SANTA MONICA, CA-The land and buildings for Honda of Santa Monica change hands for just over $22 million. The dealership will continue to operate as part of the city's Auto Row.
LOS ANGELES-The Los Angeles City Council will vote today on whether Millennium Partners will be able to build a million-square-foot Hollywood mixed-use project.
LOS ANGELES-Scott Burns of Wilson Commercial Real Estate talks says the small retail entrepreneur is filling a void caused by the over-expansion of previous years.
LOS ANGELES-The Jones Lang LaSalle Seaport Outlook report shows the Port of New York and New Jersey widening its lead on Los Angeles and Long Beach harbors.
LONG BEACH, CA-Carey Watermark Investors moves its 49% interest in two waterfront hotels to its JV partner for close to $23 million. Ensemble Hotel Partners LLC will retain all obligations, including third party debt.
LOS ANGELES-The 67-unit Universal Lofts, located near Universal Studios, gets a round of mezzanine financing. The money will help convert some of the units to condominiums.
LOS ANGELES-A CBRE report finds creative office space expanding beyond media, tech and entertainment companies to law firms, real estate and financial companies. CBRE itself is adapting the concept.