Month: June 2026

Another retail complex in Southern California has landed a refinancing package as the sector appears poised for a return to normalcy.  Rosemead Place, a 336,718-square-foot shopping center at 3506-3864 Rosemead Boulevard in Rosemead, received $46 million in fixed-rate, interest-only permanent financing from Wells Fargo, Commercial Observer reported.  The property is owned by MPM Partners, led…

Bastion Development is moving forward with new plans for a mixed-use project on the border between Los Angeles’ Mar Vista and Culver City.  The Vancouver-based firm submitted a new application with the City of Los Angeles that revises its plans for the northern portion of the site at 3984 South Meier Street, a parcel that…

Dakota Johnson didn’t have to wait long to find a buyer for her longtime Los Angeles home. The “Fifty Shades of Grey” star sold her Hollywood Hills home for just above $5.92 million, only days after listing it late last month for $5.95 million, nearly doubling the roughly $3.6 million she paid for the property…

The colossal CIM Group could become a publicly traded company, though it will take several years to know. The Los Angeles-based real estate firm is combining its assets and investments with its public, nontraded real estate investment trust, Bisnow reported. The firm has already taken a 67.5 percent share of the entity, CIM Real Estate…

The Reuben brothers have taken over Witkoff’s WeHo hotel on Sunset Strip. An entity connected to Steve Witkoff — founder of Witkoff Group in New York, and President Donald Trump’s Middle East special envoy — handed the Edition hotel over to an affiliate of an investment vehicle, Motcomb Estates, used by Simon and David Reuben.…

Less than a week after a statewide ballot measure which would have eliminated Measure ULA was slashed, the Los Angeles City Council might be taking its own electoral path to making changes to the so-called mansion tax. On Wednesday, the council will vote on whether to adopt a ballot measure for the Nov. 3 election…

Pat Boone is selling his Beverly Hills estate at a price much higher than “For a Penny.”  The 92-year-old singer has listed his longtime home at 904 North Beverly Drive for just shy of $23 million, Mansion Global reported. Boone and his late wife Shirley, who died in 2019 at age 84, bought the property…

Apartment occupancy in Los Angeles County has fallen to a level not seen in several years.  In the first quarter, multifamily occupancy dropped to 93.9 percent, L.A. Business First reported, citing a quarterly market report from Colliers. The rate has not fallen below 95 percent in years, Colliers Vice Chair Kitty Wallace told the publication.…

Invesco and SteelWave are searching for a buyer for a Costa Mesa office and research campus occupied by defense firm Anduril Industries.  The owners have listed the 634,000-square-foot complex for sale, Bloomberg reported. An asking price was not disclosed, but the property’s value is estimated to be around $400 million based on a $251 million…

The real estate arm of Kayne Anderson is set to be sold in a deal that values the investment platform at well more than $1 billion. Bridgepoint Group announced the acquisition of Kayne Anderson Real Estate on Monday morning. The deal grants KARE an enterprise value of nearly $1.4 billion. As part of the acquisition,…