Regions West | Los Angeles
CT Takes Fleetwood HQ
May 09, 2008
Newport Beach, Calif.-based CT Realty Corp. has acquired Citrus Park, a 12-building office and industrial park in Riverside, Calif., from Fleetwood Enterprises Inc.
Environmentalists OK Conservation Deal for California Development
May 08, 2008
After years of legal battles and negotiations, several major environmental groups and the Tejon Ranch Co. today announced they have reached an agreement that would preserve 90 percent of the 270,000-acre Tejon Ranch in California and enable development of a master-planned community, resort and industrial complex to continue.
$18M Loan Paves Way for Beverly Hills Office & Retail Building
May 07, 2008
A plan to convert a former gas station site in Beverly Hills into the home of a 30,000-square-foot spec office and retail structure gets a boost with Newmark Realty Capital Inc.'s orchestration of an $18.1 million loan for the project
What Will Save Westwood?
Though still heavily trafficked, the Westwood Village area near the University of California, Los Angeles, has been in decline for years.
CalHFA Commits $2.4M for Affordable, Seniors MF
May 05, 2008
The California Housing Finance Agency (CalHFA) is once again teaming up with Habitat for Humanity to provide $2.43 million for first mortgages to stimulate new homeownership opportunities for more Californians.
Brookfield Shows Interest in Maguire, Too
May 01, 2008
The saga of Maguire Properties Inc. continued to unfold today with word that Brookfield Properties Corp. is interesting in buying, along with other partners, Maguire's interests in Downtown Los Angeles office properties for about $750 million.
Gateway Village Sold for $47M in Los Angeles Suburb
May 01, 2008
Grand Gateway I, II, and III L.L.C. of Los Angeles, Calif., has acquired the 96,959-square-foot shopping center located in Chino Hills from Gateway Village I, II, and III L.P. for $47.2 million, or $487 per square foot. Hanley Investment Group Real Estate Advisors represented both the buyer and the seller in the transaction.
BH Properties Expands, Moves Offices
May 01, 2008
BH Properties L.L.C. has announced that it is expanding its offices, moving from the eighteenth floor of the Westwood Gateway to the sixth floor of the same building, located at 11111 Santa Monica Boulevard in Los Angeles, Calif.
Grubb & Ellis Promotes VP
April 30, 2008
Grubb & Ellis Co. announced today that David Ghermezian, an investment properties specialist with the West Los Angeles office, has been promoted to senior vice president.
Casden’s Los Angeles M-F Development Leasing Up
April 30, 2008
Palazzo Westwood Village in the heart of Westwood Village of Los Angeles is leasing quickly and expected to be full by the end of the year. A total of 350 rental town homes are now occupied.
Tribune Nabs 8 Newspaper HQs for $175M
April 29, 2008
Tribune Co. has bought eight office properties used by its newspapers around the United States in a like-kind exchange for $175 million from TMCT L.L.C. The transaction will save the media company $24 million a year it would otherwise have paid to lease properties where newspapers including the Los Angeles Times, Newsday, Baltimore Sun and Hartford Courant have their operations.
Trammell Crow Promotes Two, Hires One
April 29, 2008
Trammell Crow Co. has promoted Richard Fletcher to managing director and chief acquisitions officer and hired David Bass as senior vice president-asset management in the firm’s acquisition funds group in Dallas. In addition, Harry Lake has been promoted to senior vice president-acquisitions with the firm’s Los Angeles office.
Robert Maguire Floats Plan to Take Firm Private
April 28, 2008
Robert Maguire III, chairman & CEO of Maguire Properties Inc., has proposed a plan to privatize the REIT. The proposal represents the latest chapter in the company's efforts to resolve its debt problems, which is being spearheaded by a special committee of independent directors.
SoCal Apartment Market to See Modest Rental Uptick
April 10, 2008
The Southern California apartment market, one of the nation's largest, is looking forward to modest rent increases, except in certain highly desirable parts of the region, according to a new study by the University of Southern California Lusk Center for Real Estate.
Kennedy Wilson Takes $94M Burbank Office Portfolio
April 01, 2008
Kennedy Wilson sponsored funds, KW Property Fund II and KW Property Fund III, in a joint venture, have acquired a portfolio of 3 office buildings, 303 North Glenoaks, 333 North Glenoaks and Burbank Executive Plaza, located in Burbank, Calif. for $94.1 million, it has reported.
Commercial Industrial Real Estate in Los Angeles
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