PulteGroup Inc. and Lennar Corp. are among eight builders buying the first 726 lots at the Great Park Neighborhoods, a residential community in Orange County, California, that has struggled to open since 2005.
Long lines of tractor-trailers filled with electronics, apparel and home-improvement goods crowd Interstate 10 through Southern California’s Inland Empire. The trucks are headed for a growing number of warehouses that are displacing the citrus groves that once dominated the area.
A proposal for Los Angeles towers as tall as 55 stories near the iconic Capitol Records building, where stars from Frank Sinatra to Taylor Swift recorded hits, is pitting a New York developer against defenders of old Hollywood.
A $1 billion office-and-hotel tower being developed by Korean Air Lines Co. in downtown Los Angeles will be the tallest building in the western U.S. upon its completion in four years, according to the project’s architect.
Jurors deciding the case of six former officials of Bell, California, charged with looting public funds begin their fourth week without a verdict as deliberations drag on as long as the one-month trial.
Robert F. Maguire III is planning a bid for the remaining Los Angeles office buildings owned by MPG Office Trust Inc., the company he helped found in 1965 and left 43 years later. The shares rose the most in eight months.
The U.S. Bank Tower in Los Angeles, California’s tallest building, will be bought by Overseas Union Enterprise Ltd. for $367.5 million as the real estate company seeks to expand beyond its base in Singapore.