Reporter (Real Estate)
Real estate reporter Hannah Madans can be reached at email@example.com.
Charing Cross Partners has purchased South Bay Village, a nearly 108,000-square-foot shopping center in Torrance from Regency Centers Corp. for $39.8 million.
Prologis Inc. has purchased an 8.29-acre redevelopment site downtown for $91 million.
The future of office space is a big question as companies grapple with whether to make working from home a permanent reality, but experts agree that medical office space will remain in demand.
The past year was a difficult one for office space in L.A., particularly in previously booming downtown.
El Segundo-based meat substitute company Beyond Meat, Inc. has signed a 12-year lease for roughly 280,000 square feet in El Segundo.
Standard Communities, the affordable housing division of Standard Cos., has created 150 units of workforce housing in Carson through a public-private partnership.
At a time when many investors are staying away from hotels and other hospitality properties, West Hollywood-based Bainbridge DXS has announced a $500 million fund to acquire investments and do debt takeovers of hospitality assets.
Two multifamily buildings in Central Los Angeles have sold for a total of $20.5 million.
Real estate companies wrapped a big year for industrial sales in L.A.
Brentwood-based Rexford Industrial Realty Inc. has acquired an industrial portfolio and an outdoor storage property for $103.1 million.