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DEVELOPMENT: Company behind high-rise project hopes to move forward with help from state environmental designation.Mixed-use tower project stands tall against opposition with help from state environmental designation.

By Bethany Firnhaber December 15, 2014 midnight   $$ Share

Largest L.A. Law Firm Relocates Following DaVinci Fire

Less than two weeks after a fire damaged its downtown L.A. headquarters, law firm Lewis Brisbois Bisgaard & Smith agreed to move to the iconic U.S. Bank Tower building at 633 W. Fifth St.

Maguire Secures Investment in Water’s Edge Campus

Real estate investment firm DivcoWest announced Thursday that it has completed a joint venture with storied L.A. developer Rob Maguire to gain an interest in his Playa Vista creative office campus, Water’s Edge.

Tutor Perini Settles Vegas Case

Tutor Perini Corp. has reached a nearly $190 million settlement with the owners of the CityCenter project in Las Vegas over a hotel that never opened due to alleged construction flaws.

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Uber Parks in Larger Santa Monica Offices

Despite a deluge of bad publicity in recent months, San Francisco ridesharing company Uber Technologies Inc. has decided to put down deeper stakes in Silicon Beach.

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Chinese Freight Firm Signs Large Lease in Cerritos

OTX Logistics Inc., an international freight-forwarder based in Hong Kong with U.S. headquarters in Los Angeles, has signed a lease to move inland from the South Bay to consolidate and expand its warehouse footprint by more than 360 percent.

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New York Co-Working Space Signs Large Santa Monica Lease

WeWork, a company that rents shared office space to fledgling entrepreneurs, has signed a 10-year lease for a little more than 40,000 square feet at 520 Broadway in Santa Monica.

Could Carson be Home of NFL Stadium?

The Los Angeles area already has three potential sites for an NFL football stadium. But now, there appears to be a fourth.

Caruso Closes on Sale of Palisades Site

Billionaire developer Rick Caruso announced Tuesday that his real estate company, Caruso Affiliated, has completed the purchase of a portfolio of retail properties in Pacific Palisades along Swarthmore Avenue.

Tutor Perini and Partners Get Big Dig Settlement

Tutor Perini Corp. and two joint venture partners have reached a $88.7 million settlement with the state of Massachusetts over litigation on the “Big Dig” project through central Boston.

Update: With Oaktree Backing, Mann Sells Two Parks

The Mann Biomedical Park in Valencia and Sylmar Biomedical Park in the San Fernando Valley, both owned by Alfred Mann, have been sold to Intertex Cos. in Valencia with financial backing from L.A. investment firm Oaktree Capital Management. Biomedical Park in Valencia has finally closed. It was acquired by Intertex Cos. in Valencia with financial backing from L.A. investment firm Oaktree Capital Management.

Colony to Pay $1.6 Billion for Industrial Portfolio

Santa Monica real estate investment trust Colony Financial Inc. announced Wednesday that it had agreed to acquire Cobalt Capital Partners, a real estate investment trust in Irving, Texas, for about $1.6 billion.

Burns & McDonnell Opens Pasadena Office

Burns & McDonnell, a global engineering, architecture, construction and environmental services firm based in Kansas City, Mo., has opened a new office in Pasadena, its fourth in California.

Oaktree to Expand Downtown L.A. Headquarters

Downtown L.A. asset management firm Oaktree Capital Management has signed a lease to extend and expand its headquarters in the area.

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Koreatown Apartments Flipped, To Be ‘Repositioned’

Apartment buildings in Koreatown continue to be a popular buy for investors. Murano Apartments, a 46-unit multifamily property at 342-50 S. Catalina St., was sold recently to Beverly Hills real estate company SM Management for $11.6 million, or about $252,000 a unit. The seller, San Mateo investment group TDA Inc., had purchased the building for $5.1 million in 2002, according to CoStar. The property was entirely occupied at the time of sale.

Paley Center Site Draws Top Dollar

The Paley Center for Media property sold last week for the highest off-Rodeo Drive price paid for a Beverly Hills retail property since 2007.