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

Alhambra Warehouse Gets $21 Million Loan

The property, which was completed in 2019, has nine units and is fully leased.

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SDS Capital Invests Over $100 Million to Build Low-Income Housing in LA

Westwood-based SDS Capital Group has closed on a $150.8 million fund as part of the company’s larger efforts to invest in distressed communities around the country.

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Rexford Buys $285 Million in Industrial Real Estate

Brentwood-based Rexford Industrial Realty Inc. has since last month acquired a handful of industrial properties for a total price of $286 million and disposed of one of its assets for $18.6 million.

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Romeo Power Moves Headquarters From Vernon to Cypress

Romeo Power Inc. has signed a 215,000-square-foot lease for a new headquarters and manufacturing facility in Cypress with Warland Investments Co.

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Mount Auburn Multifamily Receives $150 Million Investment

Century City-based Mount Auburn Multifamily has received a $150 million investment from Montreal-based Ivanhoé Cambridge Inc., which it plans to use to continue its goal of acquiring and developing multifamily properties.

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Marquis Property Co. Sells Santa Monica Apartment Building for $70 Million

A 38-unit multifamily property in Santa Monica has sold for $70 million.

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LPC West Plans Creative Office Site in Culver City

LPC West, the West Coast arm of developer Lincoln Property Co., has plans to develop a creative office project in Culver City.

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Westlake Multifamily Building Sells for $25 Million

The Bristol Garden, a 100-unit Westlake apartment building, has sold for $25.5 million.

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GPI Cos. Buys Burbank Medical Building for $24 Million

Brentwood-based GPI Cos. has purchased a medical office building in Burbank for $23.9 million.

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Beverly Hills Medical Office Sells for $82 Million

The Beverly Hills Plaza has 67,510 square feet of office space leased to doctors and other medical tenants, many of whom are affiliated with Cedars-Sinai.

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As Brokerages Consolidate, DPP Vows to Stay Independent

Pasadena-based brokerage Deasy Penner Podley is partnering with San Francisco-based Side Inc.

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International Tea Importers Sells Commerce Properties for $17.5 Million

Two industrial properties in Commerce have sold for $17.5 million.

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Axis Development Lands $14 Million Loan for Santa Monica Apartments

Axis Development Group, which has offices in Santa Monica and San Francisco, has received $14.2 million in financing for the acquisition and renovation of an apartment building in Santa Monica from an undisclosed lender.

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‘People are desperate for land’: Newmark’s Kevin Shannon on LA’s Office Landscape

2021 Who's Who in Real Estate

Newmark Group Inc.’s Kevin Shannon is one of the top investment sales brokers in the United States, with more than $65 billion in sales over a more than 35-year career.

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LPC West’s Rob Kane on the Demand for Entertainment Office Space in LA

2021 Who's Who in Real Estate

LPC West, the West Coast arm of Dallas-based Lincoln Property Co. has become a major player in the L.A. office market.

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