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Century City real estate investment firm Optimus Properties has dropped $24.3 million on a South L.A. shopping center it had been eyeing since 2001.
Santa Monica mall operator Macerich Co. announced Monday the company is adding two independent directors to its board and ending its stockholder rights plan or “poison pill” in a move aimed at placating activist investors.
Downtown L.A. commercial real estate giant CBRE Group Inc. has acquired one of its affiliates, CBRE Columbia, a commercial real estate services firm in South Carolina.
Miracle Mile developer J.H. Snyder Co. has signed its first lease for a creative office campus it is building in Hollywood.
A state judge on Thursday halted plans for two massive and controversial skyscrapers in Hollywood, ruling that the city of Los Angeles failed to adequately assess the $1 billion project’s traffic and neighborhood impacts.
St. Louis Rams owner Stan Kroenke’s Kroenke Group, a Columbia, Mo., real estate investor and developer, acquired a portfolio of five retail properties in the San Fernando Valley last month for $115 million.
Joss Realty Partners, a New York real estate investment firm making its first investment on the West Coast, has entered the market in a big way, buying a Santa Monica office building for the highest price per square foot ever in Los Angeles County.
In addition to attracting bold-face names, London private club Soho House, which opened a West Hollywood outpost in 2010, has apparently become a magnet for real estate investment.
Billionaire entertainment titan David Geffen and West Hollywood investor Mani Bros. Real Estate Group have continued their Malibu swapathon.
Olson Co., the largest residential developer in San Gabriel, has sold part of the property that used to house the Wham-O toy factory and was later occupied by Sriracha maker Huy Fong Foods.
JibJab Bros. Studios, a digital media production company known for comical e-cards, has relocated from Venice into a 21,000-square-foot Class C freestanding office in Marina del Rey.
The International Church of the Foursquare Gospel, founded by evangelist Aimee Semple McPherson in 1923, put 14 of its properties in Echo Park up for sale last month.
Downtown L.A.’s PacMutual, which has been repositioned to appeal to creative office tenants, last month signed its second-largest lease with an unexpected tenant: a new law firm.
Pacshore Partners, an L.A. real estate investment firm run by Philip Orosco, and Canyon Catalyst Fund, a joint venture between L.A.’s Canyon Capital Realty Advisors and California Public Employees’ Retirement System, have partnered to acquire creative office buildings in Malibu and Playa Vista in two separate transactions totaling $36 million.
Downtown L.A. commercial real estate giant CBRE Group Inc. has purchased the Global Workplace Solutions unit of Milwaukee’s Johnson Controls Inc. for $1.475 billion.