LA REAL ESTATE

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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Hotel Partnership Makes Some Room for Investor

SALE: New York billionaire pays $100 million to buy out a co-owner in Sunset Tower.

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

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Marilyn Monroe’s Former Brentwood Home Sells for $7.25 Million

Marilyn Monroe’s former Brentwood home has sold for $7.25 million – $350,000 more than its asking price of $6.9 million.

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Haddad, Witte Assume Leadership of USC Lusk Center Advisory Board

Emile Haddad, chief executive of developer FivePoint Holdings, has been named the new chairman of the USC Lusk Center for Real Estate advisory board. Bill Witte, chief executive of developer Related California, was named vice-chairman.

Jerry Seinfeld’s Former Hollywood Hills Home for Sale for $40 Million

Jerry Seinfeld’s former Hollywood Hills home is for sale off-market, according to listing agent Rochelle Maize of Nourmand & Associates.

Four Seasons Residences Begins Construction with $239 Million Loan

Construction began this week on Four Seasons Residences, 58 ultra-luxury condominiums and townhouses on the outskirts of Beverly Hills, after developer Genton Property Group raised $239 million for the project.

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Insurance Firm Signs U.S. Bank Tower Lease

Cushman & Wakefield and OUE Ltd. announced that global insurance firm Marsh & McLennan Cos. has signed a 15-year lease at downtown’s U.S. Bank Tower. The tenant will occupy 72,000 square feet on floors 11 through 14 of the iconic skyscraper.

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Rexford Industrial Realty Acquires Ontario’s Safari Business Center for $141 Million

Sawtelle-based Rexford Industrial Realty Inc. has purchased an iconic safari-themed, 16-building industrial park in Ontario for about $141 million, it announced this week.

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Westside Condos Head Into New Price Territories

REAL ESTATE: Brokers pitch high-net-worth buyers $2,000-a-square-foot homes.

Ultraluxury condos on the Westside are heading north of traditional listing prices.

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Kennedy-Wilson Acquires Glendale Office Buildings for $144 Million

Two Class A office buildings in Glendale have sold for $144 million, according to their buyer, real estate investment firm Kennedy-Wilson Holdings Inc.

Real Office Centers, Co-Working Tenants Evicted from Santa Monica Office

Real Office Centers and its co-working tenants at a Santa Monica building received an eviction notice Monday from their landlord, Hudson Pacific, who said the company hadn't paid rent in April and May.

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Rooftop Decks Prove Draw at Homes too Small for Traditional Backyards

Another Level

Homes with rooftop decks can raise the price ceiling on properties too small for backyards.

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Architect Follows Career Blueprint to High End

DEVELOPMENT: Homes by Paul McLean can go for hundreds of millions.

Architect Paul McClean talks how the market is holding up for $500 million megamansions.

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Amazon Books Submits Plans for Westfield Century City Store

Amazon Books, part of Amazon.com Inc., applied for building permits last week for a 5,227-square-foot suite at the Westfield Century City mall, according to a record on the L.A. Department of Building and Safety website.

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