California just hit a new home price record, but Pasadena has been living in that reality for a while. The statewide median home price climbed to $914,810 in April, Pasadena Now reported,... Read more »
Dauntless Capital Partners sold a hotel in Old Town Pasadena for $65 million, or about $451,000 a room, The Real Deal has learned. The buyer is little-known David Lee of Cornerstone Hotel... Read more »
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 »
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 »
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 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 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 »
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 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 »
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 »