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Thursday, July 31, 2014

ARE's 2Q Earnings Outperform Estimates

LOS ANGELES--Alexandria Real Estate Equities reports a 2Q14 FFO of $1.19, surpassing analysts estimates by $0.01 per share, which was driven by low interest expenses.



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Glaser Weil Adds New Partner

LOS ANGELES--Joseph Brajevich joins the law firm's government and regulatory group as a partner, marking the third senior attorney to join the group this year.



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Wednesday, July 30, 2014

Foreign Investor Scoops Financial Center

GLENDALE, CA--An unnamed foreign investor buys the 122,151-square-foot Glendale Financial Center from Cambra/Angelo Gordon for $27.2 million.



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AECOM Expands Construction Business

LOS ANGELES--AECOM plans to acquire Hunt Construction Co., a company with 700 employees, nine US offices and $1.2 billion in revenues.



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Marriott Warner Center Fetches $90M

WOODLAND HILLS, CA--Laurus Corp. acquires the 16-story, 474-room hotel and plans to invest an additional $10 million in upgrades and renovations to the hotel's common areas and guestrooms.



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Tuesday, July 29, 2014

South Bay Housing Demand Outweighs Supply

PLAYA VISTA, CA--KB Homes focuses on land-constrained coastal communities for its new development, like the recently unveiled Asher and Skylar in Playa Vista, GlobeSt.com reports in this UPDATE to a previous story.



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Columbia Square Signs First Tenant

LOS ANGELES--Kilroy Realty signs a 15-year lease with NeueHouse for 93,000 square feet of radio and business buildings at Columbia Square, the mixed-use office complex currently under construction in Hollywood.



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