Los Angeles commercial real estate is seeing a wave of shifts, from executive stock sales at Rexford Industrial Realty to high-profile office relocations and studio debt defaults. Former Rexford co-CEO Michael Frankel has sold over $3.5 million in company shares in recent months, while PricewaterhouseCoopers has confirmed a move from downtown to Century City. Meanwhile, … Read more
Jamison is pursuing legal action against tenants at its City Center on 6th mall in Koreatown for alleged unpaid rent, even as the firm works to stabilize its broader real estate portfolio. According to court filings, the landlord claims Handhin Pocha owes $71,250 and a clothing store, Moii, owes approximately $27,000. These filings coincide with … Read more
Downtown Los Angeles commercial real estate saw a flurry of activity this week, headlined by 601W’s acquisition of the Wells Fargo Center’s North Tower and the Los Angeles Department of Water and Power’s $92.5 million purchase of 865 South Figueroa Street. These transactions, alongside a new foreclosure filing on the Metropolitan building, underscore the ongoing … Read more
The race for the California governor’s office is seeing a significant influx of capital from the real estate sector, with gubernatorial hopefuls Matt Mahan and Steve Hilton both drawing from high-profile property backers. Steve Hilton, the former Fox News host, has recently received a contribution of just over $39,000 from Dave Dollinger of Silicon Valley-based … Read more