Los Angeles Business Journal

Bethany covers the real estate industry.

Recent Stories

Downtown L.A. Landmark Gets New Owners

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.

Taking Top Honors After Sub Mission

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.

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Tower Buyer Orders Up Tall One in Downtown

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.

Buyer Makes Triple Play for Office Properties

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.

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Tenant Apple Shines in Deal

REAL ESTATE: Retail box sells for record $100 million.

Core value of Apple’s Third Street Promenade shop produces record $100 million deal.

Tenant Apple Shines in 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.

Chinese Investment Group Buys South Park Hotel

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.

SpaceX Headquarters Sold for Nearly $47 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.

‘Creative’ Space Debate Out in Open

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.

Dallas Buyer Dials Up Burbank Media Tower

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.

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