Hannah Madans Welk

IRG Raises Bond Offering of $275 Million

Sawtelle-based Industrial Realty Group has completed a bond offering of $275 million, bringing its total financing in the last year to more than $1 billion.

Kennedy Wilson Gets $300M in Preferred Equity

Toronto-based Fairfax Financial Holdings Ltd. has agreed to make a $300 million preferred equity investment in Beverly Hills-based Kennedy-Wilson Holdings Inc.

Azure Signs 14-Home Deal, Puts Down Roots in Culver City

Culver City-based Azure Printed Homes is ramping up production, recently opening a factory in Culver City and having been chosen to create 14 prefabricated homes for Oasis Development, a project owned by Ken Bagga, who also owns Oasis Inn & Suites in Ridgecrest.

Prodalim Group USA Leases South Gate Industrial Site

Israel-based beverage company Prodalim Group USA has signed a 10-year lease worth approximately $17 million for an industrial property in South Gate.

Tallest Echo Park Office Building Sells for $51 Million

The largest office building in Echo Park has sold for $51 million.

Glendale Office Building Gets $145M Loan

An office tower in Glendale known as Glendale Plaza has received a $145 million loan.

L.A. Rising: Burbank

Numerous projects are either under construction or in development in Burbank.

Westside Apartment Building Portfolio Sells for $30M

Culver City-based LA Apartments has purchased a portfolio consisting of 99 multifamily units on the Westside for $30 million from a family trust.

Long Beach Multifamily Building Sells for $49 Million

Sherman Oaks-based MWest Holdings purchased the 94-unit property.

Claridge Eyes Development in Downtown, Affordable Housing

Ricardo Pagan, founder and chief executive of downtown-based Claridge Properties, came from humble beginnings but he has worked to put himself on the map with notable projects nationwide.

Short-Term Rental Company AvantStay Raises $500 Million

West Hollywood-based short-term rental company AvantStay Inc. has raised a $500 million property company (propco) funding round.

Cityview Plans More Multifamily Development, Acquisitions

Century City-based multifamily developer Cityview has been expanding rapidly despite the pandemic.

Investor Interest in Retail Real Estate Soars

Despite the pandemic, a number of large retail sales were completed in L.A. during the second half of 2021.

Office Building in Little Tokyo Sells for $27M

Buck Design, a creative agency, has purchased an office building in Little Tokyo for $26.5 million.

Base Equities Gets $26 Million Commitment

Westwood-based Base Equities, an investment company focusing on preferred equity in commercial real estate assets, has formed a joint venture partnership with Maryland-based Alex Brown Realty.

AJU to Sell Bel Air Campus

The American Jewish University plans to sell its campus in Bel Air while expanding its digital and in-person offerings.

Rexford Purchases Industrial Properties for $170 Million

Getting off to a busy start this year, Sawtelle-based Rexford Industrial Realty Inc. acquired $170 million worth of industrial properties in January and February.

Industrial Properties in LA, Orange County Get $60M Loan

Newport Beach-based MetroGroup Realty Finance has arranged $58.7 million in financing for seven industrial properties in L.A. and Orange counties.

Hilton & Hyland Founder Jeff Hyland Dies

Jeff Hyland and Rick Hilton founded their brokerage in 1993 and quickly grew.

Long Beach Shopping Center Gets $33 Million Loan

Tenants among in the 300,000-square-feet include Ralphs Supermarket, Nordstrom Rack, Barnes & Noble, AMC Theaters, LA Fitness and Howards Appliances.

Endgame Raises $30M in Series B Round

Venice-based software company Endgame Labs Inc. has raised $30 million in Series B financing, the company announced Feb. 8.

Torrance Apartment Building Sells for $50 Million

A 107-unit apartment complex in Torrance has sold for $49.5 million.

Long Beach Office Building Sells for $86M

A 410,920-square-foot tower in downtown Long Beach known as the Shoreline Square has sold for $85.5 million.

Studio, Office Space in Atwater Village Sells for $93 Million

Reframe Studios has sold for $92.5 million, according to a source familiar with the deal.

Granite Properties Launches Flex Offering in Glendale

Plano, Texas-based Granite Properties has launched a new flexible office offering, dubbed Ready Collective, with locations in Glendale and Houston.

West Hollywood Multifamily Property Sells for $100 Million

A joint venture has acquired a multifamily property to be converted to middle-income housing.

Hotel Industry Adds Thousands of Rooms But Hasn't Hit Pre-Pandemic Activity

Pandemic-related travel restrictions are still being observed in many places, but you wouldn’t know it based on the number of hotel rooms that opened last year.

Luxury Apartment Building in Downtown Gets $90M Loan

A luxury apartment complex in downtown near L.A. Live has received a $90 million permanent placement loan.

New Nadel Principal Plans Growth

Sawtelle-based architecture firm Nadel Inc. has named Anthony Sanchez as a principal and shareholder in the firm, with plans to grow under his leadership.

Paramount Apartment Building Sells for $129M

Beverly Hills-based BLDG Partners and the California Municipal Finance Authority have acquired a 306-unit multifamily property in Paramount for $128.5 million.

City of Industry Industrial Property Sells for $11M

Brentwood-based Rexford Industrial Realty Inc. has purchased an industrial property sitting on close to 4 acres in the City of Industry for nearly $11 million.

Developer Nadine Watt Shares How Watt Cos. Is Branching Out

The LABJ Interview

Watt Cos. has long been a major player in the L.A. real estate scene, and now it's expanding out of state.

Stories by Hannah

The LABJ Interview