Stories by Hannah
Smaller lessees squeezed on tenant improvements as construction costs rise
All is not equal when it comes to tenant improvement allowances.
Real estate lender Calmwater Capital has given Hollywood-based Relevant Group a $63 million loan for the construction of a hotel in Hollywood.
Culver City-based real estate development and management company Goldrich Kest Industries has named Mike Drandell as its chief executive.
Steven Yazdani-backed outfit secures $640M in capital commitments
Steven Yazdani launches RE advisory firm.
Knotel Inc., a New York-based flexible office space provider and rival of WeWork Companies Inc, is making its way to L.A. The company has signed its first L.A. lease in Santa Monica.
WeWork Companies Inc. has signed a lease for 78,000 square feet in downtown. Terms of the lease were not disclosed.
A 60,804-square-foot office building in Torrance has sold for $15.75 million, Newmark Knight Frank announced Feb. 13.
Culver City-based real estate development and management company Goldrich Kest has name Mike Drandell as the company’s chief executive. Drandell was previously the company’s chief operating officer.
A $63 million loan has been given to the Hollywood-based Relevant Group for the construction of a hotel in Hollywood. The senior secured term loan is for the Thompson Hotel.
Koreatown-based Jamison Services and mid-Wilshire-based Hankey Investment Company have filed plans to build 490 residential units in Koreatown.
Pasadena-based Alexandria Real Estate Equities Inc. has purchased Bristol 61, a four-building creative office campus in Culver City for $39.15 million, according to a source familiar with the matter.
A 177-unit apartment building in El Monte was purchased by Uhon Inc. for $40.5 million, records show. The complex, called The Parker, was sold by Benedict Canyon Equities Inc.
A $300 million residential building has broken ground in Koreatown. The 25-story tower is being developed by mid-Wilshire-based Hankey Investment Company and Koreatown-based Jamison Properties.
Forever 21 Inc. has sold its headquarters building to Blackstone Group, industry sources confirmed.
Co-working firm signs deal at Water Garden for nearly 70,000 square feet
Spaces snaps up co-working spots in Pasadena, Santa Monica.
The developments profiled here show the increased demand for high-concept projects along the Strip
New owners will target e-commerce tenants
Bridge Development thinks outside the box with industrial purchase.
The Macerich Co. had $11.7 million in net income in the fourth quarter of 2018, according to an earnings report released Feb. 7. The number is far below the $32.8 million in net income reported for the fourth quarter of 2017.
Forever 21 has sold its headquarters building to Blackstone Group, industry sources confirmed. The Lincoln Heights property sold for just under $166 million, according to CoStar data.
WeWork has signed a lease for more than 116,000 square feet in Santa Monica.
The Box Yard, a 261,528-square-foot industrial property in downtown has sold for $68 million. Bridge Development Partners purchased the property from Atlas Capital.
Trion Properties and Ketter Construction team up on 45-unit development
Trion teams up with Ketter Construction on Mid-Wilshire development.
SPECIAL REPORT: CO-WORKING
Co-working companies are feasting on L.A., and landlords want a piece
SPECIAL REPORT: CO-WORKING
Co-working is already massive; co-living could be even bigger
Cow-orking company Spaces and real estate firm Compass have signed leases totaling 71,000 square feet in Pasadena, CBRE Group Inc. announced Jan. 31.
Downtown-based Rising Realty Partners has named Christopher Rising as the company’s chief executive officer. He previously served as president.
Co-Working company Spaces has signed a 69,208-square-foot lease for the Water Garden in Santa Monica, CBRE Group Inc. and J.P. Morgan Asset Management announced Jan. 29. The lease value was not disclosed.
ASB Real Estate Investments has secured a $95 million loan for the WaterMarke Tower, a 35-story apartment building in downtown, the company announced Jan. 25.
Slate Property Group has purchased two apartment complexes in Hollywood for a total of $39.25 million from the Chandler A&B Jones Family Trust.
PE firm’s SRS Distribution buy gives it roofing distributor as demand soars
Leonard Green got into roofing business with SRS Distribution purchase.
Klabin Co. brokers deal for nearly 100,000-square-foot industrial space
Klabin Co. snaps up Santa Fe Springs warehouse for $20.5M.
A $56.4 million bridge financing loan was given for the redevelopment of the Herald Examiner Building
Gaming company will move HQ from Koreatown
Pettebone Building gets makeover as gaming company prepares to move in.
Development includes housing, hotel and commercial space
Harridge on top of the world after City Council approves Hollywood project.
Fruit and vegetable company’s sale of stake to Total Produce comes with future benchmarks
A fruitful 2018 for Dole as it sold equity stake to Total Produce.
MWest Holdings has sold the 302-unit Aspen Apartments complex near the border of Koreatown and Westlake for $90 million. The company announced the sale Jan. 23.
The Pettebone Building, a historic building in downtown L.A., has sold to the U.S. subsidiary of a South Korean gaming company for $22 million or $595 per square foot.
Crossroads Hollywood, a major project proposed for Hollywood, won approval Jan. 22 from the Los Angeles City Council. It is being developed by Harridge Development Group.
The Koll Company has purchased a 54,000-square-foot freezer facility in Norwalk for $11.9 million, the company announced Jan. 18. The seller was Klein Investments Family.
A $56.4 million bridge financing loan was given for the redevelopment of the Herald Examiner Building in downtown L.A., HFF announced Jan. 18.
Number of 100,000-square-foot spaces on market dips in 2018
Companies looking for large blocks of office space to relocate or grow – especially on the Westside – may be out of luck.
Academic institutions have specific needs for LA outposts
Los Angeles is increasingly a destination for universities and colleges looking to expand educational offerings in cities outside their home geographic region
Two Playa Vista campuses up for sale
Tishman Speyer puts Brickyard, Collective on the market.
REAL ESTATE: The skyscraper was built in 1989
Downtown’s iconic U.S. Bank Tower up for sale.
Google’s new L.A. home shows how biggest tech and new media companies value region
FAANGS TAKE BITE OUT OF L.A.
Beverly Hills-based Live Nation has signed a lease for 95,217-square-feet at The Post in Beverly Hills, according to a source familiar with the matter.
Downtown’s iconic U.S. Bank Tower is for sale, industry sources confirmed. Singapore-based OUE Limited, which owns the building, could not be reached for comment.
New York-based Tishman Speyer will list its The Brickyard and The Collective at Playa Vista campuses in Playa Vista, likely next week, according to a source familiar with the matter.
A 28,114-square-foot retail property on Rodeo Drive has been refinanced for $160 million, or $5,691 per square foot.
REAL ESTATE: Former shopping mall to be renamed One Westside
Downtown’s CalEdison gets new owner in $111 million deal.