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.
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.
INFRASTRUCTURE: High-speed rail contracts proliferate
Full speed ahead for local companies with high-speed rail contracts.
Firm resubmits after bid winner’s plan questioned by K.C. City Council
Second chance for AECOM in Kansas City?
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.
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.
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 has signed a lease for more than 116,000 square feet in Santa Monica.
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.
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.
C.W. Driver Cos. celebrates year 100 in Los Angeles
C.W. Driver still in demand after 100 years.
Can downtown’s Broadway recapture its retail glory?
Developers remaking Broadway with retail revolution.
Trion Properties and Ketter Construction team up on 45-unit development
Trion teams up with Ketter Construction on Mid-Wilshire development.
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.
Downtown-based Rising Realty Partners has named Christopher Rising as the company’s chief executive officer. He previously served as president.