Los Angeles
Los Angeles’ South Bay Galleria to Get Mixed-Use Makeover
QIC Global Real Estate has formed a partnership with L Catterton Real Estate for the redevelopment of the 960,000-square-foot Redondo Beach property into a 30-acre destination.
Grayson Power Plant Turns to Cleaner Alternatives
The new plan includes a 75 MW, 300MWh battery energy storage system, up to 50 megawatts of distributed solar projects and 93 MW of thermal generation.
CommonGrounds Opens Burbank Coworking Building
The company’s second location in metro Los Angeles includes private offices, team rooms, video-enabled conference rooms and an outdoor patio.
LA-Area Office Asset Sells for $51M
A New York-based company acquired the two-building property and is set to renovate it for media, tech and entertainment tenants.
OneLegacy Buys LA-Area HQ
The buyer intends to move to the nearly 100,000-square-foot asset from its downtown Los Angeles location, with plans to add a recovery center and conference center.
EQ Office Completes $32M Renovation of LA Campus
The Blackstone affiliate has transformed Playa District into a 1.4 million-square-foot property emphasizing lifestyle and wellness experiences.
Onni Group Lands $550M Loan for Miracle Mile Asset in LA
The Canada-based company bought 5700 and 5750 Wilshire Blvd., also known as Wilshire Courtyard, from Tishman Speyer for $630 million.
Kilroy Realty Receives $18M for Office Asset
Majestic Asset Management is the new owner of the roughly 84,000-square-foot, three-story building in Thousand Oaks, Calif., which underwent major renovations in 2011.
SoCal Hotel Lands $44M Construction Loan
Acres Capital Corp. will use the financing to complete and stabilize a 233-key property in Arcadia, Calif. Le Meridien by Marriott International is set to be a four-star property.
Meridian Welcomes Largest Tenant at Cotton Medical Center
Colliers International worked on behalf of the new tenant, private healthcare provider WelbeHealth, in signing a lease to occupy 14,200 square feet at the property.