Hannah Madans
Stories by Hannah
Clients Turn to JLL for Workplace Safety Process
How to safely return employees to the office is a topic on many minds.
L’Ermitage Luxury Hotel Headed for Auction
Bidding will start at $104 million
The Viceroy L’Ermitage Beverly Hills hotel could have a new owner soon.
Sharp Drop in Office Leases Raises Concern
The pandemic took a huge toll on office leasing in Los Angeles County in the second quarter.
Dunleer Keeps a Tight Focus to Drive Growth
Company relies on mid-range residential properties
Beverly Hills-based Dunleer has rapidly expanded since it was founded five years ago.
Market for Pricey Spec Homes Has Slowed — for Now
Spec homes, properties that are developed on a speculative basis without a specific buyer in mind, have long been a mainstay in L.A.
Koreatown Luxury Project Secures $15 Million Loan
A project in Koreatown has received a $15.2 million construction loan.
Brasa Capital Will Offer Up to $100 Million in Credit Vehicle
Century City-based Brasa Capital Management has closed its first credit vehicle, Brasa Credit I, allowing the company to provide up to $100 million in debt and equity for commercial real estate transactions.
Carmel Partners Delays Preleasing for Cumulus Tower
The Cumulus, one of the region’s most anticipated projects, will start preleasing Sept. 1 for the ARQ, the project’s 31-story multifamily building.
Cushman & Wakefield Taps McDonald as CEO
Cushman & Wakefield has named Andrew McDonald as chief executive of its Americas division.
Goodman Group Completes El Monte Industrial Site
Company wraps construction on large logistics property
Goodman Group, which has been actively acquiring and developing industrial properties across Southern California, has completed a 1.2-million-square-foot logistics facility in El Monte.
Poirier Brings a Fresh Approach for Colliers
New local executive will put an emphasis on diversity
Jodie Poirier has been named executive managing director overseeing the greater Los Angeles area for Colliers International Group Inc.
Nadel Architecture Sets New Ownership
Lyon, Winters take reins at firm
Sawtelle-based architecture firm Nadel Inc. has completed its transition to new ownership with principals Greg Lyon and Patrick Winters taking the helm at the firm.
City Approves $450 Million Project Near USC
Exposition Point, a long-planned addition to Exposition Park adjacent to the school, is moving forward after clearing the city of Los Angeles’ approval process last month.
LVMH Acquires Another Beverly Hills Property
Company pays $30 million for its latest site in the city
LVMH Moet Hennessy Louis Vuitton Inc. has added to its growing roster of storefronts in Beverly Hills.
Hudson Pacific Founder Coleman Continues to Make His Mark
The LABJ Interview: Victor Coleman and Hudson Pacific take the high-profile route
Even after 30 years, developer Victor Coleman is still making his mark on the Los Angeles real estate market.
Hudson Pacific, Blackstone Partner on Studio Properties
Brentwood-based Hudson Pacific Properties Inc. will soon have a new partner in its iconic studio sites in Hollywood.
Carson Industrial Sites Sell for $64 Million
Brookfield acquires industrial sites in sale-leaseback deal
Brookfield Asset Management Inc. has purchased two industrial buildings in Carson for $63.6 million, records show.
Arcadia Apartment Property Sells for $9 Million
Starcrest changes hands for first time in 40 years
A 28-unit multifamily property in Arcadia has sold for nearly $9 million — the highest purchase price of any multifamily property in the city in the last year.
Lowe to Launch Retail Real Estate Unit
Program seeks underperforming sites
Brentwood-based Lowe, formerly Lowe Enterprises, has announced plans to create a new group focused on redeveloping and repositioning regional retail properties.
LA Real Estate Sales Slow Drastically During Lockdown
The commercial real estate market hasn’t stopped since stay-at-home orders were enacted in Los Angeles and the rest of California in mid-March.
Universal Standard Housing Takes Modular Approach
Developer seeks to create more workforce apartments
Downtown-based Universal Standard Housing is trying to create more workforce housing in Los Angeles and sees modular building as the way to do it.
Real Estate Investors Favor Senior Housing
The silver tsunami triggered by the aging of America is driving increased demand for senior housing, even in the face of a pandemic.
Wilshire Vermont Property Gets $135 Million Recapitalization
Klein Financial, Divco West partner on multifamily recapitalization
The Wilshire Vermont multifamily property in Koreatown has at least one new owner.
Added Safety Measures Pay Off for Cityview
Rent collections remain steady as virtual leases rise
Century City-based multifamily developer Cityview has been striving to keep its communities working smoothly during the Covid-19 pandemic while also looking to the future.
Student Housing Sets Financing
Ophir Terrace near UCLA secures $11 million loan
A student housing property near UCLA has secured $11 million in financing.
