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Month: November 2024

Hines beats back appeal against 13-story office tower in DTLA

Hines has beat back an appeal trying to block a 13-story office project in Downtown Los Angeles, but the developer may have a harder time beating a market where a third of offices sit empty. The Houston-based company got the nod from ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Southern California has a million homes worth $1M or more

Southern California has grown more expensive, with a million homes valued at $1 million or more. The five-county region has 1.08 million seven-figure homes last year, the Orange County Register reported, citing figures from ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Reubens’ Century Plaza inks deal with Marciano family for Wally’s Wine 

A Los Angeles institution for gourmet food and fine dining backed by denim kingpins Paul and Maurice Marciano has made its way to the Reuben Brothers’ Century Plaza. The $2.5 billion, 6-acre Century City project will see a new concept ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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California Bank & Trust leases 29K sf at AON Center

San Diego-based California Bank & Trust will move its Downtown Los Angeles office to the 62-story AON Center. The bank signed on for 28,603 square feet of offices at Carolwood’s 707 Wilshire Boulevard, according to landlord broker ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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LA rezoning could displace tenants from rent-controlled units

A Los Angeles plan to rezone multifamily housing could put tenants in rent-controlled apartments on the curb. A Citywide Housing Incentive Program ordinance to be heard by the City Council’s Planning and Land Use Management Committee ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Snell & Wilmer to expand office footprint in Costa Mesa 

Snell & Wilmer has expanded its offices in Costa Mesa in the second largest law firm lease in Orange County this year. The Phoenix-based firm leased three floors for 57,300 square feet, expanding its footprint by 8 percent in ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Castle & Cooke scores $140M refi for Corona shopping center

Shopping center owner Castle & Cooke nabbed $140 million in refinancing for its Corona property in yet another bright spot for Inland Empire retail. Deutsche Bank AG provided the loan for the roughly 834,000-square-foot Crossings ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Rents slip as luxury apartments sit vacant in LA County

Rents have slipped across greater Los Angeles with fewer apartment vacancies except the luxury market, where the vacancy has hit 13.1 percent. Rents across Los Angeles County dipped 0.3 percent in the third quarter to $2,232 from the ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Bel-Air spec mansion with Getty views seeks $45M

Residential and commercial development expertise converged to bring a $45 million Bel-Air residence to market this week. The newly built home is on the market from an LLC called ANR BLT Linda Flora, which is a partnership between ANR ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Jamison’s $35M loan for LA office building heads to special servicing

‘Tis the season of delinquency, and not a merry one for Los Angeles office landlord David Lee’s Jamison Properties. A $35.4 million commercial mortgage-backed securities loan tied to Jamison’s 811 Wilshire Boulevard went to special ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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