Reporter (Real Estate)
Firm pays $78 million for campus sites in Commerce, Torrance
Omninet Capital has purchased office campuses in Commerce and Torrance for a combined $78 million.
Company to expand housing operation
Culver City-based United Dwelling Inc. has raised $10 million in a Series B round led by Alpha Edison.
Watts multifamily complex has 102 units in 30 buildings
Washington Court, a low-income property in Watts with 102 apartments, has sold for $33.5 million.
Company planning to acquire $1 billion in new inventory
CorpHousing Group, a New York-based company with more than $500 million in inventory across the country, is expanding into Los Angeles.
Tenants seek out abatements and deferrals
As the Covid-19 pandemic rages on, forcing some businesses to close and leaving others with financial challenges, many companies have sought some kind of rent relief.
Industrial, multifamily figure to lead eventual rebound
After a nearly decadelong winning streak, the Los Angeles real estate market has run up against a formidable foe in Covid-19.
Prices are holding steady, especially in luxury markets
Some of the top residential real estate agents in the Los Angeles market say the current situation is not as dire as might be expected given the circumstances.
CIT and its banking subsidiary, CIT Bank, have made a $37.3 million investment in the Jordan Downs Apartments Project in Watts.
Downtown property secures 10-year loan for use on existing debt
The iconic 2.5 million-square-foot City National Plaza in downtown has been refinanced for $550 million.
Company pays $21 million for industrial building
Brentwood-based Rexford Industrial Realty Inc. has purchased an industrial property in Commerce for $21 million.