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.

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.

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.

LA Office Lease Demand Recovers From Pandemic-Driven Slump

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

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.

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.

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.

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.

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.

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.

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.

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.