Los Angeles Business Journal

LA REAL ESTATE

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

Jacobs Engineering Buys Australian Firm

Jacobs Engineering Group Inc. in Pasadena said Friday that it completed its $1.1 billion acquisition of Australian professional services firm Sinclair Knight Merz.

Tutor Perini Wins $510 Million NYC Contract

Tutor Perini Corp. announced Thursday a subsidiary has won a $510 million contract at the Hudson Yards mixed use development in downtown New York City.

Aecom Names CEO Successor

Mike Burke will take over in March as chief executive of downtown L.A. engineering and technical services firm Aecom Technology Corp., the company announced Wednesday.

Rexford Buys Industrial Park in Pomona

Rexford Industrial Realty Inc. on Wednesday said that it has acquired Bonita Thompson Industrial Park, a 16.3-acre industrial complex in Pomona.

Howard Hughes Center Sold for $506 Million

Hines Real Estate Investment Trust Inc. of Houston agreed last week to buy the expansive Howard Hughes Center in Marina del Rey for $506 million.

Aecom Announces Overseas Contracts

Aecom Technology Corp. has received a contract to resume program management of construction projects planned by the Libyan government's Housing and Infrastructure Board that were suspended during that country’s 2011 revolution.

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Opened House

Path to first Santa Monica B&B took five years, $2.8 million

Santa Monica welcomes its first bed-and-breakfast after a five-year struggle for the property’s owners.

Burbank Airport Scales Back Development Plan

The Burbank-Glendale-Pasadena Airport Authority has decided to limit the commercial development of 58 acres of land that it owns adjacent to the Burbank Bob Hope Airport.

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Arts District Growth Attracts Campus Buyer

REAL ESTATEL: Boulevard Partners snaps up creative space in off-market deal.

Developers and investors are taking notice as the Arts District in downtown Los Angeles continues to draw the attention of creative people and businesses.

Spaced Out in the Open

COMMENT

The trend to ever-smaller work spaces has Charles Crumpley feeling pinched.

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Tech Connects To Downtown

REAL ESTATE: City core takes some shine from Silicon Beach.

Real Estate: Software firm Daqri’s lease is another sign downtown L.A. is clicking with tech companies.

Landmark Boyle Heights Sears Building Is Sold

After more than six years of headaches and false starts, Santa Monica real estate company MJW Investments finally sold the historic Sears Roebuck & Co. tower in Boyle Heights.

Miracle Mile’s Moving Media

REAL ESTATE: Area’s older buildings lose pull with sector.

Real Estate: Miracle Mile landlords may need to go to greater lengths to hold on to their media company tenants.

City of Industry Tailor Fit for Apparel Company

REAL ESTATE: Michael Kors expands, takes bulk of Gateway Pointe facility.

New York fashion company Michael Kors Holdings Ltd., whose namesake designer creates and sells high-end women’s and men’s apparel and accessories, has expanded in the City of Industry.

Earnings Roundup: Tetra Tech, Marcus & Millichap

Tetra Tech Inc. on Wednesday reported fiscal fourth-quarter profit that was better that Wall Street expected. Marcus & Millichap Inc. reported growth in profit and revenue in its first earnings report since going public last month.