Reporter (Real Estate)
WeWork Cos. Inc. has struck a deal with film director Ron Howard and movie and television producer Brian Grazer, to house their incubator Imagine Impact at its West Hollywood location at the Pacific Design Center’s Red Building at 750 N. San Vicente Blvd.
Tennis legend Billie Jean King and her life partner, former tennis professional Ilana Kloss, will be officially announced as minority owners of the Los Angeles Dodgers on Sept. 21.
Duke Realty Corp., an Indianapolis-based real estate investment company, has purchased a 25.5-acre lot at 13131 Los Angeles St. in Irwindale from a private seller for an undisclosed amount, downtown Los Angeles-based commercial real estate brokerage firm CBRE Group Inc. announced.
The Compton area is keeping two of its business tenants, each of whom renewed leases for their corporate headquarters.
Aegon USA Realty Advisors, a Cedar Rapids, Iowa-based limited liability company, has sold the two-story, 39,000-square-foot Walgreens building at 310 S. Lake Ave.
Recent deals in luxury segment of region’s hotel industry suggest as much
China’s Anbang Insurance Group could fetch $500 million or more for Loews Santa Monica Beach Hotel.
Banking & Finance Quarterly
Meet Shivani Siroya, founder of Santa Monica-based fintech-driven microlender Tala. The company has an eye on winning customers among some of the world’s nearly 2 billion people who don’t have access to banking services, a statistic reported by Paris-based think tank Convergences.
Tishman Speyer, a New York-based real estate investment firm, will soon put up for sale Wilshire Courtyard, a two-building, 1 million-square-foot office campus located at 5700-5750 Wilshire Blvd. on the Miracle Mile.
Sterling Organization, a Palm Beach, Fla.-based private equity group, has purchased Margarita Plaza, a 77,000-square-foot shopping center located at 6900-7100 S. Santa Fe Ave. in Huntington Park, for $23.8 million, or $309 per square foot, in an off-market transaction with Rubenstein Capital, an Oakland-based real estate investment company.
Aegon USA Realty Advisors, a Cedar Rapids, Iowa-based limited liability company, has sold the two-story, 39,000-square-foot Walgreens building at 310 S. Lake Ave. in Pasadena for $23 million, or about $585 per square foot, with a 4.9 percent cap rate, to a private investor in Beverly Hills.