Fire-damaged Pacific Palisades shopping center sets reopening date

Fire-damaged Pacific Palisades shopping center sets reopening date

The luxury shopping center in Pacific Palisades will reopen next month after more than $100 million in renovations forced by the January 2025 wildfire that devastated the Los Angeles neighborhood. Palisades Village... Read more »
Six Unlicensed Contractors Arrested in Pacific Palisades Wildfire Sting

Six Unlicensed Contractors Arrested in Pacific Palisades Wildfire Sting

Six people have been charged with felonies after allegedly posing as licensed contractors in the Pacific Palisades wildfire disaster zone, where prosecutors say they submitted more than $1.2 million in bids for... Read more »
Pacific Urban Nabs Koreatown Multifamily Complex for 9M

Pacific Urban Nabs Koreatown Multifamily Complex for $139M

Pacific Urban Investors picked up a seven-story apartment building in Koreatown for $139 million — $50 million less than it sold for seven years ago. The Palo Alto-based investor bought Next on... Read more »
Sterling Bay Partnership Secures 0M Financing for Sorrento Mesa’s Pacific Center

Sterling Bay Partnership Secures $290M Financing for Sorrento Mesa’s Pacific Center

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 »
Hudson Pacific Properties Posts  Million Quarterly Loss

Hudson Pacific Properties Posts $53 Million Quarterly Loss

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 Posts 2 Million Annual Loss 

Hudson Pacific Properties Posts $572 Million Annual Loss 

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 »
Ray Kappe’s Modernist masterpiece asks .5 million in Pacific Palisades

Ray Kappe’s Modernist masterpiece asks $11.5 million in Pacific Palisades

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 »
Erewhon and others shut by fire set to reopen in Pacific Palisades mall

Erewhon and others shut by fire set to reopen in Pacific Palisades mall

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 Divests Element LA Campus for 1M

Hudson Pacific Divests Element LA Campus for $231M

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 hires Suzy Lindblom as COO

Sierra Pacific Mortgage hires Suzy Lindblom as COO

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 »