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News releases from L.A. Biz

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Seattle developer has 4 attainable housing projects in the works in L.A. — with ‘zero parking’
None of Housing Diversity Corp.’s L.A. projects will offer what might seem to be a must in the auto-centric city. But there’s a reason for that. 
Tags STS Construction Services Housing Market Commercial Real Estate
From Business Journals
Downtown Los Angeles office recovery paused in Q3
A new CBRE report breaks down L.A.’s CBD and East Downtown submarkets. 
Tags CBRE Group Inc Class A Commercial Real Estate CRE Brokerages
From Business Journals
Idea Hall named official ad agency for $3B ocV!BE project in Anaheim
OcV!BE is a planned 95-acre community and entertainment district surrounding the Honda Center. 
Tags Advertising & Public Relations Rebecca Hall Media & Marketing
From Business Journals
Mixed-use project in San Gabriel Valley sells to overseas investor for $39 million
The new property offers 38 apartments plus 17,000 square feet of ground-floor retail space. 
Tags Commercial Real Estate Housing Market Retail Development
From Business Journals
EVgo expands partnership with Uber, growing EV charging network with GM
EvGo and GM plan to deploy 3,250 charging stalls across the country by 2025. 
Tags Logistics & Transportation Cathy Zoi EVgo Inc/
From Business Journals
Largest Home Depot on West Coast sells for $53 million
Sunbelt Investment Holdings now owns four Home Depot locations. 
Tags Commercial Real Estate Home Depot Inc/ (The) Retail Development
From Business Journals
Historic May Company Garage in Downtown L.A. gets $10.7 million refi loan
Building owner Markwood has shared its plans for an adaptive reuse project to transform the property into office space. 
Tags Commercial Real Estate
From Business Journals
Pomona Business Park sells for $6.8 million
The buyer plans to make value-add renovations to the property. 
Tags Kevin Sandoval CRE Brokerages Commercial Real Estate
From Business Journals
Newport Beach office building sells for $64 million
The property last traded in 2015 for $72.3 million, more than $8 million more than the most recent sale price. 
Tags Rockwood Capital LLC Ryan Tucker Ocean West Capital Partners LLC
From Business Journals
Newegg leases 245,000-square-foot warehouse in Inland Empire
The computer hardware and consumer electronics company will occupy a building at Shea Center Ontario in a deal worth $26 million. 
Tags Commercial Real Estate Steve Bellitti Newegg Inc/
From Business Journals
Westin Los Angeles Airport has a new owner
A private equity firm bought the property from a well-known hospitality real estate investment trust. 
Tags Host Hotels & Resorts Inc/ Hotels & Lodging Travel & Tourism
From Business Journals
Waterford Property takes over Pasadena apartment building with plans to lower rent
Waterford Property Company has partnered with California Statewide Community Development Authority to acquire a 105-unit apartment building called Theo for $67 million. 
Tags Commercial Real Estate Housing Market
From Business Journals
Tapo Canyon Commerce Center breaks ground in Simi Valley
The Class A industrial campus will comprise 344,000 square feet across five brand-new, modern industrial buildings. 
Tags Shipping & Logistics Patrick DuRoss Stream Realty Partners
From Business Journals
Cloud9 teams with Serena Williams to launch training program
The esports organization is offering a course with Williams giving tips. 
Tickers INNO
Tags K/12 Education Serena Williams Sports Business
From Business Journals
Bridge Industrial starts construction on a 150,000-square-foot project in Santa Fe Springs
Development on Bridge Point Santa Fe Springs IV follows a complex environmental remediation and entitlement process. 
Tags Shipping & Logistics Commercial Real Estate
From Business Journals
Culver City office building sells for $56 million
The buyers previously partnered on a property in Burbank as well. 
Tags Mike Longo CRE Brokerages Commercial Real Estate
From Business Journals
Xponential Fitness to open studios at LA Fitness, City Sports Club locations
Xponential's brands include Club Pilates, CycleBar, Row House, YogaSix and Pure Barre. 
Tags Sports Business Xponential Fitness LLC Xponential Fitness Inc/
From Business Journals
HatchSpaces to develop 100,000-square-foot life sciences building in West L.A.
Developers HatchSpaces and NexCore Group say the development will be the first new construction project focusing on life science of this scale in the region. 
Tags NexCore Group Allan Glass Biotech
From Business Journals
218-unit apartment development planned for Santa Ana
EJF Capital and Toll Brothers Apartment Living have formed a joint venture to develop the Rafferty in the heart of Orange County. 
Tags EJF Capital LLC Charles Elliott Toll Brothers Inc/
From Business Journals
Recently built Inland Empire distribution center changes hands
Markham Distribution Center marks the eighth West Coast acquisition for Dallas-based Dalfen in the past seven months. 
Tags Sean Dalfen Rich Weiss Dalfen Industrial
From Business Journals
Burbank media campus sells for $24 million after conversion from industrial space
Dubbed “Digiland,” the six-building, 52,474-square-foot campus has been renovated into a flex property to serve multiple entertainment tenants. 
Tags Colliers International Group Inc/ Subordinate Voting Shares CRE Brokerages Commercial Real Estate
From Business Journals
Los Angeles attorney pleads guilty in $5.8 million investment fraud scheme
According to the government, Jones falsely claimed that he was building a resort community in Washington state. 
Tags Damian Williams Derek Jones Government & Regulations
From Business Journals
Inland Empire industrial rents jump as much as 30% as supply chain crisis hampers construction
In a vicious cycle, demand for industrial real estate is at an all-time high, but supply chain crisis is hampering completion of the very warehouses that would help relieve it. 
Tags Dan de la Paz Construction John Morris
From Business Journals
SpaceX readies next astronaut mission — plus other L.A. tech news
Plus FaZe Clan to go public, ABL Space Systems valued at $2.4 billion and Skyryse raises $200 million. 
Tickers INNO
Tags Technology Inno Aerospace
From Business Journals
Larchmont Mercantile signs first tenants
The renovation project will comprise 14 contiguous retail boutiques across 17,000 square feet of commercial space. 
Tags Commercial Real Estate Retail Development
From Business Journals
L.A. firm buys apartments near Boca Raton for $43M after condo termination
All of the units were bought out and the condo association was terminated before the property sold. 
Tags Greystone Servicing Corporation, Inc/ Housing Market Commercial Real Estate
From Business Journals
San Gabriel Valley office building sells for $28 million
Built in 1989, the building underwent an extensive buildout last year for its current sole tenant. 
Tags CRE Brokerages Newmark Group Inc/ Korda Group
From Business Journals
Entertainment, tech buoy L.A. office recovery in Q3
The region’s creative, tech and gaming sectors pushed West Los Angeles in particular toward recovery. 
Tags CRE Brokerages CBRE Group Inc Class A Commercial Real Estate
From Business Journals
Iconic Beverly Hills bank building to get makeover
Montalba Architects is restoring the 1962 building designed by Edward Durell Stone. 
Tags Architecture & Engineering Commercial Real Estate
From Business Journals
Newly renovated Amazon warehouse in Simi Valley sells for $128M
The e-commerce giant transformed former corporate offices for Bank of America to serve its warehousing and product delivery needs. 
Tags Kevin Shannon Commercial Real Estate Amazon/com Inc/
From Business Journals
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