Los Angeles Business Journal

LA REAL ESTATE

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

Oakwood Worldwide Strikes $4 Billion Expansion Deal

Extended-stay and corporate housing specialist Oakwood Worldwide on Wednesday announced a $4 billion joint venture deal that is expected to more than triple its global reach over the next five years.

American Homes 4 Rent Prices Offering

American Homes 4 Rent announced Wednesday the pricing for its secondary offering of preferred shares.

New Equity Partner for Downtown’s Pac Mutual Building

Downtown L.A. real estate company Rising Realty Partners announced today that its equity partner in the historic Pac Mutual building, New York investment firm Mount Kellett Capital Management, had sold its stake to Houston pension fund advisor Lionstone Group for an undisclosed price.

American Homes Plans Secondary Offering

American Homes 4 Rent on Thursday announced yet another public offering of preferred shares as it continues to acquire rental homes across the country.

CIM Buying Farmers Insurance Complex

Hollywood developer CIM Group on Monday said that it has agreed to buy Farmers Insurance Group's longtime headquarters on Wilshire Boulevard.

L.A. Airport Board Recommends Palmdale Lease

The Los Angeles Board of Airport Commissioners recommended approval on Monday of a five-year lease with Japanese railcar manufacturer Kinkisharyo International LCC for space in Palmdale.

Staging Comeback

Residential, retail developers look to get in on act as Hollywood’s star rises.

Residential and retail developers have taken a leading role in Hollywood’s revival.

Farmers Market Owner Gets Line on $100 Million

A.F. Gilmore Co. has obtained a $100 million credit facility from Wells Fargo Bank, secured by its iconic Farmers Market retail center in the Fairfax District.

McMorrow Makes Gift to USC Marshall

The University of Southern California and its Marshall School of Business announced Tuesday that local real estate executive William J. McMorrow made a substantial gift to the school to establish a global real estate program.

Century Plaza Partners Shuffle

REAL ESTATE: Hines to buy major stake in record valuation.

Co-owners of Century Park to shift their stakes in a deal that would yield a record valuation.

David Nazarian Gives $10 Million to CSUN Biz School

Cal State Northridge will rename its business school after David Nazarian following a $10 million gift by the L.A. tech and real estate investor.

Large PennyMac Stockholder Paring Stake

Shares of PennyMac Financial Services Inc. fell more than 6 percent Tuesday after its largest shareholder began selling off its stake.

OWN to Move to West Hollywood

The Oprah Winfrey Network signed a lease Monday to move from the Miracle Mile to West Hollywood, a deal real estate insiders have anticipated for months.

Tease photo

Old Ford Factory May Shift Gears

REAL ESTATE: Site seen as likely mixed-use development.

Plans for former Ford plant could rev up downtown L.A.’s Arts District.

Appeals Court Rules for Newhall Ranch Developer

The Second District Court of Appeals on Thursday overturned a lower court ruling that had found environmental review of the planned Newhall Ranch development in the Santa Clarita Valley was inadequate.