REAL ESTATE

Recent and archived news stories on: Commercial real estate, residential real estate, housing, architecture, engineering, real estate brokers, construction, property development, property management

Goodman Group Completes El Monte Industrial Site

Company wraps construction on large logistics property

Goodman Group, which has been actively acquiring and developing industrial properties across Southern California, has completed a 1.2-million-square-foot logistics facility in El Monte.

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Hudson Pacific Founder Coleman Continues to Make His Mark

The LABJ Interview: Victor Coleman and Hudson Pacific take the high-profile route

Even after 30 years, developer Victor Coleman is still making his mark on the Los Angeles real estate market.

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Poirier Brings a Fresh Approach for Colliers

New local executive will put an emphasis on diversity

Jodie Poirier has been named executive managing director overseeing the greater Los Angeles area for Colliers International Group Inc.

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LVMH Acquires Another Beverly Hills Property

Company pays $30 million for its latest site in the city

LVMH Moet Hennessy Louis Vuitton Inc. has added to its growing roster of storefronts in Beverly Hills.

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City Approves $450 Million Project Near USC

Exposition Point, a long-planned addition to Exposition Park adjacent to the school, is moving forward after clearing the city of Los Angeles’ approval process last month.

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Nadel Architecture Sets New Ownership

Lyon, Winters take reins at firm

Sawtelle-based architecture firm Nadel Inc. has completed its transition to new ownership with principals Greg Lyon and Patrick Winters taking the helm at the firm.

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Hudson Pacific, Blackstone Partner on Studio Properties

Brentwood-based Hudson Pacific Properties Inc. will soon have a new partner in its iconic studio sites in Hollywood.

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Real Estate Investors Favor Senior Housing

The silver tsunami triggered by the aging of America is driving increased demand for senior housing, even in the face of a pandemic.

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Lowe to Launch Retail Real Estate Unit

Program seeks underperforming sites

Brentwood-based Lowe, formerly Lowe Enterprises, has announced plans to create a new group focused on redeveloping and repositioning regional retail properties.

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LA Real Estate Sales Slow Drastically During Lockdown

The commercial real estate market hasn’t stopped since stay-at-home orders were enacted in Los Angeles and the rest of California in mid-March.

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Carson Industrial Sites Sell for $64 Million

Brookfield acquires industrial sites in sale-leaseback deal

Brookfield Asset Management Inc. has purchased two industrial buildings in Carson for $63.6 million, records show.

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Universal Standard Housing Takes Modular Approach

Developer seeks to create more workforce apartments

Downtown-based Universal Standard Housing is trying to create more workforce housing in Los Angeles and sees modular building as the way to do it.

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Arcadia Apartment Property Sells for $9 Million

Starcrest changes hands for first time in 40 years

A 28-unit multifamily property in Arcadia has sold for nearly $9 million — the highest purchase price of any multifamily property in the city in the last year.

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Wilshire Vermont Property Gets $135 Million Recapitalization

Klein Financial, Divco West partner on multifamily recapitalization

The Wilshire Vermont multifamily property in Koreatown has at least one new owner.

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Silverstein Pursues US Bank Tower

Developer could pay up to $490 million

New York-based Silverstein Properties Inc. is reportedly in talks to acquire downtown’s U.S. Bank Tower from Singapore-headquartered OUE Ltd.

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