Alena Botros

A retail spot on Melrose traded hands for $29 million, or a very-pricey $7,250 per square foot for the building, records reveal. The deal for 8800 and 8804 Melrose Avenue in West Hollywood, which is occupied by luxe French fashion house Jacquemus, comes out to $3,050 per square foot for the lot.

Gabi Franco leads development, value-add — plus more SoCal commercial real estate shakes at Colliers, Stream Realty Partners

A Superior Court of Los Angeles County judge appointed a receiver at the request of special servicer LNR on behalf of lender Natixis and CMBS holders. An entity of the family behind the bankrupt discount retailer Fallas “is financially incapable of curing defaults,” LNR said in a court filing. The court appointed Robert Warren as receiver, according to the mid-July order.

The late-June deed was signed by Lincoln's Parke Miller, who runs the company's Orange County real estate. The buyer is an entity connected to Danny Sooferian and Ramin Saghian, who appear to be Los Angeles real estate investors.

Kilroy was through the worst of its 2026, million square feet of lease expirations . The REIT only had another 300,000 square feet left, and they were mostly leases that were less than 50,000 square feet. But it's never too early to think about next year … when another million square feet are set to expire.

Netflix, star tenant at his Hudson Pacific Properties, could be planning an exit from studio and office space portfolio with a looming billion-dollar maturity

More former Matt Mahan real estate donors are now backing Xavier Becerra after their first choice for California governor failed to advance to the runoff — the latest is the Sobrato family, a Silicon Valley development dynasty.

The late-July contribution — which is the max an individual person or entity can give directly to a candidate for the general election in the California governor race — to Becerra's campaign came from Irvine Management Company. That is the broker behind Bren's Irvine Company Apartment Communities entity.

Tibor Kelemen's outfit defaulted on an $80 million loan on two 10-story office towers connected by a glass atrium in Orange County. It owes its lender, Claros Mortgage Trust, about $106 million, according to a notice of default and election to sell dated late-June.

Victor Coleman's Hudson Pacific Properties posted a $105 million loss for the second quarter — worse than the $53 million loss last quarter and the $83 million loss in the same period last year — but it isn't all bad news for the studio and office owner.