Allstate has hired Colliers to sell an office building the company purchased in 2022, located at 29 N. Wacker Drive, reported Crain’s. The insurance firm had purchased the property nearly two years... Read more »
Starwood Capital and Artisan Ventures are on the brink of losing a 257,000-square-foot office building in El Segundo, The Real Deal has learned. The firms have defaulted on an $84.8 million loan... Read more »
Dollinger Properties is prepared to sell a 146,000-square-foot office building in Brea for less than it paid for the property in 2019. The Redwood City-based firm has put 1800 East Imperial Highway... Read more »
The Winter 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, released Wednesday, shows that adaptive reuse of office properties is growing, with 21% of California real estate owners and operators... Read more »
Rising interest rates, the City of Los Angeles’ new transfer taxes, remote work and lackluster tenant demand made buyers uninterested in L.A. office buildings last year. Investors spent about $2.2 billion on... Read more »
Century City has stood out as an exception in L.A.’s struggling office market. But the upscale district that recently drew such tenants as Sidley Austin and Creative Artists Agency saw its office... Read more »
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.... Read more »
Not all office buildings have trouble finding new money. The California State Teachers’ Retirement System has scored a $70 million loan to refinance its 337,400-square-foot office building at 11755 Wilshire Boulevard, according... Read more »
Anchor Point Capital, a commercial real estate advisory firm specializing in net lease properties nationwide, arranged the $12.2-million sale of Plaza Diamond Bar, a two-building property located in Diamond Bar. The transaction... Read more »
Kaiser Foundation Health Plan has paid $67 million for a 223,900-square-foot medical office building in Santa Clarita from an entity tied to Global Net Lease, according to property records. The sale came... Read more »