Stories by Hannah
Company had redeveloped the properties before finding buyers
El Segundo-based Paragon Commercial Group said it has sold more than $100 million worth of retail redevelopment sites in California.
Goldstein, Planting armed with $500M
GPI's founders have helped reshape the Los Angeles landscape with a combination of redevelopment and ground-up projects.
Ecommerce company holds lease on renovated property
An industrial building in Whittier has sold for as much as $28 million, according to a source familiar with the transaction.
Firm paid $53 million in 2017 for iconic Telephone Building
San Francisco-based DivcoWest Real Estate Services sold its interest in the historic Telephone Building in Santa Monica to an affiliate of Rockwood Capital.
Real Estate: High demand and low interest rates add up to a sizzling market
A strong economy, low interest rates and high demand from buyers in 2019 have experts predicting that pace will continue throughout 2020.
Development company is active as both a buyer and a seller
MWest Holdings closed 2019 with a bang, and the developer is still making noise as 2020 kicks off with deals worth over $100 million.
Demand, prices and activity were at high levels in L.A.'s real estate market during the fourth quarter.
Smith-Clementi goes small but globa
Renowned architects Julie Smith-Clementi and Frank Clementi, founding partners at Leimert Park-based Rios Clementi Hale Studios, have launched a new design firm.
Submarket Data Summary
Quarterly highlights from every submarket of L.A. County in the Real Estate Quarterly Special Report.
Cool Enclave Welcomes Families
History and hipsters have converged in family-friendly Highland Park.
$130M in funding goes to Paramount renovation, Azusa development
Two loans totaling more than $130 million were announced for multifamily properties in Paramount and Azusa last week.
Largest multifamily deal since 2016
Westwood-based Aragon Holdings sold a portfolio of 36 apartment properties for $1.85 billion to Norfolk, Va.-based Harbor Group International.
Industrial Rents Up 200% in 10 Years
The industrial sector has been one of real estate’s hottest asset classes since the recession, and that has been a boon to Rexford Industrial Realty Inc.
Jobs boost WeHo/Fairfax rental market
The nVe at Fairfax, a 63-unit multifamily property just outside of West Hollywood, sold for $36 million.
Buildings restored in Los Feliz, Westlake
Developer MWest Holdings sold two multifamily properties for a total of more than $64 million.
New York company targets Arts District, Hawthorne
Zach Vella, the principal of New York-based Vella Group, is shifting his real estate investment buying focus to the L.A. market where, he says, big New York firms now largely fear to tread.
Related California’s Bill Witte continues to guide iconic projects
Related California’s Bill Witte, one of the largest developers of multifamily housing in L.A., weighs in on L.A. real estate, affordable housing and more.
Ad firm secures lease for 10,500 square feet
Video advertising firm Bliss Point Media signed a lease for 10,500 square feet in downtown Santa Monica.
Company pays $15 million for Golden Triangle site
Optimus Properties is betting bigger on Beverly Hills’ famed Golden Triangle with the purchase of another building.
Nadine Watt has been named chief executive of Santa Monica-based Watt Cos. after nine years as president.
Developer to build medical, housing at downtown site
Inception Property Group is betting that demand will remain high for health care and senior living facilities.
Strong demand for auto dealer, grocery store properties boosts sector
Auto dealerships and grocery-anchored shopping centers drove the top 10 retail real estate sales in Los Angeles County in 2019.
Ecommerce company signs leaseback deal for property
Electronics retailer Newegg Inc. has sold a nearly 182,000-square-foot warehouse near its City of Industry headquarters for $38.5 million.
2020 Year-Ahead Special Report
Local real estate executives and industry observers predict continued growth across asset classes along with evolving tactics for 2020.
Companies change their focus and embrace program
StarPoint Properties, Clearinghouse Community Development Financial Institution and Cityview are among the Southern California-based companies betting on opportunity zone investments in Los Angeles.
Redcar Properties has purchased the Westside Jefferson Business Park in Culver City for $73.5 million.
