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

Knotel Brings Flex-Office Concept to L.A. With First Lease

Knotel Inc., a New York-based flexible office space provider and rival of WeWork Companies Inc, is making its way to L.A. The company has signed its first L.A. lease in Santa Monica.

Tease photo

WeWork Signs 78K SF Downtown Lease

WeWork Companies Inc. has signed a lease for 78,000 square feet in downtown. Terms of the lease were not disclosed.

Tease photo

Torrance Office Building Sells for $15.75M

A 60,804-square-foot office building in Torrance has sold for $15.75 million, Newmark Knight Frank announced Feb. 13.

Tease photo

Goldrich Kest Names CEO

Culver City-based real estate development and management company Goldrich Kest has name Mike Drandell as the company’s chief executive. Drandell was previously the company’s chief operating officer.

Tease photo

80-Acre Sports and Education Center Planned for Carson

A portion of Los Angeles County-owned Victoria Park Golf Course in Carson is expected to be transformed into a new sports and education center with a focus on tennis and STEM studies pending completion of a public review process led by the county.

Tease photo

Calmwater Capital Provides $63M Loan to Build Thompson Hotel in Hollywood

A $63 million loan has been given to the Hollywood-based Relevant Group for the construction of a hotel in Hollywood. The senior secured term loan is for the Thompson Hotel.

Tease photo

Jamison, Hankey Investment Planning 490-Unit Project on Vermont in Koreatown

Koreatown-based Jamison Services and mid-Wilshire-based Hankey Investment Company have filed plans to build 490 residential units in Koreatown.

Tease photo

Culver City Creative Office Campus Sold for $39.1M

Pasadena-based Alexandria Real Estate Equities Inc. has purchased Bristol 61, a four-building creative office campus in Culver City for $39.15 million, according to a source familiar with the matter.

Tease photo

San Gabriel Valley Construction Contractor Cited for Nearly $12 Million in Wage Theft Violations

The state Labor Commissioner’s office has fined the former owners of a now-shuttered San Gabriel Valley construction subcontractor for nearly $12 million in wage theft violations.

El Monte Apartment Building Sells for $41M

A 177-unit apartment building in El Monte was purchased by Uhon Inc. for $40.5 million, records show. The complex, called The Parker, was sold by Benedict Canyon Equities Inc.

Tease photo

$300M Project Breaks Ground in Koreatown

A $300 million residential building has broken ground in Koreatown. The 25-story tower is being developed by mid-Wilshire-based Hankey Investment Company and Koreatown-based Jamison Properties.

Tease photo

Train’s Fate No Deterrent

INFRASTRUCTURE: High-speed rail contracts proliferate

Full speed ahead for local companies with high-speed rail contracts.

Tease photo

AECOM’s Kansas City Airport Bid Back in Play

Firm resubmits after bid winner’s plan questioned by K.C. City Council

Second chance for AECOM in Kansas City?

Tease photo

Net Income Down, Mall Tenant Sales Up, According to Macerich Q4 Earnings Report

The Macerich Co. had $11.7 million in net income in the fourth quarter of 2018, according to an earnings report released Feb. 7. The number is far below the $32.8 million in net income reported for the fourth quarter of 2017.

Tease photo

Forever 21 HQ Sells for $166M

Forever 21 has sold its headquarters building to Blackstone Group, industry sources confirmed. The Lincoln Heights property sold for just under $166 million, according to CoStar data.

Tease photo

Prev