Month: February 2018

ACCO CEO John Aversano and 888 E Walnut St (Credit: LinkedIn, Loopnet) ACCO Engineered Systems is moving shop from Glendale to Pasadena. The firm paid $112 million to acquire the 235,000-square-foot building at 888 East Walnut Street in Glendale, according to CoStar Group. That’s $15 million less than it traded for in 2007. JP Morgan…

David Santee and David Neithercut Amid a glut in available rental properties, Equity Residential reported a decrease in rental income in New York City — the public company’s only market with a reported decline in the fourth quarter. Equity, one of the largest apartment owners in the U.S., reported an average 0.3 percent decrease in…

Jonathan Gray and the Commerce Business Center (Credit: The Magellan Group) Blackstone Group has been unloading some of its Los Angeles properties in recent years, but in the Commerce suburb, it is a buyer. The New York-based private equity firm paid $42 million to acquire the three-building Commerce Business Center at 5811 – 5833 East…

Early bird tickets are now on sale for The Real Deal’s Westside Spotlight event on March 7!                                    Click here to buy tickets TRD is excited to announce the launch of our new quarterly series of forums and showcases.…

From left: Mitch Roschelle, Jimmy Kuhn, Greta Guggenheim and Scott Rechler at the Times Center (Credit: Will Parker fior The Real Deal) On the morning following President Trump’s State of the Union address, RXR Realty chairman Scott Rechler called the president’s $1.5 trillion infrastructure pitch unrealistic. “It’s not a reality. The trillion-and-a-half dollars isn’t possible,”…