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 »
Pasadena-based Alexandria Real Estate Equities Inc. has purchased Bristol 61, a four-building creative office campus in Culver City for $39.15 million, according to the “L.A. Business Journal.” The Culver City office campus was reportedly purchased from Boston... More »
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 »
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 »
Alexandria Real Estate Equities in Pasadena has acquired the 5th & Bell Building in Seattle for $95 million. Alexandria bought the building from Blackstone, which acquired the building from Hines for almost $93 million, part of a larger portfolio sale less tha... More »
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 »
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 »
Alexandria Real Estate Equities, Inc. (NYSE: ARE), a real estate investment trust uniquely focused on world-class collaborative science and technology campuses in urban innovation clusters, announced today that Thomas J. Andrews, executive vice president, Grea... More »
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 »
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 »
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 »
Greystar Real Estate Partners and Canadian real estate company Ivanhoé Cambridge are pleased to announce that they are breaking ground on a new mixed-use multifamily and retail development located at 25 W. Walnut in Pasadena, California. A groundbreaking cerem... More »
