Los Angeles Business Journal

Marketing Firm Trailer Park Settles Down in Hollywood

Entertainment marketing agency Trailer Park, which specializes in creating trailers for motion pictures, including for recent films such as “The Judge,” “Guardians of the Galaxy” and “Godzilla,” has expanded its commitment to Hollywood.

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American Realty Advisors Acquires Millennium Del Rey

Glendale real estate investment management company American Realty Advisors has acquired the Millennium Del Rey, a 196-unit apartment community in Playa del Rey, in a deal valued at nearly $100 million.

Stinking Rose Site Sold, May Bloom Anew

The site housing Beverly Hills’ famed Stinking Rose restaurant might bloom into something bigger.

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Brokerages Come Together in Consolidation Trend

REAL ESTATE: No money to change hands in merger of Travers Realty, Cresa.

Merging brokerages Travers Realty and Cresa Partners link up with sector’s consolidation trend.

Restaurant Site Could Serve Up Big Development

ACQUISITION: Home to Stinking Rose was pitched as ripe for large projects.

The site housing Beverly Hills’ famed Stinking Rose restaurant might bloom into something bigger.

Getting Second Look

Former defense, aerospace hub El Segundo launches projects to land tenants priced out of Silicon Beach.

One-time aerospace and defense hub El Segundo looks to take wing by connecting with tech firms

Lessons From LAUSD

For one day last month, Christopher Thornberg was principal at one of Los Angeles Unified School District’s most infamous schools.

El Segundo Means Business in Pursuing Diversity

By BETHANY FIRNHABER Staff Reporter For a small city, El Segundo is home to an impressive roster of big businesses. Aside from Chevron Corp.’s operation and all the major aerospace and defense compan

City’s marketing push homes in on smaller, more diverse company base.

Big Law, Big Lease

While the theme struck in downtown Los Angeles has been that most professional firms are contracting and putting more space back on the market, one firm is bucking the trend.

Florida Firm Checks in to Glendale Hospital

A small medical office building in Glendale sold earlier this month for a big price. CNL Healthcare Properties, a real estate investment trust out of Orlando, Fla., purchased the Lee Hughes Medical Building at 1500 E. Chevy Chase Drive for $29.9 million, nearly $443 a square foot.

Large Inglewood Residential Redevelopment Moving Ahead

When Inglewood announced last week that it had chosen five developers to compete for a bid to build a transit-oriented project near the site of a future Metro light-rail stop, it put a big emphasis on housing.

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Inglewood Moves on Project by Light-Rail Stop

Real Estate: Housing major factor in winnowing field of proposals.

When Inglewood announced last week that it had chosen five developers to compete for a bid to build a transit-oriented project near the site of a future Metro light-rail stop, it put a big emphasis on housing.

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Mover of Space Shuttle Settles in for Long Haul

The machinery-moving company that is perhaps best known for maneuvering the Space Shuttle Endeavour through the streets of Los Angeles two years ago has found a new home.

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Chinese Investors Pay Premium for Pasadena Office

A private investor group from China last week paid a premium to buy a 90-year-old Pasadena office property in the city’s historic Old Pasadena district.

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Canadian Developer Flips Venice Apts for $18 Million

The recently completed 19-unit multifamily property at 13365 W. Washington Blvd. in Venice, known as Landmark 19, was sold to a pair of undisclosed investors out of Beverly Hills. The partners bought the 30,500-square-foot building from Canadian developer Bastion Development Corp., which had marketed the property for just shy of $18 million, or nearly $950,000 a unit.

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Investor Locks Up Former Pasadena Bank Building

Real Estate: Buyer pays $36.4 million for offices near downtown retail center.

A private investor group from China last week paid a premium to buy a 90-year-old Pasadena office property in the city’s historic Old Pasadena district.

Owner of Apartments Moves Into Office Property

ACQUISITION: SM pays $76.5 million for home to media, entertainment firms.

Beverly Hills real estate company SM Management has purchased the Class A office tower at 6100 Wilshire Blvd. for $76.5 million, about $358 a square foot.

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Deal Price for Tower Takes Elevator to Top Floor

REAL ESTATE: $175 million sets new total-dollar high for downtown market this year.

Downtown tower hits high mark this year in $175 million sale.

Deal Price for Tower Takes Elevator to Top Floor

In one of the priciest downtown L.A. office deals since the recession, real estate investment management company Cornerstone Real Estate Advisers has negotiated to buy the tower at 801 S. Figueroa St. for about $175 million, according to sources familiar with the transaction.

Santa Monica Apartment Building Trades at Peak Price

A 60-unit apartment complex just five blocks from the beach in Santa Monica sold recently for $26.5 million, or nearly $442,000 a unit.

InterContinental Will Operate New Wilshire Grand Hotel

British hospitality company InterContinental Hotels Group announced Tuesday that it would operate the hotel atop the $1.1 billion Wilshire Grand project in downtown Los Angeles.

Zealot Networks Leases Former Ray Bradbury Home

Danny Zappin, co-founder and former chief executive of Maker Studios Inc., has cinched coveted creative space in Venice for a fledgling digital media studio.

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Chinese Investor Makes Move on Burbank Media

ACQUISITION: Property aimed at entertainment tenants sells for $22 million.

Burbank Civic Plaza, a Class A office building in the city’s civic center, has sold to a Chinese investment group for $22 million, or about $287 a square foot.

Healthy Snack Maker Sweet on Southern California

FOOD: Popchips to ditch San Francisco headquarters for Playa Vista building.

San Francisco healthy snack maker Popchips has new Playa Vista headquarters in the bag.

