Reporter (Real Estate)
Spotify has signed a lease for nearly 110,000 square feet to house its regional headquarters in the Arts District’s At Mateo development.
A 4,300-square-foot office building at 6507-6509 De Longpre Ave. in Hollywood has sold for $4.1 million, or about $949 per square foot, in what is believed to be a per-square-footage price record in that office submarket.
Rents up 13 cents countywide; vacancy at 14.1 percent
Overview of L.A. County’s commercial real estate market.
Los Angeles city officials followed state environmental laws when they approved the Palladium Residences, a pair of 30-story, 731-apartment towers near the Hollywood Palladium on Sunset Boulevard, a judge has ruled.
CenterPoint Properties, an Oak Brook, Ill.-based real estate investment firm, has purchased a 126,000-square-foot industrial property at 13217 S. Figueroa St. in the Harbor Gateway neighborhood for $21 million, or about $167 per square foot.
REAL ESTATE: Big vacancy on BofA departure
Speculations on the Pasadena office market once Bank of America exits its building of 45 years.
Buyer plans urgent care facility after renovation
Urgent care facility to replace Pacific Alliance Medical Center’s former Chinatown campus.
Allied Pacific IPA, an Alhambra-based health maintenance organization, has purchased the site of Pacific Alliance Medical Center – a 90,000-square-foot hospital at 531 W. College St. in Chinatown – for $33 million, or nearly $367 per square foot.
The City of Huntington Park’s application process for its medical marijuana business permits violated constitutional rights by unlawfully restricting applicants petitioning city council members about their applications, a federal judge has ruled.
Citigroup Inc. is moving out of the Citigroup Center at 444 S. Flower St. in downtown Los Angeles to 29,000 square feet at nearby One California Plaza at 300 S. Grand Ave., according to sources.