Carr Workplaces downtown Los Angeles renderings (Credit: Carr Workplaces) Add another co-working space to Downtown Los Angeles’ growing stock. Carr Workplaces has inked a lease for its first L.A. location, a 24,000-square-foot space at the massive mixed-use property, The Bloc, according to the Los Angeles Business Journal. The Washington, D.C.-based company will open the location […]
Colony Capital buys $1.2B industrial portfolio
Colony Capital’s Lew Friedland and Thomas J. Barrack Jr. Less than a month after unloading $136 million worth of assets, Colony Capital said it is buying a massive $1.2-billion portfolio of industrial properties spread across the country. The deal, which includes 54 buildings totaling about 11.9 million square feet, will expand the firm’s footprint by […]
Almost 600 Family Dollar stores will disappear this year
A Family Dollar store with Dollar Tree CEO Gary Philbin (Credit: Getty Image and Twitter) Dollar Tree is going to shut down or rebrand almost 600 Family Dollar stores this year. The company has booked an impairment charge of $2.73 billion during the fourth quarter to lower Family Dollar’s value, according to the Wall Street […]
Amazon’s ashes: Inside the retail giant’s abrupt exit from LIC
From left: Savanna’s Chris Schlank, Sen. Michael Gianaris, Jeff Bezos, Gov. Andrew Cuomo, U.S. Rep. Alexandria Ocasio-Cortez and Mayor Bill de Blasio (Photo Illustration by Lincoln Agnew) It’s no secret that the real estate industry was salivating over Amazon’s arrival in Long Island City — and was giddy about the potential ripple effect expected for […]
Nashville office REIT eyes sector’s first IPO this year
Priam CEO Abhishek Mathur (Credit: iStock and Priam Properties) As office REITs in general continue to underperform, growth-focused office landlord Priam Properties is considering an initial public offering. The Nashville-based company would be the first U.S. REIT to go public this year, according to Bloomberg. Led by CEO Abhishek Mathur, the firm has had discussions […]
Expected returns drop for L.A. real estate
Greater Los Angeles is seeing some of the largest decreases in cap rates (Credit: Wikimedia) Amid a cooling real estate market, Los Angeles is seeing some of the sharpest decreases in expected rates of return across multiple markets. Job growth and tax cuts led to stable rates for investment throughout the country last year, but […]