LA REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...Brokerage Moves HQ from Westside to Downtown
LEASE: CBRE to bring together HQ with other offices on Hope Street.
CBRE Group Inc., one of the world’s largest commercial real estate brokerages, is moving its headquarters to downtown Los Angeles from the Westside.
MPG to Sell Pasadena Office Complex for $75 Million
MPG Office Trust Inc. has agreed to sell its Plaza Las Fuentes office and retail complex in Pasadena’s Civic Center neighborhood to East West Bank and an entity called Downtown Properties Holdings.
IPO for Colony Spinoff Is Priced
The coming public offering of Colony Capital LLC spinoff Colony American Homes could bring in more than $230 million.
Aecom to Oversee College District’s Building Program
The Los Angeles Community College District this week awarded Aecom Technology Corp. a contract to oversee the final phase of the district’s $6 billion capital program.
Workplaces Hit Close to Home
REAL ESTATE: Neighbors knock using condos for business.
Some condo homeowners associations are trying to stop residents from using their units as offices.
Hitting ’Em Where They Live
OP-ED: L.A.’s lack of affordable housing hinders businesses in drawing from skilled pool of employees.
Raphael Bostic, Robin Hughes and Tony Salazar urge L.A. businesses to home in on affordable housing for workers.
Ryland Raises $250 Million in Note Offering
Westlake Village homebuilder Ryland Group Inc. on Wednesday sold $250 million in a convertible note offering.
Casden Sells Apartment Complex in Burbank
Struggling Beverly Hills real estate developer Alan Casden has sold a 276-unit luxury apartment complex in Burbank that he built in 2010.
Tryperion Partners Raises $50 Million Fund
Tryperion Partners LLC, a West L.A. real estate investment and advisory firm announced Monday that it had closed its first $50 million fund.
Alexandria Real Estate Plans Stock Sale
Alexandria Real Estate Equities Inc. late Monday said that it plans to pay down debt by selling 6 million new common shares in a public offering.
Hoteliers Find Rooms in L.A.
HOSPITALITY: Developers check into projects amid recovery.
Hoteliers have shed their recessionary reservations to move forward on a host of projects.
Home Field
Architect Brenda A. Levin’s business blueprint has included going to the office with her husband every day for more than 30 years.
Ryland Buys Texas Homebuilder
Ryland Group Inc. is acquiring luxury homebuilder LionsGate Homes in Carrollton, Texas, the company announced Friday.
Public Storage Misses Profit Estimates
Earnings at Public Storage Inc. rose in the first quarter due to higher rents and lower vacancies at the company’s storage facilities, even as it disappointed analysts.
PennyMac Financial Raises $200 Million in IPO
Residential mortgage company PennyMac Financial Services Inc. raised $200 million in an initial public offering that began trading on Thursday.
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