Los Angeles
Hudson Pacific’s Hollywood Studio Slump Keeps Common Dividend Suspended Into a Second Year
The Los Angeles-based office and studio landlord has withheld its common dividend since September 2024, and the slump in demand at its Hollywood...
Essex Sells 101-Unit Promenade in Marina del Rey for $24.8MM, Below Its 2004 Purchase Price
Essex Property Trust sold the leasehold on The Promenade, a 101-unit Marina del Rey waterfront community, for $24.8 million to Coastline Real Estate...
93-Key Holiday Inn Express in Pasadena Hits Market at $21.98MM as Tri-Lin Holdings Calls for Offers
The recently renovated, IHG-flagged Holiday Inn Express & Suites at 3500 East Colorado Boulevard has been placed on the market with a September...
V on Victory, 68-Unit Van Nuys Apartment Community, Listed for $22.9MM
A 68-unit, 2022-vintage apartment community in the Valley Glen pocket of Van Nuys has hit the market at $22.9 million, offering investors a...
Alghanim’s 42,000 SQFT Crown Bel Air Portfolio Draws $54.4MM Auction Bid, Tops LA County Luxury Contracts
A nine-parcel Bel Air and Hollywood Hills assemblage that Kuwaiti billionaire Bassam Alghanim spent more than four decades building has landed under contract...
GR Properties USA Lands $62MM Dwight Bridge Loan to Recapitalize 139-Unit Lana Apartments in Culver City
GR Properties USA, the U.S. arm of Hong Kong developer Guo Rui Group, has secured a $62 million bridge loan from Dwight Investment...
Lowe and JC Resorts Land Barings Financing for 582-Key Terranea Resort in Rancho Palos Verdes
The joint venture behind Terranea Resort has secured fresh capital on one of California's most coveted hotel assets, tapping Barings for a five-year...
Fortress Seizes 182,000 SQFT Former Sony Animation Campus in Culver City With $71MM Credit Bid as City Weighs a Deal
Fortress Investment Group, which quietly bought the campus's Goldman Sachs–originated note three years ago, has taken ownership of the long-vacant 9050 Washington Boulevard...
Ian Schrager’s 137-Key PUBLIC Hotel West Hollywood Lands $116.5MM Refi on the Sunset Strip
A Cushman & Wakefield team has arranged $116.5 million in bridge financing for hoteliers Ian Schrager and Ed Scheetz, retiring the 2024 acquisition...
LA Commits $150K to Study Hotel Incentives at Oceanwide Plaza as KPC, Lendlease Plan $800MM Revival
The Los Angeles City Council authorized a $150,000 consultant study to weigh public incentives for the long-stalled Oceanwide Plaza, where new owners KPC...
The RealReal to Open Fourth Southern California Store on Glendale’s Brand Boulevard
The online luxury resale platform is planting a fourth Southern California flag on Glendale's Brand Boulevard, wagering that a physical consignment and shopping...
Arixa Capital Tops $9B in Originations, Expands Homebuilder Lending with Sawitzke Hire
The Los Angeles-based private lender crossed the $9 billion origination threshold less than three months after hitting $8 billion, and is channeling the...
