Top Stories From Around The Web

• Regency Centers Collects $62 Mil From San Pedro Retail Sale

  In a big SoCal retail buy, an affiliate of First Washington Realty Inc has purchased Park Plaza, a 200k sf shopping center in San Pedro, for $62 mil ($310/sf).
  RENTV.com - May 15
  
  

• Lewis Brisbois Bisgaard & Smith Inks $45 Mil Office Renewal In Downtown LA

  Lewis Brisbois Bisgaard & Smith LLP, a national, full-service law firm, agreed to a long-term lease renewal of 160k sf of office space at 221 N. Figueroa St in downtown Los Angeles.
  RENTV.com - May 15
  
  

• Associated Estates Realty Corp. To Develop Apartment Building In Los Angeles

  A parking lot on the Miracle Mile, the nickname for famed Wilshire Boulevard in Los Angeles, will provide Associated Estates Realty Corp. with an avenue to enter the Southern California market.
  CrainsCleveland.com - May 15
  
  

• Crenshaw Real Estate Development On The Upswing

  When Ken Lombard gives advice on developing inner-city real estate, it’s worth paying attention.
  IntersectionSouthLA.org - May 15
  
  

• Atlantic On The Move

  The 5600 block of Atlantic Avenue doesn’t look like much at first glance, especially if you’re zipping through at 45 mph.
  Los Angeles Times - May 15
  
  

• California Pizza Kitchen To Shift Headquarters To Playa Vista

  Restaurant chain California Pizza Kitchen Inc. will move its headquarters to Playa Vista after signing a sublease with Fox Interactive Media.
  Los Angeles Times - May 15
  
  

• Associated Estates Acquires Historic Wilshire Boulevard Property

  Associated Estates Realty Corporation (NYSE, NASDAQ: AEC) today announced that it will expand to Southern California by building apartments on Wilshire Boulevard in the highly desirable Miracle Mile…
  Cleveland.com - May 15
  
  

• Chinese Cinema Firm Is Seeking To Buy All Or Part Of AMC

  China’s biggest theater company is trying to get a foothold in the U.S. by picking up some or all of AMC Entertainment Inc., an arrangement that could further pry open the market for Hollywood f…
  Los Angeles Times - May 9
  
  

• A Canter Back To California Rancho Days

  Designed to evoke 19th century California ranchos, this equestrian estate sits behind the gates of Rolling Hills on the Palos Verdes Peninsula.
  Los Angeles Times - May 9
  
  

• Rents To Rise 10% In L.A., USC Report Finds

  The cost of renting an apartment in Los Angeles is forecast to rise 10 percent over the next two years, and foreclosures are partly to blame for driving demand and prices, it was reported today.
  Patch.com - May 9