Los Angeles Business Journal

Investors Bottle Up Former Coca-Cola Building

acquisition: Duo plans office-retail renovation for downtown Los Angeles.

Commercial property sales are surging in downtown L.A.’s Arts District as more developers and investors see potential in the once heavily industrial area.

McMorrow Makes Gift to USC Marshall

The University of Southern California and its Marshall School of Business announced Tuesday that local real estate executive William J. McMorrow made a substantial gift to the school to establish a global real estate program.

Twitter Wings Way to New Santa Monica Space

LEASE: Social media giant sheds temporary outpost, signs up for five years.

Another major Silicon Valley company is getting serious about Silicon Beach.

Century Plaza Partners Shuffle

REAL ESTATE: Hines to buy major stake in record valuation.

Co-owners of Century Park to shift their stakes in a deal that would yield a record valuation.

Audio Engineering School Sounds Out New Home

LEASE: SAE Institute to move across Hollywood to former Kodak property.

February home and condo sales in Los Angeles County by ZIP code.

OWN to Move to West Hollywood

The Oprah Winfrey Network signed a lease Monday to move from the Miracle Mile to West Hollywood, a deal real estate insiders have anticipated for months.

Tease photo

Old Ford Factory May Shift Gears

REAL ESTATE: Site seen as likely mixed-use development.

Plans for former Ford plant could rev up downtown L.A.’s Arts District.

Lawyer Takes His Case to the Whisky

Mark Sullivan is a senior litigation paralegal for Century City law firm Cox Castle & Nicholson. He’s also the firm’s resident rocker.

Pasadena Properties Maintain Pull With Buyers

ACQUISITION: Saunders picks up former AT&T building for $82 million.

Pasadena office properties have lately proved popular investments.

El Segundo Remains First Choice for E-Tailer

LEASE: JustFab signs up for additional space near current headquarters.

While plenty of technology companies are still clamoring for space in hot Silicon Beach locales such as Santa Monica, others are content to stay a bit farther afield.

Burbank Tower Comes Up Short

REAL ESTATE: Building left by Disney grabbed for low price.

A 32-story tower in the heart of Burbank’s media district – the tallest office building in its market – is expected to trade hands this week in a deal many consider a steal.

Burbank Tower Coming Up Short

A 32-story tower in the heart of Burbank’s media district – the tallest office building in its market – is expected to trade hands next week in a deal many consider a steal.

Tease photo

Tide Finally Turns In San Pedro for Residential Project

DEVELOPMENT: Long-stalled residential project at a former Navy housing complex sets sail in San Pedro.

A long-stalled 61-acre residential project in San Pedro has been given the go-ahead by the Los Angeles City Council, paving the way for work to begin on one of the largest infill residential developments in the city.

Westside Property Owner Moves Into Koreatown

ACQUISITION: Roberts pays hefty $22.6 million for apartment building.

Koreatown, an affordable residential market for downtown L.A. and Hollywood office workers, has lately proved hot for multifamily investors.

Large San Pedro Development Approved

An expansive residential development project in San Pedro nearly 10 years in the making gained final city approval today.

Surprise Proposal at Recovery Site

A few weeks ago, Ray Adamyk, 52, hosted a ribbon-cutting ceremony for a historic home in La Verne that his Pomona company, Spectra Co., worked to renovate and restore.

Tower Developer Set to Take Run At Miracle Mile

REAL ESTATE: Developer Jerry Snyder is preparing to go the distance on a new office tower for Miracle Mile.

Manhattan Beach Brokerage a Luxury Purchase

ACQUISITION: Shorewood buy offers Herman Group access to wealthy clients.

South Bay residential real estate brokerage Shorewood Realtors Inc. has been acquired by Denver real estate holding company Herman Group for an undisclosed price.

Developer Evoq Properties Considering Sale of Business

Downtown L.A. developer Evoq Properties Inc. announced today that it was exploring “strategic alternatives,” including a possible sale of the company.

Shorewood Realtors Sold to Denver Investor

South Bay residential real estate brokerage Shorewood Realtors Inc. has been acquired by Denver real estate holding company Herman Group for an undisclosed price.

Serial Seller May Be Picking Up Purchasing Pace

ACQUISITION: $50 million property deal Jamison’s biggest since 2008.

After a year spent selling more properties than it acquired, Jamison Services Inc. seems to be back in buying mode.

Historic High-Rise Reaches Top Sustainability Level

REAL ESTATE: Pac Mutual rated Platinum after Rising’s $25 million renovation.

