Globest Sectors

The digital age has forced many companies to reconsider where they locate their office spaces.

Its latest price is an implied $37.80 per LaSalle common share. LaSalle agreed to be acquired by Blackstone for $33.50 per share.

The company had reportedly been conducting an auction for its sale after announcing a strategic review last fall.

South FL has been the standout market for investors, and most major markets, including Chicago and NYC, have seen boosts in performance.

The city center has become one of the region's hottest residential markets.

The acquisition was funded from proceeds from a 1031 exchange.

“Buyers are attracted to new construction and gut-renovated properties when there is a PILOT program in place, and this property had a 30-year PILOT program in place already,” says Kislak's Joni Sweetwood.

We have our two candidates for the governor's seat. David Waite fills us in on how the candidates stack up on the housing issues in Los Angeles.