From left: Sweetgreen co-founders Jonathan Neman, Nicolas Jammet and Nathaniel Ru; and a rendering of 3101 Exposition Boulevard An industrial building in West Adams once used to produce dairy products is going green. Sweetgreen. The popular salad chain will relocate its headquarters from Culver City to a former dairy plant that the Luzzatto Company is […]
Kushner closes $1.1B multifamily buy with financing from Berkadia
Kushner Companies president Laurent Morali Kushner Companies closed on its purchase of a $1.1 billion portfolio of Mid-Atlantic apartment buildings with financing from Warren Buffett’s commercial lending company, according to sources. Berkadia Commercial Mortgage provided Kushner with nearly $800 million in debt to finance the purchase of the portfolio of 6,000 rental apartments in Maryland […]
Joel Silver-led production company sells old post office in Venice
Joel Silver, Hal Sadoff, and 1601 S. Main Street A Depression-era former post office in Venice that had previously been planned as headquarters for Joel Silver’s movie production and financing company has sold to a United Kingdom-based investor. Silver Pictures Entertainment CEO Hal Sadoff controls the entity that sold the building at 1601 S. Main […]
Brookfield, Fortress among bidders vying for Anbang’s US hotel portfolio
From left: Brookfield CEO Bruce Flatt, JW Marriott Essex House on Central Park South, Fairmont Chicago, and Fortress Chairman Wesley Edens (Credit: Getty Images) Chinese officials looking to sell Anbang’s portfolio of 15 U.S. hotels received offers from 17 bidders, including Brookfield Asset Management, Fortress Investment Group and Blackstone Group. The bids for Chicago-based Strategic Hotels had a spread […]
Here are LA County’s top 5 retail and office sales of April
Two of the top five commercial sales in April Judd Apatow and Leslie Mann spotted the perfect location for their next… office. The Hollywood couple’s $12.4 million purchase of a Sawtelle office for Apatow Productions led the April list of priciest retail and office investment sales in Los Angeles County. In all, three retail properties […]
Tishman in talks to buy Northwood’s stake in Facebook, Yahoo-leased office portfolio
Northwood Investors John Kukral, Tishman Speyer CEO Rob Speyer and renderings of Brickyard & Collective campuses (Credit: Tishman Speyer) Tishman Speyer is in talks to buy out Northwood Investors’ stake in two Playa Vista office campuses — the Collective and Brickyard, The Real Deal has learned. Sources familiar with the deal said the two firms […]