Los Angeles Business Journal

LA REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Shut Out

Megamansion plan axed amid neighbor pushbackPlans for a megamansion neighbors feared would be a party pad have been pulled.

By Daina Beth Solomon April 3, 2016 12:09 p.m.   Share

Co-Living Firm Squeezes ’Em In

HOSPITALITY: PodShare hopes tight space stacks up as business.

PodShare has found room in the temporary residential market with its low-cost shared spaces.

City Approves Hollywood Palladium Towers

The Los Angeles City Council voted on Tuesday to allow construction of the Palladium Residences, which would bring two 28-story towers with 730 units to Hollywood.

Worker Falls to Death from Wilshire Grand

A construction worker fell to his death Thursday afternoon from the 53rd floor of the Wilshire Grand Center in downtown.

Judge Overturns Voter Measure Limiting Chain Store Development in Malibu

Handing a victory to developers, a judge this week overturned a measure enacted last year by Malibu voters to limit retail developments involving chain stores.

CIM to Build Tallest Condo Tower in West

CIM Group of Los Angeles appears set to build the tallest residential tower west of the Mississippi River. CIM has closed on a $14.5 million purchase of nearly 2 acres in downtown Austin, Texas, the Austin American-Statesman reports.

Creative Office in Long Beach

Adler Realty Investments Inc. of Woodland Hills has sold a 210,281-square-foot office complex in Long Beach for $35.2 million to a joint venture that aims to convert it to a creative office space.

CityView Sells Properties it Bought ‘Opportunistically’

Westwood’s CityView announced Monday it has sold four multifamily properties in Los Angeles County that it acquired at deep discounts during the downturn. It did not say how much it had paid for the properties, but said it sold them for $141 million. The properties are located in Hollywood, North Hollywood, Covina and La Mirada.

In Quest to Go National, CBRE Acquires Retail Services Firm in Midwest

Downtown L.A. real estate giant CBRE Group Inc. is expanding its retail footprint in the Midwest.

El Segundo Office Property Trades at Premium

A fund formed by San Francisco real estate investment firm Roxborough Group and Santa Monica investment firm Montana Avenue Capital Partners has reeled in a big one.

UCLA Acquires Oxy’s Former Westwood Home

UCLA has purchased the former headquarters of Occidental Petroleum Corp., which relocated to Houston last year, for $92.5 million.

Capital Improvement as Finance Firm Signs Long-Term Lease

Capital Group Cos., one of downtown L.A.’s biggest tenants, made a commitment last month to stay at 400 S. Hope St. for 15 more years after its lease runs out in 2018.

New York Life Bets on Life in Culver City

New York Life Real Estate Investors has made a $131.3 million bet on Culver City.

New Lease Develops at Kodak Site in Hollywood

SIM Group, which provides services to the entertainment industry, signed a 10-year lease last month for 65,000 square feet at the Eastman Kodak Co. campus at 1017 N. Palmas Ave. in Hollywood. Sources said the lease is valued at almost $45 million.

Century National Properties Sells Calabasas Office for $24 Million

Adler Realty Investments Inc. of Woodland Hills has purchased a 100,000-square-foot office building in Calabasas for $24 million from Santa Monica’s Century National Properties Inc.

Lionstone Buys One Bunker Hill, Rising Realty Will Manage

After converting downtown L.A.’s historic PacMutual building into sought-after creative space and selling it for $200 million last month, Houston real estate investment firm Lionstone Investments and downtown developer Rising Realty Partners will soon be at work on another old building downtown.