More than 60 percent of major U.S. housing markets are shifting toward buyers, as Realtor.com’s new Market Clock highlights a growing divide between regions and evolving local conditions. Just over 60 percent... Read more »
Universal Music Group’s Santa Monica headquarters office has a new owner in Drawbridge Realty. San Francisco-based Drawbridge paid New York-based Clarion Partners $185 million, according to an industry source, for the 225,773-square-foot... Read more »
Drawbridge Realty has acquired 2220 Colorado Ave., a 225,773-square-foot headquarters building in Santa Monica’s Silicon Beach neighborhood, for a reported $185 million. The building is 100% triple-net leased to Universal Music Group... Read more »
Construction of a new high-rise addition to the Hilton hotel in Universal City was approved by the Los Angeles Planning Commission, clearing a major hurdle for the long-planned expansion. The decision comes... Read more »
Sun Hill Properties has moved forward with plans to build an 18-story addition to the Hilton Universal City hotel next to Universal Studios Hollywood. The Studio City-based investor run by hotelier Mark... Read more »