Los Angeles Business Journal

Largest L.A. Law Firm Relocates Following DaVinci Fire

Less than two weeks after a fire damaged its downtown L.A. headquarters, law firm Lewis Brisbois Bisgaard & Smith agreed to move to the iconic U.S. Bank Tower building at 633 W. Fifth St.

Maguire Secures Investment in Water’s Edge Campus

Real estate investment firm DivcoWest announced Thursday that it has completed a joint venture with storied L.A. developer Rob Maguire to gain an interest in his Playa Vista creative office campus, Water’s Edge.

Tease photo

Ratkovich Adds Downtown Retail Tenants

Downtown L.A. developer Ratkovich Co. last week announced that two retail tenants have signed leases for the Bloc, a mixed-use redevelopment of the mall at 700 S. Flower St., and a third committed to staying put.

Tease photo

Ace in the Hole? Downtown Hotel Listed for Sale

Less than a year after opening its doors, the Ace Hotel Los Angeles in downtown L.A.’s Broadway Theater District is on the market.

Tease photo

Uber Parks in Larger Santa Monica Offices

Despite a deluge of bad publicity in recent months, San Francisco ridesharing company Uber Technologies Inc. has decided to put down deeper stakes in Silicon Beach.

Have Child, Will Travel

Being a new dad to a crying baby can be tough. But Erik Evens and his wife, Robin Lee, found a way to cope when their daughter was born six years ago.

Tease photo

Tall Order

DEVELOPMENT: Company behind high-rise project hopes to move forward with help from state environmental designation.

Mixed-use tower project stands tall against opposition with help from state environmental designation.

Tease photo

Chinese Freight Firm Signs Large Lease in Cerritos

OTX Logistics Inc., an international freight-forwarder based in Hong Kong with U.S. headquarters in Los Angeles, has signed a lease to move inland from the South Bay to consolidate and expand its warehouse footprint by more than 360 percent.

Tease photo

New York Co-Working Space Signs Large Santa Monica Lease

WeWork, a company that rents shared office space to fledgling entrepreneurs, has signed a 10-year lease for a little more than 40,000 square feet at 520 Broadway in Santa Monica.

Shared-Office Firm Finds Space in Santa Monica

LEASE: WeWork takes 40,000 square feet in deal valued at $24 million.

WeWork, a company that rents shared office space to fledgling entrepreneurs, has signed a 10-year lease for a little more than 40,000 square feet at 520 Broadway in Santa Monica

Investor Books 93-Year Stay at Westwood Hotel

HOSPITALITY: Ground lease gives Maryland REIT fifth Los Angeles property.

Hotel Palomar Los Angeles, an upscale boutique hotel in Westwood, traded last month for $78.7 million, or nearly $300,000 per guest room.

Tease photo

Yahoo’s Search For Office Ends

REAL ESTATE: Internet giant clicks with space in Playa Vista.

Yahoo appears to be the latest Internet giant to connect with Playa Vista as a home for local offices.

Caruso Closes on Sale of Palisades Site

Billionaire developer Rick Caruso announced Tuesday that his real estate company, Caruso Affiliated, has completed the purchase of a portfolio of retail properties in Pacific Palisades along Swarthmore Avenue.

Tease photo

Jilted Bidders Seek State Sites

Real Estate: Revival of nixed portfolio deal sought.

Real Estate: Consortium to ask court to push through its 2010 purchase offer for a group of state-owned properties.

Canadian Buyer High on Downtown L.A. Tower

Real Estate: Onni deal Beacon’s second in market in last two months.

A 17-story office building in downtown Los Angeles sold earlier this month for an as-yet undisclosed price.

Colony to Pay $1.6 Billion for Industrial Portfolio

Santa Monica real estate investment trust Colony Financial Inc. announced Wednesday that it had agreed to acquire Cobalt Capital Partners, a real estate investment trust in Irving, Texas, for about $1.6 billion.

Oaktree to Expand Downtown L.A. Headquarters

Downtown L.A. asset management firm Oaktree Capital Management has signed a lease to extend and expand its headquarters in the area.

