Daina Beth Solomon

Reporter (Real Estate)

Email: dsolomon@labusinessjournal.com
Phone: 323-549-5225 Extension: 237

Recent Stories

Downtown Motel to Check Out After $26.5 Million Sale

ACQUISITION: China-linked buyer plans to build 24-story residential-retail building.

A parcel near downtown’s Financial District sold last month for $26.5 million, or $795 a square foot, to a developer that plans to build a 24-story condominium tower in place of a decades-old motel.

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Shoemaker Yet to Find Footing on Abbot Kinney

RETAIL: Adidas’ sign sets off locals’ fear of big chains ruining Venice’s funky vibe.

Venice’s Abbot Kinney Boulevard is famous for the assortment of unique boutiques and eateries lining its eight blocks.

Walking Mall Now Pedestrian

Not all Santa Monica Promenade landlords have been sold on plans to improve the tenant mix.

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LAX Hotels Land Sales

REAL ESTATE: Blackstone Group pays $97 million for two neighboring properties.

Blackstone Group pays $97 million to double up on LAX-area hotels.

Paul Matt, Co-Founder of Matt Construction, Dies at Age 85

Paul Matt, the co-founder and chairman of downtown-based Matt Construction that built major L.A. projects including the Broad museum and Waldorf-Astoria Hotel, died on Friday. He was 85.

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Los Angeles Times to Stay Put in Historic HQ for Now

The Los Angeles Times has no immediate plans to relocate operations after its historic downtown headquarters was sold nine months ago, despite media reports to the contrary, a spokeswoman for the newspaper said.

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El Segundo Hotels Sold for $97 Million

A pair of hotels in El Segundo near Los Angeles International Airport sold last month to New York’s Blackstone Group for nearly $97 million, public records show.

Buzz About Potential Lease Deals at Wilshire Grand

REAL ESTATE: Two tenants could boost occupancy at newly opened tower.

Two leases could get the towering Wilshire Grand Center halfway to filling its office space.

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Investor Cranks Up Industrial Stake in South Bay

ACQUISITION: Rexford’s $30.5 million deal expands holdings in tight submarket.

West L.A.-based real estate investment trust Rexford Industrial got a toehold in one of the country’s tightest industrial submarkets.

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New Hotelier Checks In

REAL ESTATE: Buyer with ties to China picks up Hilton downtown for $115 million.

Buyer books a $115 million deal for a Hilton hotel in downtown’s Little Tokyo.

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