LA REAL ESTATE

City Council Votes Against Cultural Monument Status for Bob Hope Estate

The battle that pitted the family of legendary entertainer Bob Hope against a Los Angeles city councilman has come to a close.

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West Hollywood Sunset Tower Hotel Targets $100M Sale

West Hollywood’s Sunset Tower Hotel went on the market for roughly $100 million last week, according to a source familiar with the site.

State Law Unlocks Secondary-Dwelling Options for Homeowners

Knock Knock

Homeowners make room for secondary dwellings under a more lenient California law.

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Japan Investor Mitsui & Co. Plants L.A. Flag

REAL ESTATE: CIM sells 20 percent stake to Mitsui.

CIM Group opens up to Japan by selling a 20 percent stake to Mitsui.

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New Partnership Opens Doors for Real Estate Investor

With property valuations hitting highs not seen since before the Great Recession, Brentwood real estate investment firm Partners Capital decided 18 months ago to do something a little different: bet on debt.

Developer Moves on $75 Million Apartment Deal

SALE: CityView originally pictured Wilmington project as condos before recession.

Developer and investment management firm CityView has sold a Wilmington apartment complex it built last year to Redfern Family Trust for $75 million, according to public records.

CityView Sells Wilmington Apartments for $75 Million

Developer and investment management firm CityView has sold the Wilmington apartment complex it built last year to the Redfern Family Trust for $75 million, according to public records.

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CIM Group Lands Over $450M Japanese Investment

Developer and asset management firm CIM Group is set to land an investment of roughly half a billion dollars from a Japanese corporation.

Former 99 Cents Only Stores CEO to List Beverly Hills Home for $13.8 Million

He may have sold household products for just a dollar each, but former 99 Cents Only Stores Chief Executive Stephane Gonthier is listing his Beverly Hills mansion for a whole lot more.

Pulsing Market

REAL ESTATE: Two medical properties pump up downtown.

A tight market could generate healthy returns for medical office properties.

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Toyota’s Torrance Headquarters Hits the Market

Toyota Motor North America Inc. has just put its massive Torrance campus on the market, several years after announcing plans to relocate its North American headquarters to Texas.

CBRE Buys Capstone Financial Solutions

CBRE Group Inc. has hooked a new company as part of ongoing efforts to enhance its status as a big fish in the world of commercial real estate services.

Monday Properties Targets L.A. in West Coast Expansion

New York-based landlord Monday Properties is, for the first time, looking west. The real estate investment firm is opening an L.A. office and plans to begin targeting acquisitions in Los Angeles and along the West Coast.

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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