Tease photo

Miracle Mile Property Faces Massive Departure

REAL ESTATE: Landlord in talks with big names to help replace media tenants.

Owner of Wilshire Courtyard may not have to go to great lengths to fill coming vacancies at the Miracle Mile property.

Travel Has Vintage Appeal

When Grant Kirkpatrick, partner at architecture firm Kirkpatrick Architects in Marina del Rey, decided to make his four-acre plot of land in Paso Robles into a vineyard seven years ago, his wife, Shaya, had an idea.

Jeans Maker Buttons Up Manhattan Beach HQ

LEASE: True Religion to exit Vernon, signs deal valued at $45 million.

Jeans and lifestyle company True Religion Apparel Inc. will move its corporate headquarters from a known hub for apparel manufacturing in Los Angeles to the beach – Manhattan Beach.

Tease photo

Koreatown Apartments Flipped, To Be ‘Repositioned’

Apartment buildings in Koreatown continue to be a popular buy for investors. Murano Apartments, a 46-unit multifamily property at 342-50 S. Catalina St., was sold recently to Beverly Hills real estate company SM Management for $11.6 million, or about $252,000 a unit. The seller, San Mateo investment group TDA Inc., had purchased the building for $5.1 million in 2002, according to CoStar. The property was entirely occupied at the time of sale.

Tease photo

Baby Products Firm Leases, Expands Downtown

Premium infant products company Ergo Baby Inc. will move its downtown L.A. headquarters early next year, though only baby steps away.

Paley Center Site Draws Top Dollar

The Paley Center for Media property sold last week for the highest off-Rodeo Drive price paid for a Beverly Hills retail property since 2007.

Purchaser Sold on Building’s Retail Potential

ACQUiSITION: Buyer pays $47.3 million for media museum in Beverly Hills.

The Paley Center for Media property sold last week for the highest off-Rodeo Drive price paid for a Beverly Hills retail property since 2007.

Tease photo

Mayor to Put Up For-Sale Sign During Asia Trip

DEVELOPMENT: City’s brochure features properties of Ernst & Young clients.

Mayor Eric Garcetti’s marketing efforts on his Asia trip will include hawking a list of real estate development sites.

Born Again

Restorer of historic properties Ray Adamyk also works to help people in need start over.

Ray Adamyk helps remake history as renovator of iconic properties.

Tease photo

Popular Brentwood Retail Site Trades for $25 Million

A 12,000-square-foot retail building along a busy stretch of San Vicente in Brentwood sold last month for about $25 million, or more than $2,084 a square foot.

Tease photo

Brentwood Apartment Complex Fetches Top Dollar

A 68-unit apartment complex in Brentwood has sold for $25.5 million, the highest price that Westside submarket has seen in 15 years.

Tease photo

Douglas Emmett Picks Up Carthay Office Property

Carthay Campus, a two-building Class A office campus in Carthay Circle, sold for $75.3 million, or about $351 a square foot.

Tease photo

Westwood Match for Dating Site

REAL ESTATE: EHarmony to split up with Santa Monica.

Westwood’s lower rents woo dating site operator eHarmony away from Santa Monica.

Buyer Quickly Wraps Up Office Campus Deal

ACQUISITION: Property sells for $75.3 million after only seven days on market.

Carthay Campus, a two-building Class A office campus in Carthay Square, sold last month for $75.3 million, or about $351 a square foot.

Hudson Pacific Snaps Up Playa Vista Building

A vacant ’80s-era office building in Playa Vista sold last week for $38 million. West L.A. real estate investment trust Hudson Pacific Properties Inc. paid nearly $373 a square foot for the 102,000-square-foot Marina Corporate Center at 12655 W. Jefferson Blvd. in a sale that closed Oct. 20.

Marketing Firm Trailer Park Settles Down in Hollywood

Entertainment marketing agency Trailer Park, which specializes in creating trailers for motion pictures, including for recent films such as “The Judge,” “Guardians of the Galaxy” and “Godzilla,” has expanded its commitment to Hollywood.

