Los Angeles
Los Angeles Opens Record $466.6MM Homes for LA Round as Mansion Tax Money Shifts Toward Preservation
The Los Angeles City Council unanimously authorized a $466.6 million second round of the Homes for LA program, a pool built largely on...
KB Home Blames Southern California for Q4 Guidance Cut as Sales Slow and Openings Slip
Los Angeles-based KB Home lowered its fourth-quarter pricing and margin expectations and named its Southern California operations as the main cause, citing slower...
Schrager and Scheetz Land $116.5MM Bridge Refinance for 137-Room Public West Hollywood Hotel
The bridge package from Driftwood Capital and Benefit Street Partners retires a 2024 construction loan as Ian Schrager and Ed Scheetz push to...
Blackstone, Hudson Pacific Secure 15-Month Extension on $1.1B Hollywood Studio Loan Anchored by Netflix
Lenders on the Blackstone and Hudson Pacific Properties Hollywood studio-and-office portfolio have finalized a loan modification that buys the sponsors 15 more months,...
Borstein Enterprises Lands $72.5MM Refinancing on 507,000 SQFT Alameda Business Centre in Los Angeles
The longtime owner tapped Bank of America for fresh debt on a four-building industrial campus it has held since developing the site nearly...
Decron Properties Lands 163-Unit 5550 Wilshire in LA’s Miracle Mile for $114MM
Decron Properties broke a nearly two-year acquisition pause to buy the 2010-built luxury community from Boston-based GID, betting that irreplaceable Miracle Mile real...
Southern California’s Building Operations Power a $53.6BN Economy Supporting 334,000 Jobs, BOMA Study Finds
A new economic-impact study from BOMA International sizes Southern California's building-operations economy, finding that Greater Los Angeles ranks among the nation's largest markets...
Self-Help Ventures Fund, LA Más Buy 31-Unit Glassell Park Property for $6.04MM
A 31-unit apartment property in Glassell Park has sold for $6.04 million to a nonprofit partnership planning to keep the buildings affordable for...
USC Plans 20,000 SQFT Blavatnik Virtual Production Center on University Park Parking Lot
The University of Southern California's School of Cinematic Arts is moving to replace a University Park parking lot with a two-story virtual production...
San Diego Leads Southern California’s Uneven AI Adoption as Business Use Tops 33%
Federal survey data reveal a widening gap inside Southern California, where San Diego businesses have raced past the national AI-adoption rate while Los...
Garett Bjorkman Returns to CIM Group as Co-Head of Opportunity Zones Alongside Robert Dupree
The Los Angeles-based real estate and infrastructure firm has rehired one of the original architects of its Opportunity Zones business, pairing Garett Bjorkman...
For Southern California Investors, the Cheap-Debt Era Is Over and Cap Rates Must Climb, Ken Rosen Warns
Veteran economist Ken Rosen told CBRE's podcast The Weekly Take that higher real interest rates have ended the leverage-driven returns of the past...