Law of Jungle in Action

Mark Robinson knew when he embarked on an African safari this summer with his wife, Pamela, that he’d get to see all kinds of wildlife up close. But the executive director of Cushman & Wakefield’s Century City real estate brokerage never imagined just how close.

Sunset Complex Sells for Big Bucks

A Sunset Boulevard apartment building with 183 units has sold for $92.7 million, about $507,000 a unit.

Pershing Square Overhaul Gets $2 Million Boost

Efforts to overhaul Pershing Square, a five-acre urban park spanning a full city block in the heart of downtown Los Angeles, got a major boost Wednesday when a San Francisco real estate developer and the city together pledged $2 million to its revitalization.

Chinese Investment Group Sets Flag in Burbank

Burbank Civic Plaza, a Class A office building in the city’s civic center, has sold to a Chinese investment group for $22 million, or about $287 a square foot.

Popchips to Move Headquarters to Los Angeles

San Francisco snack food manufacturer Popchips Inc. will move its headquarters to Playa Vista next month.

Downtown Investor Caught in Laundering Sweep

A downtown L.A. investor who recently purchased a prominent South Park development site was among those arrested last week when federal agents raided the Fashion District in connection with an alleged money-laundering scheme for international drug cartels.

USC Embarks on Major Expansion

With the demolition of its outdated University Village complete, USC was expected to formally break ground Monday on the $650 million first phase of its $1.1 billion two-phase master-planned Village at USC.

Taking Stand for History

Affordable housing project preserves Fatburger’s first spot.

Affordable housing project made preserving the first Fatburger stand a main ingredient.

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Carwash Buyer Arrested for Money-Laundering

LEGAL: Investor among group accused in alleged drug cartel scheme.

A downtown L.A. investor who recently purchased a prominent South Park development site was among those arrested last week when federal agents raided the Fashion District in connection with an alleged money-laundering scheme for international drug cartels.

Will That Monet Fade Away?

Conservation specialist devises index to assess risk for collectors.

Emily MacDonald-Korth’s index system lets collectors frame the value of paintings and other works.

Carwash Buyer Arrested for Money-Laundering

A downtown L.A. investor who recently purchased a prominent South Park development site was among those arrested last week when federal agents raided the Fashion District in connection with an alleged money-laundering scheme for international drug cartels.

Hotel Developer Welcomes Hospitality Tenant

Real Estate: DDR reaches deal for Hyatt to handle future property in Pasadena.

A developer with plans to build a hotel on the site of what used to be a Macy’s department store at the Paseo Colorado retail center in Pasadena has signed a major hospitality tenant in advance of construction.

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Redondo Pursues Tourist Beach Head

Development: City fights wave of resistance to waterfront projects.

Development: Redondo Beach still works to shore up its waterfront despite some local activists making waves.

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Mainland Buyers Shore Up Business

Eddy Chao has been advising Chinese real estate investors for more than 30 years.

Who’s Who in Real Estate: Gregory J. Karns

Gregory J. Karns began practicing real estate law more than three decades ago, and for most of that time he has worked almost exclusively with investors and lenders from Asia, particularly China.

Architect Drawn To Business Side

After less than a year in Los Angeles, I-Fei Chang has already established a reputation for the incredible scale and speed of her work.

Who’s Who in Real Estate: Laurie Lustig-Bower

Laurie Lustig-Bower has spent 26 years working in real estate in Los Angeles, with a focus on multifamily properties and developable land with entitlements for condominium projects and apartment buildings.

Museum Tenant May Leave Oil HQ High, Dry

LISTING: Oxy deal to sell to Hammer in 2021 likely to scare off investors.

Six months after announcing a move to Houston, oil company Occidental Petroleum Corp. has put its Westwood headquarters building on the market.

Who’s Who in Real Estate: Bill Nan Zhou, Feng Feng

When a delegation of real estate professionals from China came to the United States a little over a year ago to tour major gateway cities for investment opportunities, longtime Southern California business buddies Bill Nan Zhou and Feng Feng helped pave the way.

Who’s Who in Real Estate: Richard Alter

Richard Alter has been sourcing real estate deals for Chinese investors for more than two decades, working closely with Asia Pacific Capital Co.’s Eddy Chao.

Downtown L.A. Landmark Gets New Owners

Transaction: Broadway Trade Center bought by pair of New York investors.

The historic Broadway Trade Center building in downtown Los Angeles was sold last week to a pair of New York investors.

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Tower Buyer Orders Up Tall One in Downtown

ACQUISITION: Suitor to pay $270 million for L.A.’s second-highest building.

Aon Center, the second-tallest building in Los Angeles – and the state – is close to being sold for about $270 million.

Taking Top Honors After Sub Mission

Mike Margolis drove down to San Diego with his family earlier this month to cheer on his oldest son, 18-year-old James Wu, who was participating in an unusual event: an international robo-sub competition.

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Tenant Apple Shines in Deal

REAL ESTATE: Retail box sells for record $100 million.

Core value of Apple’s Third Street Promenade shop produces record $100 million deal.

Buyer Makes Triple Play for Office Properties

ACQUISITION: Rockefeller pays $210 million for three buildings in Beverly Hills.

A portfolio of three prominent Beverly Hills office buildings – UTA Plaza and its neighbor the Ice House – was sold late last month for $210 million, or about $910 a square foot, according to a real estate source with knowledge of the deal.

Tenant Apple Shines in Deal

The global appeal of Santa Monica’s Third Street Promenade and the cachet associated with Cupertino tech giant Apple Inc. has made for another jaw-dropping real estate deal.

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