LA REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...Broadway Financial Sells More Non-Performing Loans
Broadway Financial Corp., which has been working to clear its books of long-standing bad debt, has completed the sale of another $8.7 million worth of non-performing loans.
Skin Care Company Lands El Segundo Headquarters
El Segundo skin care company Murad Inc. announced Tuesday that it would move its global headquarters to a larger space within city limits.
BofA Settles With Mortgage Insurer
Bank of America Corp. has agreed to pay mortgage insurer MBIA Inc. $1.6 billion to settle legal disputes related to home loans from its Countrywide Financial unit that were packaged into securities during the financial crisis, the bank announced Monday.
Give Tower Project Some Space
Leron Gubler sees criticism of two towering residential projects in Hollywood as outsized.
Colony American Homes Files for IPO
L.A. billionaire Thomas Barrack Jr.’s Colony Capital LLC is spinning off another business to the public markets, with Colony American Homes, a buyer of rental homes, filing with securities regulators for an initial public offering.
Tutor Perini Moves to Profit
Tutor Perini Corp. swung to a profit in the first quarter, as the Sylmar construction firm saw an increase in work that ranged from gaming projects in Nevada to fixing damage caused by Hurricane Sandy.
PennyMac Financial Provides IPO Details
PennyMac Financial Services said Monday it planned to raise $200 million though a previously announced initial offering by selling 11.1 million shares at a price range of $17 to $19.
Thomas Properties to Move to NYSE
Thomas Properties Group Inc. said it would transfer its stock listing from the Nasdaq Global Market to the New York Stock Exchange next week in an effort to boost investor interest in its common shares.
Building Side Career in Show Biz
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Developer Andrew Meieran is plenty busy. He owns downtown L.A. nightclub the Edison and has undertaken the multiyear, multimillion-dollar redo of the nearby Clifton’s Cafeteria.
Investment Group Has Armani Boutique in the Bag
ACQUISITION: Jenel takes Beverly Hills retail-office property for $40 million.
The Beverly Hills home of Emporio Armani Boutique has been sold for an estimated $40 million.
Caruso Announces Changes for Americana at Brand
Caruso Affiliated on Wednesday announced more than $60 million in renovations at Americana at Brand, largely aimed at the Brand Boulevard side of the Glendale shopping center.
License to Lease
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For those who don’t know commercial real estate, the license plate on Paul Sablock’s GMC Suburban doesn’t mean much. It reads 32FTCLR.
Pacific Design Center Looks to End Vacancy Streak
REAL ESTATE: Vet exec brought in to land first tenants for Red Building.
Pacific Design Center brings in vet exec to get a new lease on life in signing Red Building tenants.
Redondo Beach Moves to Shore Up Hotel Options
HOSPITALITY: Hilton and Marriott projects to add 319 total rooms to city.
Springtime in Redondo Beach has brought new life to the hotel industry in the beachside city.
Hollywood Surprise
COMMENT
It’s a mighty tall order to accept the height of Millennium Hollywood’s proposed towers, Charles Crumpley writes.
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