Madison Capital, PGIM sell revamped San Fran office for $165M
UPDATED, Jan. 14, 7:29 a.m.: Madison Capital and PGIM sold their recently revamped mixed-used building in Downtown San Francisco...
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Matthew Blake
Prologis buys LA Greyhound station for $91M
Prologis has bussed itself into Downtown Los Angeles, paying $91 million to acquire the city’s Greyhound station. The industrial real estate titan bought 361,707 square feet of land from Greyhound Lines Inc., CBRE announced...
Demolish this: Hadid’s embattled spec mansion lists as teardown
UPDATED, Jan. 8, 2021, 3:56 p.m.: Mohamed Hadid’s infamous Bel Air spec mansion is for sale, with proceeds from...
Carmel Partners agrees to $1M fine in connection with Huizar scandal
The real estate developer formerly known as Carmel Partners agreed to pay a $1.2 million fine to avoid prosecution...
LA’s biggest office sales of 2020
Not surprisingly, 2020 was an all-around rough year for the Los Angeles office market. With white-collar workers ordered to stay home during the pandemic, office buildings emptied out, with sales activity plummeting — along...
California spent $850M on inns for homeless
Hotel sales in California fell through the floor in 2020, but a state-run spending spree produced dozens of deals at year’s end. Gov. Gavin Newsom announced last week that the state used money from...
Valley of the Dollars: Square Mile provides $82M loan on Reseda project
Square Mile Capital provided an $82.2 million construction loan to the developers of a planned 250-unit apartment building in Reseda....
The secrets still to come in the FBI’s Jose Huizar investigation
It was the fall of 2017 and Los Angeles City Council Member Jose Huizar needed a word with a...
National Issue
What makes Rappaport run?
“It’s 10:30 at night, and I’m in a restaurant. My phone is ringing, no caller ID. I answer the call. It’s Larry Ellison.” Eighteen years on, Kurt Rappaport said he still recalls exactly how...
With Covid surging, program to house homeless in hotels gets extension
California’s program to temporarily house the homeless in hotels — which had been winding down — is getting extended...