Month: November 2025

LaSalle Partners’ first ever hotel bet was the Montrose.  In late November, Pebblebrook Hotel Trust, which acquired LaSalle Hotel Properties for billions of dollars after battling Blackstone, announced it dumped the 133-key, West Hollywood hotel, with a “trailing 12-month financial performance.” The roughly $44 million trade of the boutique hotel at 900 Hammond Street, near…

There have been enough examples of cities scared straight into getting their housing elements in order. At least the state’s also trying to do its part in boosting California’s affordable housing supply. Gov. Gavin Newsom said Friday six more affordable housing developments will turn surplus, state-owned real estate more productive. Central and inland California will…

AltaSea at the Port of Los Angeles is welcoming an underwater robotics giant to its research and development hub.  Blue Robotics has signed a 10-year, 49,000-square-foot lease to bring its headquarters and production facility to AltaSea’s 35-acre campus, AltaSea announced in a statement. AltaSea, which seeks to provide space to foster research and development for…

The first and largest ground-up creative office campus in Orange County has come under new ownership.  Glendon Capital Management bought a majority stake in the six-year-old Flight at Tustin Legacy campus in Tustin, the Orange County Business Journal reported. The firm was founded in 2013 by a group of former Oaktree Capital executives and is…

Innovation districts anchored by universities are emerging as some of the strongest real estate hubs in California.   Office and retail assets inside these campus-linked clusters are outshining properties in the submarkets in which they’re located, Globe Street reported, citing a new report from JLL. A total of 18 districts across the state tied to major…

Real estate has often sat opposite Rae Chen Huang on key housing issues. Now, as a Los Angeles mayoral hopeful, can the movement organizer and ordained Presbyterian minister bridge the gap with the industry? Since the dues-paying member of the Democratic Socialists of America and Sawtelle resident announced the launch of her campaign earlier this…

TGS Management is teeing up an eyebrow-raising office play in Orange County in the form of a low-density corporate compound in the Irvine Spectrum district.  The Fred Taylor-led quantitative hedge fund filed plans with the City of Irvine for a 207,395-square-foot office building on a 42-acre site north of the I-5 Freeway, the Orange County…

As construction activity revs up in the Pacific Palisades, so too do signed contracts and new listings. The neighborhood held the No. 1 spot among Los Angeles County signed contracts and listings, according to the Eklund Weekly Luxury Report Los Angeles. The priciest home to be added to the county’s for-sale inventory, according to the…

Real estate veteran Stephen Cloobeck, the former CEO of Diamond Resorts, has exited the California gubernatorial race. The Democrat announced the decision on CNN Monday night seated next to longtime friend Rep. Eric Swalwell, whom he endorsed. Cloobeck, a first-time candidate, raked in a staggering $13.6 million in the race, of which he contributed the…

Newport Beach residents are going to get a say in their city’s state-approved housing plan and choose whether to slash the number of homes slated to rise in the ritzy coastal enclave.  The initiative is headed to the November 2026 ballot after former Mayor Marshall “Duffy” Duffield and local organizations collected nearly 9,000 signatures for…