Month: August 2025

A New York-based activist investor and hedge fund operator is making a major play for Los Angeles-based real estate investment trust Rexford Industrial Realty.  Elliott Investment Management has built an active stake in Rexford Industrial Realty, Bloomberg reported, citing sources close to the matter. In doing so, the hedge fund becomes one of the top…

A nearly 75-year-old mall is headed for redevelopment after being sold to new owners.  Retail landlord Macerich has sold the 2 million-square-foot Lakewood Center mall for $332.1 million to a joint venture of three developers and investors, CoStar reported. The move could end up transforming the nearly 150-acre property into a mixed-use development that would…

The U.S. Army Corps of Engineers’ wildfire cleanup efforts are nearly complete almost eight months after the deadly blazes.  The Army Corps is preparing to clear debris from the last residential parcel that opted into the federal cleanup endeavor, the Los Angeles Times reported. The cleanup conclusion comes roughly four months earlier than the Army…

Pintar Investment Company is under contract to buy Laguna Design Center.  The San Juan Capistrano-based real estate investment firm moved to purchase the 40-year-old Laguna Niguel shopping mall earlier this month, the Orange County Business Journal reported. The building is currently owned by Dallas-based Dunhill Partners. Terms of the deal were not disclosed.  The successful…

One California Plaza was placed in receivership after Rising Realty Partners and DigitalBridge defaulted on $300 million in commercial mortgage-backed securities debt that has since been reclassified to foreclosure.   A lender requested a receiver be appointed to take possession of the 1 million-square-foot, 42-story office tower downtown, and a judge agreed. The court-appointed receiver, Trigild,…

JoAnn Fabrics and Crafts’ demise left retail buildings across the country ripe for redevelopment. The city of Glendale has taken notice.  The city bought the vacant 33,800-square-foot former JoAnn location at 1000 South Central Avenue from Aria Investments for $24 million, L.A. Business First reported.  Rather than converting it to offices or housing, the city…

Catellus Development and Deca are looking to turn a petroleum refinery near Long Beach into a modern industrial hub with restaurants and retail. The developers have proposed replacing 406 acres of oil-refining operations and another 228-acre refinery site into millions of square feet of industrial space with grocers, restaurants, sports facilities and greenways available to…

Maybe it was the heat wave. Signed contracts last week in L.A. County fell 44 percent from a year ago to $86.7 million in asking volume, in what some in the industry are calling August’s typical summer cool down. Fourteen properties went into contract last week, which is four fewer than the comparable period in…

How much did Waterton pay for the Warner Center? It shelled out $167.4 million for the Woodland Hills apartment complex, property records reveal. Waterton purchased the 522 apartments from AMLI Residential last month, but a price was not disclosed.  AMLI Residential developed the property almost two decades ago. The complex at 21200 Kittridge Street is…

Thrive Living’s affordable housing development in East Hollywood is moving forward with the help of a $65 million construction loan.  The Los Angeles-based developer, an affiliate of New York-based Magnum Real Estate Group, secured the loan from J.P. Morgan for a seven-story building at 1141 North Vermont Avenue, Urbanize Los Angeles reported.  The development will…