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
More Than $300 Million in Mortgage Loans Set for 2 Properties
The THEA at Metropolis and L’Ermitage Beverly Hills have received more than $300 million in first mortgage loans.
Sale Leasebacks Expected to Become Increasingly Popular
After seeing increased popularity in the third quarter, sale leaseback deals seem poised for strong growth in the months ahead.
Northwestern Mutual Pays $166 Million for Santa Monica Office Campus
Office sales may have slowed during the Covid-19 pandemic, but some big transactions are still taking place.
Multifamily Portfolio Sells for $142 Million
Raintree Partners has purchased a multifamily portfolio for $142 million from an unnamed private seller.
Retail Real Estate Market Shows Some Life After Months of Struggle
Covid-19 has affected the retail environment, with a rapid shift to ecommerce reshaping the shopping experience for businesses and consumers.
TenantBase Looks to Ease Office Leasing Process With Digital Platform
Santa Monica-based commercial real estate platform TenantBase Inc., which connects tenants with office space that’s available for lease, is growing through new partnerships and expanding into new markets.
Safco Capital Acquires West LA Office Building for $12 Million
A three-story office building in West Los Angeles known as Camden Gardens has sold for nearly $12 million.
Long Beach Apartment Buildings Sell for $14 Million
A portfolio of seven apartment buildings with a combined 60 units has sold in Long Beach for $14 million.
Rexford Pays $340 Million for Industrial Properties
Brentwood-based Rexford Industrial Realty Inc. has purchased a four-building industrial park and a three-tenant industrial property for a combined $339.2 million.
Dominguez Industrial Property Sells for $37 Million
An industrial building in West Rancho Dominguez has sold for $37.3 million to Cohen Asset Management Inc.
Lundquist Institute Approved to Create Biotech Park Near Torrance
The Lundquist Institute’s proposal for a 15-acre biotech park near Torrance has been approved by the Los Angeles County Board of Supervisors.
Monterey Park Industrial Site Sells for $8 Million
A private investor purchased an industrial building in Monterey Park for $7.9 million, or $175 per square foot, the largest industrial sale in the city this year.
Koreatown Multifamily Site Sells for $10 Million
Manhattan 20 has acquired a multifamily property in Koreatown for $10.3 million from La Palma Professional Center, which can be traced to Koreatown-based Jamison.
Electronic Arts to Leave Playa Vista for Del Rey
Electronic Arts plans to leave its longtime offices in Playa Vista and has signed a 10-year lease for new studio headquarters at a Del Rey office campus.
Lundquist Institute Approved to Build Big Biotech Park Near Torrance
The Lundquist Institute’s proposal for a 15-acre biotech park near Torrance has been approved by the Los Angeles County Board of Supervisors.
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