SteelWave Sells Downtown Los Angeles Offices to LA Metro

SteelWave Sells Downtown Los Angeles Offices to LA Metro

The latest office building sale in downtown Los Angeles is a bright spot in one of the country’s hardest-hit commercial real estate markets in the post-pandemic years.  L.A. Metro bought the 106,004-square-foot... Read more »
Oaktree Lends 5M on Downtown Glendale Apartments

Oaktree Lends $125M on Downtown Glendale Apartments

JLL Capital Markets said Tuesday it had secured a $125-million financing for TenTen Campus, a newly built 228-unit Class A multifamily asset located in downtown Glendale. Senior managing director Chris Gandy and directors... Read more »
Legendary Clifton’s cafeteria is reopening in a struggling downtown L.A.

Legendary Clifton’s cafeteria is reopening in a struggling downtown L.A.

Andrew Meieran is about to reopen the doors of one of L.A.’s legendary restaurants in a bid to once again make it an offbeat dining and entertainment destination. Meieran is the proprietor... Read more »
Former Ace Hotel in downtown L.A. reopens as ‘Airbnb on steroids’

Former Ace Hotel in downtown L.A. reopens as ‘Airbnb on steroids’

The former Ace Hotel in downtown Los Angeles, which helped lead an economic revival on a historic stretch of Broadway a decade ago, has reopened as a minimal-service operation akin to Airbnb,... Read more »
Lee & Associates Negotiates Downtown Naperville Restaurant Lease

Lee & Associates Negotiates Downtown Naperville Restaurant Lease

Lee & Associates has negotiated a 3,163-square-foot restaurant lease at Riverwalk Plaza, 175 W Jackson Avenue, Suite 223, Naperville, Illinois. The landlord, Naper Limited Partnership, was represented by Michael Petrik, Associate, and... Read more »
L.A. County to buy downtown skyscraper for new HQ despite a ‘hell no’ from Hahn

L.A. County to buy downtown skyscraper for new HQ despite a ‘hell no’ from Hahn

The Los Angeles County Board of Supervisors on Wednesday approved the county’s purchase of the Gas Company Tower, one of downtown L.A.’s most prominent skyscrapers, paving the way for the transfer of... Read more »
Wedbush joins downtown L.A. exodus, opting for smaller Pasadena digs

Wedbush joins downtown L.A. exodus, opting for smaller Pasadena digs

One of downtown Los Angeles’ familiar tenants is pulling up stakes as the office rental market continues to contract from shrinking occupancy stoked by the pandemic. Financial services firm Wedbush Securities has... Read more »
L.A. County to buy downtown skyscraper for new HQ despite a ‘hell no’ from Hahn

Los Angeles County agrees to buy downtown skyscraper

The county of Los Angeles has tentatively agreed to buy the Gas Company Tower, a prominent office skyscraper in downtown Los Angeles, for $215 million in a foreclosure sale. The price is... Read more »
SoCalGas to move from longtime headquarters in downtown Los Angeles

SoCalGas to move from longtime headquarters in downtown Los Angeles

Southern California Gas Co. is planning to move from its longtime headquarters after signing the largest office lease of the year in downtown Los Angeles. SoCalGas will leave its namesake Gas Company... Read more »
In Downtown LA, Back-to-Office Decision Involves Retail

In Downtown LA, Back-to-Office Decision Involves Retail

In Downtown Los Angeles, one out of four offices sits empty. But landlords have come up with a sweetener to help draw tenants back to their cubicles: ground-floor retail. Downtown property owners... Read more »