LA REAL ESTATE

Development Victory in Malibu After Supreme Court Declines Appeal Hearing

The state Supreme Court has decided not to take up an appeal of a lower court ruling that Malibu can’t limit chain stores or force major development projects to be put to a vote of the people.

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Partners Trust Brokerage to Merge with Pacific Union International

Beverly Hills-based brokerage firm Partners Trust announced Thursday it is merging with San Francisco-based Pacific Union International Inc. in a deal that would bolster a new residential real estate leader in the region.

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Brokerage Extends Itself In UCLA Extension Deal

Savills Studley gives up own office space to provide two linked floors to program.

Give Savills Studley extra credit on getting UCLA Extension the deal it wanted on a new administrative headquarters in Westwood.

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Report: L.A. Commercial Real Estate Market Robust, But California Slowing

The commercial real estate market in the L.A. metro area is expected to remain vibrant in the coming years, even as experts forecast a slowdown in other parts of the state, according to the summer/fall 2017 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey released Wednesday.

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Hollywood Director Jerry Zucker Lists Brentwood Home for $15.48 Million

Jerry Zucker, who directed the Best Picture-nominated movie “Ghost,” among others, has plans to sell his six-bedroom, 12-bathroom family home in Brentwood for $15.48 million, according to real estate agency Halton Pardee + Partners.

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Downtown Industrial Site Sold for $10.6 Million

Boyle Heights-based Towne Industry has purchased a 58,859-square-foot industrial property in downtown Los Angeles from the Liss Family Trust for $10.6 million, or $180 a square foot, commercial real estate brokerage Kidder Mathews announced.

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National Residential Brokerage Douglas Elliman to Acquire Teles Properties

National residential real estate brokerage Douglas Elliman announced Tuesday it was in the process of acquiring Beverly Hills-based Teles Properties.

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Ahmansons Frame Venture

ART: Philanthropists draw up creative sites for Los Angeles.

The Ahmanson family has mapped out a venture to back creative spaces in Los Angeles.

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Rexford Industrial Acquires Rancho Pacifica Industrial Park for $210 Million

West L.A.’s Rexford Industrial Realty Inc. has purchased the six-building Rancho Pacifica Industrial Park in Rancho Dominguez for $210.5 million, or $180 a square foot, from downtown’s CBRE Global Investors Ltd., according to a statement.

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WeWork to Expand to West Hollywood

Coworking startup WeWork has signed a lease to occupy the entire seventh and eighth floors of Pacific Design Center’s RedBuilding in West Hollywood, adding 70,000 square feet to its portfolio of 13 L.A. County locations.

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Bradbury House in Pacific Palisades Sold for $12 Million

The iconic Bradbury House at 102 Ocean Way in Pacific Palisades has sold for $12 million to a local woman who intends to make it her primary residence, according to John Aaroe Group, which represented the seller.

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Here Comes Newhall

Developer bills project as new green standard, relief on housing crunch

A 21,500-home community has finally gotten the green light after years of legal and environmental challenges.

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Massive Newhall Ranch Project Wins Approvals

Half of the massive Newhall Ranch development project sailed through approvals Tuesday at a public hearing by the Los Angeles County Board of Supervisors.

Downtown Motel to Check Out After $26.5 Million Sale

ACQUISITION: China-linked buyer plans to build 24-story residential-retail building.

A parcel near downtown’s Financial District sold last month for $26.5 million, or $795 a square foot, to a developer that plans to build a 24-story condominium tower in place of a decades-old motel.

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Fifth Wall Ventures Powers Up Accelerator Program

Fifth Wall Ventures plans to launch an accelerator program aimed at companies valued under $20 million in the real estate tech space, the firm announced Wednesday.