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 »
After topping out in April 2022, Brookfield Properties’ Beaudry DTLA apartment tower was hailed as the post-pandemic recovery story for Downtown Los Angeles. The imposing, 64-story tower at 960 West 7th Street... Read more »
South Korean investment manager Consus Asset Management has agreed to pay $145 million, or $145 per square foot, for the one-million-square-foot office tower at 777 S. Figueroa St. in Downtown Los Angeles, reported Bloomberg... Read more »
Brookfield Properties is selling 777 South Figueroa Tower, formerly one of its trophy office towers in Downtown Los Angeles, for about half of the outstanding debt on the property. South Korea-based investment... Read more »
Housing Diversity has secured $34.2 million in financing for a nearly completed, 147-unit “micro apartment” complex in Downtown Los Angeles. The Seattle-based developer landed the loan to complete the eight-story Vida DTLA... Read more »
Colliers arranged the $13,450,000 REO sale of a 43,700-square-foot mixed-use retail/office property, 1001 Towne Ave., located in the Fashion District of Downtown Los Angeles. EVP Mark Schuessler, vice chair Sean Fulp and... Read more »