Category: Uncategorized

Habitat for Humanity of Greater Los Angeles is eyeing a vacant lot in South Gate for redevelopment into affordable, for sale-housing.  The empty property at 9019 Long Beach Boulevard is poised for construction of 14 three-story townhomes, Urbanize Los Angeles reported. The homes would range between 1,000 and 1,372 square feet, and each would have…

PricewaterhouseCoopers is leaving downtown and heading to Century City, The Real Deal has learned.  The accounting giant currently occupies around 100,000-square feet at 601 South Figueroa, a million-square foot office tower owned by Uncommon Developers located in the Financial District. Now, it has inked a deal for even more space at Irvine Company’s 2121 Avenue…

Invesco has secured a tenant for an Inland Empire industrial property with a new lease worth more than $40 million.  An unnamed auto parts distributor signed a lease worth about $42 million for Invesco’s Class A distribution facility at 16380 Euclid Avenue in Chino, L.A. Business First reported. The property totals 522,270 square square feet. …

An Ohio-based real estate investment trust sold an outdoor retail property in Long Beach to two locally based real estate firms.  Redwood West and Panattoni acquired The Pike Outlets at 95 South Pine Avenue for $50 million, L.A. Business First reported. Ohio-based Site Centers Corporation sold its ground leasehold and other interests in the nearly…

Reforming or repealing Measure ULA has dominated conversation in the real estate industry for the past three years, with a litany of complaints including that the property-transfer tax imposed across the board in the City of Los Angeles has put a damper on luxury residential sales and frozen multifamily development. The latest turn saw the…

On the last day of your hopefully fun holiday weekend, we’ve got news on Los Angeles leases, special-serviced debt and real estate tussles. Enjoy. Let’s start downtown, where Paul Hastings wants to sublet its space at City National Plaza, a twin-tower complex in the Financial District, according to a brochure viewed by The Real Deal. …

The Southern California luxury residential market wasn’t playing around this week.  A new build in Corona del Mar sold at an all-time price record for the relatively old-money enclave of Newport Beach, securing $48.5 million, or $4,171 per square foot. The 11,600-square-foot mansion at 3512 Ocean Boulevard first hit the market in February for just…

A developer is downsizing its proposed multifamily development in Glendale more than two years after the plans first surfaced.  A new application filed with the City of Glendale outlines new plans from 550 Riverdale LLC, the owner of the development site at 2748 San Fernando Road in the city’s Pacific-Edison neighborhood, Urbanize Los Angeles reported.…

Dennis Quaid is making his break from California official with the listing of his longtime Brentwood home after relocating full time to Tennessee. “The Parent Trap” star has listed his 4,100-square-foot manse at 2536 Pesquera Drive in Brentwood Hills for $5.2 million, Realtor.com reported. The actor put the five-bedroom, five-and-a-half-bathroom home on the market nearly…

Jamison and Kennedy Wilson’s plans for the affordable housing conversion of the former World Trade Center complex in downtown Los Angeles are coming into focus. On Monday, the locally based firms unveiled details around their proposal to convert the former offices at 350 South Figueroa Street into Sky Castle, a 512-unit affordable apartment project that…