Daina Beth Solomon

Reporter (Real Estate)

Email: dsolomon@labusinessjournal.com
Phone: 323-549-5225 Extension: 237

Recent Stories

Home Goods Move In

REAL ESTATE: Daiso signs lease for former warehouse used by American Apparel.

Home goods retailer Daiso California sews up lease for former American Apparel warehouse.

Speedy Century City Office Deal Delivers Discount

SALE: Investment partners get 33,000 square feet in tight market for $14.7 million.

Time was money in a rare case of distress in Century City’s robust office market.

Patrick Soon-Shiong Pulls Out of Phoenix Biomedical Complex Plan

Biotech billionaire Patrick Soon-Shiong’s plan to build a 7-acre biomedical complex in Phoenix in partnership with the city and Arizona State University is not moving forward, according to local media.

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Koreatown Apartments Sell for $10.5 Million, Slated for Demolition

A Woodland Hills-based real estate investor has purchased five apartment buildings in Koreatown for $10.5 million with plans to tear down the properties, according to CBRE, which represented the seller.

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Daiso Inks Lease at Former American Apparel Distribution Center

Daiso California is taking over American Apparel’s former worldwide distribution center, a 220,000-square-foot warehouse in La Mirada owned by Prologis Inc.

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Spanish Broadcasting System’s Century City Office Fetches $14.7 Million

Miami-based Spanish Broadcasting System Inc. has sold its Century City office building in a fast-tracked deal that the buyer said was brought about by financial pressures.

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Dearden’s Puts Prime Downtown Property On Market

The pending closure of 107-year-old Southern California furniture chain Dearden’s is putting its local real estate portfolio into play.

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California Market Center Opens Door to Investor

SALE: Brookfield acquires hefty stake from Jamison in deal valued at $220 million.

Koreatown-based Jamison Properties’ recent deal to sell a significant stake of its California Market Center to New York-based Brookfield Asset Management Inc. has brought a forward focus to the 1.8 million-square-foot campus in downtown’s Fashion District.

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Jamison Sells California Market Center Stake for $220 Million

Koreatown-based Jamison Properties has sold a stake of its California Market Center, a 1.8 million-square-foot office complex in downtown primarily serving the fashion industry, to Brookfield Asset Management Inc., the companies announced Friday.

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Modular Construction Right Fit for Marriott Hotel

DEVELOPMENT: Project expected to come together faster, with added revenue.

Builder of Hawthorne Marriott put the project together with modular construction in mind.

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