Stories by Hannah
Cautious lenders sense opportunities
Economic uncertainty is changing lending practices, but that doesn’t mean there isn’t financing available for commercial real estate in Los Angeles.
Firm will focus on luxury market
Kofi Nartey, a real estate agent to celebrities like Michael Jordan and Kevin Durant, has left Compass to start his own agency, Society Real Estate & Development.
Friends salute iconic builder
Legendary developer Jerome H. (Jerry) Snyder passed away at his home in Bel Air on May 8 after a short battle with cancer. He was 90.
TruAmerica founder still has the passion
For Robert Hart, founder of TruAmerica, multifamily real estate is more than just a business that has brought him vast success.
Company offering virtual and self-tours for properties
Decron Properties Corp., a real estate company based in Mid-Wilshire with extensive multifamily holdings, recently added more remote options to its business.
Building’s below-market rents offer long-term opportunity
A 48-unit apartment complex in Santa Monica has sold for $12 million to a private investor.
Retail site may look to add office space
Mid-Wilshire-based CIM Group is not shying away from retail properties, even in the current environment.
Public-private speeds development and reduces costs
As housing the homeless has become an increasingly urgent issue in L.A. County, Bellflower has adopted a speedier and cost-effective approach.
Company plans to develop multiple properties in LA
Despite current economic concerns, some developers are still betting big on senior housing.
After a sudden shift, LA’s office market is no longer moving at top speed
The Los Angeles office market was cruising in high gear — until the coronavirus hit. See the most recent top 10 office property sales in L.A. County.
Condo conversion development expected to open in 2021
A 48-unit condominium project in Pasadena has received a $34.5 million construction loan.
Company pays $20 million for two creative office sites
Santa Monica-based BLT Enterprises has acquired two Hollywood properties for a combined $20 million.
Publicity service offers way to boost coverage for listings
Malibu-based real estate public relations company Lion & Orb Inc. is launching PressList, a publicity service that agents and brokers can use for their listings.
Company plans to aggressively pursue commercial opportunities
Westwood-based Stockdale Capital Partners recently secured a $550 million real estate opportunity fund called SCP Real Estate Opportunities Fund I.
Ghosts kitchens offer restaurant brands fresh opportunities and reduced costs
Ghost kitchens are rapidly growing in popularity as more people turn to delivery, and they're expected to be a nearly $76 billion industry by the end of 2022.
Collection covers 26 properties in LA
A 26-property multifamily portfolio with 642 units has sold for $102 million.
Plunging occupancy rates rock the hotel industry
One of the sectors hit hardest by the coronavirus has been the hotel industry, which has found itself facing record-high vacancies at a time of canceled travel plans and safer-at-home orders.
Multifamily specialists expect buying opportunities
Century City-based Universe Holdings Development Co. says the coronavirus pandemic may impact the acquisition tear it’s been on this year, but it will not derail the company’s strategy.
Fully leased industrial site fetches $15.5M
Despite concerns in the marketplace caused by Covid-19, some companies are still buying commercial real estate.
Joint venture acquires retail center from CIM Group
A joint venture has purchased Inglewood Plaza, a 98,000-square-foot retail center, for $29 million.
Submarket Data Summary
Quarterly highlights from every submarket of L.A. County in the Real Estate Quarterly Special Report.
Tetra Tech among tenants at complex
Pasadena Corporate Park is a three-building complex spanning 260,000 square feet.
Category looks well-positioned to weather the coronavirus storm
The coronavirus may slow Southern California’s industrial real estate market, but industry executives say it’s unlikely to derail the booming category.
Redondo Beach site spans 36 acres
The leasehold interest for King Harbor Marina in Redondo Beach has sold, further cementing the city as one of Los Angeles County’s hottest markets.
After years of sustained growth, the Los Angeles real estate market finds itself entering a period of uncertainty. Here's how people in real estate are moving forward.
Tech and media companies have reshaped LA’s leasing market
Tech and media firms have been on a leasing tear in recent years, signing leases for millions of square feet in greater Los Angeles.
Once dependent on aerospace, El Segundo has diversified and thrived
Office stock in El Segundo — best known as an aerospace hub and for its Chevron refinery — is surging as other industries are moving into the area.
C3 will add 500 jobs across LA
C3, the brainchild of Beverly Hills-based SBE, mall giant Simon Property Group Inc. and hospitality company Accor, is hiring for more than 500 jobs in L.A.
Rent-subsidized senior property will be renovated
A 180-unit multifamily property in Torrance, the Golden West Tower, has sold for $74 million.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Features affordable senior housing
An apartment building in the Little Armenia neighborhood of East Hollywood has sold for $48 million.
Value-add developer opens site in Culver City
West Hollywood-based Trion Properties has completed its first foray into ground-up development.
Apartment building has 60 units
A trust has purchased a 60-unit apartment building in Glendale from an individual for $28 million.
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.
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.
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.
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.
Rockpoint buys Miracle Mile tower
A towering Miracle Mile office building at 5900 Wilshire Blvd. attracted a sky-high sale price of $312 million.
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.
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.