Two value haircuts and a discounted sale. That’s the news out of a distressed Los Angeles office sector.    Let’s start downtown, where it hurts the most.     The 21-story Wedbush Center was recently...

Big titles, turnover and dysfunction. Malibu’s revolving door of key staffers could be cause for concern as the community faces recovery from two massive fires. Former Planning Director Richard...

The debt backing an office complex in Marin County is facing imminent default as the property owner works to sell the property.  The loan, tied to Hamilton Landing in Novato, was transferred to...

Beverly Hills could soon arrange for a major financing boost for the $5 billion One Beverly Hills redevelopment in Beverly Hills. The Beverly Hills City Council on Aug. 19 will consider authorizing...

A nine-story Pasadena office tower traded hands at a discount. Swift Real Estate Partners sold the property to GD Realty for $31.5 million, Omid Broukhim, who represented the buyer, said. The buyer...

Fear of God founder Jerry Lorenzo and his family are ready to cut ties with their Los Feliz residence after snapping up a new pad elsewhere in Los Angeles. The upscale streetwear designer listed 2401...

A San Francisco-based developer has completed its acquisition of former government property in Menlo Park.  Presidio Bay closed its $137 million purchase of Rockaway Grove, a 17-acre office campus...

Northmarq is coming to the aid of Advanced Real Estate with a nearly $110 million refinancing deal.  The Irvine-based landlord secured a $109 million debt package to refinance three apartment...

Compass’ Russell Grether has been helping his mother-in-law rebuild her Malibu home destroyed in 2018’s Woolsey Fire. After seven years, she’s in the finishing stages and is likely going to be done...

A Beverly Hills property once owned by developer Rick Caruso has traded hands for $47.5 million. The sale of the seven-bed, 15-bath home at 912 Benedict Canyon Drive was inked in late July and...

The Park Central Apartments in Concord sold to a New York-based landlord at a discount just as a mortgage on the property came due.  Abacus Capital Group purchased the 259-unit apartment complex at...

Hudson Pacific Properties is ready to redevelop a 169,000-square-foot void left by the National Football League.  The Los Angeles-based firm is moving forward to transform an office campus in Culver...

The  Santa Monica Clock Tower is playing for time. Rockwood Capital-owned building at 225 Santa Monica Boulevard–once the city’s tallest skyscraper,has landed in special servicing and was recently...

After Opendoor’s stock experienced a remarkable surge in late July, new investors anxiously awaited the company’s earnings announcement on Aug. 5.  Their expectations landed with a thud. The earnings...

The Waterfront Market at Ruston building and an accompanying parking garage in Tacoma have gone back to one of the project’s original lenders.  American United Resource Company III, an Oregon-based...

A penthouse snagged a new record price per square foot in East Williamsburg.  The condo at 28 Herbert Street sold for $3.1 million, or $1,925 per square foot, according to documents reviewed by The...

A family saga is one step closer to a finale. Mark Harounian notched a win in his legal battle with the sister who sued him a decade ago.  Mehrnaz Homapour claimed her brother duped her into signing...