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National Association of Realtors
CommercialFinanceIndustry NewsLos Angeles

DivcoWest Sells 542,000 SQFT Glendale Plaza to Sunny Hills for $70MM at 61% Discount

San Francisco-based DivcoWest sold the 24-story Glendale Plaza office tower to an entity tied to West Covina's Sunny Hills Management Co. for roughly...

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CommercialFinanceIndustry NewsLos Angeles

Hackman Loses Culver City’s 182,000 SQFT Former Sony Animation Campus to Fortress in $71MM Foreclosure

Fortress Investment Group emerged as the new owner of the vacant, three-building Art Deco office complex at 9050 Washington Boulevard after credit-bidding roughly...

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FinanceIndustry NewsLos AngelesResidential

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...

Culver City skyline
CommercialFinanceIndustry NewsLeasingLos Angeles

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...

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CommercialFeaturedIndustry NewsLeasingLos Angeles

Los Angeles Office Occupancy Slides to 46.5% as National Attendance Holds Flat

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Culver City skyline
CommercialFinanceIndustry NewsLeasingLos Angeles

Hackman Capital Defaults on $100MM Loan, Sending 182,000 SQFT Former Sony Animation Campus to Auction in Culver City

Hackman Capital Partners' surrender of its long-vacant Culver City creative-office trophy to a Goldman Sachs-backed lender deepens a year of distress that has...

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CommercialFeaturedIndustry NewsLeasingLos Angeles

TikTok Mandates Five-Day Office Return for US Staff, a Test for Culver City

TikTok's decision to end hybrid schedules for most of its U.S. workforce beginning in September lands squarely on Culver City, where the video...

Los Angeles skyline
CommercialEntertainmentIndustry NewsLeasingLos Angeles

Hudson Pacific Doubles Down on West LA as Hollywood Stages Hold at 96% and Quixote Losses Narrow

Hudson Pacific Properties is concentrating its Los Angeles leasing push on a recovering West Los Angeles market while its Quixote studio restructuring narrows...

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CommercialFeaturedFinanceIndustry NewsLeasingLos AngelesSan Diego

Universal Music Signs 51,000 SQFT at Kilroy’s Santa Monica Media Center as Southern California Demand Rebuilds

Kilroy Realty pointed to a Universal Music Group lease that filled its Santa Monica Media Center and to firming demand from Beverly Hills...

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