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

Power Station

Ivy Station, opening in 2020, will be a cornerstone of Culver City’s revival

Culver City’s status as one of L.A.’s hottest submarkets will get another big boost in mid-2020 when the massive Ivy Station development is scheduled to open.

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Long Beach to Rethink Stadium Site

City seeks new plan after Angels’ Anaheim pact

Long Beach may have struck out with the Los Angeles Angels, but city officials plan to take another swing at developing the site that had been proposed for a new stadium.

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Zillow Rolls Out Home Buying Service in LA

Company joins Redfin, Opendoor in iBuying market

Zillow Group Inc., the real estate database giant, has become a Southern California real estate buyer.

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Culver City Sale Sets 2019 Record

Multifamily portfolio featuring 104 units brings $33 million

A two-building multifamily portfolio in Culver City sold for $33 million — the biggest multifamily sale in Culver City this year, according to data from CoStar Group Inc.

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Andersen Secures New Downtown Space

Andersen has signed a lease for 46,000 square feet at CityNational2Cal in downtown.

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Rexford Acquires Two Properties for $100 Million

Real Estate: Company continues buying spree

Brentwood-based Rexford Industrial Realty continued its buying spree, acquiring two industrial facilities for $99.7 million.

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Medical Office Plaza Could Rise Across From Glendale City Hall

Glendale-based nonprofit health provider All For Health, Health For All is developing a medical office building at 517 E. Broadway.

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West Hollywood Retail Property Sells for $36 Million

A retail property in West Hollywood sold for $36.2 million.

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Santa Monica Apartments Sell for $59 Million

Real Estate: Iconic Pico Lanai complex is ripe for redevelopment

The iconic Pico Lanai Apartments, a 174-unit complex in Santa Monica, sold for $58.6 million.

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Sky Is the Limit for Studio One Eleven

Architecture: Firm’s designs reshaping Long Beach

Long Beach-based architecture firm Studio One Eleven is working on one of its most ambitious projects to date, one that will feature a 40-story, 426-foot-high tower.

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Glendale Building Sells for $119M

Real Estate: Deal for The Griffith is latest acquisition in hot Tri-Cities market

The Griffith, a 220-unit apartment building in Glendale, has sold for $118.5 million, records show.

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Skanska to Open Office Downtown

Real Estate: Developer will build out staff of 60

Skanska is launching a commercial development office in L.A. One of its current projects is the extension of Metro’s Purple Line.

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Industrial Strength: Increasing Demand, Limited Supply Sends the Warehouse Sector Soaring

Real Estate: The top 10 industrial sales of the year

With ecommerce and the promise of fast delivery, the need for industrial product has never been higher, especially in urban areas.

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Lane Lines Up Local Operations

Real Estate: Brookfield signs tech company to support downtown sites

Workplace software platform Lane Technologies Inc. has expanded to the West Coast. The company provides technology to help building owners better connect with tenants.

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Cityview Finds Benefit in Opportunity Zones

Real Estate: Developer sells one project, is on the lookout for others

Century City-based Cityview sees increasing opportunity in opportunity zones. The multifamily investment management and development firm is exploring more opportunity zone properties.

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