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REAL ESTATE QUARTERLY: Downtown L.A.
The downtown L.A. vacancy rate inched modestly higher in the third quarter, reaching 18.4 percent, while at the same time asking rents rebounded to $3.22 a foot, according to research compiled by Jones Lang LaSalle Inc.
REAL ESTATE QUARTERLY: Hollywood
Office vacancies in Hollywood climbed slightly, up to 15.4 percent in the third quarter from 14.2 percent the prior period, and a full 5 points higher than the same period a year earlier. More than 25,000 square feet came back onto the 2.3 million-square-foot market in the quarter, according to data from Jones Lang LaSalle Inc.
REAL ESTATE QUARTERLY: Westside
One of the Westside’s trophy properties hogged the spotlight in the third quarter. The 97 percent-leased Lantana Entertainment Media Campus, at Olympic and Exposition boulevards in Santa Monica, traded for a whopping $328.4 million in July.
REAL ESTATE QUARTERLY: Wilshire Corridor
Miracle Mile usually leads the news out of Wilshire Corridor, which stretches from Beverly Hills to downtown Los Angeles, but it was the less swanky Park Mile and Wilshire Center to the east that made headlines in the third quarter.
REAL ESTATE QUARTERLY: San Gabriel Valley
The vacancy rate dropped by 8 basis points in the San Gabriel Valley industrial market in the third quarter, driving average asking rents up from 42 cents to 45 cents.
REAL ESTATE QUARTERLY: Santa Clarita Valley
Average asking rates for office space in Santa Clarita continued to yo-yo like the SlingShot ride at Magic Mountain in the third quarter.
REAL ESTATE QUARTERLY: Tri-Cities
Slow and steady growth characterized the Tri-Cities real estate market in the third quarter, but increased activity might be on the near horizon.
REAL ESTATE QUARTERLY: South Bay
The South Bay industrial market remained tight in the third quarter as improved port activity continued to lift the market.
American Homes 4 Rent on Friday priced secondary offering of preferred shares at $25 a share.
Brookfield Office Properties Inc. on Thursday said that it expects to close its $180 million acquisition of downtown L.A. office landlord MPG Office Trust Inc. by Tuesday.
Home foreclosures fell sharply in Southern California in September, according to a report released Thursday.
Agoura Hills' American Homes 4 Rent on Tuesday said that it will sell $15 million in preferred shares in a secondary offering.
LEASE: Beats Electronics to leave Santa Monica for Hayden Tract space.
Audio equipment company Beats Electronics, which sells high-end headphones branded by rapper and music producer Dr. Dre, will move its headquarters from Santa Monica to Culver City next year.
Health care real estate firm HCP Inc. on Thursday said it fired longtime chief executive James Flaherty.
New York real estate firm Madison International Realty announced Wednesday that it had purchased a 49 percent interest in One California Plaza, a 42-story office tower at 300 S. Grand Ave. in downtown Los Angeles.