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The NoHo Commons retail center, a seminal North Hollywood development, has been acquired by an Orange County investment firm for $43 million, or about $681 a square foot, according to real estate data provider CoStar Group Inc.
Lewis Brisbois Bisgaard & Smith is staying put.
A Burbank shopping center near the 5 freeway and Alameda Avenue has sold for $48.6 million, or about $650 a square foot. The sale far exceeded the $272-a-square-foot average sale price for the submarket, according to CoStar Group Inc.
A Van Nuys developer wants to put up a 369,000-square-foot, mixed-use project in Woodland Hills that would include 170 residential units and a 19-story office tower.
Boeckmann Family Trust, a trust connected to the family that owns the 10 Galpin auto dealerships in the region, has purchased a 74,072-square-foot, two-story Class B warehouse on a 5-acre lot in San Fernando. The reason: Its Galpin Honda needed extra space to park cars.
Cushman & Wakefield Inc., one of the biggest real estate firms in the world, will be acquired by DTZ, a global real estate services firm backed by private equity firm TPG Capital, in a deal valued at about $2 billion.
Chicago real estate giant Jones Lang LaSalle Inc. acquired Brentwood retail brokerage and capital markets firm Wilson Retail Group for an undisclosed sum in a deal that closed May 7.
Tutor Perini Corp. Gets $56.3 Million Contract Tutor Perini Corp. has won a $56.3 million contract from Amtrak for the Hudson Yards project in New York City.
Century City real estate investment firm Optimus Properties has dropped $24.3 million on a South L.A. shopping center it had been eyeing since 2001.
Santa Monica mall operator Macerich Co. announced Monday the company is adding two independent directors to its board and ending its stockholder rights plan or “poison pill” in a move aimed at placating activist investors.
Downtown L.A. commercial real estate giant CBRE Group Inc. has acquired one of its affiliates, CBRE Columbia, a commercial real estate services firm in South Carolina.
Miracle Mile developer J.H. Snyder Co. has signed its first lease for a creative office campus it is building in Hollywood.
A state judge on Thursday halted plans for two massive and controversial skyscrapers in Hollywood, ruling that the city of Los Angeles failed to adequately assess the $1 billion project’s traffic and neighborhood impacts.
St. Louis Rams owner Stan Kroenke’s Kroenke Group, a Columbia, Mo., real estate investor and developer, acquired a portfolio of five retail properties in the San Fernando Valley last month for $115 million.
Joss Realty Partners, a New York real estate investment firm making its first investment on the West Coast, has entered the market in a big way, buying a Santa Monica office building for the highest price per square foot ever in Los Angeles County.