Los Angeles Business Journal


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

L.A.'s NFL Hopes Turn To Inglewood

Wal-Mart Stores Inc. this month sold a vacant 60-acre parcel in Inglewood, renewing speculation that the site could become a National Football League stadium.

CBRE Buys German Consulting Firm

CBRE Group Inc. of downtown Los Angeles announced Thursday it has acquired Valteq Gesellschaft, a German real estate consulting firm.

Ryland's Quarter Beats Wall Street Estimates

Ryland Group Inc. on Thursday announced strong fourth quarter results as the company rides the resurgent residential real estate market.

Kilroy Purchases Hollywood Film Academy Site for $46 Million

West L.A. real estate company Kilroy Realty Corp. announced today it had purchased a four-acre development site in Hollywood from the Academy of Motion Pictures Arts and Sciences for $46 million. The off-market deal closed in November.

Hudson Pacific Raises $196 Million

Hudson Pacific Properties has raised $196 million in a public stock offering, the company announced after the close of the markets Tuesday.

Tease photo

Re-Digging Westwood

REAL ESTATE QUARTERLY: Developers’ ground-up and renovation projects aim to draw crowds back to village.

Developers launch projects to rebuild Westwood Village’s appeal as a destination.

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.