REAL ESTATE

Charles Dunn Co. Shutters Brokerage Business

Closure follows departures; firm’s property management unit will continue to operate

Charles Dunn Co. shutters brokerage biz.

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Car Rental Facility Gets Green Light

City Council approves $2 billion LAX project

The Los Angeles City Council on Oct. 31 unanimously approved a $2 billion contract for a consortium of 11 companies to build and operate a consolidated car rental facility near Los Angeles International Airport.

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Social Capital

Clubs oriented toward the creative class are popping up around Los Angeles

Social club scene expanding with two new offerings.

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LA Ranks Second in Tech Office Market Rent Growth

Los Angeles’ technology sector is growing — and so is the rent for tech office space, according to a recent study from real estate brokerage firm CBRE Group Inc.

Charles Dunn Shutters Brokerage Business

Property management group to continue operations

In a memo to staff and agents, Charles Dunn Co. Inc. gave notice Wednesday that the company’s brokerage business was folding.

CBRE Launches Hana Division Focused on Short-Term Office Space Market

CBRE Group announced a new company division Oct. 31 that aims to pair property owners with businesses that need office space for a short time.

Insurance Firm’s Shift: E&Y Plaza to 777 Tower

Both Financial District office buildings part of Brookfield portfolio

Lockton moves L.A. HQ from Ernst & Young Plaza to 777 Tower.

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$8,640 PSF for Rodeo Drive Retail

$96M for Brioni, Alexander McQueen shops

Rodeo Drive locale goes for $96 million.

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Rodeo Drive Retail Building Sells for $96M

Tenants include Kering brands Alexander McQueen, Brioni

Commercial real estate firm Cushman & Wakefield announced the sale of a prime retail building along prestigious Rodeo Drive in Beverly Hills for $96 million.

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Gateway Towers Sells for $106.25M

Manhattan-based Newmark Knight Frank has completed the $106.2 million sale of Gateway Towers in the South Bay, the real estate firm said Oct. 22.

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Architecture Firm Jerde Names New CEO

Prominent architecture firm Jerde Partnerships Inc. announced a leadership shake-up Oct. 22, naming Paul Martinkovic chief executive and moving current top executive John Simones to the position of board chairman.

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USC Health Campus Hotel Snags $49M Loan

Boyle Heights project gets backing from Canyon Partners Real Estate

Century City-based real estate investment firm Canyon Partners Real Estate provided a $49-million loan to finance the construction of the five-story, 200-room Hyatt House hotel

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CIM Gets Desmond on Miracle Mile

Brookfield sells 11-story retail, office building

CIM Group gets Desmond’s building in Miracle Mile.

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Creative Control

Tweaks to office trend include accommodations for some peace, quiet

Stand by for tweaks to the creative office concept.

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CIM Buys Historic Desmond Office and Retail Building in L.A.’s Miracle Mile District

Mid-Wilshire-based CIM Group Inc. acquired The Desmond, an 11-story, art deco office and retail building originally built in the late 1920s in the heart of the Los Angeles’ Miracle Mile district.

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