Fitch Ratings’ overall U.S. CMBS delinquency rate increased 15 basis points to 3.43% in March from 3.28% in February, driven by a surge in new large-balance office delinquencies that outpaced resolutions. The increase was... Read more »
In Downtown Los Angeles’s largest lease deal in years, On Location LA, an experiential hospitality company, has signed at 445 South Figueroa Street for its regional headquarters ahead of the 2028 Olympic... Read more »
Los Angeles–based Atar Capital is expanding its footprint in Century City, relocating its headquarters across the street to what is considered Southern California’s most expensive office tower. The private investment firm signed a lease for about 11,000 square feet... Read more »
CBRE facilitated a 108,272‑square‑foot lease at 445 S. Figueroa St. in Downtown Los Angeles on behalf of Washington Capital. The tenant, On Location LA, a global leader in experiential hospitality, will occupy six floors in the building,... Read more »
A lender and special servicer, on behalf of commercial mortgage-backed securities holders, requested a court-appointed receiver for an Orange County office campus. The parties alleged the borrower defaulted on their loan and... Read more »
As the office market bottoms out after a long fall, renters are swooping in to buy their own buildings. Occupant businesses are seizing the opportunity to become owners, especially in downtown Los... 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 »
Sonnenblick-Eichner Company has arranged an $80-million first mortgage loan secured by Del Rey Campus, a 162,031-square-foot creative office campus located in Marina del Rey. The five-year, fixed-rate, interest-only financing funded by Goldman... Read more »
As the third quarter comes to a close, a social services organization has notched the largest office lease of the year so far in Los Angeles County. The North Los Angeles County... Read more »
Newmark negotiated a 166,867-square-foot, long-term headquarters lease renewal and expansion on behalf of North Los Angeles County Regional Center (NLACRC) at Wset Valley Corporate Center, 9200 Oakdale Ave. in Chatsworth. The transaction... Read more »