Month: February 2026

Karen Bass may not be the sea change some in real estate may have hoped for at City Hall, but at least a few are fine with more of the same considering the options of those running against the incumbent for mayor. It’s an early read given the latest campaign contribution reports aren’t yet in,…

Surf’s up in SoCal — in some places, quite literally.  Some parts of California’s coastline are shrinking, while other parts of the state’s coast are growing, the Los Angeles Daily News reported, citing a study by the University of California, Irvine and the United States Geological Survey.  The state has added roughly 500 acres of…

One California Plaza inked a lease for about 26,000 square feet with law firm Gordon Rees, The Real Deal has learned. Plus, it renewed another lease — Citigroup’s.  That’s a positive sign for the massive office tower plagued by vacancies and distress.  The earlier exit of another law firm delivered a major blow to the…

Another golf course in the Los Angeles area is headed for redevelopment.  The Azusa City Council approved plans from Overton Moore Properties to redevelop part of the Azusa Greens Golf Course into a senior housing complex, Urbanize Los Angeles reported.  Overton Moore’s Azusa Greens project, to take shape at 919 Sierra Madre Avenue in Azusa,…

Private credit firm Blue Owl Capital landed a $185 million loan tied to nearly two dozen retail properties in the Bay Area.  The New York-based firm secured the loan from French corporate and investment bank Natixis backed by 21 retail locations across the region, the Silicon Valley Business Journal reported.  Blue Owl has been selling…

Coldwell Banker Realty’s Jade Mills and Joyce Rey nabbed another pricey Bird Streets listing that’s among Los Angeles’s most expensive homes on the market. The duo is marketing the Paul McClean-designed home at 9016 Thrasher Avenue for $82 million, nearly $5,395 per square foot. It’s the eighth priciest on-market listing in the city and the…

MDH Partners is adding an industrial property in the Inland Empire to its nationwide holdings.  The Atlanta-based firm acquired 13880 Monte Vista Avenue in Chino for $105 million, or  roughly $256 per square foot for the 410,000-square-foot property. Commercial Observer reported. A Nuveen affiliate sold the warehouse to MDH.  The warehouse traded hands as part…

Developer Mike Harrah of Caribou Industries is pivoting to residential for his One Broadway Plaza project in downtown Santa Ana.  Harrah wants to change course on the delayed 37-story mixed-use development in downtown Santa Ana and instead build 602 market-rate apartments, the Orange County Business Journal reported.  The shift reflects a market reshaped by remote…

Hudson Pacific Properties is trying to stop the bleeding after another nine-figure annual loss and coming up more than half a billion dollars short last year. Victor Coleman’s real estate investment trust reported a loss of about $278 million in the fourth quarter, compared to $167 million a year earlier.  That put its losses at…

Erewhon is inching closer to selling its pricey smoothies in downtown Los Angeles.  The upscale grocery chain has filed plans to transform a vacant commercial building at 940 South Hill Street into its latest location in the city, Urbanize Los Angeles reported. Erewhon acquired the building through an affiliate last summer for $13.5 million.  Erewhon…