Los Angeles Business Journal


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

DTZ Shakes Up Staff at Downtown L.A. Offices

Fallout from the year-end purchase of real estate brokerage Cassidy Turley by an affiliate of DTZ Investment Holdings has hit Los Angeles.

Ryland Beats Wall Street Estimates

Ryland Group Inc. reported fourth-quarter and full-year earnings on Thursday that beat Wall Street estimates as the company benefited from higher home sales and pricing.

Commerce Escrow and RPM Investments Acquired

Downtown L.A.’s Commerce Escrow Co. and affiliate RPM Investments Inc. have been acquired by Opus Bank of Irvine in a cash-and-stock deal.

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Rising Realty Partners Buys Figueroa Courtyard

Downtown Los Angeles real estate developer Rising Realty Partners has acquired the Figueroa Courtyard, a five-building low-rise office park in downtown Los Angeles. The purchase price was not disclosed.

Developer Drops Trancas Town Lawsuit, Ending Malibu Feud

A two-decade long development battle in Malibu came to an abrupt close last week when developer Trancas PCH dropped its lawsuit against the city.

TetraTech Engineers Lease Renewal for Corporate HQ

Pasadena engineering and construction management company Tetra Tech Inc. closed 2014 by committing to keeping its headquarters in the San Gabriel Valley.

Glendale Office Garners Highest Post-Recession Price

A 16-story office building in Glendale sold last month for more than $83 million, a price not seen in the city since before the recession.

Forecloses Jump in December, Fall in 2014

Foreclosures in Los Angeles County jumped significantly in December, up 44 percent from November. But despite the month-over-month increase, the 2014 foreclosure rate countywide was down 18 percent from 2013, according to a report released Thursday.

Venice Office to Return to Retail Roots

A small Class C office building, along with an adjacent parking lot, at the west end of Abbot Kinney Boulevard in Venice sold last month for $15.5 million.

KB Home Plunges After Warning of Lower Margins

Despite reporting a year-end surge in profits, Los Angeles homebuilder KB Homes saw its stock plummet 16 percent Tuesday after its chief executive said the company expected a drop in gross margins in the current quarter.

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Beachbody Bulks Up in Santa Monica

Santa Monica multilevel marketing firm Beachbody, best known for infomercials selling its exercise and body-sculpting DVD programs Insanity and P90X, is bulking up at the beach.

Developers Fight Malibu Measure with Federal Lawsuit

Two property developers on Monday filed a federal lawsuit against the city of Malibu to block a ballot measure voters approved in November to limit chain stores and large commercial projects.

Largest L.A. Law Firm Relocates Following DaVinci Fire

Less than two weeks after a fire damaged its downtown L.A. headquarters, law firm Lewis Brisbois Bisgaard & Smith agreed to move to the iconic U.S. Bank Tower building at 633 W. Fifth St.

Maguire Secures Investment in Water’s Edge Campus

Real estate investment firm DivcoWest announced Thursday that it has completed a joint venture with storied L.A. developer Rob Maguire to gain an interest in his Playa Vista creative office campus, Water’s Edge.

Tutor Perini Settles Vegas Case

Tutor Perini Corp. has reached a nearly $190 million settlement with the owners of the CityCenter project in Las Vegas over a hotel that never opened due to alleged construction flaws.