Month: November 2025

United Talent Agency isn’t joining in on the Hollywood exodus as film productions flee Southern California in the wake of the pandemic.  UTA has renewed its lease for its 192,000-square-foot headquarters at UTA Plaza in Beverly Hills, Commercial Observer reported. UTA has operated out of the DivcoWest-owned building at 9336-9346 Civic Center Drive since 2011;…

Orange County notched a win for Santa Ana’s office leasing market. The County of Orange will double its space at Drawbridge Realty’s three-story office building at 1700 East Saint Andrew Place with a recent expansion, Commercial Observer reported.  The county will add  99,600 square feet to its space, leasing the full 170,200-square-foot building through 2042.…

Link Logistics Real Estate’s proposed office complex redevelopment in Culver City got the green light from city planners.  The Culver City Planning Commission approved Link Logistics’ proposal to turn an office park in the Fox Hills neighborhood into a mixed-use development with more than 1,000 housing units across 8.3 acres, Urbanize Los Angeles reported.  The…

The J.J. Abrams’ Bad Robot building mystery buyer is Teddy Schwarzman’s Black Bear, a person familiar told The Real Deal.  The independent studio founded and run by Schwarzman, whose father is Stephen Schwarzman, billionaire chairman and CEO of Blackstone, purchased the brick building for about $31 million, as The Real Deal previously reported. Black Bear…

The stars came out to buy the historic Village Theatre in Westwood Village, and American Cinematheque expects the renovated theater to be rolling by 2027.  The L.A. nonprofit is the programming partner for the Village Directors Circle, the group of more than 30 high-profile filmmakers that acquired the Los Angeles landmark last year for $15.5…

Fountain Valley is charging forward with one of its largest housing proposals in years.  City officials signed off on the affordable housing component agreement for the Euclid + Heil residential project from Bill Shopoff’s Shopoff Realty Investments, acting through the entity Euclid & Heil FV Owner, Voice of OC reported. The proposal calls for building…

A distressed Brookfield-owned downtown office tower is on the market, according to an Eastdil Secured offering memorandum viewed by The Real Deal.  The materials do not include an asking price, only an offering to purchase the mortgage loan connected to 333 South Grand Avenue, which includes the office building, called the Wells Fargo Center —…

Ares Management Corporation has offloaded an industrial facility in the San Gabriel Valley four years after purchasing the property with hardly any price appreciation. The Los Angeles-based investment firm sold a 173,100-square-foot building at 5102 Industry Avenue in Pico Rivera for $63.8 million, Commercial Search reported. Robertson Properties Group bought the property for approximately $368…

A Billionaire’s Row home in the Hollywood Hills led the pack among signed contracts in L.A. last week. The Bird Streets residence, at 1457 Blue Jay Way, priced at just under $16 million, or $1,632 per square foot, topped a weekly signed contracts roundup by Marcy Roth of Douglas Elliman’s Eklund Gomes team. Christie’s International…

William “Bill” Witte is stepping back from day-to-day duties at Related California, where the other shoes are now set to drop on Jan. 1. Yes, shoes — plural — based on the math laid out behind yesterday’s news that Witte will exit his role as CEO and take the position of chairman emeritus. Stepping up…