Tease photo

American Realty Advisors Acquires Millennium Del Rey

Glendale real estate investment management company American Realty Advisors has acquired the Millennium Del Rey, a 196-unit apartment community in Playa del Rey, in a deal valued at nearly $100 million.

Stinking Rose Site Sold, May Bloom Anew

The site housing Beverly Hills’ famed Stinking Rose restaurant might bloom into something bigger.

Tease photo

Brokerages Come Together in Consolidation Trend

REAL ESTATE: No money to change hands in merger of Travers Realty, Cresa.

Merging brokerages Travers Realty and Cresa Partners link up with sector’s consolidation trend.

Restaurant Site Could Serve Up Big Development

ACQUISITION: Home to Stinking Rose was pitched as ripe for large projects.

The site housing Beverly Hills’ famed Stinking Rose restaurant might bloom into something bigger.

El Segundo Means Business in Pursuing Diversity

By BETHANY FIRNHABER Staff Reporter For a small city, El Segundo is home to an impressive roster of big businesses. Aside from Chevron Corp.’s operation and all the major aerospace and defense compan

City’s marketing push homes in on smaller, more diverse company base.

Lessons From LAUSD

For one day last month, Christopher Thornberg was principal at one of Los Angeles Unified School District’s most infamous schools.

Getting Second Look

Former defense, aerospace hub El Segundo launches projects to land tenants priced out of Silicon Beach.

One-time aerospace and defense hub El Segundo looks to take wing by connecting with tech firms

Big Law, Big Lease

While the theme struck in downtown Los Angeles has been that most professional firms are contracting and putting more space back on the market, one firm is bucking the trend.

Florida Firm Checks in to Glendale Hospital

A small medical office building in Glendale sold earlier this month for a big price. CNL Healthcare Properties, a real estate investment trust out of Orlando, Fla., purchased the Lee Hughes Medical Building at 1500 E. Chevy Chase Drive for $29.9 million, nearly $443 a square foot.

Large Inglewood Residential Redevelopment Moving Ahead

When Inglewood announced last week that it had chosen five developers to compete for a bid to build a transit-oriented project near the site of a future Metro light-rail stop, it put a big emphasis on housing.

Tease photo

Inglewood Moves on Project by Light-Rail Stop

Real Estate: Housing major factor in winnowing field of proposals.

When Inglewood announced last week that it had chosen five developers to compete for a bid to build a transit-oriented project near the site of a future Metro light-rail stop, it put a big emphasis on housing.

Tease photo

Mover of Space Shuttle Settles in for Long Haul

The machinery-moving company that is perhaps best known for maneuvering the Space Shuttle Endeavour through the streets of Los Angeles two years ago has found a new home.

Tease photo

Chinese Investors Pay Premium for Pasadena Office

A private investor group from China last week paid a premium to buy a 90-year-old Pasadena office property in the city’s historic Old Pasadena district.

Tease photo

Canadian Developer Flips Venice Apts for $18 Million

The recently completed 19-unit multifamily property at 13365 W. Washington Blvd. in Venice, known as Landmark 19, was sold to a pair of undisclosed investors out of Beverly Hills. The partners bought the 30,500-square-foot building from Canadian developer Bastion Development Corp., which had marketed the property for just shy of $18 million, or nearly $950,000 a unit.

Tease photo

Investor Locks Up Former Pasadena Bank Building

Real Estate: Buyer pays $36.4 million for offices near downtown retail center.

A private investor group from China last week paid a premium to buy a 90-year-old Pasadena office property in the city’s historic Old Pasadena district.

Owner of Apartments Moves Into Office Property

ACQUISITION: SM pays $76.5 million for home to media, entertainment firms.

Beverly Hills real estate company SM Management has purchased the Class A office tower at 6100 Wilshire Blvd. for $76.5 million, about $358 a square foot.

Tease photo

Deal Price for Tower Takes Elevator to Top Floor

REAL ESTATE: $175 million sets new total-dollar high for downtown market this year.

Downtown tower hits high mark this year in $175 million sale.

Prev