Hannah Madans

Paragon Sells $100M of Retail Centers

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.

GPI Founders on Hunt for More Projects

Goldstein, Planting armed with $500M

GPI's founders have helped reshape the Los Angeles landscape with a combination of redevelopment and ground-up projects.

Whittier Industrial Site Is Sold

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.

DivcoWest Sells Santa Monica Stake

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.

The Heat Is (Still) On

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.

MWest Strikes While the Market Is Hot

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.

Special Report: Real Estate Quarterly — Q4 2019

Demand, prices and activity were at high levels in L.A.'s real estate market during the fourth quarter.

Rios Clementi Partners Depart to Form New Studio

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.

Los Angeles County Real Estate Market, 4th Quarter 2019

Submarket Data Summary

Quarterly highlights from every submarket of L.A. County in the Real Estate Quarterly Special Report.

Hip Hooray: Highland Park Has History — and Property Prices — on Its Side

Cool Enclave Welcomes Families

History and hipsters have converged in family-friendly Highland Park.

Multifamily Properties Secure Loans

$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.

Aragon Closes $1.9 Billion Sale

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.

Big Dealer: Rexford Piles Up the Properties in the Industrial Space

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.

Multifamily Property nVe at Fairfax Sells for $36 Million

Jobs boost WeHo/Fairfax rental market

The nVe at Fairfax, a 63-unit multifamily property just outside of West Hollywood, sold for $36 million.

MWest Sells Properties for $64 Million

Buildings restored in Los Feliz, Westlake

Developer MWest Holdings sold two multifamily properties for a total of more than $64 million.

Vella Group Focuses on LA Opportunities

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.

Making His Mark

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.

Bliss Point Relocates in Santa Monica

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.

Optimus Adds to BH Portfolio

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 Named Watt Cos. CEO

Nadine Watt has been named chief executive of Santa Monica-based Watt Cos. after nine years as president.

Inception Eyes Senior Care Facility

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.

Retail Therapy

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.

Newegg Sells Warehouse for $39 Million

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.

Real Estate: A hot market figures to stay that way

2020 Year-Ahead Special Report

Local real estate executives and industry observers predict continued growth across asset classes along with evolving tactics for 2020.

Local Developers Shift to Opportunity Zones

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.

Culver City Office Buildings Sell for $74 Million

Redcar Properties has purchased the Westside Jefferson Business Park in Culver City for $73.5 million.

Newegg Sells Warehouse for $39 Million

Ecommerce company Newegg signed a leaseback deal for the City of Industry property.

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.

Montage Beverly Hills Sells for Estimated $415 Million

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.

Kennedy Wilson Raises $775 Million

Beverly Hills-based Kennedy Wilson has secured $775 million in capital commitments.

Rare Condo Ground Lease Sells in Brentwood

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.

Neuman: At the Intersection of Land and Law

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.

Fully Entitled Sites See an Increase in Demand

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.

Renovation Plan Set for Tar Pits Site

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.

Atlas Capital Boosts LA Investment

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.

Stake Sells in $171 Million Koreatown Project

The sale of an equity stake in a 346-unit complex in Koreatown values the multifamily property at $171 million.

La Crescenta-Montrose Complex Sells for $35 Million

A 92-unit apartment complex in La Crescenta-Montrose sold for $34.5 million.

Destination Maker

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.

Culver City Sale Sets 2019 Record

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.

Downtown Boomtown

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.

Long Beach to Rethink Stadium Site

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.

New Horizons

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.

Power Station

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.

Gone Hollywood

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.

Redondo Apartment Complex Gets $75 Million Loan

A 115-unit mixed-use apartment development in Redondo Beach has received a $75 million loan.

Rexford Acquires Two Properties for $100 Million

Real Estate: Company continues buying spree

Brentwood-based Rexford Industrial Realty continued its buying spree, acquiring two industrial facilities for $99.7 million.

Santa Monica Apartments Sell for $59 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.

Skanska to Open Office Downtown

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.

Glendale Building Sells for $119M

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.

Sky Is the Limit for Studio One Eleven

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.

Stories by Hannah