Category: Uncategorized

BKM Capital Partners added another deal to its trail of recent industrial acquisitions, dropping $95 million on an 11-building campus.  The Newport Beach-based investor purchased the Carson Industrial Center at 1000-1124 East Del Amo Boulevard, LA Business First reported. The seller was German asset manager DWS Group.  The deal for the 429,000-square-foot campus works out…

Los Angeles housing officials debunked claims by outgoing City Attorney Hydee Feldstein Soto that a nonprofit legal aid provider fell short of reporting requirements under a taxpayer-funded contract aimed at preventing evictions. The conflict centers on $177 million in city-approved funding that hasn’t been finalized because Feldstein Soto declined to sign off on a long-term…

The year’s priciest office sale in all of Los Angeles happened downtown, and still, it only came out to about $150 per square foot. Considering the pre-pandemic normal was about $450, there’s little room to doubt the market is suffering. But there is still a pulse. The deal was for Bank of America Plaza, an…

Los Angeles’ polarizing Measure ULA transfer tax could see a reduction by nearly 75 percent if a new state bill gets approval from both chambers and the governor’s signature.  On Monday, the California State Senate shared its version of Assembly Bill 736, a new piece of legislation that would impose a 1.5 percent transfer tax…

Oakley founder James Jannard has traded his Trousdale Estates home. The property at 410 Trousdale Place sold for $46.95 million in a deal closed Thursday, The Real Deal has learned. The home, which features a contemporary brutalist facade in grey concrete, was last asking $59.5 million, according to an online listing.  The billionaire scion behind…

A local developer wants to squeeze 20 homes and granny flats into a vacant lot in Reseda. Leo Polosadjian filed plans to subdivide the two-thirds-acre rectangular property into five lots to build the homes at 19448 Saticoy Street, Urbanize Los Angeles reported, citing city planning records. Plans call for each lot to contain a single-family…

Kingsbarn Realty Capital & Development and the Kelemen Company are poised to bulldoze seven vacant office buildings in Laguna Hills to build nearly 500 homes. The respective Las Vegas- and Irvine-based developers announced approvals early this year to construct 480 townhomes and apartments on 18.5 acres at two adjacent office complexes between 23282 and 23422…

A home in Corona del Mar with views of Newport Harbor that was listed two years ago for $32.9 million has traded for just over half that price at $17.8 million. After months of negotiations, the nearly 6,800-square-foot house was sold at 1409 Dolphin Terrace, in the Irvine Terrace neighborhood, the Orange County Business Journal…

An Italian Renaissance villa in Rancho Palos Verdes’ Trump-branded community crowned the list of luxury residential contracts signed in Los Angeles County last week. The 10,987-square-foot manse at 32040 Cape Point Drive in The Estates at Trump National is under contract after asking nearly $18.9 million, based on a report compiled by Marcy Roth of…

Coworking offices are booming across Los Angeles. The Los Angeles region added 1.4 million square feet of coworking offices last year, 16 percent more than in 2024, L.A. Business First reported, citing a study by WeWork. The jump in shared, flexible offices marked the nation’s third-largest gain, behind New York and Dallas-Fort Worth. The WeWork…