Bethany covers the real estate industry.
Transaction: Broadway Trade Center bought by pair of New York investors.
The historic Broadway Trade Center building in downtown Los Angeles was sold last week to a pair of New York investors.
Mike Margolis drove down to San Diego with his family earlier this month to cheer on his oldest son, 18-year-old James Wu, who was participating in an unusual event: an international robo-sub competition.
ACQUISITION: Suitor to pay $270 million for L.A.’s second-highest building.
Aon Center, the second-tallest building in Los Angeles – and the state – is close to being sold for about $270 million.
ACQUISITION: Rockefeller pays $210 million for three buildings in Beverly Hills.
A portfolio of three prominent Beverly Hills office buildings – UTA Plaza and its neighbor the Ice House – was sold late last month for $210 million, or about $910 a square foot, according to a real estate source with knowledge of the deal.
REAL ESTATE: Retail box sells for record $100 million.
Core value of Apple’s Third Street Promenade shop produces record $100 million deal.
The global appeal of Santa Monica’s Third Street Promenade and the cachet associated with Cupertino tech giant Apple Inc. has made for another jaw-dropping real estate deal.
Shenzhen Hazens Real Estate Group Co., one of the largest development companies in China, has purchased the Luxe City Center Hotel and two adjacent parcels for $105 million.
A New Jersey real estate investment trust announced today that it has purchased the Hawthorne headquarters building of Elon Musk’s Space Exploration Technologies Corp., also known as SpaceX, for $46.7 million.
Survey says popular floor plan not working for all businesses.
“Creative” office solution might be lacking as some question the value of open-floor plans.
ACQUISITION: Granite shells out $49 million to pick up second L.A. building.
Legacy Media Tower, a 10-story Class A office building in the heart of Burbank’s Media Center District, sold last week for $49 million, or about $335 a square foot, according to real estate sources.