REAL ESTATE

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.

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$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.

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Train’s Fate No Deterrent

INFRASTRUCTURE: High-speed rail contracts proliferate

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

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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?

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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.

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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.

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Colony Credit Real Estate Raises Credit Line to $560M

Downtown-based Colony Credit Real Estate has increased its credit line to $560 million to accommodate future growth, the second time for a hike since late last year.

WeWork Opening New 116K SF Space in Santa Monica

WeWork has signed a lease for more than 116,000 square feet in Santa Monica.

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Downtown Industrial Property Box Yard Sold for $68M

The Box Yard, a 261,528-square-foot industrial property in downtown has sold for $68 million. Bridge Development Partners purchased the property from Atlas Capital.

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CO-WORKING SPECIAL REPORT

There has been an explosion of co-working spaces in the greater Los Angeles region in recent years, and it’s changing how both the real estate industry and businesses at large think about office space. While co-working has reached the mainstream, another form of shared real estate – co-living space – is still nascent.

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SOUTHLAND DRIVE

C.W. Driver Cos. celebrates year 100 in Los Angeles

C.W. Driver still in demand after 100 years.

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BROADWAY BLOOM

Can downtown’s Broadway recapture its retail glory?

Developers remaking Broadway with retail revolution.

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Multifamily Project Planned for Mid-Wilshire

Trion Properties and Ketter Construction team up on 45-unit development

Trion teams up with Ketter Construction on Mid-Wilshire development.

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71K SF Leased by Co-Working Company, Real Estate Firm in Pasadena

Cow-orking company Spaces and real estate firm Compass have signed leases totaling 71,000 square feet in Pasadena, CBRE Group Inc. announced Jan. 31.

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Christopher Rising Named CEO of Rising Realty

Downtown-based Rising Realty Partners has named Christopher Rising as the company’s chief executive officer. He previously served as president.

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