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.
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.
Company to expand housing operation
Culver City-based United Dwelling Inc. has raised $10 million in a Series B round led by Alpha Edison.
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.
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.
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.
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.
CIT and its banking subsidiary, CIT Bank, have made a $37.3 million investment in the Jordan Downs Apartments Project in Watts.
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.
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.
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.
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.
Company pays $21 million for industrial building
Brentwood-based Rexford Industrial Realty Inc. has purchased an industrial property in Commerce for $21 million.
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.
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.