Mercedes‑Benz will close its Long Beach R&D campus this year, starting phased moves July 6 that will affect at least 72 jobs. The company is consolidating work in Atlanta.

Colossal Properties has listed a newly built Brentwood spec at 1210 Chickory Lane for about $34M, promising Getty and ocean views plus a 60‑ft infinity pool. The 13,210‑sq‑ft house is pitched to buyers after turnkey, entertainment‑scale amenities.

Kilroy says NeueHouse stopped paying rent in September 2024 and now seeks more than $5M tied to the Columbia Square lease, with June hearings pending.

Hilton Los Angeles Airport wrapped a $50M renovation of its 1,234 rooms, converting many to two‑queen layouts and upgrading bathrooms and in‑room tech ahead of the World Cup.

Irvine Company is converting an 842-space garage near Fashion Island into a five-story, 184-unit apartment building at 800 San Clemente Drive; the expansion is expected to finish in 2028.

Redcar handed three Euclid Street creative-office parcels to Bank OZK after a construction loan matured and went past due. The lender flagged a charge-off and is marketing the asset while weighing whether to take title.

A longtime Glendale Acapulco will close after 57 years as the city approved demolition for a two‑story self‑service car wash, prompting petitions and an appeal option.

A six‑story, 214‑unit affordable housing project called Colorado Grand Oaks is proposed at 2155 E. Colorado Blvd as design tweaks head back to Pasadena’s Design Commission.

B.A.G. Investment paid $40 million for Parc @ 5, a 104‑unit apartment complex in Downey. The acquisition adds another sizable multifamily asset to Southeast Los Angeles County.

Jeff Franklin is renting his 21,000-square-foot Beverly Hills estate on Cielo Drive — the same plot where the Tate murders occurred — for $247,500 a month.

Gateway Place is a proposed six-story, 134-unit affordable building across from Ted Watkins Park in Watts, aimed at veterans and featuring courtyard and rooftop amenities.

A renovated Point Dume compound tied to Sergey Brin and Nicole Shanahan is being marketed as a $175,000-a-month summer rental with Little Dume beach access.

A 52-unit Encino complex sold for $28 million to Universe Holdings, underscoring strong demand for stabilized rental buildings in the San Fernando Valley.