Daina Beth Solomon
Reporter (Real Estate)
ACQUISITION: China-linked buyer plans to build 24-story residential-retail building.
A parcel near downtown’s Financial District sold last month for $26.5 million, or $795 a square foot, to a developer that plans to build a 24-story condominium tower in place of a decades-old motel.
RETAIL: Adidas’ sign sets off locals’ fear of big chains ruining Venice’s funky vibe.
Venice’s Abbot Kinney Boulevard is famous for the assortment of unique boutiques and eateries lining its eight blocks.
Not all Santa Monica Promenade landlords have been sold on plans to improve the tenant mix.
REAL ESTATE: Blackstone Group pays $97 million for two neighboring properties.
Blackstone Group pays $97 million to double up on LAX-area hotels.
Paul Matt, the co-founder and chairman of downtown-based Matt Construction that built major L.A. projects including the Broad museum and Waldorf-Astoria Hotel, died on Friday. He was 85.
The Los Angeles Times has no immediate plans to relocate operations after its historic downtown headquarters was sold nine months ago, despite media reports to the contrary, a spokeswoman for the newspaper said.
A pair of hotels in El Segundo near Los Angeles International Airport sold last month to New York’s Blackstone Group for nearly $97 million, public records show.
REAL ESTATE: Two tenants could boost occupancy at newly opened tower.
Two leases could get the towering Wilshire Grand Center halfway to filling its office space.
ACQUISITION: Rexford’s $30.5 million deal expands holdings in tight submarket.
West L.A.-based real estate investment trust Rexford Industrial got a toehold in one of the country’s tightest industrial submarkets.
REAL ESTATE: Buyer with ties to China picks up Hilton downtown for $115 million.
Buyer books a $115 million deal for a Hilton hotel in downtown’s Little Tokyo.