REAL ESTATE

Recent and archived news stories on: Commercial real estate, residential real estate, housing, architecture, engineering, real estate brokers, construction, property development, property management

Jonathan Rose Buys Pasadena Housing Complex for $223 Million

An affordable housing complex in Pasadena has sold for $223 million.

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Pacshore Partners Purchases Burbank Office Building for $91 Million

Brentwood-based Pacshore Partners has purchased a 152,834-square-foot office building in the Burbank Media District for $90.5 million. Granite Properties sold the 10-story building, dubbed 2600 Olive.

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Rexford Industrial Acquires Five LA Properties for $126 Million

Brentwood-based Rexford Industrial Realty Inc. has acquired five industrial properties for $125.9 million and has sold one for $11.7 million.

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LA Office Lease Demand Recovers From Pandemic-Driven Slump

The office leasing market has rebounded since the start of the Covid-19 pandemic.

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Christina Development Closes $44 Million Real Estate Fund

Malibu-based real estate sponsor and manager Christina Development Corp. has closed its Christina Real Estate Investors 4 fund, for which it raised $44.1 million from more than 150 investors.

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Duke Realty Acquires 3.2-Acre Industrial Facility in Pomona

Duke Realty has purchased a 3.2-acre distribution facility at 468 S. Humane Way in Pomona, which the company considers to be part of the San Gabriel Valley industrial submarket.

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Armata Pharmaceuticals’ Del Rey Office Lease Signals Continued Interest in Westside

Armata Pharmaceuticals Inc. has leased a new headquarters building at 5005 McConnell Ave. in Del Rey.

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Coretrust’s Thomas Ricci on the Future of Office Real Estate

Real estate veteran Thomas Ricci is co-founder of Coretrust Capital Partners, which owns and operates large office properties such as 444 S. Flower St. downtown and Pasarroyo in Pasadena.

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AEG Sells Staples Center Naming Rights to Crypto.com for $700M

File this one under Did Not See That Coming. On Nov. 17, Anschutz Entertainment Group, the company that owns and operates Staples Center, announced that the iconic arena — home to the Los Angeles Lakers, Clippers, Sparks and Kings — will soon be changing its name to Crypto.com Arena.

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Burbank Apartment Development Gets $199 Million Loan

The multifamily market in Burbank has been heating up with a substantial acquisition and loan announced this month.

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USC Purchases Life Sciences Building From Doheny Eye Institute for $57 Million

USC has purchased a 75,272-square-foot building on its Health Science Campus for $57 million.

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DB Capital to Expand Out of State Citing ‘Additional Risk’ of Investing in Calfornia

Playa Vista-based real estate investment firm DB Capital Management is increasing its attention outside of California, lining up deals in other states where it views the risk as lower.

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Historic Downtown LA Building Is Focus of $10.7 Million Refinancing Loan

A 199,860-square-foot historic building in downtown has received a $10.7 million loan to refinance.

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Pomona Business Park Sells for $6.8 Million

A business park on nearly 4 acres in Pomona has sold for $6.8 million.

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Long Beach Multifamily Portfolio Sells for $42 Million

The properties have a combined 155 units.

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