A growing number of storekeepers are walking away from shops across Los Angeles County as the nation’s trade war with China deepens. The retail vacancy rose more than 2 percent last quarter to 6.1 percent from the prior period, and 10 percent from a year earlier, L.A. Business First reported,

S&P Global Ratings has dinged L.A.’s bond ratings as the city wrestles with a nearly $1 billion budget shortfall. The New York-based credit agency lowered Los Angeles’ long-term rating on its general obligation bonds to AA-, from AA, the Los Angeles Times and Westside Current reported. S&P also lowered the

Ventura Foods is moving to larger offices in Irvine, more than doubling the size of its corporate headquarters. The Brea-based food manufacturer has leased a 60,000-square-foot office hub in the Irvine Company’s Spectrum Terrace at 17800 Laguna Canyon Road, the Orange County Business Journal reported. It expects to relocate by

Greater Los Angeles has more coworking offices than any city in the nation — with more shared offices in the pipeline. The L.A. region had 304 coworking locations in the first quarter, up from 292 in the prior period, L.A. Business First reported, citing a report from CoworkingCafe, part of

A Beverly Hills home once rented by Jennifer Lopez and Ben Affleck sold on Monday for $60 million, The Real Deal has learned. The purchase price of 1028 Ridgedale Drive is down from its original 2023 ask of $85 million, but is now the year’s priciest deal in Beverly Hills,

The former Malibu home of Ye, previously known as Kanye West, topped last week’s list of signed contracts in Los Angeles County, with the Tadao Ando-designed property asking $39 million. That’s according to the Eklund Weekly Luxury Report Los Angeles from Douglas Elliman’s Eklund Gomes team, which lists homes under

A Newport Beach-based investor hit the jackpot on the data center trend, fetching $71 million from Microsoft for 300 open acres it carved off an industrial development in Nevada. Mark IV Capital, a commercial real estate-focused private equity firm, sold off the chunk of its Victory Logistics District in Fernley,

Stop me if you’ve heard this one: The Golden State barely inches past the Empire State when it comes to the relative lack of home owners. The rate of homeownership in California was 55 percent from 2022 through 2024, beating out only New York, which clocked in at 53 percent

An Orange County developer with a budding reputation for spicing up retail centers with unique mixes of tenants has landed a key main ingredient for his latest curation at Great Park Neighborhoods in Irvine. Dan Almquist has landed Vancouver, Canada-based Asian grocery chain T&T to The Canopy, a 12-acre retail

This was a week to stay on top of the headlines if you’re a Los Angeles developer. On Friday, L.A. Mayor Karen Bass issued an emergency executive order aimed at accelerating rebuilding in the Pacific Palisades by doing away with permit and plan check fees on homes destroyed or damaged