Finance
City Pushback Stalls $470MM Sale of Downtown LA’s Oceanwide Plaza Graffiti Towers Until July
A bankruptcy court hearing that would clear the $470 million sale of Downtown Los Angeles’ unfinished Oceanwide Plaza has been postponed to July...
Jamison’s 600 Commonwealth Office Tower Lands Back in Special Servicing as $30.4MM Loan Races Toward Sale Closing in Los Angeles
A $30.4 million securitized loan backing the 333,000-square-foot 600 Commonwealth office tower in Los Angeles has returned to special servicing after a forbearance...
Capital Group Buys Its 55-Story DTLA HQ at 333 South Hope for $210MM in Largest LA Office Sale of 2026
Capital Group has completed the acquisition of its longtime downtown Los Angeles headquarters at 333 South Hope Street, paying $210 million for the...
Meridian Place, a 32,000 SQFT Downtown San Diego Retail Value-Add, Hits the Market for $10.1MM
A nearly one-third-vacant retail condominium at the base of one of downtown San Diego’s premier residential towers has hit the market as a...
Goldman Sachs Teams With Apex, Archax on Blockchain-Native Fund Targeting European Residential Real Estate
Goldman Sachs has joined forces with fund servicing giant Apex Group, digital securities exchange Archax, London-based investment manager LRC Group and interoperability provider...
Cash-Flowing 22,000 SQFT Crossroads on Vermont Retail-Office Asset Hits Koreatown Market for $10MM
A fully stabilized retail and office property at the corner of Vermont Avenue and 8th Street in Los Angeles’ Koreatown has hit the...
Goldman Sachs Strategist Warns Drained Oil Inventories Will Keep Prices Elevated Long After Hormuz Reopens
A sharp drawdown in global oil inventories has left the market without its usual shock absorber, and Goldman Sachs strategist Ephraim Sutherland says...
78-Unit Orange Grove Apartments in Orange Hits the Market, Last Sold for $30MM
Orange Grove Apartments, a 78-unit all-two-bedroom community in the City of Orange that last changed hands for $30 million in 2023, has returned...
Sherman Oaks Burlington Coat Factory Trades for $11.2MM in Single-Tenant Net Lease Deal on Ventura Boulevard
A single-tenant net lease retail property occupied by Burlington Coat Factory on Ventura Boulevard in Sherman Oaks has sold for $11,225,000, underscoring continued...
CMBS Lender Moves to Take Control of Fallas Family’s 88-Unit Metropolitan Building in Downtown Los Angeles After $32MM Default
A judicial foreclosure action filed this month against the Fallas family’s landmark Metropolitan building at 449 South Broadway has put one of Downtown...
Newly Built 64,000 SQFT Simi Valley Warehouse Lists for $19MM Below Cost as Default Notice Clouds 2680 Westhills Court
A four-year-old, never-occupied industrial building on the 118 Freeway has come to market at $19 million, less than its owner paid in 2022...
Wells Fargo: Fed Poised for Extended Hold as Warsh Era Opens Amid Sticky Inflation
Wells Fargo economists expect the Federal Reserve to sit on the sidelines for an extended period as new Chair Kevin Warsh takes the...
