Hong Kong-based Austin Pang Gloves Manufacturing Corp. has purchased a newly-constructed, 72,000-square-foot building at 17343 Freedom Way in the City of Industry for $13.4 million or about $185 per square foot.
The FBI has arrested commercial real estate developer Arman Gabaee, co-founder and co-managing partner of the Hollywood-based Charles Co., on criminal charges alleging he illegally paid off a Los Angeles County government employee who negotiated leases on the county’s behalf.
Los Angeles Football Club has signed a lease for 25,000 square feet of office space to house its headquarters at 818 W. 7th St. in downtown Los Angeles, CBRE Group Inc. announced.
San Francisco-based investment firm DivcoWest Real Estate Services has entered into a $300 million joint venture with the California State Teachers’ Retirement System, which will focus on acquiring commercial real estate throughout the nation.
REIT also picked up industrial space in Anaheim, sold Ontario properties
Rexford Industrial Realty Inc., a Westside-based real estate investment trust, has bought two industrial properties – one in Commerce, the other in Anaheim – for a total price of $127.1 million, the company announced.
WeWork Cos. Inc. is donating space at its 10250 Constellation Blvd location in Century City to house the headquarters of Clean Energy Smart Manufacturing Innovation Institute (CESMII), a $140 million partnership between UCLA, the City of Los Angeles, the U.S. Department of Energy and the private sector.
New York-based public relations and marketing company Edelman has signed a five-year extension of its lease at 5900 Wilshire Blvd on the Miracle Mile, landlord Ratkovich Co. announced.
Dual-branded Hyatt hotels are under development near Los Angeles International Airport at 5959 W. Century Blvd, according to the hotel company and CaRE Development/5959, an affiliate of Westside-based California Real Estate Regional Center.
Anschutz Entertainment Group has proposed a $1.2 billion expansion of the Los Angeles Convention Center that would add as much as 350,000 square feet to the facility, including 250,000 square feet of meeting rooms.
Home security company Ring is moving its headquarters from Santa Monica to Hawthorne early next year, becoming the latest technology business to set up shop in the city that once was an aerospace hub.
London & Regional Properties, a United Kingdom-based real estate developer, has purchased its first U.S. hotel, the 283-room Hotel MdR – a DoubleTree by Hilton Hotel at 13480 Maxella Ave. in Marina del Rey, according to HFF Inc., a Dallas-based capital markets and commercial real estate brokerage firm.
Greensboro, N.C.-based real estate investment company Bell Partners Inc. has acquired its second Los Angeles County multifamily property, The Ellington, a 212-unit apartment complex at 3330 E. Foothill Blvd in Pasadena, and renamed it Bell Pasadena, for an undisclosed purchase price.
Van Nuys-based Sikand Properties has sold an eight-property portfolio of apartment buildings with 644 total units in Hollywood, Pasadena and elsewhere in Los Angeles County for nearly $162 million.
Prologis Inc., a San Francisco-based real estate investment trust, announced it will purchase DCT Industrial Trust Inc. of Denver for $8.4 billion in a stock transaction which includes the assumption of debt, the companies have announced.
Los Angeles County’s largest-ever home sale has occurred in Malibu, where Hard Rock Café co-founder Peter Morton sold his beachfront house for $110 million, or $13,750 per square foot.