Los Angeles may be a city that thrives on Hollywood illusion, but when it comes to high-end real estate, we are the real McCoy. Some of the most expensive homes in the country listed for sale in 2010 are located here. In this price range, there are no comps, no recent sales by which to [...]

Klorman Construction Inc. has begun work on a massive addition to the Tom Bradley International Terminal at Los Angeles International Airport. The Woodland Hills company recently announced it had been awarded a subcontract worth about $35 million to complete the concrete structure of a seven-story, 665,000-square-foot building known as Bradley West. The terminal addition has [...]

As far as receivership deals go, the $43 million sale of 416 on Broadway, a 115-unit multifamily building at 416 E. Broadway in Glendale, managed to come without too much litigation. It’s a lesson that cooperating and negotiating can sometimes be more efficient than courtroom wrangling, said Taylor B. Grant, principal of Newport Beach-based California [...]

Public Storage Inc. looks like it’s weathered the worst of the real estate recession, so the company is about to increase rental rates and expand through acquisitions as the economy improves. Glendale-based Public Storage is the nation’s largest owner of self-storage rental units for homeowners, apartment dwellers and small businesses. The market is confident that [...]

A plan to sell and lease back 11 state-owned office properties to help bridge California’s $19 billion budget gap has taken a twist, with one of two final proposals more akin to pawning the buildings than selling them. A unique proposal from the California Municipal Finance Authority and a Boston private investment firm amounts to [...]

Businessman C. Frederick Wehba Sr. has spent fours years and $65 million building perhaps the most conspicuous mega mansion in Los Angeles County. And now that it’s almost finished, he doesn’t want to live there. Wehba, founder of Century City real estate company Bentley Forbes Group LLC, earlier this month put his Beverly Hills house [...]

In one of the year’s largest San Fernando Valley industrial leases, growing baby products company Munchkin Inc. has signed a 10-year deal for 313,000 square feet in Van Nuys. Sources with knowledge of the Van Nuys submarket said the deal was worth about $15 million. Munchkin, based in North Hills, is leasing the space at [...]

You could forgive Thomas Barrack if he’s got a severe case of déjà vu. The real estate investor, who made a name for himself buying distressed loans during the savings and loan crisis, is once again snapping up bad assets at dirt-cheap prices. Sure, this go-around isn’t exactly like the early 1990s. For one, banks [...]