Los Angeles Business Journal

LA REAL ESTATE

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

Tishman Speyer Set to Buy Arts District Office for $25 Million

The company that owns New York’s Rockefeller Center is making a foray into L.A.’s up-and-coming Arts District.

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Lawsuit Flares Up Over $122 Million Sale of Bijan Store

A pair of Los Angeles-based businessmen who said they helped arrange the $122 million sale of the Bijan store on Rodeo Drive in July are suing two fashion companies connected to the deal, claiming to be owed a finder’s fee.

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Big Apple Firm Has Taste for Downtown Office

ACQUISITION: Tishman Speyer pays $25 million for couple of properties.

The company that owns New York’s Rockefeller Center is making a foray into L.A.’s up-and-coming Arts District.

Brentwood Town Center Brings in Paige Denim and Blue Bottle Coffee

The Brentwood Town Center is getting a shake-up. The compact retail center next to the Brentwood Country Mart recently signed five new leases worth more than $8 million, said Dan Blatteis, co-chairman at property owner Blatteis & Schnur Inc.

Netflix Signs Lease for Hollywood Studio Space

Netflix Inc. has signed a 10-year lease for soundstages and production offices at Sunset Bronson Studios, property owner Hudson Pacific Properties said in a news release.

Carnival Cruise Line to Double Size of Long Beach Terminal

Carnival Cruise Line has signed an agreement to more than double the size of its Long Beach terminal to accommodate larger ships.

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Construction Begins at Santa Monica Luxury Hotel

Construction has begun on a new 271-room luxury hotel and retail complex on Wilshire Boulevard and 7th Street in Santa Monica, according to the Kor Group, the real estate investment and management group developing the property.

SPECIAL REPORT: Prized Possessions

Legal victory by Los Angeles County could shut door on property owners avoiding payment of transfer taxes – as well as dodging reassessments – by using holding companies, trusts as ownership vehicles

Legal win by Los Angeles County regarding the ownership transfer in a multifamily sale could open the door to more property reassessments.

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SPECIAL REPORT: Tech Industry Charges Up Office Market

The L.A. office market saw a solid third quarter, with the vacancy rate narrowing to 14.8 percent from 16.2 percent in the same period last year, according to data from Jones Lang LaSalle.

Five New Industrial Buildings in El Monte on the Market

Five new industrial buildings totaling 501,270 square feet are now in the market in El Monte, giving the San Gabriel Valley city its first new industrial sites in about eight years.

Warner Music Group Inks Ford Factory Lease

Warner Music Group Corp. signed a long-term lease for the full Ford Factory in downtown’s Arts District, the company reported in a Securities and Exchange Commission filing on Friday.

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New Home Base

Restrictions push Chinese investors away from higher-price single-family residences to condos

Condo projects could get a boost as Chinese investors move away from costlier single-family homes.

Tribune Media Plans Downtown Condo Tower

Tribune Media is aiming to build a 30-story condominium tower next to the Los Angeles Times building in downtown.

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Spruce Goose Hangar Leased by Google Soars Into Market

The former Spruce Goose hangar in Playa Vista is up for sale, along with the opportunity to claim Google Inc. as a tenant just as the technology giant is planning to expand its office space within the massive wooden shell designed by aviator Howard Hughes.

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Buyer Charged Up Over Electric-Car Storefront

ACQUISITION: Deal grows KLM’s landlord presence at Third Street Promenade.

The sleek storefront that is home to Tesla Motors Inc.’s showroom on Santa Monica’s Third Street Promenade has sold for about $15.6 million, or roughly $5,200 a square foot, to the same company that purchased the Promenade’s Apple store in 2014.