Los Angeles

By Alex Girda, Associate Editor
In a $23 million deal, Milan Capital Management has acquired Santa Fe Springs Promenade from F.J. Hanshaw properties, rentv.com reports. Built out over three decades, the 115,000-square-foot retail center was 90 percent occupied when the transaction […]

By Alex Girda, Associate Editor
Normandy Real Estate Partners has recapitalized the home of NBCUniversal to the tune of $355 million, the company disclosed Jan 17. Through a joint venture with Morgan Stanley Real Estate Investing, Normandy struck a deal to […]

By Alex Girda, Associate Editor
Even in the face of a downturn, some trends remain ever-present in the Los Angeles residential market. Take the demand for high-end condominium and detached residential properties. As the annual Swanepoel Trends Report notes, the luxury […]

By Alex Girda, Associate Editor
A noted Beverly Hills office property recently changed hands when CIM Group purchased the former headquarters of the William Morris talent agency from New York-based investment firm Brickman for $47.8 million, according to the Hollywood Reporter. […]

By Alex Girda, Associate Editor
Houston-based investment management firm Lionstone Group has expanded its footprint in the Los Angeles office market recently with the $90 million acquisition of five new-wave properties in the oceanside community of Santa Monica, Calif.
 The “creative office buildings”, […]

By Alex Girda, Associate Editor
CIM Group, a specialist in investing in and developing urban properties, has sold its Hollywood Boulevard headquarters to Hudson Pacific Properties Inc. Hudson Pacific bought the 12-story office building at 6922 Hollywood Boulevard for $92.5 million, the Los Angeles […]

By Alex Girda, Associate Editor
All is fair in love and development, or at least this seems to be suggested by an open conflict between two student housing development companies active in the Los Angeles area. Conquest Student Housing stands as […]

By Alex Girda, Associate Editor
Talk about a paradox. While California’s number of home sales is rising, the median value of those transactions has been falling, according to DataQuick.
In a trend that has continued for 13 months, the value of the average […]

By Alex Girda, Associate Editor
Home prices going down seems to have an ironic effect on the market. Prices have gotten to a point where interest rates have decreased and the percentage of Californian residents who can afford homes has now […]