Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.m. and 4 p.m. PT. Please send any tips or deals to tips@therealdeal.com This page was last updated at 9 a.m. PT Angels star Mike Trout and the Long Beach shorefront (Credit: Getty Images) A […]
This industrial deal was one of the biggest single-building acquisitions in Inland Empire
ASB CEO Robert Bellinger and Columbia Business Park Add another to the growing list of big industrial deals in the Inland Empire. ASB Real Estate Investments paid $124 million for the 1 million-square-foot Columbia Business Park distribution facility in Riverside. The seller of the recently-built property was a joint venture of Washington Capital Management and […]
WeWork’s IPO filing sheds light on a startup posting massive losses, while issuing massive loans to executives
WeWork CEO Adam Neumann (Credit: iStock) The We Company, whose imminent IPO stands to be one of the most hyped of the year, has laid bare its innerworkings. The WeWork parent company’s S-1 filing — filed Wednesday with the U.S. Securities and Exchange Commission — tells the story of a company experiencing massive growth while […]
From The Chronic to co-working: Cross Campus’ LA expansion now includes former Death Row Records HQ
The building with Cross Campus founder Ronen Olshansky and Suge Knight For Cross Campus’ latest location in Los Angeles, the co-working firm had to do some unusual remodeling. How unusual? It had to remove the hot tub that belonged to Death Row Records founder Suge Knight from the roof of a Beverly Hills office building. […]
WeWork’s revenues — and losses — soar ahead of IPO, filing shows
WeWork CEO Adam Neumann (Credit: Getty Images) As WeWork marches toward an IPO, the office-space company’s losses have continued to soar. For the first half of 2019, the company generated $1.54 billion in revenue and posted a net loss of $689.7 million, according to an IPO filing the company released Wednesday. The Wall Street Journal […]
Irvine Co. renews four tenant leases for nearly 200K sf of office space
Tom Greubel, Vice President of leasing, with Spectrum Terrace and Discovery Park Irvine Company has renewed four lease deals for almost 200,000 square feet at two new multibuilding office centers, helping the tenants expand their footprint in Orange County. The four existing tenants — Kajabi, Hyperice, WeWork and Pacific Rim Capital — signed the deals […]