Is Michael Hackman a phoenix who will rise from the ashes? He seems to think so. “We have a couple deals that we just made mistakes on, and…
Read more Michael Hackman takes the stage at WeHo conferenceSanta Monica-based Macerich has joined the parade of REITs selling off real estate, with the retail specialist dumping more than a billion dollars worth of property in the…
Read more Hsieh takes victory lap on billion-dollar mall sell-offsParking lots can be the most vanilla of commercial real estate assets, but they can be spicy when they’re at the center of a complaint about an alleged…
Read more Battle brewing over six surface parking lots downtown near LA LiveLaura Clark has led earnings calls before but Thursday’s was her first as incoming chief executive of Rexford Industrial. The call began with a pre-recorded personal note from…
Read more Elliott cleaning house at Rexford, Clark plays CEO gameSome of the usual suspects of the Southern California commercial real estate crowd chatted over breakfast burritos and coffee at a Hilton hotel in Little Tokyo on Wednesday,…
Read more Bad moon Rising: Developer takes LA to task on Measure ULA, knocks Bass on back to workThe Real Deal wrote about two deals this week that tell different but somewhat similar stories about Los Angeles’ office world: one downtown and another in Silicon Beach.…
Read more Los Angeles office sector: Downtown vs Silicon Beach tradesCity Market of Los Angeles in the Fashion District downtown is suing a tenant that owes rent — to the tune of about $340,000. City Market L.A. is…
Read more Rent drama at City Market LAKilroy Realty has made another move to reshape its portfolio, shedding another not-so-occupied property as the company faces a wave of lease expirations. The deal for the Sunset…
Read more Hankey goes Hollywood with Kilroy dealEY Plaza might have found a buyer. Morningstar Credit thinks so, the receiver says there’s no contract in place, and the brokerage is keeping its mouth shut. This…
Read more Rumblings of a deal for EY Plaza — but will it stick?Downtown Los Angeles isn’t what it used to be — and it seems no one knows that better than Brookfield, which now is looking to dispose of four…
Read more Brookfield distress roster puts 18% of LA Financial District in playThe Rexford takeover rumors seem to have traction. The industrial real estate investment trust indicated as much a couple days ago, after market close, when it announced a…
Read more Did Elliot speed up the succession plan at Rexford?Realty Bancorp Equities managing member and principal owner Norman Kravetz no longer appears on the company website. It’s unclear why. It could be related to a distressed office…
Read more Will new tenant be enough to keep receiver away from Realty Bancorp Equities portfolio?Earnings season comes with earnings calls, and one Los Angeles commercial real estate CEO this week showed how to work both ends of the expectations game that comes…
Read more Kilroy’s Aman double-ends the expectations gameFame, but no fortune? I recently wrote about two pieces of real estate that once upon a time each had a moment in the sun: A beachfront mixed-use…
Read more Claims to Eagles, Snapchat fame don’t pay the billsEY Plaza can’t catch a break, or at least its lenders can’t. It wasn’t enough for a deal to purchase the distressed downtown office tower to fall apart,…
Read more EY Plaza’s value continues to crashCommercial real estate professionals shuffled through a film set and gathered at stages five and six at the Lot at Formosa Wednesday morning — and after chatting over…
Read more Longshot gubernatorial candidate Penner makes case to commercial real estate execsOwn a hotel in Los Angeles? Then, you’re probably feeling some pain. Relevant’s Grant King is these days. A lender wants to sell the equity interests in the…
Read more Key data point in L.A. hotel sector: painThings just keep getting worse for Norman Kravetz. The Realty Bancorp Equities principal defaulted this summer on the commercial mortgage-backed securities debt connected to a five-office-property portfolio, and…
Read more Will Wells Fargo corner Kravetz on San Fernando Valley portfolio?The desolate and distressed San Francisco Centre, once a Westfield mall before its owners handed back the keys, stands in stark contrast to Unibail-Rodamco-Westfield’s outdoor shopping center in…
Read more Mall melee: San Francisco Centre versus Westfield Century CityWeeks ago The Real Deal broke the story that a deal to sell the Brookfield-owned EY Plaza to Adam Rubin and Andrew Shanfeld fell through, putting the non-preforming…
Read more What’s next for distress after dumped deals downtown L.A.?
