Port of Long Beach buys downtown office tower as vacancies surge

Port of Long Beach buys downtown office tower as vacancies surge

The Port of Long Beach has continued to plant roots downtown with the acquisition of an office tower. The port spent $36 million to buy the property at 100 Oceangate, a 13-story... Read more »
BXP Signs on as Development Advisor for Unfinished Oceanwide Tower in San Francisco

BXP Signs on as Development Advisor for Unfinished Oceanwide Tower in San Francisco

With the sale of the unfinished Oceanwide Plaza site in Los Angeles recently approved by a bankruptcy court, another project left in limbo by China-based Oceanwide Holdings’ collapse is gaining renewed momentum.... Read more »
Graffiti towers cleanup begins – Los Angeles Times

Graffiti towers cleanup begins – Los Angeles Times

Crews have started cleaning the notorious graffiti towers. The new owners of the stalled Oceanwide project in downtown Los Angeles have agreed to start cleaning up the embarrassing splash of color on... Read more »
Stony Brook Harbor Is the Latest Front in America’s Cell Tower Fight

Stony Brook Harbor Is the Latest Front in America’s Cell Tower Fight

The Knox School stands on 40 waterfront acres overlooking Stony Brook Harbor. Soon, the century-old campus could also overlook a 140-foot cell tower. The telecommunications company behind the project says it’s needed... Read more »
PwC Inks Lease at Irvine Company Tower

PwC Inks Lease at Irvine Company Tower

PricewaterhouseCoopers is leaving downtown and heading to Century City, The Real Deal has learned.  The accounting giant currently occupies around 100,000-square feet at 601 South Figueroa, a million-square foot office tower owned... Read more »
Metlife Sues Rockpoint Over Miracle Mile Office Tower

Metlife Sues Rockpoint Over Miracle Mile Office Tower

Metlife wants Rockpoint to cede control of a Miracle Mile office tower. In a complaint dated early June, the lender claims the owner is in default on a roughly $164 million loan. ... Read more »
601W Acquires 1.4M-SF DTLA Office Tower at Steep Discount

601W Acquires 1.4M-SF DTLA Office Tower at Steep Discount

Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, originated a $132-million first-mortgage acquisition loan secured by 333 S. Grand Ave., a 55-story, Class A office tower totaling... Read more »
Law Firm Taft Will Occupy Full Floor in Durst Midtown Tower

Law Firm Taft Will Occupy Full Floor in Durst Midtown Tower

The Durst Organization said Thursday that national law firm Taft signed a lease at 1155 Ave. of the Americas for the entire 16,563-square-foot 24th floor to launch its New York office. Taft plans to scale... Read more »
On Location LA Leases Six Floors in Downtown Office Tower

On Location LA Leases Six Floors in Downtown Office Tower

In Downtown Los Angeles’s largest lease deal in years, On Location LA, an experiential hospitality company, has signed at 445 South Figueroa Street for its regional headquarters ahead of the 2028 Olympic... Read more »
Silverstein Secures High-Profile Leases at DTLA’s US Bank Tower

Silverstein Secures High-Profile Leases at DTLA’s US Bank Tower

Silverstein Properties announced lease agreements totaling 53,146 square feet at US Bank Tower, its 72-story office tower in Downtown Los Angeles. Silverstein signed an 18,971-square-foot expansion with international law firm King & Spalding, growing... Read more »