Daina Beth Solomon
Reporter (Real Estate)
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.
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.
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.
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.
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.
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.
The pending closure of 107-year-old Southern California furniture chain Dearden’s is putting its local real estate portfolio into play.
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.
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.
DEVELOPMENT: Project expected to come together faster, with added revenue.
Builder of Hawthorne Marriott put the project together with modular construction in mind.