Cottonwood, Shawmut Design Form Partnership
Firms will focus on education sector
Downtown-based Cottonwood Management and Boston-headquartered Shawmut Design and Construction have formed a partnership with the goal of expanding their education sector real estate footprint.
Silverstein Pursues US Bank Tower
Developer could pay up to $490 million
New York-based Silverstein Properties Inc. is reportedly in talks to acquire downtown’s U.S. Bank Tower from Singapore-headquartered OUE Ltd.
Multifamily Site Sells in Silverlake
East Smart Choice acquires unique property for $8 million
East Smart Choice has purchased a multifamily property on the border of Silverlake and East Hollywood for nearly $8 million. The property has 11 recently completed units.
LA's the Space Place
Region’s ‘dynamic’ aerospace industry requires huge real estate footprint
The aerospace industry, which has been a bright spot in Southern California’s real estate market for years, continues to shine.
CIM Exits Crenshaw Plaza After Facing Opposition
Proposed deal was valued at $100 Million
In an unusual development, one of the biggest retail real estate sales of the year has fallen through amid community opposition.
Supportive Housing Projects Go Modular
Developers say prefabricated units save time, money
Supportive housing projects for the homeless and low-income housing developers are increasingly using modular construction.
20 in Their 20s: Andre Soroudi
"One of the things that attracted me to real estate development is that you are building things that you hope are going to impact a community for a hundred years or more."
20 in Their 20s: Greg Comanor, Sonya Falcone and Aaron Sassounian
"We are trying to bring institutional investors looking for a social impact investment to the space."
Dean Foods Properties Are Sold
Dairy Farmers of America acquires City of Industry sites
Two industrial properties in the City of Industry have sold as part of a larger $433 million portfolio sale.
LaTerra Sets $250 Million Multifamily Joint Venture
Developer will partner with QuadReal
Century City-based multifamily developer LaTerra Development plans to invest $250 million to develop and operate multifamily communities in Southern California as part of a joint venture with QuadReal Property Group.
Covina Medical Site Fetches $40 Million
IRA Capital purchases property from DaVita
Irvine-based IRA Capital has purchased a 64,000-square-foot medical office building in Covina for $40 million.
Industrial, Office Sites Acquired in Carson
South Bay city attracts Salvation Army, Rexford
The South Bay city of Carson has seen two notable recent commercial real estate sales.
Dominguez Properties Bring $14 Million
Buyer plans to redevelop both infill industrial sites
Two industrial properties in Rancho Dominguez recently sold for a combined $14.4 million.
Bargain Hunters
Real estate companies seek opportunities in a distressed market
For several real estate companies, the Covid-19 pandemic could present some unique opportunities.
Malibu Sites Sell for $18 Million
Pepperdine buys two office buildings
Two office buildings in Malibu Professional Park have sold for a combined $17.5 million.
Retail Site Is Sold in Pasadena
Remodeled strip center valued for its ‘potential’
A strip center in Pasadena at the corner of Lake Avenue and Orange Grove Boulevard has sold for an undisclosed sum.
Retail Reeling
Deals for brick-and-mortar properties face a slowdown
To say that 2020 has been interesting for retail so far is an understatement.
Unconventional Path Pays Off for BLT
Developer wins with diverse businesses
Santa Monica-based BLT Enterprises, now a major developer and owner of real estate across several asset types, got its start in an unusual way.
Atlas Capital Buys Pasadena Office Site
Company pays $72 million, latest big deal in low-risk market
The Pasadena marketplace has already seen a handful of big investments this year, and Atlas Capital Group is the latest buyer.
LPC West Is Looking to West Coast Growth
Rawi sees additional $1 billion in investments for LA market
Downtown-based LPC West, the West Coast arm of Lincoln Property Co., is expanding its mixed-use sector in Los Angeles.
Decron Pays $72 Million for Site in NorCal
Deal continues company's expansion into other markets
Mid-Wilshire-based Decron Properties Corp. has purchased a property in Fremont for nearly $72 million.
Barach Takes Larger Role at Vista
Veteran executive says firm will seek value-add properties
Real estate veteran Philip Barach is taking a more active role as chief executive and co-managing partner of Vista Investment Group.
Real Estate Market Should Roll With the Punches
Industrial, multifamily figure to lead eventual rebound
After a nearly decadelong winning streak, the Los Angeles real estate market has run up against a formidable foe in Covid-19.
Low-Income Site Sells for $34 Million
Watts multifamily complex has 102 units in 30 buildings
Washington Court, a low-income property in Watts with 102 apartments, has sold for $33.5 million.
Owners Work on Rent Issues
Tenants seek out abatements and deferrals
As the Covid-19 pandemic rages on, forcing some businesses to close and leaving others with financial challenges, many companies have sought some kind of rent relief.
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