Your backyard barbecues are about to get more expensive than ever before, as beef—a longtime summer staple—is now considered a luxury. Thanks to years of drought conditions that reduced pasture quality and... Read more »
The Consumer Price Index rose 0.9 percent in March, its largest monthly gain since June 2022, as a 21.2 percent surge in gasoline prices — the biggest single-month increase in the index’s... Read more »
Partly driven by the instability in the Middle East, diesel prices have jumped to $5 per gallon for the first time since December 2022, outpacing regular fuel prices. That’s a massive issue... Read more »
Avatar Financial Group LLC has funded a $11.125 million bridge loan secured by three operating gas stations in the Chicago metropolitan area. Structured at 61% loan-to-value with a two-year interest-only term, the... Read more »
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 »
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 »
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 »
Southern California Gas has inked the largest Downtown Los Angeles office lease this year, and will move from its troubled namesake tower to a smaller office on Bunker Hill. SoCalGas has leased... Read more »
The receiver on the Gas Company Tower, the 54-story Downtown L.A. office tower formerly owned by Brookfield Properties, has asked a court to approve a 308,000-square-foot lease with the City of Los... Read more »
The City of Los Angeles is, once again, interested in the Gas Company Tower, the 54-story building that Brookfield lost to a receivership earlier this year, after a previous lease deal fell... Read more »