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Author: The Real Deal

IDC Logistics leases 1.1M sf in LA County, Inland Empire

Another logistics tenant is expanding its footprint in the growing Inland Empire industrial market.  IDC Logistics, a third-party logistics provider based in Southern California, just signed the second-largest industrial lease in the ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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Lender buys The Line Hotel in Koreatown for $68M

The lender of The Line Hotel in Koreatown has bought back the lodging out of foreclosure in a landmark sale for Los Angeles this year.  Corten Real Estate Partners purchased the hotel at 3515 Wilshire Boulevard from RECP Sydell ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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Former Google CEO acquires Spelling Manor for $110M

Spelling Manor, one of L.A.’s largest mansions, can lay claim to a tie for the market’s priciest deal of the year after selling for $110 million on Thursday, The Real Deal has learned. The trade, which was recorded in the MLS, puts 594 ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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Concord Capital grabs five historic apartment buildings across LA for nearly $80M

Concord Capital Partners is growing its multifamily holdings in Los Angeles.  The Beverly Hills-based investment firm paid $79 million to two sellers in separate deals for five historic properties in Hollywood, Koreatown and Westlake, ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Tishman Speyer selling $200M-plus Beverly Hills office building

Tishman Speyer is selling the last in a three-office building portfolio in Beverly Hills for more than $200 million, a source familiar with the matter told The Real Deal. Maple Plaza, at 345 North Maple Drive, was built in 1987 and ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Fisher Phillips grows Los Angeles footprint in city’s latest law firm expansion

The Los Angeles office market continues to attract so-called traditional companies like law firms. Fisher Phillips, an Atlanta-based labor and employment law firm, signed a new lease for 35,744 square feet at 515 South Flower Street in ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Jamison plans another office-to-resi conversion in Koreatown

In the latest instance of adaptive office reuse for housing, a Koreatown office tower is set to be converted into apartments.  Jamison Services is planning to turn a 20-story office building at 3550 Wilshire Boulevard into 495 ...

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  • 30 Jul
  • The Real Deal
  • Uncategorized
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Los Angeles council member urges Newsom to pause SB 9 in Palisades

A Los Angeles City Council member is appealing to Gov. Gavin Newsom to pump the brakes on a plan to build in the Pacific Palisades.  Council member Traci Park has sent Newsom a letter urging the governor to pause the application of ...

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  • 30 Jul
  • The Real Deal
  • Uncategorized
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Los Angeles’ iconic “General Hospital” poised for $120M mixed-use overhaul

The Los Angeles County General Medical Center is set for a $120 million overhaul to turn it into the heart of a new health-oriented community.  County supervisors are poised to approve an initial $3.3 million in funding for Centennial ...

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  • 30 Jul
  • The Real Deal
  • Uncategorized
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ParkTerra, Jen Partners buy Axis office complex in Anaheim for $63M

An office campus in Orange County has traded hands ahead of a potential redevelopment into housing.  ParkTerra and Jen Partners bought the three-building Axis property in Anaheim for $62.5 million, L.A. Business First reported. The ...

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  • 29 Jul
  • The Real Deal
  • Uncategorized
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