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Commercial Real Estate News
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L.A. County Board of Supervisors Makes Way for Vermont Corridor Project
The corner of Vermont and Sixth Streets in Koreatown is about to be transformed with a soon-to-be-built, mixed-use project as part of a public-private partnership formed with the Trammell Crow Company, Los Angeles County, Public Facilities Group and West...

Swift Real Estate Ptnrs Scoops Up DirecTV Campus for $167.5M
San Francisco-based Swift Real Estate Partners has purchased a three-building campus in El Segundo, CA from a joint-venture partnership between San Francisco-based GI Partners and Sacramento-based pension fund giant CalPERS (California Public Employees...

Convene Builds on Brookfield Partnership with 93,000 SF at One Liberty Plaza
Real estate developer and owner Brookfield Properties continues to leverage its partnership with meeting, concierge and conference space provider Convene. Convene’s newest location in New York City will be a 93,096-square-foot space spanning four floors...

Singapore Sovereign Wealth Fund Backs Rockwood Capital in Playa Vista Office Recap
Singapore’s sovereign wealth fund, GIC, is joining a group of investors in a joint venture led by Rockwood Capital to recapitalize a portfolio of Playa Vista office buildings consisting of Water’s Edge, a two-building, 259,000-square-foot office complex...

Some Stakeholders Want to Limit Efforts to Legalize Street Vending
If you’ve spent any length of time in Los Angeles, you can’t miss them. Street vendors are all around and are especially concentrated in high-traffic areas, including Hollywood, Venice, the Fashion District and other parts of downtown L.A. Now...

Damco Signs Nearly 1M-SF Lease in Santa Fe Springs
Netherlands-based Damco, part of Denmark’s A.P. Moller Maersk, has signed a 10-year lease for Sydney, Australia-based Goodman Group's 989,809-square-foot logistics center at the Goodman Gateway Santa Fe Springs industrial park. Damco, whose U.S. headquarters...

Musk's High-Speed Tunnels Could Give Real Estate a Boost
Inventor Elon Musk during a town hall presentation in Los Angeles last week on the first steps of the Loop pilot project by his high-speed transit firm, The Boring Company. Credit: The Boring Co. If Elon Musk’s proposal to build a series of hyperloop...

Report: Number of Foreign-Owned Enterprises Rises in Southern California
The number of foreign-owned enterprises is rising in the Southern California region, according to a report released today by World Trade Center Los Angeles. Overall, the number of foreign-owned enterprises in the region, which includes L.A., Orange...

Developer Looks at Converting Shopping Center at Third and Fairfax to Mixed Use
A mixed retail and residential development may replace an aging shopping center at Third and Fairfax across from the Grove. The project would include partially demolishing an existing retail building in what is now known as the Town and Country Shopping...

LA Developer Arrested on Charge of Bribing County Official
Los Angeles commercial real estate developer Arman Gabaee was arrested Wednesday morning on a federal bribery charge for allegedly attempting to secure lucrative county leases by making regular payments to a Los Angeles County employee and offering to...

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