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Month: March 2018

Beacon Capital lands office campus near LAX

Pacific Concourse at 5220-5245 Pacific Concourse Drive Beacon Capital Partners has acquired a three-building office campus in Del Aire, close to Los Angeles International Airport. The $43 million deal comes about two months after a ...

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  • 23 Mar
  • The Real Deal
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Read all about it: Star-News building in Pasadena lists for $50M

Sean Hashem of Greenbridge The former Pasadena Star News building hit the market, with a $50 million asking price. Beverly Hills-based Greenbridge Investment Partners is seeking to make a hefty profit on the 84,000-square-foot property ...

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  • 23 Mar
  • The Real Deal
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A look at the DOJ’s real estate deals

From the March issue: For years, law enforcement has used “asset forfeiture” to punish criminals and compensate their victims. In the years following Sept. 11, forfeitures skyrocketed as prosecutors sought legal remedies to keep ...

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  • 23 Mar
  • The Real Deal
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Invesco partners with Seritage in former Sears building creative office conversion

A rendering of the Mark 302 at 302 Colorado Street in Santa Monica, with Seritage CEO Benjamin Schall (Credit: Neoscape, Seritage Growth Properties) Seritage Growth Properties is partnering with Invesco Real Estate as it converts the ...

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  • 22 Mar
  • The Real Deal
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Carmel Partners’ massive Cumulus project comes into view

Carmel Partners CEO Ron Zeff (Credit: Carmel Partners) In September 2016, multifamily developer Carmel Partners dropped $111 million for an 11-acre site near the Expo Line’s La Cienega/Jefferson station in the West Adams neighborhood. ...

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  • 22 Mar
  • The Real Deal
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LA looks for ways to help property owners finance seismic retrofits

(Credit: PxHere) For years, Angelenos have heard that the “big one” is coming. But are buildings able to withstand 6.7 or greater magnitude earthquake? And if they are, will the cost of retrofitting them get passed directly to tenants? ...

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  • 22 Mar
  • The Real Deal
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Here are the new sites Beckham group is reportedly eyeing for $200M soccer stadium

David Beckham and rendering of the proposed soccer stadium in Overtown (Credit: Miami Beckham United) The Hialeah Park Casino, a Pepsi distribution center in Doral, the Melreese golf course and a truck depot near Jackson Memorial ...

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  • 22 Mar
  • The Real Deal
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Amazon, ever growing, will lease all of Hackman’s Culver Steps

Culver Steps at 9300 Culver Boulevard (Credit: Hackman Capital Partners) Hackman Capital Partners confirmed on Wednesday that Amazon will lease its entire mixed-use Culver Steps project in Culver City. The deal is for all 75,000 square ...

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  • 22 Mar
  • The Real Deal
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Pacific Union International hires 20 for new Hancock Park office

Bret Parsons, Mark McLaughin and 156 N. Larchmont Pacific Union International is opening up another office and bringing in 20 brokers. The firm will open an outpost in Hancock Park, a month after it set up shop in Highland Park.  The ...

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  • 22 Mar
  • The Real Deal
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For sale by owner: The pitfalls of cutting out the broker

It’s not easy going it alone. Only 8 percent of U.S. home sellers in 2017 didn’t use a broker, according to a survey of 7,866 home buyers released by the National Association of Realtors in October. Homes that were listed last year ...

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  • 22 Mar
  • The Real Deal
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