NEW Renderings of Farmers Field

Teamsters Joint Council 42 sold the office building at 818 S. Oak Park Rd. in Covina, CA to Reasons To Believe for $3.25 million, or about $125 per square foot. The buyer will occupy the first floor of the 26,054-square-foot property while the second floor will be a four-month sale leaseback for the Teamsters. After the lease expires the buyer will move into […]

Ranccol Ventures, Inc. sold 5620-5628 N. Rosemead Blvd. in Temple City, CA for $3.8 million, or about $270 per square foot. The buyer paid all cash and closed escrow after 30 days. 5620 N. Rosemead was built in 1949 and stands at 11,550 square feet. 5628 N. Rosemead, built later in 1954, totals 2,511 square feet. Just one of the 13 units at the multi-tenant […]

Aubery Family LP sold the industrial building located at 1901 Eastman Ave. in Oxnard, CA to Abulafia Trust for $4.2 million, or approximately $85 per square foot. The property totals 49,564 square feet and sits on just under three acres, part of the Northfield Business Park. It was originally built in 2003 and is fully occupied by a single tenant. There were […]

Ryan Eddy, Christine Deschaine, and Fred Cordova (pictured, right) have joined the brokerage team at the Beverly Hills headquarters of Kennedy-Wilson Properties, Ltd. Since the first quarter 2013, the firm has hired seven veteran brokers. Cordova and Eddy both came from Colliers International and Deschaine came from Lee & Associates. Cordova served as ex […]

This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego. DETROIT Farbman Group Promotes Gutman, Kalil By Tim Heise Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined […]

DOWNTOWN LOS ANGELES - One’s take on the activity level in Downtown Los Angeles depends on perspective. If you compare the current development scene to 2006, the height of both the real estate boom an

DOWNTOWN LOS ANGELES - For about 18 months, the Downtown Los Angeles development scene has been slowly yet steadily gaining momentum, with a combination of new projects being announced and long-delaye

DOWNTOWN LOS ANGELES - IDS Real Estate Group is courting hotel operators to anchor a mixed-use development on a 6.5-acre site bounded by Eighth, Ninth and Francisco streets and the Harbor (110) Freewa

DOWNTOWN LOS ANGELES - Work continues on a $160 million Arts District project, according to officials with Canyon-Johnson Urban Fund Investments, one of the partners in the massive development on the

DOWNTOWN LOS ANGELES - Grand Avenue project developer Related Companies is seeking financing for a 19-story apartment tower that would rise on a plot originally intended for phase two of the three-pha

DOWNTOWN LOS ANGELES - In Downtown Los Angeles, what’s old is new again. Literally.

DOWNTOWN LOS ANGELES - The city is still negotiating a development agreement with Forest City Residential West for a project on Broadway between College and Spring streets, said Monica Valencia, a spo

DOWNTOWN LOS ANGELES - Legacy Real Estate Holdings expects to complete its conversion of the long-abandoned Jeffries Banknote building at Los Angeles and Winston streets into 43 apartments in June, sa

DOWNTOWN LOS ANGELES - Construction continues on nonprofit developer Skid Row Housing Trust’s $22.3 million affordable housing project at 458 S. Main St. Designed by Killefer Flammang Architects, and

DOWNTOWN LOS ANGELES - SRO Housing Corp. is in the pre-development stage for a renovation of the 264-unit affordable housing complex at Fifth and Main streets. The company, which bought the property i