Hudson Pacific Properties Inc. has sold an office building and an adjacent 1.2-acre plot of land in Santa Monica for $35 million to Santa Monica-based solar power provider Cypress Creek Renewables. The deal closed March 21 and was announced this week.
Champion Real Estate Company has acquired a collection of aging retail buildings on Sunset Boulevard in Echo Park for $9.5 million. The company plans to repurpose them into a mixed-use development of retail, restaurants, and residential lofts called BrickWorks.
The biggest spec house in Los Angeles has hit the market, clocking in at 40,000 square feet.
REAL ESTATE: Brokers see foreign buyers scuttle deals.
Immigration concerns have some foreign buyers moving out of local deals.
A mix of 53 townhouses and condos are under construction in the Pacific Palisades and about to begin presales, according to the developers.
The owner of a luxury car dealership in Texas has sold his five-bedroom, six-bathroom oceanfront dwelling in Malibu for about $15.9 million, according to listing agent Madison Hildebrand of Partners Trust Malibu.
Residents of L.A.’s urban jungle will soon have access to more open green space.
REAL ESTATE: Lenders say there’s less risk banking on medical field’s high incomes.
Dr. Peter Kim has found a healthy side gig in helping secure physician home loans for clients.
Raphael Bostic, a University of Southern California professor and former President Barack Obama housing administration official, has been named the next president and chief executive of the Federal Reserve Bank of Atlanta.
Diving in Downtown
Condo projects have come knocking downtown, a market traditionally targeted for rentals.