Downtown’s Music Center Plaza will receive a $40 million facelift, the performing arts complex announced Tuesday, thanks to funding by Los Angeles County and the Music Center.
Co-working firm Spaces is taking space in Hollywood – its first lease in the famed Los Angeles neighborhood – as the Dutch company continues to expand in the Los Angeles and Southern California market, according to CBRE Group Inc.
The $14 million sale of a century-old, seven-story office building in the Jewelry District to a developer with plans for offices, restaurants and an art gallery will continue the trend of change in downtown Los Angeles.
New York–based Deutsche Asset & Wealth Management has acquired Campus 2100 in El Segundo for $117 million, or about $574 per square foot, according to CoStar Group Inc.
Two of the 10 biggest hotel transactions in the U.S. this year involved L.A. properties, according to a list published yesterday on Santa Barbara real estate technology firm Yardi Systems Inc.’s blog Commercial Café.
Westfield Corp., owner of the Westfield Topanga & the Village in Woodland Hills, was acquired by French commercial real estate firm Unibail-Rodamco for $16 billion, the companies announced Tuesday.
El Segundo mortgage company Venture West Funding Inc. announced Tuesday it arranged nearly $51 million in loans to refinance two newly-constructed apartment buildings totaling 120 units.
Downtown Los Angeles water developer Cadiz Inc. is back in the courthouse. A coalition of environmental and health safety groups filed a lawsuit in federal court late Tuesday seeking to overturn a federal government agency’s recent decision that would allow Cadiz to build a pipeline for its planned Mojave Desert water project.
Century City-based Canyon Partners Real Estate said it provided a $63.5 million loan to an affiliate of Portland-based PHK Development Inc. to finance construction of a seven-story, 162-unit condominium project.
Encino-based brokerage Investment Real Estate Associates announced the $10.2 million sale of a 20-unit, non-rent controlled Flight Ave. Apartments.
Doheny Eye Institute of Boyle Heights has acquired a four-story Pasadena office building for $50 million, according to Downtown-based Charles Dunn Co. The center bought the 123,203-square-foot property at 150 N. Orange Grove Blvd., and will be moving to the new location in the fourth quarter of 2018 from its current headquarters, at 1355 San Pablo St., a building on the County-USC medical campus, according to the brokerage firm.
Football, transit boost residential – office market in line?
Commercial development is booming in Inglewood, and residential real estate is anticipated to follow.
The campus of DreamWorks Animation in Glendale has been sold for $290 million to a partnership that includes South Korean investors.
Downtown-based Gensler, a global architecture, design and planning firm, was selected to redevelop a portion of the former Northrop Grumman Corp.
A two-story office property at 588 Atlas St. in Monterey Park was recently acquired by In Christ Community Church for $10 million.