REAL ESTATE – Rising Realty’s $25 million renovation takes Pac Mutual to top of sustainability scale.

Deal For Building Sign Looking Up

Developer expects to get rise out of buyers for Hollywood space.

REAL ESTATE: Owner of building-side ad space in Hollywood expects a few bidders to sign up for property.

Historic Pasadena Site Touts Creative Appeal

LISTING: Disney Store’s lease may boost sale price of former laundry building.

The three-building creative office complex in Pasadena that is home to Disney Store’s western region headquarters was put up for sale earlier this month.

Tease photo

Building Interest

Investor moves crowdfunding model into real estate

It may have seemed unremarkable when Beverly Hills real estate company Realty Mogul Co. invested in five Baldwin Hills apartment buildings last month in deals that totaled $15 million. But it was remarkable because of this: They were financed through crowdfunding.

Former Star-News Building Turning the Page

REAL ESTATE: Beaux arts property in Pasadena bought for $16.5 million.

The historic beaux arts building that once housed the Pasadena Star-News was sold last week in a bankruptcy auction for more than $16.5 million.

Playa Vista In Home Stretch

Real Estate: Developers launch the project’s final phase.

REAL ESTATE: Developers home in on Phase 2’s range of residential projects in Playa Vista.

Kilroy Earnings Beat Analysts’ Expectations

Kilroy Realty Corp. yesterday reported earnings that rose in concert with the overall improvement to the commercial 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.

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.

Tease photo

Doughnut Company Sees Holes to Fill in SoCal

Food: Krispy Kreme’s area franchisee plans to open 20 shops in next seven years.

Krispy Kreme plans to go hole hog in Southern California with 20 new stores.

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.

Pre-Sales Spark Start of Industrial Developments

Construction: Lack of Class-A space, tight market spur Vernon groundbreaking.

Housing: December home and sales in L.A. County by ZIP code.

High Lease Rates Drew Big Interest From Bidders

Real Estate: Invesco arm buys five-building office campus for $100 milllion.

Real Estate: Institutional investor scoops up Westlake Village office property with high lease rates.

Dallas Duo Lassoes Fourth Santa Monica Building

Acquisition: Lincoln and Centennial buy Promenade property for $20.3 million.

Santa Monica’s Third Street Promenade, a top destination for tourists visiting the region, seems to hold a similar allure to out-of-town investors.

High Riser

Jim Thomas went from a small North Carolina town to shaping L.A.’s skyline as a real estate developer.

Interview – Jim Thomas’ towering real estate career includes developing some of downtown L.A.’ s landmark buildings

City of Bell Rings Up Blockbuster Land Deal

Sale: Developer pays $44 million for 39 acres of undeveloped property.

In the largest land deal in central Los Angeles in more than a decade, the city of Bell has sold 39 acres of undeveloped property along the 710 freeway to Long Beach developer Pacific Industrial for more than $44 million.

West L.A. Campus Sale Reflects Market’s Appeal

Real Estate: Hines shells out $506 million for Howard Hughes Center.

Real Estate: Hines’ $506 million deal for the Howard Hughes Center shows L.A.’s market can be an asset for outside investors.

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.

Tease photo

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.

Rehab Hospital Plan Resuscitates Ailing Property

Lease: Deal between UCLA, Cedars marks revival of medical market.

A major lease deal co-signed by longtime medical rivals Cedars-Sinai Medical Center and UCLA Health System last week might indicate that the health care real estate market is back on track after years of uncertainty.

Tease photo

Branching Out

Live-tree firm sprouts elsewhere after billionaire buys in

Retail: Living Christmas is growing its tree rental business with a rooting interest from billionaire Mark Cuban.

Downtown L.A. Center in Bed With Big Brands

Lease: Fig at 7th signs up shops for Victoria’s Secret, Bath & Body Works.

Downtown Los Angeles will soon make way for lotion and lingerie.

Tease photo

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.

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.

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.

Hard Knocks For Homebuilder

Construction: Stock of Ryland falls after tough feedback from analysts

Construction: Investors move out of Ryland stock after the homebuilder’s revenue fails to meet expectations.

Riot Games to Move Headquarters

After coming close to a deal for 300,000 square feet in Playa Vista earlier this year, the growing tech company switched gears and has signed a 15-year lease for 284,000 square feet at Element LA, a project by West L.A. real estate company Hudson Pacific Properties Inc. at Olympic Boulevard and Bundy Drive.

Meet Broker and Crime Fighter

At the end of a long work week, broker Carter Magnin doesn’t unwind with his fellow real estate buddies by going to the latest hot restaurant or bar.