Daina Beth Solomon
Reporter (Real Estate)
Cushman & Wakefield has signed a 12-year lease to occupy the 24th and 25th floors of downtown’s Wilshire Grand Tower, the real estate services firm said Monday.
Kennedy-Wilson Holdings Inc., a Beverly Hills-based real estate investment company, is reeling in its European subsidiary.
LEASE: Government group in talks to take two floors at Wilshire Grand Center.
The 73-story Wilshire Grand Center, the tallest tower in the West, is close to signing its first major office tenant.
DEVELOPMENT: Crush for crews squeezes project budgets.
Buildup in construction costs is making it harder to put together projects.
The tallest tower in the West, the 73-story Wilshire Grand Center in downtown, appears close to claiming its first major office tenant.
A cluster of office buildings in Monterey Park has sold to Omninet Capital, a Beverly Hills-based real estate and venture capital fund, broker Newmark Grubb Knight Frank announced. The price tag was $81 million, according to a source familiar with the deal.
Best Buy Co. Inc. has snagged nearly half a million square feet of industrial space at the Brickyard in Compton, the property’s leasing broker said Friday, bringing the 58-acre project to full occupancy.
The L.A. office market saw more than a quarter-million square feet of space put back on the market in the first quarter, but analysts framed the early 2017 setback as a blip in an otherwise strong economy.
DEVELOPMENT: Proximity to Westside, downtown, rail line fuels market’s attraction.
Koreatown has proved a popular middle ground between downtown and the Westside.
Tronc Inc.’s second-largest shareholder slung another missive at the Chicago media company on Friday in a fast-escalating war of words over the future of its flagship newspaper, the Los Angeles Times.