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

CenterPoint Buys Carson Industrial Asset for $143M

Oak Brook, Ill.-based CenterPoint Properties has purchased an industrial asset in Carson for $143 million, records show.

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Lendistry Partners With Destination Crenshaw on Targeted Financial Services

Destination Crenshaw broke ground February 29, 2020 — just three weeks before Gov. Gavin Newsom issued the state’s first stay-at-home order in response to the pandemic.

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Long Beach Exchange Sells for $158M

LBX, from Burnham-Ward Properties for $158 million. Eastdil Secured brokered the deal.

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Hettema Group Designs Unique Experiences

The Hettema Group, also known as THG, has created a reputation for being able to build anything you can imagine.

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Adidas Signs Lease at California Market Center

Brookfield Office Properties Inc., one of the largest landlords in downtown, has signed Adidas to be the California Market Center’s anchor office tenant.

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CIM Buys 117-Unit Inglewood Apartment Building

CIM Group, a developer based in Mid-Wilshire, has acquired a newly built apartment building in Inglewood for $52.2 million.

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Pasaca Capital Signs Office Lease in Pasadena

Private investment company Pasaca Capital has signed a lease for 26,184 square feet at Pasadena Towers in Pasadena.

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Virtual Tours, Competitive Housing Market Make Home Staging ‘Crucial’

Meridith Baer, a well-known home staging expert who has staged homes for many A-list celebrities, has seen her business grow more than expected.

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West Coast Data Hub One Wilshire Gets $389M Loan

One Wilshire, a data center in downtown, has received a $389 million refinancing loan.

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Glendale Retail Center Sells for $64M

The 154,049-square-foot Glendale Market-place has sold for $64.1 million.

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San Gabriel Valley Multifamily Portfolio Sells for $68M

A multifamily portfolio with 274 units in the San Gabriel Valley has sold for $68 million.

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Tishman Speyer Acquires Santa Monica Development Site

New York-based Tishman Speyer has acquired the Santa Monica Collection for an undisclosed sum with plans for a large mixed-use project at the site.

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Mixed-Use Highland Park Building Sells for $29M

A mixed-use asset with 59 luxury residences and 2,646 square feet of retail space on the border of Eagle Rock and Highland Park has sold for $28.7 million.

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Time, Cost Savings Increase Modular Construction Interest

One of the biggest new construction trends in recent years is the prevalence of modular construction.

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Fast Turnaround Drives Spec Space Demand

While some office spaces may be presented as a blank canvas, others are being built out into speculative, or spec, suites.

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