REAL ESTATE

IPO in the Works for Cushman & Wakefield

Cushman & Wakefield has filed paperwork with the Securities and Exchange Commission for its proposed initial public offering, the commercial real estate brokerage announced.

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WC+A Moving to Row DTLA

Advertising and graphic design studio Williams Corsi & Associates will move in September to 12,000 square feet at Row DTLA, located at 777 S. Alameda St. in downtown Los Angeles, after signing a 5-year lease.

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$40 Million Fund Launched for Real Estate Startups, Tech

CBRE Group Inc., RXR Realty and Cushman & Wakefield are investors in MetaProp

New York-based real estate venture capital firm MetaProp has launched a $40 million fund that has attracted CBRE Group Inc., RXR Realty and Cushman & Wakefield.

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Create Advertising Moving to 42,000 SF in Mid-Wilshire

Entertainment advertising agency Create Advertising Group has signed an 11-year lease for 42,000 square feet of office space at the Harbor Building at 4201 Wilshire Blvd in the Mid-Wilshire area.

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Sunset Boulevard Office Building Purchased for $37.8 Million

Vanbarton Group, a New York-based real estate investment firm, has purchased a five-story, 74,000-square-foot office building at 6725 Sunset Blvd in Hollywood from Costa-Mesa based Crown Realty & Development Corp. for $37.8 million, or around $512 per square foot.

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ZipRecruiter Moves to New 45,000 SF Space in Santa Monica

ZipRecruiter Inc. has moved its headquarters into 45,000 square feet of office space at 604 Arizona Ave. in Santa Monica, consolidating what were two offices in the city.

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Taft Building in Hollywood Sold for $70 Million

The Taft Building, located on the famed corner of Hollywood and Vine, has been sold in an off-market transaction to a joint venture of El Segundo-based developer Ocean West Capital Partners and Westbrook Partners of New York for approximately $70 million, according to sources.

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Rolling Hills Medical Building Sold for $12.7 Million

Dayani Partners, a Beverly Hills-based real estate investment company, has purchased a four-story, 34,000-square-foot medical office building at 501 Deep Valley Drive in Rolling Hills Estates for $12.7 million, or about $398 per square foot.

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New COO at KB Home

KB Home has named Matthew Mandino as the Westwood-based homebuilder’s newest chief operating officer.

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Marina del Rey Warehouse Sold for $22.3 Million

Westside-based Montana Avenue Capital Partners has purchased a 56,300-square-foot warehouse located at 5005 McConnell Ave. in Marina del Rey for $22.3 million or $396 per square foot from Maria Creative Office of Mustang, Okla.

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Real Estate Accounting Expert Stan Ross, 82

Obituary

Stan Ross, who had a major and profound influence on real estate accounting through his long career, died at age 82 on Sunday from complications of a stroke.

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Five-Building, 27-Acre Campus in Torrance Sold for $124M

Minneapolis-based real estate firm FRM Associates has purchased a five-building, 574,000-square-foot, 27-acre campus at 3100-3110 Lomita Blvd and 3121 Skypark Drive in Torrance for $124 million, or $216 per square foot, nearly double what its sellers paid for it in 2016, according to CoStar Group Inc.

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London-Based Arup Engineering Taking 66,000 SF in Wilshire Grand

London-based Arup Engineering is moving its regional office from Playa Vista to downtown Los Angeles after signing a 15-year, $57 million lease for 66,000 square feet at the Wilshire Grand office tower, located at 900 Wilshire Blvd.

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WeWork to Open First El Segundo Location

WeWork Cos. Inc. plans to open three floors of space at Pacific Corporate Towers, located 222 N. Sepulveda Blvd in El Segundo in the fall of this year.

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City Sues Van Nuys Motel in Criminal Crackdown

Los Angeles City Attorney Mike Feuer has filed a lawsuit against the owners of the Hyland Motel on Sepulveda Boulevard in Van Nuys seeking an injunction to curb alleged drug sales, prostitution and violent gang crime at the property, the city attorney’s office announced Thursday.