Shomof Group
Izek Shomof Files to Convert 19-Story, 400,000 SQFT Glendale Office Tower Into 312 Residential Units
Prolific adaptive reuse developer acquires 101 N. Brand Boulevard at a 54 percent discount from its 2016 sale price, betting on residential demand...
Shomof Group Files to Convert 480,000-SQFT Landmark Square Office Tower Into 391 Residential Units in Long Beach After $50MM Acquisition
The proposed adaptive reuse of the 24-story tower at 111 West Ocean Boulevard follows a 63 percent price markdown and joins a growing...
Los Angeles Office Market Slows Further as Vacancy Hits 16% and Sales Volume Falls 59%
Leasing drops to 2.6 million square feet while average rents hold at $3.48 per square foot The Los Angeles office market closed 2025...
Shomof Group Acquires Long Beach’s 460,000 SQFT Landmark Square for $50MM at 63% Discount in Distressed Office Market Sale
Landmark Square sale underscores persistent challenges in California’s post-pandemic office market In a transaction that highlights the continuing distress in California’s commercial office...
Beacon Capital Sells 410,000 SQFT Glendale Office Tower for $58.8MM
In a move that underscores the state of Southern California’s real estate market, developer Izek Shomof has acquired a 19-story office tower in...
Chartres Lodging Acquires LA’s Lüm Hotel in $57.2MM Deal for Sports District Repositioning
Los Angeles-based real estate firm Shomof Group has sold the Lüm Hotel, a 179-room boutique hotel located in Inglewood, for $57.2 million ($319,553...
200-Unit Project Planned for Panorama City Moves Forward
By The Registry Staff A 200-unit residential project planned for Panorama City is moving forward. During a recent meeting with the Los Angeles...
