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

Owners Work on Rent Issues

Tenants seek out abatements and deferrals

As the Covid-19 pandemic rages on, forcing some businesses to close and leaving others with financial challenges, many companies have sought some kind of rent relief.

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Omninet Capital Buys Office Properties

Firm pays $78 million for campus sites in Commerce, Torrance

Omninet Capital has purchased office campuses in Commerce and Torrance for a combined $78 million.

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United Dwelling Raises More Funds

Company to expand housing operation

Culver City-based United Dwelling Inc. has raised $10 million in a Series B round led by Alpha Edison.

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CorpHousing Set to Enter LA Market

Company planning to acquire $1 billion in new inventory

CorpHousing Group, a New York-based company with more than $500 million in inventory across the country, is expanding into Los Angeles.

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Low-Income Site Sells for $34 Million

Watts multifamily complex has 102 units in 30 buildings

Washington Court, a low-income property in Watts with 102 apartments, has sold for $33.5 million.

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Real Estate Market Should Roll With the Punches

Industrial, multifamily figure to lead eventual rebound

After a nearly decadelong winning streak, the Los Angeles real estate market has run up against a formidable foe in Covid-19.

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Top Residential Agents Say Business Still Brisk

Prices are holding steady, especially in luxury markets

Some of the top residential real estate agents in the Los Angeles market say the current situation is not as dire as might be expected given the circumstances.

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CIT Makes $37 Million Investment in Watts

CIT and its banking subsidiary, CIT Bank, have made a $37.3 million investment in the Jordan Downs Apartments Project in Watts.

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How Offices Will Change

Landlords, tenants prep for new normal

While health and government authorities have made recommendations, tenants and landlords are working on how to best create a safe environment when people return to the office.

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City National Site Refinanced for $550 Million

Downtown property secures 10-year loan for use on existing debt

The iconic 2.5 million-square-foot City National Plaza in downtown has been refinanced for $550 million.

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Malibu Beach Inn Gets Creative During Crisis

Luxury hotel converts rooms into work, dining suites

Covid-19 has greatly impacted the hotel industry worldwide, and occupancy rates have fallen dramatically in Los Angeles.

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Retail Site in Pasadena Fetches $16 Million

Pottery Barn building offers office and residential spaces

The Pottery Barn building at the corner of Colorado Boulevard and Fair Oaks Avenue in Old Pasadena has sold for $16.1 million.

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Rexford Buys Property in Commerce

Company pays $21 million for industrial building

Brentwood-based Rexford Industrial Realty Inc. has purchased an industrial property in Commerce for $21 million.

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L.A. Rising: South Park

Desirable downtown area gets a residential transformation

South Park, the area of downtown near L.A. Live and the Convention Center, is home to some of the most ambitious projects in L.A.

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Loan Market Remains Active

Cautious lenders sense opportunities

Economic uncertainty is changing lending practices, but that doesn’t mean there isn’t financing available for commercial real estate in Los Angeles.

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