Allstate has hired Colliers to sell an office building the company purchased in 2022, located at 29 N. Wacker Drive, reported Crain’s. The insurance firm had purchased the property nearly two years... Read more »
Architect Louis Naidorf had a disastrous 80th birthday cake. In 2008, Naidorf, who designed the Capitol Records building in Hollywood, was presented with a celebration cake that had been custom-baked in the... Read more »
JLL has arranged the $86 million sale of a collection of four mission-critical medical properties totaling over 181,000 square feet located in the Chicago, Illinois, area as well as Arizona and Florida.... Read more »
FH One wants to replace a parking lot of a former headquarters for PG&E in Downtown Oakland with an eight-story apartment building. DM Development, based in San Francisco, filed plans on behalf... Read more »
Rising interest rates, the City of Los Angeles’ new transfer taxes, remote work and lackluster tenant demand made buyers uninterested in L.A. office buildings last year. Investors spent about $2.2 billion on... Read more »
Not all office buildings have trouble finding new money. The California State Teachers’ Retirement System has scored a $70 million loan to refinance its 337,400-square-foot office building at 11755 Wilshire Boulevard, according... Read more »
From left: Dekel Capital’s Shlomi Ronen, LaTerra Development’s Chris Tourtellotte and Cityview’s Damian Gancman (Dekel, LaTerra, Cityview, Getty; Illustration by Kevin Rebong for The Real Deal)From left: Dekel Capital’s Shlomi Ronen, LaTerra... Read more »
Kaiser Foundation Health Plan has paid $67 million for a 223,900-square-foot medical office building in Santa Clarita from an entity tied to Global Net Lease, according to property records. The sale came... Read more »
Los Angeles County Superior Court Judge Curtis Kin has ordered the City of Beverly Hills to stop issuing building permits for anything but new residential developments — putting a hold on everything... Read more »
Hollywood Park, a mixed-use mega-development under construction in Inglewood, has expanded its residential offering with the debut of The Crosby. The 214-unit apartment property is now open for leasing. “Building on the success of The... Read more »