Stories by Hannah
Mixed-use development is expected to replace aging power plant
AES Corp. has sold a prime 51-acre coastline site in Redondo Beach to a private developer.
Beverly Grove apartment buildings total 60 units
A portfolio of four multifamily properties with a total of 60 units in Beverly Grove has sold for $22.4 million.
Retail property sits on Melrose Ave.
Century City-based real estate investment company Blatteis & Schnur Inc. purchased a West Hollywood retail property for $20.6 million.
Listing agents turn to virtual tours and 3D images
Top residential real estate agents in Los Angeles are trying to find ways of selling properties while people are observing the “safer at home” ordinance.
Rent-subsidized senior property will be renovated
A 180-unit multifamily property in Torrance, the Golden West Tower, has sold for $74 million.
Work underway at big-ticket sites in Pasadena, DTLA
The office space construction boom in Los Angeles is extending to large properties in Pasadena and downtown.
Company buys out partner Pacific Castle for $67 million
Santa Ana-based Mamo Properties Inc. bought out Irvine-based partner Pacific Castle Management Inc.’s share of the Long Beach Marketplace for $67 million.
Company seeks multifamily opportunities
Santa Monica-based MJW Investments is creating a $500 million fund to invest in value-add multifamily, student housing and more.
Developer will use funds for project in Koreatown
Woodland Hills-based CGI Strategies has received a $47.8 million construction loan from an unnamed national lender for a project in Koreatown.
Site could see mixed-use development
A development site at the intersection of Santa Monica and La Cienega boulevards has sold for $22.5 million.
Developer dials up multifamily projects
After recent leadership changes that included Nadine Watt taking on the title of chief executive, Watt Cos. is again focused on housing.
Mixed-use Cumulus towers will anchor revitalized area
On the edge of West Adams, Cumulus is rising. Developer Carmel Partners Inc.’s project sits on 11 acres near the Expo Line.
Coworking club will occupy former Snap office space
Coworking-meets-social-club company NeueHouse is expanding in Los Angeles by opening a location in Venice Beach.
Value-add developer opens site in Culver City
West Hollywood-based Trion Properties has completed its first foray into ground-up development.
Apartment building has 60 units
A trust has purchased a 60-unit apartment building in Glendale from an individual for $28 million.
Features affordable senior housing
An apartment building in the Little Armenia neighborhood of East Hollywood has sold for $48 million.
Dekel arranges financing for Urban, Meridian Group
A 74,000-square-foot mixed-use creative office building near Culver City received $59.3 million in construction financing.
Goldrich Kest sells off two properties to Xenon
Culver City-based Goldrich Kest has sold two multifamily assets in Los Angeles County for a combined $23.3 million.
Rockpoint buys Miracle Mile tower
A towering Miracle Mile office building at 5900 Wilshire Blvd. attracted a sky-high sale price of $312 million.
Category continues record hot streak across LA’s markets
After a record-breaking year for multifamily sales in 2019, a variety of factors point toward a possible continuation of the trend this year.
Firm pays $50 million to expand multifamily portfolio
Santa Monica-based Vista Investment Group has closed on four multifamily properties as part of a larger plan to purchase properties subject to rent control.
Company plans 344-unit luxury property near Gold Line
MBK Rental Estate Ltd. closed on a 4.3-acre site in Duarte with plans to develop a 344-unit luxury apartment property on the land.
Union Rescue Mission site to house 340 women, children
The latest development aimed at tackling homelessness in L.A. is Angeles House, a Union Rescue Mission project that recently broke ground in South L.A.
Kilograph, WindWater apps aim to improve processes
Businesses specializing in commercial real estate are rolling out new ways to make selling, leasing and buying easier than ever.
‘Location driven’ developer plans condo communities
Etco Homes is working on new communities in Pacific Palisades, Little Tokyo and the area near Melrose Avenue in West Hollywood.
LA’s commercial real estate market led the nation last year with $28 billion in sales
Commercial real estate sales in L.A. County totaled $28 billion in 2019, the largest total for any county in the United States.
Developer finds buyer for portfolio of multifamily properties
Developer CIM Group sold a 147-unit multifamily site and an adjacent collection of 37 apartments in the in-demand West Los Angeles market.
Companies buy portfolio near USC
Two local companies have formed a $150-million joint venture with the goal of acquiring and managing student housing on the West Coast.
Area’s housing inventory hit record high last year
Nearly 4,500 units were added to downtown’s residential market in 2019, including more than 2,000 in the fourth quarter.
With focus on innovation and acquisitions, Compass sets a course for growth
Compass, a tech-driven real estate brokerage, has quickly become a dominant player in L.A.’s crowded real estate market.
Office property transaction is the market’s latest big-ticket deal
An office property in El Segundo with a parking structure and surface lot has sold for roughly $133 million.
Major development will incorporate the Crossroads of the World landmark
With a $1 billion price tag, Crossroads Hollywood is one of the largest developments in one of the hottest areas in the city.
Accounting firm signs lease at 777 Tower building
Public accounting and advisory service firm Marcum is the latest in a long line of L.A. businesses to move downtown.
Record sales, foreign buyers boosted residential market in 2019
For the leading residential real estate brokers in Los Angeles, the past year brought an uncertain start, a robust finish and unprecedented results.
Sares-Regis buys 169-unit Preston apartment building
Newport Beach-based Sares-Regis Group has acquired The Preston Miracle Mile, a 169-unit apartment building, for $86.8 million.
Company buys Texas sites, seeks other opportunities
JRK Property Holdings Inc. is upgrading its status in the hotel category as part of its larger growth strategy.
Joint venture will convert 78-unit apartment building
A 78-unit apartment building in Hancock Park has sold for $29 million to a coliving developer.
Recently acquired retail center receives $31 million
Despite the so-called retail apocalypse, shopping centers in Southern California are still receiving interest from buyers and lenders.
Mid-Wilshire area gets a makeover
The changes taking place in the Miracle Mile area largely fall into two categories: museums and multifamily housing.
IDI Logistics bought the property.
Four Trees apartment complex has 150 units
A 150-unit apartment complex in Cerritos sold for $48.6 million to Palos Verdes Management Co., which purchased the site from a partnership of local investors.
After international fame, firm eyes LA work
Jerde Partnership believes it can go big and go home. The downtown-based design and architecture firm is putting its mark on projects around Los Angeles.
Record home sale for LA market
Amazon.com Inc. Chief Executive Jeff Bezos has purchased the famed Warner Estate from David Geffen for $165 million, a record in L.A.
GPI secures lease for animation company
Titmouse Inc., an animation production company, signed a 95,000-square-foot lease for an entire building in Burbank.
Former stunt driver revs up luxury brokerage division
Scott Gillen, the former stunt-driver turned director turned developer has launched a luxury brokerage division of his company, Malibu-based Unvarnished Co.
Company may open 200 stores in next three years
SKSI Plans and Permits hopes to make architectural services more accessible to the masses.
BYD, Schultz, Total Safety agree to long-term deals
Three leases totaling 115,000 square feet have been signed for an industrial campus in Rancho Dominguez.
The shopping center was about 80% leased at the time of the sale
Sale includes properties in Arcadia
Jefferson Creative Campus spans 7 acres in the Hayden Tract
A creative office complex near Culver City has sold for $169 million, brokerage Newmark Knight Frank announced Feb. 5.