Chicago-based Waterton has acquired the Motif apartment community as part of its core investment strategy. Motif is a 395-unit rental community at 21021 Erwin St. in Woodland Hills, located in the Warner... Read more »
Laurene Powell Jobs, widow of Apple visionary Steve Jobs, just paid $94 million for an oceanfront estate in Malibu’s Paradise Cove, The Times has confirmed. The billionaire businesswoman has been on a... Read more »
Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older. Newly released data from the annual profile of home buyers and sellers by the... Read more »
Universal Music Group’s Santa Monica headquarters office has a new owner in Drawbridge Realty. San Francisco-based Drawbridge paid New York-based Clarion Partners $185 million, according to an industry source, for the 225,773-square-foot... Read more »
If anyone would know a good deal, it’s Los Angeles power agent Kurt Rappaport. The home broker — who has worked with the likes of Tom Brady, Brad Pitt and Ellen DeGeneres... Read more »
REDA Residential and an undisclosed investor have bought a 68,000-square-foot shopping center in Culver City for $49 million, with plans to redevelop it for homes. The unit of Newport Beach-based Real Estate... Read more »
Rexford Industrial Realty has bought 3 million square feet of industrial properties in Southern California from Blackstone in a whopping $1 billion deal, adding almost 7 percent of square footage to its... Read more »
Planned Parenthood Los Angeles has bought a 73,600-square-foot industrial and office building in Historic South Central for $37.9 million. The healthcare nonprofit purchased the 2.4-acre property at 320 and 336 West 31st... Read more »
Land and Houses USA has bought a 176-room, Marriott-branded hotel in Manhattan Beach for $68 million. The Campbell unit of Land and Houses Public Company, based in Thailand, purchased the Residence Inn... Read more »
NantWorks, the biotech holding company run by Los Angeles-based billionaire Patrick Soon-Shiong, has bought another El Segundo office building, boosting its portfolio of office, land and data centers in the South Bay... Read more »