Industry News
Irwin Jacobs Commits $50MM to Father Joe’s Villages’ $300MM-Plus Plan to Replace East Village’s Joan Kroc Center With Three Towers
Qualcomm co-founder Irwin Jacobs has pledged $50 million, the largest gift in Father Joe's Villages' 75-year history, to jump-start a plan to tear...
Highland Fairview Maps 293 Condos on 40 Acres in Moreno Valley’s 15,000-Unit Aquabella Plan
A 293-unit condominium subdivision on 40 acres in the first planning area of Moreno Valley's Aquabella Specific Plan went before the city's Planning...
Choice Hotels Shops 302-Key Cambria Pair at LAX and Burbank Airport in $100MM+ Five-Hotel Portfolio
Choice Hotels International is marketing its corporately owned Cambria hotels in El Segundo and Burbank as part of an 829-key, three-state portfolio priced...
Four Affordable Housing Developers Vie for Santa Monica’s City-Owned Bergamot Station Site
Santa Monica has moved into price-and-terms talks with four affordable housing developers competing to ground lease the 5.6-acre Bergamot Station Arts Center, a...
Dutch Flex Operator infinitSpace Lands 32,000 SQFT in DTLA’s Desmond’s Building for U.S. Debut
Amsterdam-based infinitSpace is betting its U.S. entry on a 1924 department store on Broadway, taking four floors of a building that sold at...
71-Unit Westwood Apartment Building on Beverly Glen Sells for $14.2MM
The $14.2 million sale of 1441 S. Beverly Glen Blvd. pushed well past Measure ULA's $10.9 million top-tier threshold, a bracket where Marcus...
Nearly Three-Quarters of BTR Renters Plan Multiyear Stays as Mature Households Choose to Rent
Nearly 8,000 build-to-rent residents surveyed by John Burns Research and Consulting point to longer stays, with mature renters choosing to rent and younger...
Kabani Hotel Group CEO Urges Owners to Tighten Risk Controls as 7% Debt, AI and Insurance Costs Mount
Kabani Hotel Group founder Ahmed Kabani is urging hotel owners to tighten risk controls while markets still feel calm, and his seven-point checklist,...
Lily et Cie Signs 9,000 SQFT Lease at Pacific Design Center’s Red Building in West Hollywood
Vintage designer boutique Lily et Cie has signed an eight-year lease for 8,500 square feet at Cohen Brothers Realty's Red Building, among seven...
Pattern Beauty Leases 8,000 SQFT at Pacific Design Center’s Red Building in West Hollywood
Pattern Beauty, the hair care company founded by Tracee Ellis Ross, has signed a new six-year lease for 7,800 square feet at Cohen...
Pasadena’s Alexandria Extends $5B Credit Line to 2032 as San Diego Sales Feed Debt Paydown
Pasadena-based Alexandria Real Estate Equities pushed its $5 billion revolving credit facility out to 2032 at a lower spread, a refinancing that carries...
Affirmed Housing, MTS Announce Groundbreaking on $116MM, 147-Unit Spring View in La Mesa
Two six-story buildings with studios through three-bedroom apartments for households earning 30 to 60 percent of area median income are rising at the...
