Los Angeles Business Journal

LA REAL ESTATE

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

Westwood Takes Constructive Approach to Change

SPECIAL REPORT: Real Estate Quarterly

Westwood Village residents and business groups, particularly those who remember its glory days, have a lot of pride in their neighborhood.

Kennedy Wilson Acquires Shopping Center

Kennedy Wilson on Wednesday said it has acquired an aging 132,995-square-foot retail center in North Hollywood that includes undeveloped property.

Hudson Pacific to Sell Stock, Buy Seattle Property

Hudson Pacific Properties Inc. on Wednesday said it has commenced an underwritten public offering of 8.25 million shares. The Los Angeles real estate company also announced an agreement to purchase a waterfront office and retail property near Seattle’s historic Pioneer Square.

Kennedy Wilson Acquires Pasadena Office Building

Kennedy Wilson said Monday it was part of a partnership that acquired a 175,000-square-foot Class A office complex at 245 S. Los Robles Ave. for $39 million.

Pouring It On Thick

Construction: World-record concrete base designed to support Wilshire Grand.

AC Martin and the architecture firm’s partners are getting ready to set a world record: the longest continuous concrete pour in history for the foundation of the new Wilshire Grand.

Rexford Industrial Makes Two L.A. County Buys

Rexford Industrial Realty Inc. on Thursday said it had acquired two industrial properties in South Bay and the San Fernando Valley for a combined $8.3 million.

LTC Drops Assisted-Living Operators

LTC Properties Inc. said Tuesday that it will not renew leases with two Wisconsin firms that operate more than a third of its assisted-living facilities.

Kennedy-Wilson Prices Stock Sale

Kennedy-Wilson Holdings Inc. on Tuesday priced a public offering of 8 million shares of its common stock at $21.45 a share, a 3 percent discount to Monday’s closing price.

Prospect Mortgage Acquires Connecticut Firm

Prospect Mortgage on Monday said it has acquired Diamond Mortgage Group in Connecticut.

Extended-Stay Pioneer at Home With Franchising

Hospitality ExecuStay acquisition opened door for Oakwood Worldwide.

Hospitality – Extended-stay pioneer Oakwood Worldwide sees its move into franchising as permanent.

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Ad Space

Agencies home in on Playa Vista

Advertising agencies have shored up Playa Vista as their L.A. industry hub.

CBRE Completes Acquisition of U.K Firm

CBRE Group Inc. has completed its acquisition of Norland Managed Services, which provides technical engineering services for commercial buildings in the United Kingdom and Ireland.

PS Business Parks Buys Bay Area Complex

Glendale's PS Business Parks Inc. has acquired the Bayshore Corporate Center in San Mateo for $60.5 million.

KB Home Quarter Disappoints

Shares of KB Home fell 6 percent after the homebuilder announced lower-than-expected fourth quarter revenue and earnings per share.

Thomas Properties Merger Approved

Thomas Properties Group Inc. announced that its stockholders have approved its merger with Parkway Properties Inc., which is expected to close on Thursday.