The Downtown Breakfast Club announced the winners of its 44th Annual Roses & Lemon Awards, held at the Millennium Biltmore Hotel, Crystal Ballroom. The longstanding tradition celebrates the people, places and projects... Read more »
Cerberus Capital Management’s Wedbush Center in downtown Los Angeles faces foreclosure after a debt default. The alternative investment outfit owes about $135 million on its office tower on Wilshire Boulevard, according to... Read more »
A roughly $32 million loan on the Metropolitan building downtown was sent to special servicing after the borrower defaulted on their commercial mortgage-backed securities debt, according to Morningstar Credit. Servicer commentary via... Read more »
Hospitality at Work, a property management subsidiary of Lowe, has assumed management of two prominent office buildings in the downtown Los Angeles Financial District, totaling more than 400,000 square feet of prime... Read more »
The latest Brookfield-tied property to hit the market in the Financial District of downtown Los Angeles is not a distressed office tower, but still looks to be a bargain compared to some... Read more »
Downtown Los Angeles isn’t what it used to be — and it seems no one knows that better than Brookfield, which now is looking to dispose of four distressed office buildings that... Read more »
Vella Group has secured Los Angeles City Planning Commission approval for its 670 Mesquit project, a 1.8-million-square-foot, $1.4-billion mixed-use development. The Planning Commission nod comes eight years after the developer first proposed... Read more »
The owner of a basement business beneath a landmark building of converted lofts in Downtown Los Angeles has accused Brookfield Properties of causing water damage. It seeks $5 million. The affiliate of... Read more »
Artificial intelligence-based fashion firm Finesse has nearly quadrupled its office footprint in Downtown L.A. after inking a sublease for more than 23,000 square feet at The Bloc. The company, which closed on... Read more »
Rising Realty Partners has gone into special servicing for a $300 million loan linked to a 42-story office building in Downtown Los Angeles. The locally based investor went into special servicing for... Read more »