Los Angeles Business Journal

LA REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Hudson Pacific Prices Stock Offering

Shares of Hudson Pacific Properties Inc. rose slightly on Thursday after the office landlord priced a 3.5 million share secondary offering of stock being sold by shareholders.

Better-Than-Expected Quarter for KB Home

Shares of KB Home rose nearly 6 percent on Wednesday after the home builder said it moved to a profit in its fiscal first quarter and new home orders had increased.

Landlords Want to Toss Eviction Bill

POLITICS: Proposal would limit owners’ ability to sell properties.

L.A. landlords look to boot a proposed bill that would limit their ability to evict tenants.

Burbank Tower Coming Up Short

A 32-story tower in the heart of Burbank’s media district – the tallest office building in its market – is expected to trade hands next week in a deal many consider a steal.

Earnings Roundup: Rentech, Marcus & Millichap

Shares of Rentech Inc. and its Rentech Nitrogen Partners spinoff fell on Tuesday after the parent company reported lower fourth-quarter revenue and a larger loss than Wall Street expected. Marcus & Millichap Inc. also reported a net loss due to higher costs from last fall's IPO.

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Build Boom

Influx of Asians driving San Gabriel development

San Gabriel’s booming tourism gives birth to developments.

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Tide Finally Turns In San Pedro for Residential Project

DEVELOPMENT: Long-stalled residential project at a former Navy housing complex sets sail in San Pedro.

A long-stalled 61-acre residential project in San Pedro has been given the go-ahead by the Los Angeles City Council, paving the way for work to begin on one of the largest infill residential developments in the city.

Newhall Ranch Project Sued Again

The Newhall Ranch development hit yet another snag this week as environmentalists filed a federal lawsuit to halt construction.

Large San Pedro Development Approved

An expansive residential development project in San Pedro nearly 10 years in the making gained final city approval today.

L.A. Council Renews Westfield Tax Breaks

The L.A. City Council renewed its approval on Tuesday for a set of tax breaks for the Village at Topanga project by Australian mall developer Westfield Group.

CBRE Completes German Acquisition

CBRE Group Inc. on Monday said that it closed its acquisition of Valteq Gesellschaft, a German real estate consulting firm.

Rexford Industrial Acquires South Bay Complex

Rexford Industrial Realty Inc. has acquired a six-building industrial complex in the South Bay area of Los Angeles for $6.6 million.

Sylmar Shopping Center Sells After Numerous Bidders

The Sylmar Square Shopping Center has sold for $16.8 million – the largest retail sale in the northeast San Fernando Valley in more than a year.

Developer Evoq Properties Considering Sale of Business

Downtown L.A. developer Evoq Properties Inc. announced today that it was exploring “strategic alternatives,” including a possible sale of the company.

Shorewood Realtors Sold to Denver Investor

South Bay residential real estate brokerage Shorewood Realtors Inc. has been acquired by Denver real estate holding company Herman Group for an undisclosed price.