Los Angeles Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Loyola Marymount Takes First Lease at Playa Vista’s Brickyard Offices

Playa Vista’s newest office building, the Brickyard, recently wrapped up construction, and now it has snagged its first tenant.

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Mansion’s $250 Million Listing Priced to Light Fire Under Bids

Launching Pad

Sale price of $250 million would put Bel Air megamansion in a neighborhood all its own.

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Musician Calls for Historic Decision on Mansion

REAL ESTATE: Taylor Swift likely to boost cachet but not price of ‘landmark’ home.

Singer Taylor Swift moves to tune up her Beverly Hills mansion with landmark status.

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Church Building to Be Born Again as Office Space

REAL ESTATE: Developer has faith in property despite challenges of conversion.

Robert Herscu has laid his hands on a church property with the goal of an office conversion.

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Macy’s Sells West L.A. Store for $50 Million, Signaling Possible Closure

The recent sale of Macy’s Inc.’s Westside Pavilion location in West Los Angeles has cast doubt on the store’s future as the company progresses with plans to close about 100 retail sites nationwide.

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Toymaker Isaac Larian Buys Malibu Mansion for $24 Million

Isaac Larian, founder of the toy company behind the Bratz dolls, purchased a Frank Gehry-designed beachfront home in Malibu for $24.15 million.

Food Giant Follows Exodus out of L.A.

Nestle USA’s relocation of HQ to Virginia will leave 378,000 square feet open in Glendale.

Nestle USA to leave Glendale with an empty feeling when it relocates to Arlington, Va.

Listings for Tenants Move to New Owner

Westside Rentals service will join CoStar Group’s Apartments.com in bid to expand real estate data.

New owner CoStar Group will move Westside Rentals’ listings to Apartments.com.

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Chinese Developer Builds Up Presence Downtown

REAL ESTATE: Oceanwide Plaza could set template for company’s projects in U.S.

Developer Thomas Feng explains how downtown speaks to China’s Oceanwide Holdings.

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Hollywood Hotel Making Room for London Club

EXPANSION: Former home of Redbury will serve as first Hospital Club site in U.S.

The first U.S. outpost of the exclusive London creative social club co-founded by Microsoft Corp. billionaire Paul Allen and Dave Stewart of the Eurythmics is scheduled to open in Hollywood next year.

Pickup of Office Building May Be Snap Decision

LISTING: Snapchat’s parent as tenant could stoke deal for $20 million Venice property.

The site of one of Snap Inc.’s new Venice offices is on the market for $20 million, or a sky-high $2,877 a square foot. The listing went out last week, just days before the maker of the Snapchat photo sharing and message app filed its registration for an initial public offering.

Westside Rentals Sells to CoStar Group

Westside Rentals has found itself a new home. The popular rental listing website was just acquired by CoStar Group Inc., a real estate data service in Washington D.C. that operates Apartments.com., said CoStar in a statement released Wednesday. Terms of the deal were not disclosed.

Nordstrom Rack Set to Open First Store Downtown

It took nearly a year, but the FIGat7th mall in downtown has finally secured a tenant to fill the gaping hole left by Sports Chalet Inc. when it filed for bankruptcy last April.

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Snapchat's Venice Office Hits Market for $20 Million

The site of one of Snapchat parent company Snap Inc.’s new offices in Venice is on the market for $20 million, or a sky-high $2,877 a square foot, just as the tech upstart prepares to go public.

Silver Lake Restaurant Cluster Sells for $13.3 Million

A prime dining corner of Silver Lake has sold for $13.3 million, putting its value at a solid $1,267 a square foot.