MedMen CEO Adam Bierman and a retail shop in West Hollywood MedMen Enterprises is taking on another $30 million in debt from Gotham Green Partners to continue its expansion across the country. Culver City-based MedMen announced the deal Wednesday, the Los Angeles Business Journal reported. The cash adds to $250 million in conditional debt that […]
Last-mile, first option: Supply firm buys distribution center near DTLA
2025-2027 Long Beach Avenue (Credit: Google Maps and iStock) A restaurant supply company has purchased a last-mile distribution center near Downtown Los Angeles, helping the region maintain its nationwide industrial market dominance. American Paper & Plastics paid $14.8 million through an entity named 2025 Long Beach Ave LLC, records show. The property was owned by […]
REITs are embracing risk
Simon Property Group World Headquarters in Indianapolis (Credit: iStock) Publicly-traded real estate firms have in recent years taken on cheaper, riskier debt in an effort to offset borrowing costs. The debt, known as commercial paper, has become increasingly popular for firms looking to settle accounts or inventory payments, according to the Wall Street Journal. But the […]
It’s still unaffordable to live in LA: report
L.A. rents increased despite a national slowdown. It appears as though the national slowdown in home sales has yet to trickle down to rents in housing-strapped cities. A new report from ApartmentList reveals rents in Los Angeles increased slightly over the past year, Curbed reported. The city has consistently been considered one of the most […]
Realogy slams Compass with explosive suit
Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin Compass was slammed with an explosive and wide-ranging lawsuit Wednesday accusing the SoftBank-backed brokerage of price-fixing and collusion, theft of confidential information and unfair business practices. The 68-page document was filed by Realogy, the country’s largest brokerage conglomerate. In the opening paragraph, Realogy alleges Compass’ “unfair business […]
Atlas and Square Mile sign lease with tech startup at Row DTLA
Miro founder Andrey Khusid and Row DTLA The latest office tenant at the sprawling Row DTLA complex in the Arts District is a Russia-based tech startup, bringing the property up to more than 80 percent leased. Miro, whose main product is a video chat platform, is leasing just under 7,200 square feet at the complex […]