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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.
El Segundo skin care company Murad Inc. announced Tuesday that it would move its global headquarters to a larger space within city limits.
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.
Leron Gubler sees criticism of two towering residential projects in Hollywood as outsized.
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 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 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 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.
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.
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 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.
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.
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.
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.
It’s a mighty tall order to accept the height of Millennium Hollywood’s proposed towers, Charles Crumpley writes.