LA REAL ESTATERecent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
WeWork, a company that rents shared office space to fledgling entrepreneurs, has signed a 10-year lease for a little more than 40,000 square feet at 520 Broadway in Santa Monica.
The Los Angeles area already has three potential sites for an NFL football stadium. But now, there appears to be a fourth.
Billionaire developer Rick Caruso announced Tuesday that his real estate company, Caruso Affiliated, has completed the purchase of a portfolio of retail properties in Pacific Palisades along Swarthmore Avenue.
Tutor Perini Corp. and two joint venture partners have reached a $88.7 million settlement with the state of Massachusetts over litigation on the “Big Dig” project through central Boston.
The Mann Biomedical Park in Valencia and Sylmar Biomedical Park in the San Fernando Valley, both owned by Alfred Mann, have been sold to Intertex Cos. in Valencia with financial backing from L.A. investment firm Oaktree Capital Management. Biomedical Park in Valencia has finally closed. It was acquired by Intertex Cos. in Valencia with financial backing from L.A. investment firm Oaktree Capital Management.
Santa Monica real estate investment trust Colony Financial Inc. announced Wednesday that it had agreed to acquire Cobalt Capital Partners, a real estate investment trust in Irving, Texas, for about $1.6 billion.
Burns & McDonnell, a global engineering, architecture, construction and environmental services firm based in Kansas City, Mo., has opened a new office in Pasadena, its fourth in California.
Downtown L.A. asset management firm Oaktree Capital Management has signed a lease to extend and expand its headquarters in the area.
Apartment buildings in Koreatown continue to be a popular buy for investors. Murano Apartments, a 46-unit multifamily property at 342-50 S. Catalina St., was sold recently to Beverly Hills real estate company SM Management for $11.6 million, or about $252,000 a unit. The seller, San Mateo investment group TDA Inc., had purchased the building for $5.1 million in 2002, according to CoStar. The property was entirely occupied at the time of sale.
The Paley Center for Media property sold last week for the highest off-Rodeo Drive price paid for a Beverly Hills retail property since 2007.
A 12,000-square-foot retail building along a busy stretch of San Vicente in Brentwood sold last month for about $25 million, or more than $2,084 a square foot.
Carthay Campus, a two-building Class A office campus in Carthay Circle, sold for $75.3 million, or about $351 a square foot.
Entertainment marketing agency Trailer Park, which specializes in creating trailers for motion pictures, including for recent films such as “The Judge,” “Guardians of the Galaxy” and “Godzilla,” has expanded its commitment to Hollywood.
Glendale real estate investment management company American Realty Advisors has acquired the Millennium Del Rey, a 196-unit apartment community in Playa del Rey, in a deal valued at nearly $100 million.
The site housing Beverly Hills’ famed Stinking Rose restaurant might bloom into something bigger.