LA REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...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.
Let Loose in Long Beach
SPECIAL REPORT: Updated zoning plan helps draw developers downtown in L.A. County’s second- biggest city.
Changes to Long Beach’s zoning codes helped turn the city’s downtown into a center of attraction for developers.
Jacobs Engineering Hits 52-Week High
Shares of Jacobs Engineering Group Inc. ended the week at a 52-week high, as the engineering and construction services company continued to benefit from a better-than-expected quarterly report earlier this week.
KB Home Partnership to Create Mortgage Company
KB Home has formed a partnership with a unit of Nationstar Mortgage Holdings Inc. to offer mortgage services to KB Home customers.
High Time
Luxury condo sales on rise as economy picks up
Rebounding economy helped homebuyers make their move into luxury condos last year.
Colony Financial Plans Stock Offering
Colony Financial Inc., which has been taking advantage of investment opportunities in the still-depressed residential market, late Thursday announced plans to sell at least 5 million common shares.
LTC Makes Land Acquisitions
LTC Properties Inc. said that it had purchased two land parcels and entered into health care facility development commitments valued at more than $29 million.
CBRE Expands in Atlanta Through Acquisitons
West L.A.’s CBRE Group Inc. has acquired business branches from Atlanta-based commercial real estate services firm Resource Real Estate Partners LLC and TPA Realty Services LLC for an undisclosed price.
Related to Break Ground on Grand Avenue
New York developer Related Cos. said that it will break ground on the first building of its long-delayed Grand Avenue project in downtown Los Angeles on Jan. 10.
Son of Clippers Owner Donald Sterling Found Dead
The son of L.A. real estate tycoon and Los Angeles Clippers owner Donald Sterling has been found dead of an apparent drug overdose in his Malibu home.
Nazarian Buys South Beach Hotel
Sam Nazarian’s SBE Entertainment LLC on Friday announced that it has partnered with developer David Edelstein to acquire Miami South Beach's famous Raleigh Hotel. The partners plan to renovate the hotel and turn it into the flagship for a new brand of luxury hotels.
Orders Dampen Otherwise Good KB Home Quarter
KB Home on Thursday reported better-than-expected fourth-quarter profit with revenue up 20 percent. Shares fell 6 percent, however, with investors concerned about sluggish growth in new home orders.
KB Home Makes Texas, North Carolina Land Deals
KB Home is continuing to expand its presence in Texas, announcing Wednesday that it recently acquired land that will yield more than 700 new home sites in two fast-growing communities northeast of San Antonio.
Kilroy Sells Industrial Portfolio
Kilroy Realty Corp. said that it closed the sale of its entire industrial portfolio and two small office projects for $355 million.
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