Lennar Affiliate Buys Irvine Office Campus for 2 Million

Lennar Affiliate Buys Irvine Office Campus for $232 Million

A 24-acre office campus in the Irvine Business Complex is due for a residential conversion after it sold for $232.1 million, fetching more than double its last sale price in one of... Read more »
Sumitomo Forestry buys Tri Pointe, resetting the arc of homebuilder scale

Sumitomo Forestry buys Tri Pointe, resetting the arc of homebuilder scale

Within a couple of weeks of exactly this time two years ago, the lead-in to a blockbuster $4.9 billion M&A deal involving a Japan-based acquirer of a national public homebuilding enterprise practically... Read more »
DHS Buys Surprise Warehouse for ICE Detention Facility

DHS Buys Surprise Warehouse for ICE Detention Facility

The U.S. Department of Homeland Security’s real estate acquisition spree now includes a warehouse in the Phoenix area.  The department, which houses Immigration and Customs Enforcement, purchased a 418,000-square-foot warehouse at 13290... Read more »
Ex-Disney Employee Buys Azusa Luxury Apartments

Ex-Disney Employee Buys Azusa Luxury Apartments

A newly built residential and retail building in Azusa has been purchased by a private investor with ties to the “Happiest Place on Earth.”  An affiliate of Richard Battaglia, a former Walt... Read more »
Local Investor Buys Pasadena Chamber of Commerce Building

Local Investor Buys Pasadena Chamber of Commerce Building

The historic Chamber of Commerce office building in Pasadena has been purchased by a locally based investor.  Pasadena-based investor Pete Kutzer and his company Edgewood Realty Partners bought the Chamber of Commerce... Read more »
Ellen DeGeneres Buys .4 Montecito Mansion as Rumors Swirl of a Return to U.S.—1 Year After She Relocated to the U.K.

Ellen DeGeneres Buys $27.4 Montecito Mansion as Rumors Swirl of a Return to U.S.—1 Year After She Relocated to the U.K.

Comedian Ellen DeGeneres has thrown herself back into the U.S. housing market with gusto, snapping up a stunning Montecito mansion for $27.4 million in an off-market deal that closed at the end... Read more »
Trader Joe’s Buys Former Rite Aid In Santa Monica For M

Trader Joe’s Buys Former Rite Aid In Santa Monica For $22M

Trader Joe’s just made a pricey Santa Monica land play, snapping up a former Rite Aid along Wilshire Boulevard as it continues to expand in Southern California and scoop up drugstore boxes... Read more »
Ashkenazy Acquisition Buys Beverly Hills Neiman Marcus

Ashkenazy Acquisition Buys Beverly Hills Neiman Marcus

Ben Ashkenazy is adding to his Southern California holdings with a purchase in the Beverly Hills Golden Triangle.  The real estate developer’s New York-based Ashkenazy Acquisition Corporation bought the two-block Neiman Marcus... Read more »
Waterton Buys Again in Woodland Hills’ Warner Center

Waterton Buys Again in Woodland Hills’ Warner Center

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 buys Malibu estate for  million

Laurene Powell Jobs buys Malibu estate for $94 million

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 »