REAL ESTATE
Rare Office Building in Hermosa Sells
The Bijou Building, a roughly 23,000-square-foot building in Hermosa Beach, has sold for $18 million. It is a three-story mixed-use building with office and retail space.
GPI Cos. Closes $300 Million Investment
Brentwood-based GPI Cos. received $300 million equity commitment from one of the largest state pension systems.
Hackman Capital Partners Purchases MBS Group for $650 Million
Hackman Capital Partners expands its studio production footprint with the acquisition of MBS Group from Carlyle Group for $650 million.
Renowned Malibu Real Estate Agent Joins Real Estate Tech Firm Compass
Chris Cortazzo, ranked No. 2 on the Business Journal's 2018 list of residential real estate agents, joins from Coldwell Banker.
Tourist-Friendly Hollywood & Highland Retail Center Sold for $320 Million
CIM Group Inc. has sold the 460,000-square-foot retail and entertainment center at Hollywood and Highland in Hollywood.
SHARED VISION
Coworking companies benefit by catering to specific industries
Coworking specializes to compete.
Brokers Try Coworking
CBRE, Savills, others add flexible-office operations
Real-estate brokers are trying to get in on the coworking craze.
Home Grower
Cross Campus has the ambition, and it’s seeking the funding to expand through acquisitions in LA and beyond
Locally grown coworking provider Cross Campus plans expansion.
Space Race
Coworking providers have signed more than 20 leases in LA this year
Coworking companies have signed more than 20 new leases in L.A.
TOP COWORKING COMPANIES IN LA
TOP COWORKING COMPANIES IN LA
TEAM PLAYER
Tim Lee I Olive Hill Group
Tim Lee of commercial real estate firm Olive Hill Group has coined a new term: “workstyle.”
Whole Foods Coming to Cumulus West Adams Development
West Adams is getting a Whole Foods. The Amazon.com Inc.-owned grocer has signed a lease for 50,000 square feet at Carmel Partners' Cumulus development.
Housing Authority Files Plans for 185-Unit Development
L.A.'s Housing Authority has filed plans to demolish a 100-unit affordable housing development and build a 185-unit development in its place.
Seagrove Property Group Sells Ground Lease at Glendora Commons to Foreign Investor
A leasehold interest in the Glendora Commons has sold for more than $13 million.
Coliving Club Upstart Raising Funding, Adding Locations
Hollywood-based coliving company Upstart has plans for a handful of additional locations and has begun fundraising for a $15 million Series A round.
