LA REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...MPG Office Trust To Sell U.S. Bank Tower
Struggling downtown real estate investment trust MPG Office Trust Inc. announced it had agreed to sell U.S. Bank Tower, the tallest building west of the Mississippi River, and a related parking garage, for $368 million.
Bean Counters Pull Up Roots
REAL ESTATE: KPMG to ditch its tower for new digs.
Accounting firm KPMG does a number on namesake downtown tower by moving closer to L.A. Live.
New Tenants Go Distance for Miracle Mile Space
LEASE: Pair of deals takes occupancy rate to nearly 80 percent at building.
Two new leases have brought a struggling Miracle Mile office building to near 80 percent occupancy.
Homed In on High Prices
Spate of multimillion-dollar sales offers welcome evidence that local market is bouncing back.
Stephen Shapiro thinks blockbuster residential deals signal that California’s moving into a healthier housing market.
Larry Flynt Hustles Up Buyer for Beverly Hills HQ
SALE: LFP headquarters building scores $82 million from Douglas Emmett.
Hustler Magazine publisher Larry Flynt has agreed to sell his Beverly Hills headquarters building for $82 million, sources told the Business Journal.
Retail Floor of Downtown's Market Lofts Is Sold
CIM Group Inc. has sold the nearly 60,000-square-foot downtown retail property that houses Ralphs Fresh Fare market to MDC Realty Advisors USA Inc. for nearly $19 million.
Marina del Rey Harbors Growth Plan
Real Estate: Developers look to plug into Silicon Beach scene.
Marina del Rey developers look to ride the Silicon Beach-fueled wave of interest in the Westside.
High-Rise Owner Finds Portfolio Deal Tall Order
REAL ESTATE: Shares fall after MPG reportedly ends search for buyer.
MPG stock falters as property owner comes up short in deal for high-rise portfolio.
MPG Opts for Piecemeal Sale of L.A. Portfolio
Shares of MPG Office Trust Inc. closed down 18 percent Wednesday following a report that the downtown L.A. real estate investment trust has failed to find a buyer for its portfolio of L.A. office properties.
Microsoft Big On Westside
Real Estate: Tech titan doubles up on office leases.
Industry giant Microsoft plugs into L.A.’s Westside tech scene with two office deals.
PennyMac Financial Files for IPO
PennyMac Financial Services, the residential mortgage loan provider led by former Countrywide Financial president Stanford Kurland, on Thursday said that it filed with U.S. regulators to raise more than $287 million in an initial public offering.
Strong Fourth Quarter for CBRE
CBRE Group Inc. late Wednesday reported a better-than-expected fourth quarter thanks to strong sales globally.
Macerich’s Quarter Beats Wall Street Forecasts
Shopping mall owner Macerich Inc. said higher rent revenue and tenant occupancy at its shopping malls helped it post fourth-quarter results that were better than analysts expected.
Project Stalls In Parking Lot
Real Estate: Saks moves to protect precious spaces.
Fear of losing parking spaces drives Saks to try to put brakes on sale of lot across the street.
Historic Residential Property Trades at Lofty Price
Real Estate: Art deco building, taken back by bank, sold for $30 million.
South Korean investors move into downtown L.A. with pricey deal for loft property.
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