LA REAL ESTATE

Daiso Inks Lease at Former American Apparel Distribution Center

Daiso California is taking over American Apparel’s former worldwide distribution center, a 220,000-square-foot warehouse in La Mirada owned by Prologis Inc.

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Spanish Broadcasting System’s Century City Office Fetches $14.7 Million

Miami-based Spanish Broadcasting System Inc. has sold its Century City office building in a fast-tracked deal that the buyer said was brought about by financial pressures.

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Dearden’s Puts Prime Downtown Property On Market

The pending closure of 107-year-old Southern California furniture chain Dearden’s is putting its local real estate portfolio into play.

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Subway Might Deliver Beverly Hills 9021 Uh-Oh!

TRANSIT: Station work slated for Golden Triangle

Some local leaders fear subway work in Beverly Hills could bury some businesses.

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California Market Center Opens Door to Investor

SALE: Brookfield acquires hefty stake from Jamison in deal valued at $220 million.

Koreatown-based Jamison Properties’ recent deal to sell a significant stake of its California Market Center to New York-based Brookfield Asset Management Inc. has brought a forward focus to the 1.8 million-square-foot campus in downtown’s Fashion District.

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ArcWest Partners Acquires Historic Silver Lake Office Building

Downtown’s ArcWest Partners announced Wednesday the firm has acquired a 30,000-square-foot historic office building in Silver Lake.

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Ares Management and TruAmerica Multifamily Acquire Arizona Apartment Building in $30 Million Deal

Subsidiary funds of asset management firms Ares Management and TruAmerica Multifamily announced Tuesday they have acquired a 240-unit apartment building in Avondale, Ariz., in a transaction valued at nearly $31 million.

OpenGate Capital Accused of Selling Facility Used by Mexican Drug Cartel

An L.A.-based private equity firm is being called into court for the allegedly fraudulent sale of a property in Mexico that the buyer says has ties to a drug cartel run by Joaquín “El Chapo” Guzmán.

City Planners Release Revised Hollywood Community Plan

L.A. city planners on Tuesday released a revised community plan to steer development in Hollywood, more than three years after a judge threw out an earlier plan citing faulty growth assumptions.

Jamison Sells California Market Center Stake for $220 Million

Koreatown-based Jamison Properties has sold a stake of its California Market Center, a 1.8 million-square-foot office complex in downtown primarily serving the fashion industry, to Brookfield Asset Management Inc., the companies announced Friday.

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MLS Operators Look to Mergers as Online Rivals Click With Buyers

Curbed Appeal

Operating a multiple listing service has become a tough sell as rivals flourish online.

Quake Alert System Takes Crack at Condo Tower

SAFETY: Early Warning Labs hopes shakeout from installation raises profile.

Condo tower has opened its doors to Early Warning Labs’ earthquake sensor system.

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Manhattan Country Club Sold for $73 Million

Bay Club Co. finalized its acquisition of Manhattan Country Club in Manhattan Beach last week for $73 million, the San Francisco company announced Tuesday.

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Pacific Oaks Education Corp. Buys Pasadena Office Complex for $21.5 Million

Pacific Oaks Education Corp. has acquired the Pasadena office complex where it leases space for $21.5 million, or $287 a square foot, aiming to keep the site as its permanent home with room to expand.

New York Billionaire Pays $100 Million to Buy Out Sunset Tower Co-Owner

The storied Sunset Tower Hotel in West Hollywood has a new partial owner.

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