LA REAL ESTATE

Macy’s Sells West L.A. Store for $50 Million, Signaling Possible Closure

The recent sale of Macy’s Inc.’s Westside Pavilion location in West Los Angeles has cast doubt on the store’s future as the company progresses with plans to close about 100 retail sites nationwide.

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Toymaker Isaac Larian Buys Malibu Mansion for $24 Million

Isaac Larian, founder of the toy company behind the Bratz dolls, purchased a Frank Gehry-designed beachfront home in Malibu for $24.15 million.

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Food Giant Follows Exodus out of L.A.

Nestle USA’s relocation of HQ to Virginia will leave 378,000 square feet open in Glendale.

Nestle USA to leave Glendale with an empty feeling when it relocates to Arlington, Va.

Listings for Tenants Move to New Owner

Westside Rentals service will join CoStar Group’s Apartments.com in bid to expand real estate data.

New owner CoStar Group will move Westside Rentals’ listings to Apartments.com.

Chinese Developer Builds Up Presence Downtown

REAL ESTATE: Oceanwide Plaza could set template for company’s projects in U.S.

Developer Thomas Feng explains how downtown speaks to China’s Oceanwide Holdings.

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Hollywood Hotel Making Room for London Club

EXPANSION: Former home of Redbury will serve as first Hospital Club site in U.S.

The first U.S. outpost of the exclusive London creative social club co-founded by Microsoft Corp. billionaire Paul Allen and Dave Stewart of the Eurythmics is scheduled to open in Hollywood next year.

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Pickup of Office Building May Be Snap Decision

LISTING: Snapchat’s parent as tenant could stoke deal for $20 million Venice property.

The site of one of Snap Inc.’s new Venice offices is on the market for $20 million, or a sky-high $2,877 a square foot. The listing went out last week, just days before the maker of the Snapchat photo sharing and message app filed its registration for an initial public offering.

Westside Rentals Sells to CoStar Group

Westside Rentals has found itself a new home. The popular rental listing website was just acquired by CoStar Group Inc., a real estate data service in Washington D.C. that operates Apartments.com., said CoStar in a statement released Wednesday. Terms of the deal were not disclosed.

Nordstrom Rack Set to Open First Store Downtown

It took nearly a year, but the FIGat7th mall in downtown has finally secured a tenant to fill the gaping hole left by Sports Chalet Inc. when it filed for bankruptcy last April.

Snapchat's Venice Office Hits Market for $20 Million

The site of one of Snapchat parent company Snap Inc.’s new offices in Venice is on the market for $20 million, or a sky-high $2,877 a square foot, just as the tech upstart prepares to go public.

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Silver Lake Restaurant Cluster Sells for $13.3 Million

A prime dining corner of Silver Lake has sold for $13.3 million, putting its value at a solid $1,267 a square foot.

Arts District industrial property owners sold on big paydays

Healthy sale prices for industrial spaces pay off for Arts District landlords willing to depart.

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Mixed-Use Complex Makes Hotel Room

Greenland Group will open doors to downtown development with boutique Indigo’s March debut.

Greenland Group looks to open doors downtown with the opening of boutique hotel Indigo.

Realtors Want to Make Homes for Middle Class

HOUSING: Forum will look at how high costs of living drive out L.A. businesses.

Real estate forum will look at finding ways for the middle class to afford living in Los Angeles.

Values for Three Westside Properties Head North

ACQUISITION: Buyer pays $168 million for Malibu, Playa Vista office buildings.

Three Westside office buildings sold to a single buyer this month, at prices far higher than their trades just a few years ago.