Firm Floats Single-Family-to-Multifamily Project in Pasadena

Firm Floats Single-Family-to-Multifamily Project in Pasadena

The Pasadena Design Commission is considering plans to convert single-family homes in the city into a multifamily housing development with nearly two dozen units.  Property owner LSJ Development presented its proposal for... Read more »
Swift Sells More Pasadena Offices in Almost Half-Off Sale

Swift Sells More Pasadena Offices in Almost Half-Off Sale

Another Pasadena office building has traded hands for significantly less than its previous sale price.  State Compensation Insurance Fund purchased 35 North Lake Avenue in Pasadena for approximately $33 million, L.A. Business... Read more »
Not-for-Profit Insurance Carrier Acquires Pasadena Offices

Not-for-Profit Insurance Carrier Acquires Pasadena Offices

State Compensation Insurance Fund has purchased a 158,785-square-foot Class A office building at 35 N. Lake Ave. in Pasadena, CBRE announced. Los Angeles Business First reported the purchase price as $33 million. The... Read more »
Mata Construction Completes Wedbush Headquarters in Pasadena

Mata Construction Completes Wedbush Headquarters in Pasadena

Mata Construction Services, Inc., a Los Angeles–based general contractor, has completed construction of a new 20,000-square-foot headquarters workplace for Wedbush at the Pasarroyo office campus in Pasadena’s South Lake district. Designed by... Read more »
Pasadena Condo Project Appeal Denied by City Council

Pasadena Condo Project Appeal Denied by City Council

Pasadena officials sided with housing production over neighborhood resistance, clearing the way for a contentious 46-unit condominium project despite months of design complaints. On Monday, the Pasadena City Council unanimously denied an... Read more »
Irvine Co. Sells Pasadena Office

Irvine Co. Sells Pasadena Office

Donald Bren’s Irvine Company sold an office building located in downtown Pasadena to East West Bank for about $98 million, records reveal. That’s a steep decline from its $144 million purchase price... Read more »
Slatt Arranges Life Company Financing for Pasadena Mixed-Use

Slatt Arranges Life Company Financing for Pasadena Mixed-Use

Slatt Capital, a nationally recognized commercial mortgage banking firm, closed a financing transaction totaling $10.2 million for a mixed-use project in Pasadena. San Diego-based principal Gary Goss led the refinancing transaction for The Standard,... Read more »
Local Investor Buys Pasadena Chamber of Commerce Building

Local Investor Buys Pasadena Chamber of Commerce Building

The historic Chamber of Commerce office building in Pasadena has been purchased by a locally based investor.  Pasadena-based investor Pete Kutzer and his company Edgewood Realty Partners bought the Chamber of Commerce... Read more »
Pasadena Reviews Mixed-Use Lake Avenue Proposal

Pasadena Reviews Mixed-Use Lake Avenue Proposal

The area surrounding the Metro A Line’s Lake station in Pasadena could look different if the city signs off on a proposal from 4D Development.  The Pasadena Design Commission is set to... Read more »
Wedbush joins downtown L.A. exodus, opting for smaller Pasadena digs

Wedbush joins downtown L.A. exodus, opting for smaller Pasadena digs

One of downtown Los Angeles’ familiar tenants is pulling up stakes as the office rental market continues to contract from shrinking occupancy stoked by the pandemic. Financial services firm Wedbush Securities has... Read more »