Stories by Natalie
Production firm Buck Design stages $20 million deal for a Lincoln Heights building complex.
Larger entities scooping up smaller operators a natural part of cycle, analysts say.
The mergers of two local brokerages with national real estate companies announced this month will bring little to no change to the industry, analysts said.
ADVISORY: 2017 job levels dip but Obamacare battle stoking demand for services.
Benefits consultant jobs dipped in 2016 but demand is spiking for government policy guidance.
Downtown-based production company Buck Design has purchased Columbia Mills, a nine-building complex in Lincoln Heights, for $20 million, according to a brokerage involved in the deal.
Sunset Group proves high on Long Beach with a $132.9 million sale of an apartment tower.
West Hollywood’s Sunset Group has purchased a high-rise multifamily property, known as the Current, in downtown Long Beach for $132.9 million, according to data from real estate services firm Jones Lang LaSalle.
Pacific Union to unite Partners Trust, John Aaroe Group in powerful L.A. County entity.
Gavelytics hopes to court lawyers with its database on Los Angeles Superior Court judges.
Beverly Hills-based brokerage firm Partners Trust announced Thursday it is merging with San Francisco-based Pacific Union International Inc. in a deal that would bolster a new residential real estate leader in the region.
Music company BMG has announced it plans to expand its operations to Toronto, the company announced Thursday.
TECHNOLOGY: Workforce numbers stayed relatively flat despite M&A activity.
Telecommunications firms dialed up deals in 2016 but overall employment remained static.
Jerry Zucker, who directed the Best Picture-nominated movie “Ghost,” among others, has plans to sell his six-bedroom, 12-bathroom family home in Brentwood for $15.48 million, according to real estate agency Halton Pardee + Partners.
Boyle Heights-based Towne Industry has purchased a 58,859-square-foot industrial property in downtown Los Angeles from the Liss Family Trust for $10.6 million, or $180 a square foot, commercial real estate brokerage Kidder Mathews announced.
Brookfield looks to connect with buyers in Playa Vista by equipping Apple tech.
Playa Vista has become even more of a technology hub, moving beyond the office into people’s homes.
Overview of the local submarkets in the second quarter.
West L.A.’s Rexford Industrial Realty Inc. has purchased the six-building Rancho Pacifica Industrial Park in Rancho Dominguez for $210.5 million, or $180 a square foot, from downtown’s CBRE Global Investors Ltd., according to a statement.
Coworking startup WeWork has signed a lease to occupy the entire seventh and eighth floors of Pacific Design Center’s RedBuilding in West Hollywood, adding 70,000 square feet to its portfolio of 13 L.A. County locations.
The iconic Bradbury House at 102 Ocean Way in Pacific Palisades has sold for $12 million to a local woman who intends to make it her primary residence, according to John Aaroe Group, which represented the seller.
Children’s Hospital Los Angeles has received a $3 million investment from philanthropists Teresa and Byron Pollitt for an endowed chair position as the director of CHLA’s Fetal and Neonatal Institute.
Torrance’s Providence Little Company of Mary Medical Center receives $20 million donation.
Providence Little Company of Mary Medical Center in Torrance has received a $20 million donation from philanthropists Priscilla Hunt and the late Donald G. Hunt, the hospital said Thursday.
Yamibuy, built from a Chinese student’s cravings for a taste of home, looks to double revenue.
Yamibuy’s Alex Zhou turned his interest in Asian spices into an e-commerce platform.
RETAIL: Westfield property bags seventh spot as site bids to compete in online era.
Westfield Century City looks to sell shoppers on the mall experience with experiential attractions.
CONSTRUCTION: Spike in revenue, completed projects boosts KB Home earnings.
Westwood-based national homebuilder KB Home reported positive second-quarter earnings last week, spurred by an increase in revenue and completed projects, according to a June 27 filing with the Securities and Exchange Commission.
EMPLOYMENT: Top spot returns to Korn Ferry as sector faces growth issues.
Korn Ferry found its way back to the top of the executive search firm list after a strong 2016.
Patrick Soon-Shiong’s Culver City-based NantWorks has acquired a majority stake in Integrity Healthcare, which manages Verity Health System, adding six hospitals in California to its operation.
ECONOMY: Tech firms raise profile with three in top 10.
Three tech industry firms powered their way into the top 10 on this year’s Business Journal list of women-owned companies.
Playa Vista venture shores up presence overseas with deals with government, university.
Hyperloop venture speeds way to South Korea with several partnership agreements.
VR Playhouse launches virtual reality training program, USC to lead quantum computing project and sneaker marketplace Goat hires former Twitter executive.
Glassell Park-based boutique studio VR Playhouse has launched an educational program meant to attract students, artists, developers and directors to the virtual reality industry, according to a company statement.
Education software startup GoGuardian launches AI platform, Snapchat launches Snap Map and BlockFraud raises $5 million.