REAL ESTATE

Schatz Set to BID Farewell

Longtime advocate for downtown’s revitalization, Carol Schatz, to retire at month’s end.

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Aegon Gets $23M for Pasadena Retail

Aegon USA Realty Advisors, a Cedar Rapids, Iowa-based limited liability company, has sold the two-story, 39,000-square-foot Walgreens building at 310 S. Lake Ave.

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Loans in Line

Tight housing supply appears to keep market stocked with credit-worthy borrowers

Home prices up, delinquencies and foreclosures down, in L.A. County’s housing market.

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New Tune on L.A. Rentals

Apartment developer and investor IMT Capital is tuning into Nashville’s hopping economy and real estate market.

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Hilton Foundation Picks Up Dole Headquarters for $50 Million

The headquarters of Dole Food Co. in Westlake Village has sold to the Conrad N. Hilton Foundation for $50 million, according to brokerage CBRE Group Inc.

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Tishman Speyer Putting 1 Million S.F. Wilshire Courtyard on the Market

Tishman Speyer, a New York-based real estate investment firm, will soon put up for sale Wilshire Courtyard, a two-building, 1 million-square-foot office campus located at 5700-5750 Wilshire Blvd. on the Miracle Mile.

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Huntington Park Shopping Center Acquired for $23.8 Million

Sterling Organization, a Palm Beach, Fla.-based private equity group, has purchased Margarita Plaza, a 77,000-square-foot shopping center located at 6900-7100 S. Santa Fe Ave. in Huntington Park, for $23.8 million, or $309 per square foot, in an off-market transaction with Rubenstein Capital, an Oakland-based real estate investment company.

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Longtime DTLA Advocate Carol Schatz Retiring; New DCBID Chief Named

Carol Schatz, who led a renaissance of downtown Los Angeles as head of the Downtown Center Business Improvement District and Central City Association for nearly three decades, will retire this month, the district announced Sept. 12.

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Macerich, Simon to Build 400,000-plus SF Retail Outlet Mall in Carson

Santa Monica-based Macerich Co. and retail developer and operator Simon Property Group Inc. announced they will join to build an outlet mall in Carson.

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Private Investor Pays $23M for Two-Story Commercial Space in Pasadena

Aegon USA Realty Advisors, a Cedar Rapids, Iowa-based limited liability company, has sold the two-story, 39,000-square-foot Walgreens building at 310 S. Lake Ave. in Pasadena for $23 million, or about $585 per square foot, with a 4.9 percent cap rate, to a private investor in Beverly Hills.

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Nexon America Moving HQ in El Segundo

Video game publisher Nexon America is moving its North American headquarters to the two-story, 49,000-square-foot office building at 621 Hawaii St. in El Segundo after signing a 9-year lease.

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Prologis Picks Up 31.2 Acres in Torrance

Prologis Inc., a San Francisco-based real estate investment trust specializing in industrial properties, has purchased 31.2 acres of land – roughly 1.4 million square feet – at the northeast corner of Del Amo Boulevard and Prairie Avenue in Torrance from PBF Energy of Parsippany, N.J., for $49.3 million, according to CoStar Group Inc.

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StarPoint Properties Buys 12-Story Office Tower in Beverly Hills for $193M

StarPoint Properties, a Beverly Hills-based real estate investment firm, has purchased the 12-story, 207,000-square-foot office tower at 433 N. Camden Drive – the tallest such tower in Beverly Hills – for $193 million, or around $930 per square foot, from Camden Properties Ltd.

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Brooklyn Cos. Buys Mixed Use Building in Koreatown for $11.3M

A brother-and-sister lawyerly duo has launched The Brooklyn Cos., a downtown Los Angeles-based firm billed as a real estate firm serving family offices, which has acquired its first property, a four-story, 54-unit, 45,000-square-foot mixed-use apartment building at 240 S. Western Ave. in Koreatown, for $11.3 million, or roughly $208,000 per unit.

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Japan House Lands at Hollywood & Highland

Development spearheaded by JLL includes gallery, restaurants, event space

Japan House lands at Hollywood & Highland.

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