One California Plaza was placed in receivership after Rising Realty Partners and DigitalBridge defaulted on $300 million in commercial mortgage-backed securities debt that has since been reclassified to foreclosure. A lender ...
JoAnn Fabrics and Crafts’ demise left retail buildings across the country ripe for redevelopment. The city of Glendale has taken notice. The city bought the vacant 33,800-square-foot former JoAnn location at 1000 South Central Avenue ...
Catellus Development and Deca are looking to turn a petroleum refinery near Long Beach into a modern industrial hub with restaurants and retail. The developers have proposed replacing 406 acres of oil-refining operations and another ...
Maybe it was the heat wave. Signed contracts last week in L.A. County fell 44 percent from a year ago to $86.7 million in asking volume, in what some in the industry are calling August’s typical summer cool down. Fourteen properties ...
How much did Waterton pay for the Warner Center? It shelled out $167.4 million for the Woodland Hills apartment complex, property records reveal. Waterton purchased the 522 apartments from AMLI Residential last month, but a price was ...
Thrive Living’s affordable housing development in East Hollywood is moving forward with the help of a $65 million construction loan. The Los Angeles-based developer, an affiliate of New York-based Magnum Real Estate Group, secured the ...
Meta Housing Corporation sold another senior housing development in the Los Angeles area. The local affordable-housing developer sold the 141-unit Burbank Senior Artists’ Colony complex for $31.5 million, the Los Angeles Times ...
The biggest single-family deal in Santa Monica by price so far this year is the $14.6 million sale of 628 25th Street, according to Los Angeles County tax assessor records through June 23. It’s a record for new construction in the ...
Carolwood’s deal to purchase EY Plaza for $130 million fell through. The office tower is coming back to market, a source familiar told The Real Deal. Servicer commentary indicated it was “unable to negotiate acceptable documentation ...
It’s time to start using the B-word in L.A. That is, it’s a buyer’s market. After months of hemming and hawing and getting mixed answers depending on if someone is speaking on or off the record, those who have no problem telling it ...