Trailer Park Agency Expands Hollywood Office Space

Entertainment marketing agency Trailer Park again has expanded its Hollywood foothold, announcing a lease for nearly 103,000 square feet of office space at 6922 Hollywood Blvd, property owner Hudson Pacific Properties Inc. announced.

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Los Angeles Developer Charged with Illegal Campaign Donor Scheme

A Los Angeles developer was charged Friday with illegally funneling tens of thousands of dollars to eight local politicians while trying to obtain a zone change in order to build a $72 million apartment building in Harbor Gateway.

Rent Hikes Move to Suburbs

Trend of increases holds up countywide, gains steam on periphery

Taking a look at the L.A. area’s highest- and lowest-rent neighborhoods.

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Affordable Homes Elude Even High Earners

L.A. tech workers face heavy mortgage costs for properties close to offices

Report: L.A. housing costs take hefty chunks out of Silicon Beach engineers’ hefty salaries.

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L.A. City Council Announces Homeless Housing Commitment

In a bid to tackle homelessness, the Los Angeles City Council announced on Feb. 21 that it had created a city-wide initiative to create a minimum of 3,300 supportive housing units.

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Tom Gilmore Named New Board Chair for CCA

Downtown developer Tom Gilmore has been named new board chair for the Central City Association, the downtown business group announced Feb. 21.

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La Mirada Industrial Property Sells for $17.5M

Newport Beach-based real estate investment firm Bixby Land Co. has sold for $17.5 million – or more than $163 per square foot – a 107,000-square-foot industrial property at 16200 Trojan Way in La Mirada, according to CBRE Group Inc.

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City of Industry Industrial Property Sells for $51 Million

A Morgan Stanley fund has paid $51 million – or more than $178 a square foot – to purchase a more than 286,000-square-foot industrial property in the City of Industry from a Charles Dunn Equities limited-liability company, according to CoStar Group.

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CalEdison Inks New Tenants TubeScience, Systems Source and H&M Innovation Lab

Digital advertising company TubeScience; furniture dealership Systems Source; and market researcher H&M Innovation Labs, have taken space at The CalEdison Building in downtown Los Angeles.

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Water’s Edge Office Campus in Playa Vista Sells for $190 Million

Maguire Investments and San Francisco-based DivcoWest have sold the 260,000-square-foot Water’s Edge campus at 5510-5570 Lincoln Blvd. in Playa Vista for $190 million, or more than $656 per square foot, to Wedge Office, a limited liability company, according to CoStar Group Inc.

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Two Commercial Properties in Commerce Sell for $77.6 Million

Century City-based real estate investment firm Magellan Group Inc. has sold two Commerce properties – one an industrial space and the other a self-storage facility – for a total of $77.6 million.

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Little Tokyo Office Building Sells for $18 Million

The Federal Public Defender in downtown is getting a new landlord.

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New HQ, New Culver City Soundstage for Content Studio Stun and Employees

Stun takes its content studio business west to Culver City.

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264-Unit Apartment Sells in Inglewood for $123 Million

Bell Partners Inc. has purchased a five-story, 264-unit, 210,000-square-foot apartment complex at 11622 Aviation Blvd in Inglewood for $123 million from San Diego-based Fairfield Residential, according to CoStar Group Inc.

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CitizenM Hotels Buys Downtown Parking Lot for $13.5M

New York’s CitizenM Hotels has purchased a 20,000-square-foot parking lot at the northwest corner of Spring and 4th streets in downtown for $13.5 million, or $675 a square foot, from Pasadena-based System Property Development Co. Inc. in an all-cash transaction, according to CoStar Group Inc.