Hannah Madans
Stories by Hannah
Luxe Hotel Closes in Beverly Hills
The Covid-19 crisis has claimed the Luxe Rodeo Drive Hotel in Beverly Hills.
Mega Lion Signs Large Industrial Lease in Santa Fe Springs
Online retailer Mega Lion Inc. has signed a lease for roughly 132,000 square feet at an industrial property in Santa Fe Springs.
Netflix Signs Biggest Office Lease in LA This Year
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.
Universe Holdings Acts to Boost Rent Collections
Since Covid-19 hit, Universe Holdings has been looking at ways to keep its rent collections high.
Koreatown Food Hall Poised for Redevelopment
Beverly Hills-based Greenbridge Investment Partners’ Principal Sean Hashem had high hopes when he developed his retail site in Koreatown.
Etco Completes One Coast Development in Pacific Palisades
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.
LA Properties Included in $700 Million Industrial Portfolio Deal
A partnership of PGIM Real Estate and Perlmutter Investment Co.’s IAC Properties has acquired a 30-property industrial portfolio.
LA Food Bank Pays $52 Million for Industrial Site
An industrial building in the City of Industry has sold for $52.1 million to the Los Angeles Regional Food Bank.
Multifamily Portfolio Sells for $33 Million in Central LA
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.
Multifamily Portfolio Secures $57 Million Loan
A multifamily portfolio, consisting of four properties in West Los Angeles and Beverly Hills has received a nearly $57 million loan.
Retail Developer Paragon Bets on Grocery-Anchored Centers
Despite Covid-19, Paragon Commercial Group is still betting big on retail developments.
In Commercial Real Estate, Women Still Face Uphill Climb
There are far fewer women in commercial real estate than men, especially in high-ranking roles, according a recently released report.
Motorcycle Parts Maker Signs Big Lease in Cerritos
Motorcycle parts manufacturer Performance Machine has signed a 75-month, 53,552-square-foot industrial lease in Cerritos.
InteliGlas Uses AI Program to Save Energy, Cut Costs
Pasadena-based InteliGlas Corp. integrates artificial intelligence systems into existing buildings for a variety of uses.
Made Goods Signs Big Lease in City of Industry
A furniture company has signed a 282,000-square-foot lease in the City of Industry.
Carson Development Adds Skydiving Facility
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.
Ivy Looks to Provide Flex Space Solutions
Real estate veterans G. Ryan Smith and Michael Zietsman have launched Ivy Offices, a flex space operator based in Santa Monica.
$1 Billion Overhaul Underway for Jordan Downs Complex in Watts
Jordan Downs, an expansive housing complex in Watts, is in the midst of a $1 billion redevelopment.
L.A Rising: Koreatown
Despite the Covid-19 pandemic, Koreatown continues to be a hotbed of development.
Venice Complex Sells for $65 Million
The 70-unit Avalon Venice apartment complex on Rose Avenue in Venice Beach sold for $65 million.
Family-Owned Developer Decron Eyes Further Expansion
For Mid-Wilshire-based developer Decron Properties Corp., family is key.
CIM Group Sets Record With $506 Million Deal
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.
Whiskey-Themed Hotel Set for Hollywood
A whiskey-themed hotel under construction near Hollywood Boulevard has just received $35 million in financing.
Historic West Hollywood Apartment Building Sells for $16 Million
The iconic El Palacio apartment building in West Hollywood has sold for nearly $16 million.
Pandemic Cuts Into LA’s Real Estate Markets — and the Portfolios of Some of the City’s Wealthiest
The historically strong real estate market in Los Angeles has faltered during the Covid-19 pandemic.
Supportive Housing Project Set for Filipinotown
Linc Housing Corp. has partnered with Search to Involve Pilipino Americans on HiFi Collective at 3200 W. Temple St.
Granite Properties Spending $10 Million Covid-19 Precautions
Granite Properties Inc., which has three buildings in L.A., is investing $10 million to make its properties Covid-19 safe.
BLVD Acquires Georgian Hotel in Santa Monica
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 Is Taking a Toll on Plans for New Hotels
Covid-19 has had a devastating impact on the hotel industry, and that pain has extended to the planning and construction of new hotels.
Tauro Capital Arranges $50 Million in Loans for Developers
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.
Chinese Company Signs Large Industrial Lease in Vernon
US Elogistics Service Corp., a China-based ecommerce company, has signed a roughly 232,000-square-foot industrial lease in Vernon.
LA County Assessment Roll Surges to $1.7 Trillion in Pre-Pandemic Calculations
Assessed property values in Los Angeles County increased for the 10th consecutive year, according to the latest Assessment Roll.
ARod’s Company Sets Sublease Deal in Weho
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.
Rental Companies Onerent, Invitation Homes Ramp Up in LA
While some companies may be slowing down due to Covid-19, two that specialize in single-family home rentals are ramping up.
Koreatown Developer Jamison Shows No Signs of Slowing
Koreatown-based developer Jamison is having a busy year, even in the face of Covid-19.
JLL Adds Malone, Freiberg in Key Roles
Jones Lang LaSalle Inc. has added two new high-level executives in Los Angeles.
Pandemic Drives Up Prices for Malibu House Rentals
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.
Northwood Investors Buys Culver City Site for $120 Million
A nearly 288,000-square-foot office campus in Culver City known as the Symantec Southern California Campus has sold for $120 million.
Griffin Club’s $20 Million Renovation Pays Dividends
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.
Office Buildings Secure $27 Million in Financing
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 Signs Lease in Monterey Park
Carmichael International Service has signed a nearly 29,000-square-foot lease valued at more than $10.4 million in Monterey Park.
Boston Properties Buys Into El Segundo Site
Boston Properties Inc. has acquired a 50% interest in the joint venture that owns Beach Cities Media Campus.
Office Market Sees Sales Activity in Suburban Areas
Even though office building sales have slowed amid the Covid-19 pandemic, there’s still some activity in the market.
CIT Provides $25 Million in Funding for MLK Hospital Purchase
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.
Multifamily Developer LaTerra Is Thinking Big
Century City-based LaTerra Development is growing fast and aiming high.
Big Changes Planned for Hollywood & Highland Complex
The Hollywood & Highland shopping center will soon have a new look and a new name to go along with it.
BLT Enterprises Adds Television Center to Hollywood Portfolio
Santa Monica-based BLT Enterprises has purchased Television Center in Hollywood for $64 million, according to reports. BLT Enterprises announced the sale Aug. 4.
Optimistic Coworking Proponents Prepare for Next Stage of Flex Spaces
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.
Special Report: Coworking and Coliving Spaces
Coworking was one of the hottest sectors in real estate — then Covid-19 arrived.
LaVerne Apartment Complex Sells for Record Price
A multifamily property in La Verne has sold for nearly $50 million, a record price for the area.
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