From top left, clockwise: 1231 South Hill Street, Benedict CEO Ryan Somers and 4608–4640 Arden Way, marketed as “The Parker”, LACERA CEO Lou Lazatin, and The pool at the Landing at Long Beach (Credit: Google Maps and Wikipedia) The year started off with some sizable multifamily investments in Los Angeles, including one sale that topped […]
Kuwaiti Consulate cultural office inks lease at DTLA tower
801 S. Figueroa The General Consulate of the state of Kuwait signed a new lease for its cultural office, moving from Century City into a 25-story office tower in Downtown Los Angeles. The country’s cultural office will take 20,900 square feet at 801 S. Figueroa Street, Barings Real Estate Advisors owns the 465,000-square-foot building. The […]
Commercial real estate in the age of #MeToo
(Illustration by Hannah Barczyk) As West Coast senior vice president of development for Seritage Growth Properties, Kacy Keys has reached a level of leadership that women haven’t often achieved in Los Angeles’ commercial real estate scene. But the road to Keys’ powerful perch was not without substantial hurdles. “As a young woman in the business, […]
Properties with development possibilities come on sale on Wilshire Boulevard
Kyle Matthews and the properties on Wilshire Boulevard currently leased by BMW (Credit: Matthews Real Estate investment Services) Two properties and surrounding surface lots along the Wilshire Boulevard corridor with development possibilities have hit the market. The buildings at 5070 and 5151 Wilshire Boulevard span 339,000 square feet and are fully leased by Sonic Automotive […]
Worn down: Payless shoes to close all 2K locations, declare bankruptcy
(Credit: Flickr and iStock) Just as Sears is emerging from bankruptcy, another major retailer battered by e-commerce is entering into it. Payless ShoeSource will shutter all 2,300 stores when it files for bankruptcy later this month, according to Reuters. It’s the second time the Topeka, Kansas-based discount shoe chain has filed for bankruptcy in two […]
“They know how to reach us.” Rejected Amazon HQ2 suitors may give it another try
Top to bottom: Chicago, Miami, Newark, Dallas, and Jeff Bezos recieving phone calls (Credit: Getty Images, Pixabay, and Wikipedia) What about now? They may have been rejected once, but they’re not giving up. At least a handful of cities that had been in the running for Amazon’s second headquarters said they would be willing to […]