Stories by Hannah
The Covid-19 crisis has claimed the Luxe Rodeo Drive Hotel in Beverly Hills.
Online retailer Mega Lion Inc. has signed a lease for roughly 132,000 square feet at an industrial property in Santa Fe Springs.
Streaming giant Netflix Inc. is continuing to grow its real estate footprint in Los Angeles County, this time to build out an animation studio in Burbank.
Since Covid-19 hit, Universe Holdings has been looking at ways to keep its rent collections high.
Beverly Hills-based Greenbridge Investment Partners’ Principal Sean Hashem had high hopes when he developed his retail site in Koreatown.
Beverly Hills-based Etco Homes Inc. has finished its One Coast community in Pacific Palisades, a development that features 53 ocean-view townhomes and flats.
A partnership of PGIM Real Estate and Perlmutter Investment Co.’s IAC Properties has acquired a 30-property industrial portfolio.
An industrial building in the City of Industry has sold for $52.1 million to the Los Angeles Regional Food Bank.
An 11-building multifamily portfolio of properties in Central Los Angeles has sold for $33.2 million. The buildings range from 13 to 21 units.
A multifamily portfolio, consisting of four properties in West Los Angeles and Beverly Hills has received a nearly $57 million loan.
Despite Covid-19, Paragon Commercial Group is still betting big on retail developments.
There are far fewer women in commercial real estate than men, especially in high-ranking roles, according a recently released report.
Motorcycle parts manufacturer Performance Machine has signed a 75-month, 53,552-square-foot industrial lease in Cerritos.
Pasadena-based InteliGlas Corp. integrates artificial intelligence systems into existing buildings for a variety of uses.
A furniture company has signed a 282,000-square-foot lease in the City of Industry.
Plenitude Holdings, a partnership of Blanchard Entities and Shopoff Realty Investments, has signed a ground sublease with Carson Outdoor Fly for a skydiving facility in Carson.
Real estate veterans G. Ryan Smith and Michael Zietsman have launched Ivy Offices, a flex space operator based in Santa Monica.
Jordan Downs, an expansive housing complex in Watts, is in the midst of a $1 billion redevelopment.
Despite the Covid-19 pandemic, Koreatown continues to be a hotbed of development.
The 70-unit Avalon Venice apartment complex on Rose Avenue in Venice Beach sold for $65 million.
For Mid-Wilshire-based developer Decron Properties Corp., family is key.
CIM Group, a development company based in Mid-Wilshire, has purchased a 2,346-unit apartment property in Alexandria, Va., for $506 million, the highest transaction for the Washington, D.C., area ever.
A whiskey-themed hotel under construction near Hollywood Boulevard has just received $35 million in financing.
The iconic El Palacio apartment building in West Hollywood has sold for nearly $16 million.
The historically strong real estate market in Los Angeles has faltered during the Covid-19 pandemic.
Linc Housing Corp. has partnered with Search to Involve Pilipino Americans on HiFi Collective at 3200 W. Temple St.
Granite Properties Inc., which has three buildings in L.A., is investing $10 million to make its properties Covid-19 safe.
Custom Content by the Los Angeles Business Journal
Downtown-based BLVD Hospitality has purchased the iconic Georgian Hotel on Ocean Avenue in Santa Monica. Terms of the sale were not disclosed.
Covid-19 has had a devastating impact on the hotel industry, and that pain has extended to the planning and construction of new hotels.
Downtown-based Tauro Capital Advisors Inc. has secured a total of $50 million in loans for three developers on triple-net lease properties. Tauro Capital’s Stephen Stein and Tony Festa arranged the loans.
US Elogistics Service Corp., a China-based ecommerce company, has signed a roughly 232,000-square-foot industrial lease in Vernon.
Assessed property values in Los Angeles County increased for the 10th consecutive year, according to the latest Assessment Roll.
Ford Models Inc. has subleased a nearly 7,000-square-foot office space in West Hollywood’s Luckman Plaza to A-ROD Corp., a business entity with ties to former baseball star Alex Rodriguez.
While some companies may be slowing down due to Covid-19, two that specialize in single-family home rentals are ramping up.
Koreatown-based developer Jamison is having a busy year, even in the face of Covid-19.
Jones Lang LaSalle Inc. has added two new high-level executives in Los Angeles.
Ani Dermenjian, executive managing director of Douglas Elliman’s architectural division and president of the Malibu Association of Realtors, has had some different clients this summer.
A nearly 288,000-square-foot office campus in Culver City known as the Symantec Southern California Campus has sold for $120 million.
Despite Covid-19 forcing people to socially distance and largely remain indoors, at least one athletic club is working on connecting guests and bringing its growing member base in.
Two office properties, one on the Westside and one in the South Bay, have received a total of $26.8 million in financing.
Carmichael International Service has signed a nearly 29,000-square-foot lease valued at more than $10.4 million in Monterey Park.
Boston Properties Inc. has acquired a 50% interest in the joint venture that owns Beach Cities Media Campus.
Even though office building sales have slowed amid the Covid-19 pandemic, there’s still some activity in the market.
CIT Group Inc. and its health care finance unit have provided a $25 million loan for Seavest Healthcare Properties to acquire the Martin Luther King Jr. Community Hospital medical office building in South Los Angeles.
Century City-based LaTerra Development is growing fast and aiming high.
The Hollywood & Highland shopping center will soon have a new look and a new name to go along with it.
Santa Monica-based BLT Enterprises has purchased Television Center in Hollywood for $64 million, according to reports. BLT Enterprises announced the sale Aug. 4.
The Covid-19 pandemic might seem like a devastating blow to the coworking movement, which has blossomed in L.A. and elsewhere in recent years.
Coworking was one of the hottest sectors in real estate — then Covid-19 arrived.
A multifamily property in La Verne has sold for nearly $50 million, a record price for the area.