Los Angeles

Two of the most-watched ballot initiatives were Proposition 21, which was defeated, and Proposition 15, which was losing with about 75% of the vote as of late yesterday.

Had it passed, the proposition would have allowed local jurisdictions to expand rent control.

The firm buys the Viceroy L'Ermitage Beverly Hills Hotel for $100 million, a 116-suite luxury hotel that recently completed a $37 million renovation.

In the last seven months, JLL Capital Markets has closed several manufactured home deals in Southern California and Phoenix.

The office investor is entering the industrial market and has hired Scott Word as a principal to lead the platform.

Thanks to the boom in content streaming, sound stage real estate properties are gaining increasing attention from institutional investment capital.

On its third quarter earnings call, Kilroy reported strong rent collections and a well-leased development pipeline.

Several critical details are not included in the proposition, and it would require the creation of a task force to fill in the holes.