California People and Company News, Week of Dec. 20, 2024

California People and Company News, Week of Dec. 20, 2024

Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial facilities throughout the U.S., added Bryan Schultz as principal in the newly established Northern California region. He will spearhead Brennan’s efforts to... Read more »
Guild Mortgage CEO talks acquisitions, AI and company growth

Guild Mortgage CEO talks acquisitions, AI and company growth

In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez sits down with Terry Schmidt, CEO of San Diego-based Guild Mortgage, to discuss the company’s recent acquisitions, reverse mortgages... Read more »
LA County Pays 0M for the Gas Company Tower

LA County Pays $200M for the Gas Company Tower

 JLL Capital Markets completed the $200-million sale of The Gas Company Tower, a 1.3-million-square-foot office tower at 555 W. Fifth St. in Downtown Los Angeles. Los Angeles County emerged as the buyer for... Read more »
LA County Pays 0M for the Gas Company Tower

Irvine Company Tallies More Than 1.8M SF of Office Leases in OC

Irvine Company on Monday announced strong leasing activity in Orange County since July 1, with more than 1.8 million square feet of office space leased to leading companies across multiple industries in both new... Read more »
LA County Pays 0M for the Gas Company Tower

California People and Company News, Week of Nov. 9, 2024

The Macerich Company announced that Daniel E. Swanstrom II will become CFO effective Nov. 16. Swanstrom previously served as CFO at two public REITs and as an investment banker with Morgan Stanley.... Read more »
FOA posts robust Q3 earnings as company touts product, platform changes

FOA posts robust Q3 earnings as company touts product, platform changes

Finance of America (FOA), the reverse mortgage industry’s leading lender, announced its third-quarter 2024 earnings results on Wednesday evening. It delivered adjusted net income of $15 million, or $0.67 per share. The... Read more »
LA County’s 0M Buy of Gas Company Tower Moves Ahead

LA County’s $200M Buy of Gas Company Tower Moves Ahead

Los Angeles County’s plan to buy the Gas Company Tower for $200 million is moving ahead in what would be one of the Downtown market’s largest office deals this year. Approval of... Read more »
TidalWave CEO Diane Yu on building an AI-first company

TidalWave CEO Diane Yu on building an AI-first company

Editor in Chief Sarah Wheeler sat down with Diane Yu, co-founder and CEO of TidalWave, to talk about the benefits of building an AI-first company in today’s business environment. Yu founded and... Read more »
TidalWave CEO Diane Yu on building an AI-first company

Guild’s Jim Cory on company confidence in reverse mortgages

At the end of August, Guild Mortgage announced a suite of products under the name “Flex Payment Mortgage,” which includes Home Equity Conversion Mortgage (HECM) reverse mortgage products alongside refinances, proprietary jumbo... Read more »
SoCalGas Relocates Headquarters from DTLA’s Gas Company Tower

SoCalGas Relocates Headquarters from DTLA’s Gas Company Tower

Southern California Gas Company has signed a long-term lease for approximately 198,553 square feet at CIM Group’s City National 2CA in the Bunker Hill section of Downtown Los Angeles. The utility will relocate... Read more »