LA REAL ESTATE

L.A. County Approves $40 Million Music Center Plaza Renovation

Downtown’s Music Center Plaza will receive a $40 million facelift, the performing arts complex announced Tuesday, thanks to funding by Los Angeles County and the Music Center.

Tease photo

Co-Working Firm Spaces Grows L.A. County Presence with 61,000-Square-Foot Lease in Hollywood

Co-working firm Spaces is taking space in Hollywood – its first lease in the famed Los Angeles neighborhood – as the Dutch company continues to expand in the Los Angeles and Southern California market, according to CBRE Group Inc.

Tease photo

Jewelry District Office Building Sells for $14 Million

The $14 million sale of a century-old, seven-story office building in the Jewelry District to a developer with plans for offices, restaurants and an art gallery will continue the trend of change in downtown Los Angeles.

Tease photo

Creative Office Campus in El Segundo Sells for $117 Million

New York–based Deutsche Asset & Wealth Management has acquired Campus 2100 in El Segundo for $117 million, or about $574 per square foot, according to CoStar Group Inc.

Tease photo

Two L.A. Hotels Among Ten Largest Hotel Transactions This Year

Two of the 10 biggest hotel transactions in the U.S. this year involved L.A. properties, according to a list published yesterday on Santa Barbara real estate technology firm Yardi Systems Inc.’s blog Commercial Café.

Tease photo

Westfield Corp. Acquired by French Commercial Real Estate Firm for $16 Billion

Westfield Corp., owner of the Westfield Topanga & the Village in Woodland Hills, was acquired by French commercial real estate firm Unibail-Rodamco for $16 billion, the companies announced Tuesday.

Tease photo

$51 Million in Refinancing for Two L.A. Apartment Buildings

El Segundo mortgage company Venture West Funding Inc. announced Tuesday it arranged nearly $51 million in loans to refinance two newly-constructed apartment buildings totaling 120 units.

Environmentalists Sue Again in Attempt to Block Cadiz Desert Water Project

Downtown Los Angeles water developer Cadiz Inc. is back in the courthouse. A coalition of environmental and health safety groups filed a lawsuit in federal court late Tuesday seeking to overturn a federal government agency’s recent decision that would allow Cadiz to build a pipeline for its planned Mojave Desert water project.

Tease photo

Canyon Partners Provides $63.5 Million for Portland Condo Project

Century City-based Canyon Partners Real Estate said it provided a $63.5 million loan to an affiliate of Portland-based PHK Development Inc. to finance construction of a seven-story, 162-unit condominium project.

Westchester Apartment Complex Sells for $10.2 Million

Encino-based brokerage Investment Real Estate Associates announced the $10.2 million sale of a 20-unit, non-rent controlled Flight Ave. Apartments.

Tease photo

Doheny Eye Institute Purchases $50 Million Pasadena Building

Doheny Eye Institute of Boyle Heights has acquired a four-story Pasadena office building for $50 million, according to Downtown-based Charles Dunn Co. The center bought the 123,203-square-foot property at 150 N. Orange Grove Blvd., and will be moving to the new location in the fourth quarter of 2018 from its current headquarters, at 1355 San Pablo St., a building on the County-USC medical campus, according to the brokerage firm.

Inglewood Looks Up

Football, transit boost residential – office market in line?

Commercial development is booming in Inglewood, and residential real estate is anticipated to follow.

Tease photo

Dreamworks' Glendale Campus Sold for $290 Million

The campus of DreamWorks Animation in Glendale has been sold for $290 million to a partnership that includes South Korean investors.

Gensler Tapped for Makeover in El Segundo

Downtown-based Gensler, a global architecture, design and planning firm, was selected to redevelop a portion of the former Northrop Grumman Corp.

Office Building Finds Higher Calling

A two-story office property at 588 Atlas St. in Monterey Park was recently acquired by In Christ Community Church for $10 million.