Los Angeles
Optimus Properties Sells 15,000 SQFT Fire-Cleared Palisades Development Site for $7.1MM
A vacant lot that once held office and retail space in Pacific Palisades has traded hands for $7.1 million, setting a new price...
Majestic Realty Buys Rivian-Leased 57,000 SQFT El Segundo R&D Facility for $27.25MM
Majestic Realty has acquired a fully leased, mission-critical research and development facility in El Segundo occupied by electric-vehicle maker Rivian, handing seller Hackman...
GSA- and IRS-Anchored 155,000 SQFT Camarillo Office Portfolio Hits the Market in Ventura County
A two-building, 155,287-square-foot office portfolio in the heart of Camarillo, anchored by federal tenants including the General Services Administration and the Internal Revenue...
Aerospace and Defense Tenants Power South Bay Industrial Boom, Cutting LA Vacancy to 3.9%
Newmark's second-quarter report shows aerospace and defense manufacturers absorbing hundreds of thousands of square feet across El Segundo, Torrance and Long Beach, pushing...
Irvine Leads Southern California in Apartment-Size Gains as Los Angeles Floor Plans Shrink
Irvine recorded one of the largest increases in apartment size of any city in the country over the past decade, widening the gulf...
Bascom Group Closes $8.5MM Refinancing on 133-Unit Charleston Apartments in LA’s Westlake District
The Bascom Group refinanced a century-old, 133-unit micro-studio building on the edge of Downtown Los Angeles, locking in fresh debt on a naturally...
Santa Monica Pours $56MM Into Big Blue Bus Depot, Wiring 130 Fast Chargers for a 195-Bus Electric Fleet
Santa Monica has broken ground on a $56 million retrofit of its Big Blue Bus campus, installing 130 DC fast-charging ports and a...
Yusen Terminals Secures 30-Year Lease Extension on 232-Acre Port of Los Angeles Terminal, Commits $200MM to Zero-Emission Equipment
The Los Angeles Board of Harbor Commissioners has locked in one of its largest container tenants through 2056, tying Yusen Terminals to steeper...
Jade Enterprises’ 100,000 SQFT Sawtelle Office Building Faces Foreclosure After $33MM CMBS Default in West LA
A commercial mortgage-backed securities trust has moved to force the sale of Jade Enterprises' three-story red-brick office building at 1950 Sawtelle Boulevard, recording...
California Jobs First Steers $48.5MM to Aerospace, Defense and Quantum Across Southern California
Governor Gavin Newsom and the California Jobs First Council awarded $48.5 million to 18 projects statewide, with Southern California's aerospace, defense, quantum and...
C.A.R.-Backed Nonprofit Sues San Diego and Montebello Over SB 79 Transit Housing Limits
A California Association of Realtors-backed nonprofit has sued San Diego and Montebello, alleging both cities illegally blocked housing that a new state law...
Pustilnikov, Hope the Mission File Plans to Renovate Two Former Skid Row Housing Trust Hotels in Downtown LA
A partnership led by developer Leo Pustilnikov has filed its first redevelopment applications for the distressed Skid Row Housing Trust portfolio it acquired...
