REAL ESTATE

Recent and archived news stories on: Commercial real estate, residential real estate, housing, architecture, engineering, real estate brokers, construction, property development, property management

Rexford Acquires Four Industrial Buildings for $85M

Sawtelle-based Rexford Industrial Realty, Inc. has purchased four industrial properties for $84.5 million, the company announced April 18.

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Warner Bros. Expansion Plan Includes Burbank Studios, Gehry Towers

Warner Bros. Entertainment announced major expansion plans for its Burbank headquarters, which will include the acquisition of a nearby studio complex and the creation of two Frank Gehry-designed office towers.

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Skydance Pays $321M for Lantana Buildings in Santa Monica

Skydance Media purchased Lantana Center and Lantana West in Santa Monica for $321 million, records show.

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Mixed-Use Complex in Long Beach Sells for $48.9M

MG Properties Group purchased a 158-unit apartment building with ground floor retail in Long Beach for $48.9 million, records show.

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Fraud Charges Filed Against Former Woodbridge Executives

The Securities and Exchange Commission announced Friday fraud charges in the investigation of a Ponzi scheme run by the now-defunct real estate investment firm Woodbridge Group of Cos. in Sherman Oaks.

Long Beach Commercial Property Sells for $29M

Fort Ashford Funds purchased a building with a Vons in Long Beach for $29 million, records show.

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$62.9M for San Pedro Residential Complex

The 216-unit Park Western Estates in San Pedro sold for $62.9 million, Berkadia announced April 11.

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Cedars Adding 30K SF Office Space at Pacific Design Center

Cedars-Sinai has expanded its offices at the Pacific Design Center by 30,000 square feet, according to Cohen Brothers Realty, owner and developer of the three-building complex in West Hollywood.

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Warner Music Parent Buys Arts District Building for $195M

Warner Music Group’s parent company is purchasing a former factory in the Arts District, which will serve as the label’s new West Coast headquarters, for $195 million.

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Video Startup Leases 104K SF in Arts District

Downtown-based video startup company TubeScience has leased nearly 104,000 square feet in the Arts District, Cushman & Wakefield announced April 3.

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HBO Leases Ivy Station in Culver City

HBO has leased the entire 240,000-square-foot office building at Ivy Station as its new corporate headquarters. Lowe, AECOM-Canyon Partners and Rockwood Capital, the developer of Ivy Station, confirmed the long-rumored lease April 3.

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SRO Housing Planning 121-Unit Affordable Housing Complex in Westlake

Downtown-based nonprofit SRO Housing Corp. filed plans with the city March 28 for a seven-story complex with 121 units in Westlake.

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Beverly Grove Catholic Church Planning 19-Story Residential Tower

Our Lady of Mt. Lebanon has filed plans for a 19-story, 153-unit residential tower in Beverly Grove, the Maronite Catholic church announced March 28.

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Gemalto Cogent Signs $14M Lease in Pasadena

Biometrics firm Gemalto Cogent Inc. has signed a $14 million lease at an office building in Pasadena, CBRE Group Inc. announced March 27.

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Epson Moves HQ

Epson America Inc. will leave its Long Beach corporate headquarters in the summer of 2020, moving a few miles down the road to a larger site in Los Alamitos.

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