West L.A.’s Rexford Industrial Realty Inc. has purchased the six-building Rancho Pacifica Industrial Park in Rancho Dominguez for $210.5 million, or $180 a square foot, from downtown’s CBRE Global Investors Ltd., according to a statement.
Coworking startup WeWork has signed a lease to occupy the entire seventh and eighth floors of Pacific Design Center’s RedBuilding in West Hollywood, adding 70,000 square feet to its portfolio of 13 L.A. County locations.
The iconic Bradbury House at 102 Ocean Way in Pacific Palisades has sold for $12 million to a local woman who intends to make it her primary residence, according to John Aaroe Group, which represented the seller.
Developer bills project as new green standard, relief on housing crunch
A 21,500-home community has finally gotten the green light after years of legal and environmental challenges.
Half of the massive Newhall Ranch development project sailed through approvals Tuesday at a public hearing by the Los Angeles County Board of Supervisors.
ACQUISITION: China-linked buyer plans to build 24-story residential-retail building.
A parcel near downtown’s Financial District sold last month for $26.5 million, or $795 a square foot, to a developer that plans to build a 24-story condominium tower in place of a decades-old motel.
Fifth Wall Ventures plans to launch an accelerator program aimed at companies valued under $20 million in the real estate tech space, the firm announced Wednesday.
Prominent L.A. commercial real estate developer David Wilstein, founder of Realtech Construction Co., died Sunday at age 89, executives at the company announced Monday.
Not all Santa Monica Promenade landlords have been sold on plans to improve the tenant mix.
CONSTRUCTION: Spike in revenue, completed projects boosts KB Home earnings.
Westwood-based national homebuilder KB Home reported positive second-quarter earnings last week, spurred by an increase in revenue and completed projects, according to a June 27 filing with the Securities and Exchange Commission.
Paul Matt, the co-founder and chairman of downtown-based Matt Construction that built major L.A. projects including the Broad museum and Waldorf-Astoria Hotel, died on Friday. He was 85.
The Los Angeles Times has no immediate plans to relocate operations after its historic downtown headquarters was sold nine months ago, despite media reports to the contrary, a spokeswoman for the newspaper said.
A pair of hotels in El Segundo near Los Angeles International Airport sold last month to New York’s Blackstone Group for nearly $97 million, public records show.
REAL ESTATE: Two tenants could boost occupancy at newly opened tower.
Two leases could get the towering Wilshire Grand Center halfway to filling its office space.
ACQUISITION: Rexford’s $30.5 million deal expands holdings in tight submarket.
West L.A.-based real estate investment trust Rexford Industrial got a toehold in one of the country’s tightest industrial submarkets.