A buyer has emerged for the notorious graffiti-bedecked towers in downtown Los Angeles: a Riverside County developer who intends to finish the stalled $1.2-billion project. The proposed buyer of the residential, hotel... Read more »
Westminster Mall, a once-popular shopping center that has been desecrated by graffiti and vandalism since it closed last year, is on track for demolition soon. It will be replaced with housing, a... Read more »
The former Westminster Mall is headed for new life as a mixed-use development from Shopoff Realty Investments. Bolsa Pacific, the planned replacement for the shopping center that closed last fall, will rise... Read more »
Blackstone has sold an extended-stay, Marriott-branded hotel in Torrance, near Redondo Beach for about $54 million, or roughly $218,000 per key, according to property and business records. Blackstone’s Matt Vizza, a managing... Read more »
As Pebblebrook Hotel Trust chairman and chief executive Jon Bortz previously told The Real Deal, “L.A. is a difficult market to sell in today due to unfriendly government policies and the lagging... Read more »
Slate Property Group and nonprofit Breaking Ground have completed the $255-million acquisition of the Stewart Hotel at 371 Seventh Ave., across from New York Penn Station in Midtown Manhattan. A hotel-to-residential conversion project to deliver... Read more »
CommLoan has structured $195 million in financing with Bank of America for the Kali Hotel at E. Stanley Kroenke’s Hollywood Park in Inglewood. The luxury property is the only hotel permitted within the 300-acre mixed-use... Read more »
Leyad, a real estate investment firm based in Canada, has acquired the Ink48 Hotel in Midtown Manhattan’s Hell’s Kitchen neighborhood in a 50/50 joint venture with locally based private equity firm Capstone Equities.... Read more »