Port of Long Beach scoops up offices in city’s downtown with first-of-its-kind $36M purchase

The Port of Long Beach snapped up a downtown Long Beach office tower as vacancies climb to record levels, and values continue to slide. The port authority acquired the 13-story office building at 100 Oceangate, across the street from its headquarters, for $36 million, the Los Angeles Times reported.

Hyundai-linked firm inks one of South Bay’s largest leases this year

An international advertising agency with ties to Hyundai inked one of the South Bay’s largest leases of the year.  Innocean USA committed to 100,000 square feet at 888 Douglas Street in El Segundo, the Los Angeles Times reported. The decommissioned airplane manufacturing plant was converted to offic

If You’re Into Heavy Metal, Here’s a Cor-Ten Steel Cabin in Joshua Tree for $1.9M

Designed in 2007 by Michael Rotondi, the rugged residence brings in big views of the desert landscape—and it’s just a mile from the national park.Location: 63131 Rocking Chair Road, Joshua Tree, California Price: $1,850,000 Year: 2007 Architect: Michael Rotondi Footprint: 1,845 Square Feet (2 Beds,

On the block?: FivePoint phases Candlestick for sell-off as resi market moves

Before new homes you need roads, and FivePoint Holdings is about to spend a nine-figure chunk of its own capital as the firm prepares to carve San Francisco’s southeasternmost plot into something resembling a neighborhood.  Next month, FivePoint Holdings will break ground on Candlestick, the 270-acr