A lender is pursuing a receiver for the Rising Realty Partners-owned One California Plaza, a 1-million square foot office tower downtown, after it defaulted on $300 million commercial mortgage-backed securities debt and landed in ...
New York-based Saks Global, parent company of Saks Fifth Avenue, is one step closer to seeing its mixed-use project in Beverly Hills become a reality. Last Thursday, the Beverly Hills City Planning Commission voted in favor of the ...
A company owned by two New Zealander brothers who built their fortune off toys and consumer products is behind the recent purchase of multiple burned lots in Malibu. Nick and Mat Mowbray, who founded Zuru Group, also own development ...
Two buyers snapped up an 8-acre property with housing, a gas station and a karate studio in Santa Ana. The 210 apartment units and karate studio sold to an unnamed Newport Beach investor, while another bought the gas station, the ...
A Crescent Bay property in Laguna Beach that’s been traded only a handful of times since the 19th century has made its way onto the market. The property at 245 Crescent Bay Drive is listed for just under $20 million after the estate ...
An empty lot near Beverly Hills is headed for redevelopment after selling for eight figures. Sherman Oaks-based multifamily developer BW Brody Affiliated Companies paid an individual investor $24.3 million for 9700-9740 West Pico ...
Onni Group is tweaking its plans for an office development in Hollywood to include housing. The Vancouver-based firm is looking to add a new 14-story building to the historic Howard Hughes Headquarters Building site at 7000 West ...
Two value haircuts and a discounted sale. That’s the news out of a distressed Los Angeles office sector. Let’s start downtown, where it hurts the most. The 21-story Wedbush Center was recently appraised at $60.5 million compared ...
Big titles, turnover and dysfunction. Malibu’s revolving door of key staffers could be cause for concern as the community faces recovery from two massive fires. Former Planning Director Richard Mollica resigned last July, replaced by ...
Beverly Hills could soon arrange for a major financing boost for the $5 billion One Beverly Hills redevelopment in Beverly Hills. The Beverly Hills City Council on Aug. 19 will consider authorizing the issuance of up to $550 million in ...