Los Angeles

511K SF soundstage, office complex will rise on Santa Monica Boulevard.

Canadian firm backs out of pending sale of 47-acre site in Canoga Park.

Asking price of $263M is 40% less than replacement cost.

Bass wants to use Measure ULA funds to assist tenants with back rent.

In the face of depressed deal volumes and higher capital costs, some brokers are finding an opportunity for growth.

Amid slower NOI growth in 2023, commercial real estate owners are looking for ways to maintain or improve NOI and solar has become a great untapped opportunity to help achieve financial gains.

The Downtown office trophy is now worth $270M. It was $623M in 2021.

Rents hold steady, while occupancy declines for fifth consecutive quarter.