Los Angeles Business Journal

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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Room for Parking Takes Lots of Focus in Projects

REAL ESTATE QUARTERLY

Parking space remains a driving issue for developers.

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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: 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.

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: 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.

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:Alex Jacobs

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: 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.

Long Beach Building Shores Up Buyer’s Portfolio

ACQUISITION: Unit of John Hancock picks up property for $135 million.

Landmark Square, one of only three Class A office properties in downtown Long Beach, sold earlier this month for more than $135 million.

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Towers Power Sky-High Offer

REAL ESTATE: $900 million bid for City National Plaza.

CommonWealth will raise its L.A. profile if it is able to finish its purchase of downtown’s twin-tower City National Plaza.

Hot-Oven Pizza to Grow by Degrees

Dining: Local chains plan to hit road to vie for bigger piece of pie.

The market for pizzas baked quickly in super-hot ovens heats up and local chains lay out expansion plans.

No Stop for Pop-Up Shop In Venice

Furniture design firm to keep doors open at shipping containers.

Design firm Ilan Dei Studio is shocked by the success of its electricity-free shop in a shipping container.

Yoga Mat Maker Stands Firmer After Acquisition

FITNESS: Manduka folds Yogitoes nonslip towels into product line.

For those who practice yoga regularly – particularly sweat-inducing hot yoga – absorbent, nonslip towels that can be spread over slick yoga mats have become an attractive accessory.

Cool Treat Puts Calories on Ice

Duo’s Chilly Ribbons shop to introduce Taiwanese ‘shaved snow’ to SoCal.

Local entrepreneurs hope dessert lovers aren’t too cool to try their “shaved snow” treat.

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Out of the Box

Apparel: Winnie & Kat unlocks multilevel marketing model for its ‘stylists’ with use of in-house trunk shows.

Clothing company Winnie & Kat unpacks in-home trunk shows as its version of multilevel marketing.

True Religion Gets New Management

The new owner of True Religion Apparel Inc. has named a new leadership team for the Vernon premium denim maker.

Cleanup, Safety Services Stay in Fashion District

Government: L.A. OKs downtown area’s Business Improvement District.

Trash and crime don’t wear well with downtown L.A.’s fashion businesses. Last week, the L.A. Fashion District Business Improvement District, which provides cleanup and safety services to more than 100 square blocks downtown, was approved for a fifth term.

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Hotelier Finds Room in China

HOSPITALITY: SBE takes upscale brand into market.

SBE checks into China with plans for four branded SLS Hotels.

Hollywood: Rising Rents Expected to Stick Around After More Space Opens

REAL ESTATE QUARTERLY

Main events in Los Angeles County’s submarkets.

Eatery Owner’s New Chapter

Lemonade founder’s cookbook may be step in expanding chain.

Lemonade owner’s new cookbook could feed cafeteria chain’s expansion plan.

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Veggie Restaurant Looks Out of State To Beef Up Chain

Veggie Grill chain sees healthy expansion opportunity in better-for-you food movement.

Joe’s Jeans to Buy Hudson Clothing

Two Commerce premium denim companies have stitched together a plan to become one.

Game Over for ESPN-Branded Eatery at L.A. Live

DINING: Complex scores triple play with new restaurants to take space.

L.A. Live will sport three new eateries in the space occupied by the shuttered ESPN Zone.

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Climbing Ladder

ALCOHOL: Fireman’s Brew drafts industry veteran to help guide the beer maker’s national expansion plan.

Beer company Fireman’s Brew has turned up the heat on an expansion strategy.

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Dolls Tuned Up For Multimedia

TOYS: Creator hopes Beatrix band is music to little girls’ ears.

Popstar Club hopes to stage a doll world coup with its Beatrix Girls rock band line.

Rack or Ruin?

Apparel: Leylie Aghili knew filling her first large retail order could sow success or failure as clothing designer.

Clothing designer Leylie Aghili took a cautious, buttoned-down approach to filling her first large retail order.