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Commercial Real Estate news


Arbor Lodging Partners Acquires 12-Hotel, 1,313-Room National Portfolio

Monday, February 3, 2020 | 4:49 pm

Arbor Lodging Partners, a Chicago-based hotel investment and management company, has acquired a 12-hotel portfolio, which includes the Hilton Garden Inn Pasadena/Arcadia and Springhill Suites Pasadena/Arcadia. Both hotels are located in Arcadia but largely ser... More »


Apartment Building on North Michigan Sells for $14 Million

Thursday, January 10, 2019 | 2:48 pm

A building located at 165 North Michigan Avenue has been sold to a private investor for $14 million. The edifice boasts 18 one-bedroom, one-bathroom units, 24 two-bedroom, two-bathroom units, and three three-bedroom, two bathroom units — 45 apartments in all, ... More »


Altadena Office Building Reportedly Sells for $11.1 Million

Tuesday, July 17, 2018 | 6:08 pm

First City Credit Union has acquired a 55,000 square-foot modern office building in Altadena for $11.5 million, commercial real estate news outlet RenTV said in a report Tuesday. The report said the property, which was vacant at the time of the sale, was sold ... More »


Commercial Real Estate Inventory Nearly Depleted in Pasadena

Monday, March 20, 2017 | 5:21 am

Pasadena has seen steady growth in both commercial and residential property values, but the continuing demand especially for commercial rental space has resulted in available space getting hard to come by. Although office space demand statewide has flattened a... More »


Ameron Center in Pasadena Sold to Entity with Ties to Local Developer

Tuesday, August 16, 2016 | 12:05 pm

A developer with Pasadena and local area projects to his name is affiliated with an entity that just purchased Pasadena’s Ameron Center. Real estate magazine The Real Deal said Patrick Chraghchian, president of American General Contractors (AGC), is connected ... More »


Meridian Buys Medical Office Building in Pasadena for $37.5 Million

Thursday, January 28, 2016 | 6:38 pm

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of Cotton Medical Center, a 115,000-square-foot medical office complex in Pasadena, California. The sale price was... More »


Pasadena Office Building Sells for $40 Million

Wednesday, January 27, 2016 | 4:57 pm

Los Angeles-based brokerage firm CBRE Group Inc. said it has successfully negotiated the sale of the 121,000 square foot Gateway Metro Center at 3452 E. Foothill Blvd. in Pasadena. Sold for more than $40 million, the 11-story office building was sold as part o... More »


Nonprofit SVS Signs Lease at 595 E. Colorado in Pasadena

Monday, December 7, 2015 | 1:40 pm

The Swig Company announced that Social Vocational Services, a nonprofit providing services throughout California to individuals with intellectual or developmental disabilities, has signed a lease for 7,847 square feet on the second floor of 595 E. Colorado in ... More »