Lionstone Investments and downtown developer Rising Realty Partners will soon be at work on another old building downtown.
Hakim Holdings has purchased a four-story, 61,000-square-foot Class B office building at 9350 Wilshire Blvd. in Beverly Hills. The firm shelled out $48 million late last month to Lexington Commercial Holdings for the property in the city’s famed Golden Triangle retail sector.
Long Beach’s fast-growing managed care provider Molina Healthcare Inc. recently signed a deal that will expand its footprint on its home turf.
Petaluma beer firm Lagunitas Brewing Co. has signed a 254,800-square-foot lease at 10th Street Center, a new three-building, 342,600-square-foot industrial business park on 21.6 acres on 10th Street in Azusa.