The U.S. office market posted its fourth consecutive quarterly decline in vacancy rates, signaling strong recovery momentum. Vacancy fell to 23.2 percent in the second quarter, dropping 15 basis points from the prior quarter, according ...
A new appraisal slashed the value of Albert Taban and Michael Pashaie’s Pasadena Office Tower by more than half as tenants flee the property. The nine-story tower at 150 South Los Robles Avenue was reappraised at $23 million, a 59 ...
Jamison Properties is offloading a distressed office building in Downtown Los Angeles in the latest sign of the office market’s post-pandemic doldrums. The Koreatown-based company has listed the more than 337,000-square-foot building ...
LVMH Moët Hennessey Louis Vuitton SE, the French luxury conglomerate behind some of fashion’s biggest brands, is selling its only hotel in the U.S. El Encanto, a 90-room luxury hotel in Santa Barbara, is being purchased by a joint ...
The famed Hawthorne Nursery closed its greenhouse doors for good in February, marking the end of a 98-year era in the South Bay city. Now, that site is in the process of becoming a new housing development. Crews are clearing the two ...
A $38 million loan backing the Fitz on Fairfax in West Hollywood is coming due Wednesday, according to Morningstar Credit. The borrower is tied to Santa Monica-based Palisades Capital Partners. Last month the borrower was discussing ...
Toll Brothers is breaking into new territory in Colorado with the help of Gables Residential. Fort Washington, Pennsylvania-based Toll Brothers and Atlanta-based Gables Residential have joined forces to develop Gables Angeline, a ...
In the wake of the federal government’s sweeping office lease terminations in the early days of President Donald Trump’s second term, Los Angeles leads the country in federal office spaces lost to canceled leases. Lease agreements for ...
Average profits for home sellers across the country dipped further in the first quarter, with Los Angeles faring worse than the rest of the nation. National average profit margin on home sales fell to 50 percent in the first quarter, ...
California Gov. Gavin Newsom blasted the Trump administration for carrying out a U.S. Immigration and Customs Enforcement raid in MacArthur Park on Monday just as he and other politicians gathered in Pasadena to talk about the next ...