Month: July 2025

Concord Capital Partners is growing its multifamily holdings in Los Angeles.  The Beverly Hills-based investment firm paid $79 million to two sellers in separate deals for five historic properties in Hollywood, Koreatown and Westlake, Commercial Observer reported. In total, the buildings have 537 units and were all constructed in the 1920s.  In Hollywood, Concord snapped…

Tishman Speyer is selling the last in a three-office building portfolio in Beverly Hills for more than $200 million, a source familiar with the matter told The Real Deal. Maple Plaza, at 345 North Maple Drive, was built in 1987 and spans three stories and nearly 300,000 square feet. The source declined to identify the…

The Los Angeles office market continues to attract so-called traditional companies like law firms. Fisher Phillips, an Atlanta-based labor and employment law firm, signed a new lease for 35,744 square feet at 515 South Flower Street in Downtown Los Angeles, as well as a new 13,624-square-foot lease at 21600 Oxnard Street in Woodland Hills, CoStar…

In the latest instance of adaptive office reuse for housing, a Koreatown office tower is set to be converted into apartments.  Jamison Services is planning to turn a 20-story office building at 3550 Wilshire Boulevard into 495 apartments, Urbanize Los Angeles reported, citing a permit recently issued by the Los Angeles Department of Building and…

A Los Angeles City Council member is appealing to Gov. Gavin Newsom to pump the brakes on a plan to build in the Pacific Palisades.  Council member Traci Park has sent Newsom a letter urging the governor to pause the application of Senate Bill 9 in the Palisades, citing concerns about the law’s approval process…

The Los Angeles County General Medical Center is set for a $120 million overhaul to turn it into the heart of a new health-oriented community.  County supervisors are poised to approve an initial $3.3 million in funding for Centennial Partners’ plans for Boyle Heights hospital, The Los Angeles Times reported. It would be the first…

An office campus in Orange County has traded hands ahead of a potential redevelopment into housing.  ParkTerra and Jen Partners bought the three-building Axis property in Anaheim for $62.5 million, L.A. Business First reported. The campus, spanning nearly 306,700 square feet at 2121-2170 Towne Centre Place, 2190 Towne Centre Place and 2390 Orangewood Avenue, was…

A shut-down hotel near Los Angeles International Airport is set to transform into affordable housing.  The Los Angeles Department of Building and Safety has issued a permit for a proposal to build housing at the former Four Points by Sheraton at 9750 Airport Boulevard, Westside Today reported, citing Urbanize Los Angeles. Kingdom Development and Capital…

Seaview Investors has received a $55 million injection to refinance a hotel in West Los Angeles.  Los Angeles-based Mesa West Capital provided an affiliate of Seaview with the five-year, first-mortgage debt tied to the 186-room Burton House Beverly Hills, according to a press release from the lender. The hotel is just south of the Beverly…

Kilroy Realty sold a Santa Monica office building for $40 million, the company reported in its latest earnings release Monday. The June buyer is Washington Capital Management, property records indicate. The real estate investment trust purchased the seven-story, 73,000-square-foot property at 501 Santa Monica Boulevard for more than $16 million in 1998, the Los Angeles…