Los Angeles Business Journal

LA REAL ESTATE

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

Trust Invests in Low-Income Housing

A private New York real estate investment trust that invests exclusively in affordable housing announced on Tuesday that it is putting $20 million into California low-income housing, including issuing a mortgage for a Van Nuys senior housing complex.

Tommy Store Sets WeHo Record

The 11,000-square-foot Tommy Hilfiger store at the intersection of Robertson and Beverly boulevards in West Hollywood traded last month for a record price.

Mani Bros. Buy In Playa

A pair of three-story office buildings in Playa Vista sold this month in an off-market deal for $48.5 million.

KB Home Rises on Earnings

KB Homes saw its stock rise 8.4 percent Friday after reporting first quarter results that beat analysts’ expectations and an increase in both orders and delivered homes.

Santa Monica Multifamily Market Heats Up

The Santa Monica multifamily market remains hot.

American Realty Buys Santa Fe Springs Distribution Center

American Realty Advisors, a Glendale company with more than $6 billion in assets under management, has purchased a 175,000-square-foot warehouse in Santa Fe Springs for $21.6 million.

Briefs: Wilshire Associates Opens China Office, Aecom CEO Named Chairman, New Boss at Marlborough School

Wilshire Associates Opens Office in China Santa Monica investment firm Wilshire Associates has opened an office in Suzhou, China.

Media Buildings in Burbank Now on Market

Three high-profile Burbank buildings with tenants that include Cartoon Network, Turner Broadcasting and MTV Networks have been put on the market for $90 million by their Beverly Hills owner.

Venice Office Acquired, ‘Creative’ Rehab Coming

Boulevard Partners and Arris Investments have plunked down $11.5 million for a 25,000-square-foot mixed-use building on Lincoln Boulevard at Rose Avenue in Venice.

Iconic Mountaintop Broadcast Tower Site for Sale

One of America’s most historic and iconic broadcasting landmarks is for sale.

Florida Developer Lands Downtown L.A. Site

South Florida residential developer Crescent Heights has purchased a half-acre development site in downtown Los Angeles for $11.5 million. The property, at 1045 S. Olive St., at the corner of 11th Street, is four blocks east of the L.A. Live entertainment complex.

Storied PCH Property May Be Resurrected

A storied property along Pacific Coast Highway that has seen its share of monkey business is about to take on a new role.

Briefs: Live Nation Suit Dismissed, Engel & Völkers Opens in Beverly Hills, Guess Settles Suit

Court Rules in Favor of Live Nation: A federal court in Maryland yesterday ruled in favor of Beverly Hills concert giant Live Nation Entertainment Inc. and dismissed all claims in a lawsuit filed in 2009 by It’s My Party Inc. and It’s My Amphitheatre Inc., whose principal is concert promoter Seth Hurwitz. The lawsuit had alleged violations of federal and state antitrust laws.

Kite Signs Lease in El Segundo

Santa Monica biotech firm Kite Pharma Inc. has signed a lease for a commercial manufacturing facility in El Segundo near Los Angeles International Airport.

Krekorian Opposes Weddington Complex

Los Angeles City Councilman Paul Krekorian announced his formal opposition to a proposed senior condominium development at the Weddington Golf & Tennis complex in Studio City along the L.A. River.