Month: November 2025

A vacant shopping center in Long Beach is one step closer to multifamily redevelopment.  Texas-based developer JPI locked down an $88.4 million construction financing package for the site from Tokyo Tatemono U.S. and BMO Bank, Commercial Observer reported.  JPI, which was purchased by Sumitomo Forestry America a few years ago, plans to redevelop part of…

A home on John Muir Road in the celebrity-stocked San Fernando Valley municipality of Hidden Hills scored the No. 1 spot on the priciest single-family sales list there for roughly the first three quarters, according to Los Angeles County tax assessor data. The 10,874-square-foot house at 6080 John Muir Road sold for $21.4 million, or…

Now that most Dodgers critics are done (sort of) blowing a fuse and claiming the team paid for its World Series win, some interesting food for thought has emerged with the start of the offseason. A caller into television broadcaster Brodie Brazil’s YouTube show wondered whether a mixed-use entertainment complex around Dodger Stadium would ever…

Realty Bancorp Equities managing member and principal owner Norman Kravetz no longer appears on the company website. It’s unclear why. It could be related to a distressed office portfolio that has made headlines recently. But there is some good news to share: the landlord landed a tenant.  Ecrypt announced it inked a long-term, off-market lease…

Bridge Logistics Properties is continuing its Southern California shopping spree with one of the biggest single-asset industrial deals in the region this year.  Its Bridge Investment Group industrial entity bought a 1.1 million-square-foot warehouse at 10681 Production Avenue in Fontana for $174 million, Commercial Observer reported. The price works out to $158 per square foot.…

A three-building office portfolio in the Gateway Cities just sold for upwards of $35 million.  Nome Capital Partners purchased the 328,800-square-foot Cerritos Towne Center offices for $35.6 million, L.A. Business First reported. The price works out to $108 per square foot. The seller was Ryan Baker of Verax Business Group, the receiver on the mixed-use…

Tiffany & Co. is gearing up for a major glow-up on Rodeo Drive, securing city approval to swap a dormant five-story building with a sleek new flagship. The Beverly Hills Planning Commission on Thursday approved plans from Bernard Arnault’s luxury conglomerate, LVMH Moët Hennessy Louis Vuitton SE, for a new Tiffany & Co. flagship at…

The Los Angeles City Council is cutting back on rent increases for rent-stabilized apartments.  On Wednesday, the City Council voted 12–2 to approve changes to the city’s Rent Stabilization Ordinance that affects about 624,000 residential units built on or before Oct. 1, 1978, Commercial Observer reported. The changes for the year from July 1, 2025…

Reyes Coca-Cola Bottling has officially begun construction work on the grand renovation of the historic Coca-Cola building in downtown Los Angeles.  The $47.5 million endeavor to bring the aging structure at 1334 South Central Avenue into the 21st century kicked off last week, the Architects Newspaper reported. Reyes Coca-Coca Bottling plans to revamp both the…

An all-affordable senior housing complex in Beverly Hills is a step closer to becoming reality. The City of Beverly Hills voted Wednesday to enter into a one-year exclusive negotiation agreement with nonprofit developer West Hollywood Community Housing Corporation regarding a ground lease at 327-335 South Robertson Boulevard. “Our hope is to execute a long-term ground…