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Hannah Madans

Stories by Hannah

Prime Coastal Site Sells in Redondo

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.

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Multifamily Portfolio Fetches $22 Million

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.

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WeHo Site Sells for $21 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.

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Virus Forces Brokers to Get More Creative

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.

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Torrance Site Sells for $74 Million

Rent-subsidized senior property will be renovated

A 180-unit multifamily property in Torrance, the Golden West Tower, has sold for $74 million.

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Large Office Properties Set Major Renovations

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.

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Mamo Takes Over LB Marketplace

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.

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MJW Launches $500M Fund

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.

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CGI Secures $48 Million in Financing

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.

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Prime WeHo Property Sells

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.

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Watt Cos. Courts a New Generation

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.

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West Adams Is Looking Up

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.

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NeueHouse Set to Open in Venice

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.

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Trion Makes the Move Into Ground-Up Space

Value-add developer opens site in Culver City

West Hollywood-based Trion Properties has completed its first foray into ground-up development.

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Glendale Multifamily Property Brings $28 Million

Apartment building has 60 units

A trust has purchased a 60-unit apartment building in Glendale from an individual for $28 million.

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East Hollywood Building Sells for $48 Million

Features affordable senior housing

An apartment building in the Little Armenia neighborhood of East Hollywood has sold for $48 million.

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Culver City Project Lands $59 Million Loan

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.

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Multifamily Portfolio Fetches $23 Million

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.

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Wilshire Site Brings $312 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.

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Maximum Multifamily

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.

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Vista Investment Leans Into Rent-Control Sites

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.

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MBK Rental Estate to Develop Duarte Property

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.

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Harley Ellis Sets Project for Homeless

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.

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Companies Apply Tech to Selling

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.

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Etco Homes Is Keeping Focus on the Westside

‘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.

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Strength in Numbers

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.

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CIM Group Sells Sites in West LA

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.

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Joint Venture to Invest $150 Million in Student Housing

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.

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Downtown’s Boom Expected to Continue

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.

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Clear Direction

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.

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El Segundo Building Sells for $133 Million

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.

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Massive Crossroads Hollywood Project Is Ready for Its Closeup

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.

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Marcum Makes Move to DTLA

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.

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Broker Bonanza: The Top Residential Real Estate Agents and Sales in L.A.

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.

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Miracle Mile Site Sells for $87 Million

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.

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JRK Property Holdings Is Checking Into Hotels

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.

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Hancock Park Gets Coliving Site

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.

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Crenshaw Plaza Sets Financing

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.

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L.A. Rising: Miracle Mile

Mid-Wilshire area gets a makeover

The changes taking place in the Miracle Mile area largely fall into two categories: museums and multifamily housing.

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Torrance Industrial Property Sells for $21.5 Million

IDI Logistics bought the property.

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‘Rare’ Cerritos Multifamily Site Sells for $49 Million

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.

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Jerde Thinks Local, Too

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.

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Bezos Pays $165 Million for Beverly Hills Home

Record home sale for LA market Inc. Chief Executive Jeff Bezos has purchased the famed Warner Estate from David Geffen for $165 million, a record in L.A.

Titmouse Signs Building Lease in Burbank

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.

Developer Gillen Pairs Unvarnished with Side

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.

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SKSI Takes Architecture to the Mall

Company may open 200 stores in next three years

SKSI Plans and Permits hopes to make architectural services more accessible to the masses.

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Rancho Dominguez Site Secures 3 Leases

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.

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Santa Fe Springs Shopping Center Sells for $32 Million

The shopping center was about 80% leased at the time of the sale

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Arbor Buys Hotel Portfolio

Sale includes properties in Arcadia

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Culver City Complex Brings $169M

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.

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