LA REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
Red Building So Far Saving on Cost of Red Carpet
Pacific Design Center structure still awaits first tenant signing.Pacific Design Center’s Red Building has yet to get the green light from tenants willing to pay steep asking rents. January 30, 2012 midnight $$ ShareSolid Quarter for Macerich
Macerich Co. said its earnings jumped in the fourth quarter, with funds from operations up 9 percent, as the shopping mall owner saw growth in rents and a decline in operating expenses.
Kodak Wants Out of Hollywood Theater
Eastman Kodak Co. said in a new federal bankruptcy filing that it wants to end its naming rights deal for the 3,400-seat Hollywood theater that has hosted the Academy Awards for nearly 10 years.
Governor Brown Forms Board to Dismantle L.A.’s CRA
Gov. Jerry Brown has created a special three-member governing board that will be responsible for dissolving the Community Redevelopment Agency of Los Angeles.
L.A. Investor Likes Sound of Koreatown Quartet
REAL ESTATE: Vista pays $17 million for portfolio of residential properties.
A 199-unit apartment portfolio in Koreatown traded hands for $17 million this month.
Had a Baby, Closed the Deal
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Talk about being a working mom: Kimberly Roberts Stepp signed the biggest deal of her career a few months ago, only 40 hours after giving birth by Cesarean section.
Water Firm Dips Toe Back in Desert
New client prompts Cadiz to revive aquifer project.
Expanded distribution pool has water company Cadiz ready to take the plunge on a Mojave Desert aquifer project.
Improved Ryland Quarter Still Misses Expectations
The Ryland Group Inc. moved to a profit in the fourth quarter, but the results fell short of Wall Street forecasts.
Miracle Growth
Special Report: REAL ESTATE QUARTERLY
Former “spillover” market Miracle Mile is now making a splash as a prime residential and office destination.
HCP Sells Notes to Pay Down Credit Facility
HCP Inc. is selling about $450 million in senior unsecured notes, in part to pay down more expensive debt.
M West Holdings Buys Cahuenga Plaza
M West Holdings said that it has acquired Cahuenga Plaza, a 73,150-square-foot office building near Toluca Lake.
YouTube Pushes ‘Play’ on Property in Playa Vista
REAL ESTATE: Google-owned video giant is joining tech rush into Westside.
Internet video-sharing giant YouTube LLC is in negotiations to lease office space at L.A. developer Ratkovich Co.’s Hercules Campus in Playa Vista, sources told the Business Journal.
CO Architects Forms Joint Venture with N.Y. Firm
Los Angeles architectural firm CO Architects announced a joint venture with New York City’s FXFOWLE designed to extend the geographic and expertise reach of each company.
Hollywood Theater’s Next Stage May Be Rough
Kodak could lose name sponsor along with Oscars.
Possible loss of name sponsor Kodak and the Oscars could leave Hollywood & Highland theater without direction.
NBC’s Big MetroStudios Project Killed, Smaller Facility Planned
Thomas Properties Group Inc. and NBC Universal Media LLC have killed a plan to build an office and post-production complex in Universal City. nstead, NBC Universal will upgrade and convert a significantly smaller facility already located on the Universal Studios lot.
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