Los Angeles
City Planning Commission Approves Hyatt Regency Century Plaza Hotel Redevelopment
By Alex Girda, Associate Editor The efforts of area homeowners, conservation groups and local officials who have championed the Hyatt Regency Century Plaza Hotel’s redevelopment plan have been rewarded. The Los Angeles City Planning Commission recently approved developer Next Century Associates’ comprehensive proposal to turn the hotel they own into a new focal point for […]
Olympic-Bundy Media Campus Trades Hands for $89 Million
By Alex Girda, Associate Editor The Olympic-Bundy Media Campus has been snapped up by Hudson Pacific Properties, Inc. according to a statement the company released via its official website. The company had hinted at this move earlier this year when … Continue reading →
Kemper’s Lincoln Square Development Moves Forward With Building Permits
By Alex Girda, Associate Editor Bellevue’s Lincoln Square expansion project is set to recapture the attention of local developers and officials as the company heading the project recently applied for building permits. Kemper Development Company already has a visible presence in downtown Bellevue through its Bellevue Collection comprising Bellevue Square and Bellevue Place, as well […]
Kilroy Acquires Yet Another Value-Add Office Property
By Alex Girda, Associate Editor Kilroy Realty Corporation recently expanded its Los Angeles office portfolio with the acquisition of a 22-story office building centrally located in Hollywood. The property stands at 6255 Sunset Boulevard, just off the well-known corner of … Continue reading →
$100 Million Residential Development Slated for Little Tokyo
By Alex Girda, Associate Editor With the acquisition of a 1.74-acre lot in L.A.’s Little Tokyo, Irvine-based developer Sares-Regis is moving ahead with its new residential development. The company intends to build a 240-unit premium multifamily community on the site as soon as possible in order to capitalize on downtown L.A.’s housing needs. Bill Montgomery, […]
San Fernando Valley Apartment Community Awaiting New Owner
By Alex Girda, Associate Editor Marcus & Millichap/Institutional Property Advisors is currently marketing a North Hollywood multifamily property for approximately $30 million. The Marquee Apartments is a residential community in the eastern part of the San Fernando Valley community of North Hollywood, at 12300 Sherman Way. The team that is handling the fee-simple interest in […]
Caruso Launches $32M Mixed-Use Complex in West L.A.
By Alex Girda, Associate Editor Caruso Affiliated has started construction of 8500 Burton Way, a mixed-use development at the corner of Burton Way and La Cienega Boulevard in West Los Angeles. The $32 million project will consist of 88 luxury apartment units, plus a 14,000-square-foot Trader Joe’s and a coffee shop on the ground floor. […]
Toll Brothers Plans High-End Community in Lake Forest
By Alex Girda, Associate Editor As luxury locations go, you can’t go much higher than Orange County, Calif., an area whose wealth has been represented in countless movies and TV shows. The high-end lifestyle here has apparently stimulated the imagination of luxury home builder Toll Brothers, Inc., which has just snapped up the rights to develop Baker Ranch, […]
Kennedy Wilson Snaps Up West Covina M-F Complex for $44M
By Alex Girda, Associate Editor Kennedy Wilson has acquired Torrey Pines, a 251-unit apartment community in West Covina, for $43.7 million. Kevin Hart, president of the firm’s multi-family group, explained that the property’s position as “the newest market-rate apartment community in the city,” combined with a dearth of new product in the pipeline, made it an […]
Agoura Hills Retail, L.A. Office Complex Draw Investors
By Alex Girda, Associate Editor A recently completed Agoura Hills retail complex developed and owned by Adler Realty Investments was recently snapped up by Walnut Creek-based Loja Group for $21.3 million, or $588 per square foot. The transaction was arranged by May Realty Advisors, rentv.com reported. The center’s 36,200 square feet are fully leased. Tenants […]