Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Developer Plans Multifamily in Sun Valley

Developer GATA Woodley LLC has filed an application with the Los Angeles Department of City Planning to develop a vacant lot in Sun Valley for a multifamily project.

Brokers Form Apartment Advisors Team Under Marcus & Millichap Banner

Marcus & Millichap Inc. brokers Filip Niculete and Glen Scher have formed Los Angeles Apartment Advisors, a team focused on selling multifamily properties at the Calabasas-headquartered firm.

Glendale’s Onyx Complex Sells for $86 Million

An undisclosed institutional buyer has acquired the Onyx, a mixed-use property in Glendale, for $86.2 million.

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Hi-Speed Rail Slows Tutor Perini

The Tutor Perini Corp. on Wednesday reported third quarter earnings and revenue that not only were lower than last year but fell significantly short of expectations.

Valencia Landscaping Company Expands Into Nevada

Landscape Development Inc. announced that its maintenance division, Enhanced Landscape Management, has completed the asset purchase of Las Vegas-headquartered NewTex Landscape Inc.

Tejon Ranch to Build 580,000 SF Warehouse

Tejon Ranch Co. and Majestic Realty Co. have formed a new joint venture to construct a 580,000-square-foot industrial facility.

Study: Los Angeles Ranks No. 2 in Tech Office Growth

Los Angeles’ technology sector is growing — and so is the rent for tech office space, according to a recent study from brokerage firm CBRE Group Inc.

Blumenfield Concerned Over Lack of Affordable Housing in Warner Center

Since the Warner Center 2035 Specific Plan launched in late 2013, there has been a burst of multifamily development, but now a principal author of the plan wants to fix its approach to affordable housing.

PS Business Parks Sells Orange County Office Complex

PS Business Parks Inc. has completed the sale of an Orange County office park to an undisclosed buyer.

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Construction Starts on Toluca Lake Apartment Complex

Construction has begun on Frost-Chaddock Developers’ multifamily complex in Toluca Lake, where a promised five-story building with 96 units are in progress, per an Urbanize.LA report.

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Charles Dunn Co. Closes Brokerage Business

In a memo to staff and agents, Charles Dunn Co. Inc. gave notice Wednesday that the company’s brokerage business was folding.

Colliers Brokerage Team Moves to NAI Capital

A top team of Colliers International brokers has joined NAI Capital.

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Urban Fulfillment to Close Westlake Village Office, Lay Off 85

Urban Fulfillment Services LLC is closing its Westlake Village operations, resulting in the elimination of 85 jobs.

Hilton Universal City Owner Revises Expansion Plan

Sun Hill Properties Inc., owner of the Hilton Los Angeles/Universal City, have unveiled revised plans for construction of an additional tower to the hotel adjacent to the Universal Studios theme park.

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Preview: Office Extras

While a Keurig machine that perks a hot cup of coffee from pods of Starbucks’ Veranda Blend is nice, that perk is just the beginning in today’s market, as the workplace experience has become a high priority.