Los Angeles Business Journal

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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.

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 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.

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

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.

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.

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.

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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.

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.

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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.

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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.

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.

Beverly Hills Retail Properties Rich With Appeal

REAL ESTATE: RREEF pays $35.5 million for pair of North Beverly buildings.

Rodeo Drive might be the toniest shopping district in Beverly Hills, but lately it’s nearby North Beverly Drive that has investors and tenants clamoring for space.

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.

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Getting Back On Track

New team takes wheel at raceway

Racing: New management team looks to revive Irwindale auto track after it had been driven into the ground.

Architects Have Cross to Bear

Two firms will team up to prepare Crystal Cathedral for Catholic ceremonies.

Two architecture firms meet at the alter in the change-over of the evangelical Crystal Cathedral to a Catholic church.

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New York Investor Sold on West Hollywood Retail

ACQUISITION: Thor buys Robertson Boulevard site in $27 million deal.

A major New York landlord is paying top dollar to make inroads in L.A.’s retail real estate.

Fashion Forward

REAL ESTATE: Urban Outfitters lease lifts retailers’ morale in Westwood Village.

Urban Outfitters’ double-lease deal raises hopes that Westwood Village is back in fashion.

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Culver City Surge

REAL ESTATE QUARTERLY

Culver City got projects moving in part by focusing on its transportation advantages such as a Metro line stop.

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Room for Parking Takes Lots of Focus in Projects

REAL ESTATE QUARTERLY

Parking space remains a driving issue for developers.

Big Apple Business Plucks Downtown Portfolio

ACQUISITION: Deal for MPG expands Brookfield’s Class A holdings in market.

New Yorkers this week will hold the keys to a huge chunk of the office space in downtown Los Angeles.

Headphones Maker Sounds Out Culver City Move

LEASE: Beats Electronics to leave Santa Monica for Hayden Tract space.

Audio equipment company Beats Electronics, which sells high-end headphones branded by rapper and music producer Dr. Dre, will move its headquarters from Santa Monica to Culver City next year.

NY Firm Buys Stake in One California Plaza for $295 Million

New York real estate firm Madison International Realty announced Wednesday that it had purchased a 49 percent interest in One California Plaza, a 42-story office tower at 300 S. Grand Ave. in downtown Los Angeles.

Brokerage At Home In Condos

Agency sees sales soar by moving into deals for high-end units.

Brokerage Agency is putting out welcome mat for high-end condo listings.

Apartment Community Welcomes New Owner

ACQUISITION: 25-acre Baldwin Hills property sells for $60 million.

Bargain hunters willing to buy in bulk might do well to look to Baldwin Hills.

New York New Home Field for Frank McCourt?

Development: Former Dodgers owner plans huge tower for Big Apple.

Ex-Dodgers owner Frank McCourt’s new field of dreams is a New York tract targeted for a mixed-use tower.

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Century Park on Block With Sky-High Price Tag

REAL ESTATE: Owners looking to sell landmark twin-tower campus for $2 billion.

The owners of the Century Park office campus, perhaps the region’s most recognizable real estate outside of downtown Los Angeles, have put the trophy property up for sale.

Century Park Complex Put on Market

The sprawling Century Park office campus, which includes the headquarters of Creative Artists Agency and the twin Century Plaza Towers, has been put on the market by J.P. Morgan Asset Management.

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LivingSocial Relocates Office to Torrance

Despite closing its New York and Seattle offices earlier this summer, the Washington, D.C., company last week signed a lease for 20,000 square feet at the Pacific Center in Torrance.

Upscale Stores See Gold in Brentwood

RETAIL: Market pushed higher by new home for Theory, Helmut Lang.

Several upscale chains have opened in Brentwood, and now a new project is about to break ground to accommodate two more.

SEC Stocking Up on Downtown L.A. Office Space

REAL ESTATE: Executive order has agency leaving Miracle Mile for Citigroup Center.

After many years in the Miracle Mile, the L.A. office of the Securities and Exchange Commission is moving downtown.

A Spoonful of Sugar, Plus ...

Cow Wow flavors milk with familiar taste of breakfast cereals.

Cow Wow is using more than a spoonful of sugar to help its milk go down. The downtown L.A. company is making it taste like breakfast cereal.

Play Maker

Bryan Stockton decided he was game for toy business after more than two decades in the food industry.

Mattel Chief Executive Bryan Stockton beefed up his business resume with an early career stint at Oscar Mayer.

L.A. Firm Finds Hostess Filling

INVESTMENT: Hackman takes big bite of bakery’s portfolio.

Hackman Capital sees a sweet opportunity in the assets it acquired from Twinkie maker Hostess.

Kennedy Wilson Makes North Hollywood Purchase

Beverly Hills real estate investment firm Kennedy Wilson Holdings Inc. announced Tuesday that it has purchased a four-story Class A office building and accompanying seven-story parking structure in North Hollywood at 5161 Lankershim Blvd. for $45 million.

Dallas Duo Kicks Up Sand With PCH Purchase

INVESTMENT: Partners see turnaround opportunity in Pacific Palisades complex.

Fabulous beachside homes are not the only desirable properties along L.A.’s coast.

Special Report Who’s Who In Real Estate: Christopher C. Martin

From an interior designer to a real estate developer, the Business Journal speaks with a dozen local players who have no reservations about checking back into L.A.’s hotel market.

Special Report Who’s Who In Real Estate: Avi Brosh

Hotelier Still Making Rooms

From an interior designer to a real estate developer, the Business Journal speaks with a dozen local players who have no reservations about checking back into L.A.’s hotel market.

Special Report Who’s Who In Real Estate: Bruce Baltin

From an interior designer to a real estate developer, the Business Journal speaks with a dozen local players who have no reservations about checking back into L.A.’s hotel market.

Special Report Who’s Who In Real Estate: Michael Zislis

Restaurateur Relies on Gut

From an interior designer to a real estate developer, the Business Journal speaks with a dozen local players who have no reservations about checking back into L.A.’s hotel market.

Special Report Who’s Who In Real Estate: Jim Butler

From an interior designer to a real estate developer, the Business Journal speaks with a dozen local players who have no reservations about checking back into L.A.’s hotel market.

Special Report Who’s Who In Real Estate: Patrick Deming

From an interior designer to a real estate developer, the Business Journal speaks with a dozen local players who have no reservations about checking back into L.A.’s hotel market.

Small Plots Pull Lots of Attention

DEVELOPMENT: Lennar plans residences for urban infill areas.

Lennar is going for small-lot residences in a big way with its projects in Hollywood.