LA REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
Digital media firm Point.360 reported a net gain of $1.6 million on the sale of an excess property the company owned near the crossing of Lexington Avenue and Vine Street in Hollywood.
A European affiliate of Beverly Hills real estate investment and services firm Kennedy Wilson has closed $1.2 billion worth of deals for properties in the United Kingdom.
The return of the bubble? Thanks to the economic recovery, the Westside tech boom, the end of the foreclosure wave and the return of cash-rich investors, L.A. has hit a milestone: The median home price has topped $500,000 for the first time in seven years.
Deep-discount retailer 99 Cents Only Stores Inc. has signed a mammoth lease for 615,000 square feet in the City of Commerce – the largest industrial infill lease ever signed in Los Angeles County.
Tutor Perini Corp. has received a $255 million contract for construction of an 82-story, mixed-use apartment tower along Biscayne Bay in Miami.
Downtown Los Angeles commercial real estate firm CBRE Group announced Monday that Ray Wirta has been chosen to succeed Richard Blum as chairman.
J2 Global Inc. on Thursday reported a 26 percent rise in first-quarter net income, as the Hollywood provider of media services saw increasing strength in its cloud data backup services business. Marcus & Millichap Inc. reported soaring revenue the quarter, citing the continued recovery of the commercial real estate market. Apollo Medical Holdings Inc. reported a narrower loss and higher revenue in its last fiscal year, crediting a string of recent acquisitions and expansions.
Shares jumped Wednesday for Health Net, Live Nation Entertainment, and Activision Blizzard after the companies reported better-than-expected first quarter results. PennyMac Mortgage Investment Trust struggled, but affiliate PennyMac Financial Services met analyst expectations.
Camden Property Trust said today it had signed a 20-year lease with New York fitness club Equinox to take the entire 40,000-square-foot retail component of the Camden, a 287-unit residential project in development on Vine Street at Selma Avenue. The facility will be Equinox’s 15th in Los Angeles County.
KB Home has purchased land to build two new subdivisions in Santa Clarita, the company announced Friday.
Shares of CBRE Group Inc. rose nearly 9 percent on Thursday after the real estate services giant reported better-than-expected first quarter net income and revenue growth.
Extended-stay and corporate housing specialist Oakwood Worldwide on Wednesday announced a $4 billion joint venture deal that is expected to more than triple its global reach over the next five years.
American Homes 4 Rent announced Wednesday the pricing for its secondary offering of preferred shares.
Downtown L.A. real estate company Rising Realty Partners announced today that its equity partner in the historic Pac Mutual building, New York investment firm Mount Kellett Capital Management, had sold its stake to Houston pension fund advisor Lionstone Group for an undisclosed price.
American Homes 4 Rent on Thursday announced yet another public offering of preferred shares as it continues to acquire rental homes across the country.