A flurry of small lease deals last quarter helped turn around what had been a year of rising vacancy in the Hollywood office market.
The Los Angeles County office market continued its tepid but steady recovery last quarter.
Downsizing defined downtown Los Angeles last quarter.
DEVELOPMENT: City mulls project for east of Promenade.
Santa Monica takes a new development direction with a proposed project east of the Third Street Promenade.
LEASE: Caesars Interactive division signs deal for top floor on Colorado Avenue.
An online and mobile gaming division of casino operator Caesars Entertainment Corp. in Reno, Nev., is preparing a large expansion in Santa Monica.
ACQUISITION: $14 million property among 800-plus sold in L.A. this year.
The sale last month of a 152,000-square-foot Compton industrial building, fully leased to Kroger Co.’s Ralphs and Food4Less divisions, was yet another spark in a particularly hot market.
ACQUISITION: Cypress pays $50 million in area’s highest retail deal of year.
A shopping center across the street from Glendale’s successful outdoor mall Americana at Brand has sold for $50 million in one of Los Angeles County’s largest retail sales this year.
Rick Caruso looks to anchor megayacht by Newport Beach.
Rick Caruso looks to anchor megayacht by Newport Beach.
ACQUISITIONS: Torrance properties purchased for combined $77.5 million.
The South Bay office market is heating up.
Real Estate: Online giant to open studio on Westside.
Amazon.com is sold on Westside office space as a home for the online retailer’s entertainment unit.
REAL ESTATE QUARTERLY
Climbing property values and asking rates spur a surge in ground-up projects.
REAL ESTATE QUARTERLY: Investors flock to L.A.’s rebounding office market, driving deal volume and prices to highs not seen in years.
Building buyers are moving into Los Angeles to get in on the ground floor of the office market’s nascent recovery.
ACQUISITION: Property picked up for $66 million by Kennedy-Wilson.
Kennedy-Wilson Holdings Inc. has acquired the Beverly Hills office buildings that were once home to talent agency William Morris Endeavor in a $66 million deal.
LEASE: Pivotal Post signs 10-year deal in market hit by Disney’s departure.
Postproduction company Pivotal Post is moving its headquarters to Burbank, a good omen for the media-driven city that was hit with high vacancy rates when Walt Disney Co. consolidated its offices earlier this year.
development: City Ventures gets rolling on stalled residential project just as Pasadena condominium market takes off.
City Ventures has finally moved into constructing residences on a church’s former college campus.
SALE: Ocean West pays Jamison $54 million for Westwood Terrace building.
Jamison Services Inc., Dr. David Lee’s Koreatown real estate investment vehicle, has continued to pare back its holdings, striking a deal to sell Westwood Terrace for $54 million.
Owners of the Hyatt Regency Century Plaza Hotel are seeking historical cultural monument status for the famed Century City site, which they had proposed demolishing only years ago.
ACQUISITION: $96 million for office building is highest in market this year.
A 22-story Glendale office tower has traded hands for $96 million, the highest price paid for a single property in the Tri-Cities market this year.
Home theater, waterfall not enough at high end
Finding room for luxury amenities has become a must for some L.A. mansion buyers and owners.
PROPERTY: Media complex may fetch over $278 million.
Investment firm’s deal for entertainment-focused office complex could be a blockbuster.
Special Report: Executive Compensation
Chief executives at small-cap companies stocked up on fatter paychecks as the markets’ recovery broadened.
ACQUISITION: $27 million deal a rare sale in popular Westside leasing market.
A two-building Playa Vista office complex has traded hands for $27 million in a rare sale for the submarket.
PAPER: Company under Gores Group’s control files for bankruptcy.
Gores Group could be addressing problems with a supply contract by having National Envelope file for bankruptcy.
REAL ESTATE: Riot lease would be market’s largest deal in five years.
Playa Vista office building is in play as the future home of video game company Riot.
VACANCY: Farmers’ move of HQ to Woodland Hills lifts vacancy to 70 percent.
