Newmark and Sterling Bay have finalized the $290-million refinancing of Pacific Center, a newly built, Class A life sciences campus in San Diego’s Sorrento Mesa. The refii includes $162.5 million of future... Read more »
Victor Coleman is working on his bottom line. Hudson Pacific Properties posted a $53 million net loss in the first quarter, an improvement compared to the $75 million loss in the same... Read more »
Hudson Pacific Properties is trying to stop the bleeding after another nine-figure annual loss and coming up more than half a billion dollars short last year. Victor Coleman’s real estate investment trust... Read more »
An iconic property that has been described as possibly “the greatest house in Southern California” just hit the market for the first time ever in Pacific Palisades. Asking price: $11.5 million. A... Read more »
Fancy grocer Erewhon will return to Pacific Palisades in an entirely rebuilt store, as the neighborhood’s luxury mall, owned by developer Rick Caruso, undergoes renovations for a reopening next August. Palisades Village... Read more »
Hudson Pacific Properties, Inc. has sold Element LA, a 284,000-square-foot office campus located in West Los Angeles. The REIT sold the property for $150 million and received a separate $81-million payment for... Read more »
Sierra Pacific Mortgage has hired Suzy Lindblom as its new Chief Operating Officer, the company announced in a LinkedIn post. Lindblom confirmed the move in her own post, adding that she has... Read more »
Comedian and writer Larry David, co-creator of “Seinfeld” and mastermind of HBO’s “Curb Your Enthusiasm,” is curbing his real estate. He’s listed one of his picturesque Pacific Palisades, CA, properties for $8,975,000.... Read more »
Pacific Equity Partners has scored a $135 million loan to refinance Cross Creek Ranch, a large Malibu retail and office development slated to open this year. Torchlight Investors provided the five-year loan,... Read more »
Charles Cohen, the billionaire developer behind New York-based Cohen Brothers Realty, is struggling with dipping profits at the Pacific Design Center in West Hollywood. A $245 million commercial mortgage-backed securities loan tied... Read more »