Ecommerce company Newegg signed a leaseback deal for the City of Industry property.
Coldwell Banker veteran Jamie Duran leans into the brand’s longevity
Coldwell Banker Residential Brokerage values longevity, so it’s not surprising that the company in early 2019 turned to Jamie Duran — who has 30 years with the company — to manage its Los Angeles operations.
British company pays record per-room price for Beverly Hills property
The 201-room Montage Beverly Hills hotel has sold for an estimated $415 million.
Beverly Hills-based Kennedy Wilson has secured $775 million in capital commitments.
Real Estate: HOA buys complex in unusual deal
Ground leases on condo complexes are rare in Los Angeles. This Brentwood property story was unusual from the start of the ground lease to the final sale.
Real Estate: Chamber chair looks to help homeless
Jerold “Jerry” Neuman, partner at law firm DLA Piper and chairman of the L.A. Area Chamber of Commerce, discusses the intersection of real estate and law, efforts to reduce homelessness crisis, and new directions at the Chamber of Commerce.
Deals allow buyers to bypass lengthy approval process
Fully entitled sites are in demand because they are already approved for specific projects, giving buyers a leg-up on slow approval processes.
Natural History Museum chooses Weiss/Manfredi
The La Brea Tar Pits and Page Museum are getting a facelift designed by a New York-based architecture firm.
NY developer adds Times plant to downtown portfolio
New York-based Atlas Capital Group, which has been betting big on downtown, has purchased the Los Angeles Times printing plant for $240 million, records show.
The sale of an equity stake in a 346-unit complex in Koreatown values the multifamily property at $171 million.
A 92-unit apartment complex in La Crescenta-Montrose sold for $34.5 million.
Retail: Rick Caruso entered new territory and celebrated a handful of big wins
For Rick Caruso, 2019 marked not only a new direction but also a big step forward at one local university and a sizable contribution to another.
Multifamily portfolio featuring 104 units brings $33 million
A two-building multifamily portfolio in Culver City sold for $33 million — the biggest multifamily sale in Culver City this year, according to data from CoStar Group Inc.
Real Estate: Demand for office and residential space accelerated DTLA’s transformation
Downtown’s transformation — from its ever-changing skyline to the increasingly trendy Arts District — picked up steam in 2019.
City seeks new plan after Angels’ Anaheim pact
Long Beach may have struck out with the Los Angeles Angels, but city officials plan to take another swing at developing the site that had been proposed for a new stadium.
Real Estate: Developer Chris Rising charts a course beyond downtown for Rising Realty
Christopher Rising has had a busy 2019, taking the reins from Nelson Rising, renovating the Trust Building and more.
Ivy Station, opening in 2020, will be a cornerstone of Culver City’s revival
Culver City’s status as one of L.A.’s hottest submarkets will get another big boost in mid-2020 when the massive Ivy Station development is scheduled to open.
Real Estate: Hackman Capital Partners spent big to increase its portfolio of studio properties
Michael Hackman’s real estate company went Hollywood in a big way in 2019, purchasing one company and closing two large-scale sound stage purchases worth a combined $1.4 billion.
A 115-unit mixed-use apartment development in Redondo Beach has received a $75 million loan.
Real Estate: Company continues buying spree
Brentwood-based Rexford Industrial Realty continued its buying spree, acquiring two industrial facilities for $99.7 million.
Real Estate: Iconic Pico Lanai complex is ripe for redevelopment
The iconic Pico Lanai Apartments, a 174-unit complex in Santa Monica, sold for $58.6 million.
Real Estate: Developer will build out staff of 60
Skanska is launching a commercial development office in L.A. One of its current projects is the extension of Metro’s Purple Line.
Real Estate: Deal for The Griffith is latest acquisition in hot Tri-Cities market
The Griffith, a 220-unit apartment building in Glendale, has sold for $118.5 million, records show.
Architecture: Firm’s designs reshaping Long Beach
Long Beach-based architecture firm Studio One Eleven is working on one of its most ambitious projects to date, one that will feature a 40-story, 426-foot-high tower.