The departure of Farmers Insurance Group from its longtime Wilshire Boulevard headquarters is a blow to the already struggling Park Mile submarket.
REAL ESTATE: Bank finally works to turn shoreline eyesore into luxury condos.
Latest owner looks to shore up long-delayed luxury condo development in Malibu.
LEASE: CBRE to bring together HQ with other offices on Hope Street.
CBRE Group Inc., one of the world’s largest commercial real estate brokerages, is moving its headquarters to downtown Los Angeles from the Westside.
ACQUISITION: Deal for Culver City property is second-highest in last year.
A 51,288-square-foot Culver City office building has sold for $12.7 million in the second-highest sale in the city in the last year.
Horizontal shower makes splash with $35,000 price tag.
Maker of horizontal shower wants customers to take product’s high price lying down.
SALE: Thomas Properties sheds El Segundo project in $48.1 million deal.
Thomas Properties Group Inc. has sold a large El Segundo site on which it had planned to build a nearly 2 million-square-foot mixed-use complex for $48.1 million.
CONSTRUCTION: Stock of Ryland buoyed by run of recent acquisitions.
Ryland is building momentum as it buys back into markets the company fled during the downturn.
HOSPITALITY: Developers check into projects amid recovery.
Hoteliers have shed their recessionary reservations to move forward on a host of projects.
LEASE: Fremantle Media consolidates space with 10-year deal in Burbank.
Entertainment company Fremantle Media North America, producer of television shows such as “American Idol” and “X Factor,” is consolidating its headquarters in Burbank.
Daughter follows dad to study architecture at academy in Rome.
Father and daughter keep it in the family with their fellowships to American Academy in Rome.
Ryland Group Inc. is acquiring luxury homebuilder LionsGate Homes in Carrollton, Texas, the company announced Friday.
Bank of America Corp. has agreed to pay mortgage insurer MBIA Inc. $1.6 billion to settle legal disputes related to home loans from its Countrywide Financial unit that were packaged into securities during the financial crisis, the bank announced Monday.
Purchase: Shapeshifter’s $5.2 million deal one of year’s highest in Burbank.
A post production company has bought an office building in the heart of Burbank’s Media District in one of the highest sales of its kind in the city this year.
AKA Beverly Hills looks to steer guests to complimentary bikes.
AKA Beverly Hills hotel peddles complimentary bikes as a draw for guests.
Toppik’s head topper fills in blanks for actor portraying president.
Toppik Hair Building Fibers comes out ahead after it plays a role in making a bald actor look like President Obama.
FINANCE: Green Dot revenue beats expectations despite rise in competition.
Investors put their money on prepaid debit card company Green Dot after healthy quarterly report.
INTERNET: Stamps.com’s stock surges after beating earnings expectations.
Online postage company Stamps.com delivers on Wall Street with strong earnings.
ACQUISITION: Jenel takes Beverly Hills retail-office property for $40 million.
The Beverly Hills home of Emporio Armani Boutique has been sold for an estimated $40 million.
Real Estate Quarterly
Three Hollywood studios expand their roles in the real estate market with large local projects.
La Brea Bakery giving away hometown trip in grilled-cheese contest.
La Brea Bakery seeks to get a rise out of customers with a grilled-cheese sandwich promotion.
The number of Los Angeles County homes sold in March remained flat compared with a year earlier while the median sale price soared as fewer homes were listed for sale.
REAL ESTATE: Vet exec brought in to land first tenants for Red Building.
Pacific Design Center brings in vet exec to get a new lease on life in signing Red Building tenants.
ACQUISITION: Lincoln to pay $50 million for downtown office property.
Lincoln Property Co. is about to acquire yet another downtown L.A. office building.
LISTING: BlackRock may sell office tower left empty by entertainment giant.
The Burbank office building recently vacated by Walt Disney Co. may be put on the market.
Egg donation service uses 3-D software to project face of child.
Egg donation service helps parents by projecting what their child will look like.
ACQUISITION: Developer to turn $8 million property into office campus.
A Culver City office warehouse has been sold for $8 million to a development team that plans to renovate it into a creative office campus.