Towers at Emeryville and CEO of KBS Charles J. Schreiber Jr. KBS Capital Markets Group, an investment firm based in Newport Beach, has sold a nationwide office portfolio for $1.2 billion a trust based in Singapore named Prime US REIT. The deal includes 11 properties in nine states with nearly 3.4 million square feet of […]
Sunset Strip’s former Tower Records store could have new tenant soon
Tower Records store, and late Tower Records founder Russ Solomon (Credit: Getty Images) It’s been a bad week for nostalgic music lovers. Just days after plans to demolish the Amoeba Music were greenlit, an opportunity to lease the former home of the iconic Tower Records on the Sunset Strip has hit the market. While the […]
Knotel expands into 3 new LA locations
Knotel CEO Amol Sarva and Westwood Center, where Knotel signed a lease Knotel’s Los Angeles expansion includes three new locations this month, bringing the firm up to nearly 100,000 square feet of leased space. The New York-based flexible office space provider has signed deals for nine locations since January in the city, all in the […]
Movers & Shakers: Compass recruits from the Mark Co., Allen Matkins promotes managing partner… and more
From left: Jeffrey Patterson, Michael Hannassab, Sandra Eaton, and Elliot Hassan Compass is expanding its development division. The firm has hired Sandra Eaton to serve as the regional director of the West Coast for Compass Development. In this new role, Eaton will lead sales and marketing teams for Compass’ listings in California, which include the […]
Here’s how Chinese real estate investors and NYC broke up
(Credit: iStock) Chinese companies were paying record-breaking sums for Manhattan trophy buildings not too long ago. They have since retreated from the city’s property scene, largely due to issues within their own country. The Chinese government imposed strict controls to limit overseas property deals amid concerns about a slowdown in the country’s own economy, according […]
Convene, Industrious partner with Hines to new locations across US
From left: Ryan Simonetti, Jamie Hodari and Gerald Hines with 717 Texas in Houston (left) and The Kearns Building in Salt Lake City (right) Gerald Hines is getting into the co-working game. The Texas billionaire, whose eponymous real estate investment firm oversees $121 billion in assets, has announced a partnership with flexible-office startups Industrious and […]