LA REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...PennyMac Financial Provides IPO Details
PennyMac Financial Services said Monday it planned to raise $200 million though a previously announced initial offering by selling 11.1 million shares at a price range of $17 to $19.
Thomas Properties to Move to NYSE
Thomas Properties Group Inc. said it would transfer its stock listing from the Nasdaq Global Market to the New York Stock Exchange next week in an effort to boost investor interest in its common shares.
Building Side Career in Show Biz
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Developer Andrew Meieran is plenty busy. He owns downtown L.A. nightclub the Edison and has undertaken the multiyear, multimillion-dollar redo of the nearby Clifton’s Cafeteria.
Investment Group Has Armani Boutique in the Bag
ACQUISITION: Jenel takes Beverly Hills retail-office property for $40 million.
The Beverly Hills home of Emporio Armani Boutique has been sold for an estimated $40 million.
Caruso Announces Changes for Americana at Brand
Caruso Affiliated on Wednesday announced more than $60 million in renovations at Americana at Brand, largely aimed at the Brand Boulevard side of the Glendale shopping center.
License to Lease
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For those who don’t know commercial real estate, the license plate on Paul Sablock’s GMC Suburban doesn’t mean much. It reads 32FTCLR.
Pacific Design Center Looks to End Vacancy Streak
REAL ESTATE: Vet exec brought in to land first tenants for Red Building.
Pacific Design Center brings in vet exec to get a new lease on life in signing Red Building tenants.
Redondo Beach Moves to Shore Up Hotel Options
HOSPITALITY: Hilton and Marriott projects to add 319 total rooms to city.
Springtime in Redondo Beach has brought new life to the hotel industry in the beachside city.
Hollywood Surprise
COMMENT
It’s a mighty tall order to accept the height of Millennium Hollywood’s proposed towers, Charles Crumpley writes.
Studios’ Next Stages
Real Estate Quarterly
Three Hollywood studios expand their roles in the real estate market with large local projects.
L.A. COUNTY: Returned Space Bumps Up First Quarter Vacancies
Real Estate Quarterly
The broader Los Angeles County commercial real estate market lost ground in the first quarter and the countywide vacancy rate inched higher as more inventory came back on the market.
DOWNTOWN L.A.: Asking Rents Decline as New Property Owners Pursue Tenants
Real Estate Quarterly
For years, it’s been the biggest anomaly in the downtown L.A. office market: Despite soaring vacancy rates and much more space being put on the market than absorbed in new deals, Class A monthly asking rents stayed stuck at nearly $3.20 a square foot.
HOLLYWOOD: Sky’s the Limit on Development After Height Restrictions Lifted
Real Estate Quarterly
The first quarter vacancy rate in Hollywood rose to its highest level in a year, though it remained the lowest in all of Los Angeles County.
WESTSIDE: Media Content Companies Help Tech Firms Fill Creative Space
Real Estate Quarterly
Back in the tech boom, creative space was in demand on the Westside as startups and spin-offs sought out seaside locations that appealed to the high-caliber employees they wanted to hire and near the beach communities where staff and executives alike wanted to live.
WILSHIRE CORRIDOR: Miracle Mile Rates Go Distance In Boosting Wilshire Submarket
Real Estate Quarterly
Wilshire Corridor opened the year with a steady performance, charting barely perceptible changes in quarterly vacancy and asking rates. But the submarket, which runs from downtown Los Angeles to Beverly Hills, reported marked improvement in year-over-year asking rates even as occupancy declined.
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