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 »
CenterPoint Properties has picked up four industrial buildings in Compton for $197 million. The Illinois-based investor bought a 546,900-square-foot warehouse portfolio at 111 West Artesia Boulevard, 711 West Walnut Street, 1620 South... Read more »
Helio Group, an investment firm run by Simon Lazar and Sam Mostadim, have bought an apartment complex in Culver City for $67.7 million, according to property records. Greystar sold the 135-unit property,... Read more »