Alena Botros

Los Angeles

Reporter at The Real Deal

Articles

Brookfield offloads distressed office tower in DTLA for $210M

2 days ago | therealdeal.com | Alena Botros |Abigail Nehring

Brookfield Properties offloaded another Downtown Los Angeles office tower for less than the debt tied to the property. Uncommon Developers bought 601 S. Figueroa Street for $210 million, or $201 per square foot, in an off-market sale, according to a spokesperson for Colliers, which represented the buyer.
Hudson Pacific CEO notches $25M last year as company’s losses mounted

6 days ago | therealdeal.com | Alena Botros

Hudson Pacific Properties chief executive Victor Coleman, raked in about $25 million in 2024, roughly three times the total compensation he received a year prior, according to the company’s latest proxy statement filed April 23. In 2023, Coleman made around $8 million. His base salary was unchanged at $1 million, but his cash bonuses and stock awards increased.
Hudson Pacific CEO gets threefold compensation boost despite firm’s ballooning losses

1 week ago | therealdeal.com | Alena Botros

Hudson Pacific Properties’ chief executive received a substantial compensation boost last year as the company experienced mounting losses. The Los Angeles real estate investment trust’s head, Victor Coleman, raked in about $25 million in 2024, roughly three times the total sum he received a year prior, according to the company’s latest proxy statement filed April 23. In 2023, the chairman made around $8 million.
Jamison scores $220M financing package for newly built Koreatown apartment building

1 week ago | therealdeal.com | Alena Botros

Jamison Properties has nailed down a $220 million loan package to refinance the construction debt and provide cash for the Opus, a newly completed apartment building in Koreatown. Commercial mortgage banking company BWE arranged the financing from New York Life Real Estate Investors, BWE announced. The deal includes a $205 million five-year, interest-only senior loan and a $15 million floating-rate mezzanine loan that’s co-terminus with the larger senior loan.
Hoteliers sound the alarm on looming distress

1 week ago | therealdeal.com | Alena Botros

The Los Angeles City Council voted in favor of increasing the minimum wage for hotel workers to $30 an hour by 2028. Now it heads to Mayor Karen Bass. If she signs, more distress could follow. Los Angeles’ hotels suffered throughout the pandemic and haven’t totally recovered. Revenues are flat and operating costs are swelling. Plus, an earlier piece of legislation capped the amount of floor space housekeepers can clean.
Los Angeles hotel executives warn distress to follow wage hike

2 weeks ago | therealdeal.com | Alena Botros

The Los Angeles City Council will hold a final vote on a proposal to increase minimum wage for hospitality workers to $30 an hour by 2028 on Friday, May 23. If it passes, which most expect it will, and Mayor Karen Bass signs it, distressed hotel sales and skittish investors and developers could follow. “I’ve never seen so many hotels on the market right now, and none of them are selling,” Hotel Angeleno owner Mark Beccaria said.
Tesla Re-ups, Feds Dumping Courthouse, New TV Studio Coming

2 weeks ago | therealdeal.com | Alena Botros

The richest man in the world may have moved Tesla’s headquarters out of California, but the electric carmaker’s presence in the Golden State lives on. Tesla renewed its Santa Monica lease for a two-story, 82,000 square-foot industrial building on Colorado Avenue. Daum Commercial Real Estate Services Brokers Michael Collins and Dustin Hullinger represented the landlord, Thompson Properties.
RSM chief economist: ‘Recession will start on the docks of Los Angeles’

1 month ago | cryptostudent.io | Alena Botros

[[{„value”:”A tariff-induced recession may begin in Los Angeles before metastasizing: The administration’s trade policies will result in rising prices and unemployment among supply-chain related workers, which will eventually push the economy into recession territory, according to RSM chief economist Joseph Brusuelas. Still, while the tariffs appear to threaten both parts of the central bank’s dual mandate, the Federal Reserve is expected to leave interest rates untouched Wednesday.
RSM chief economist: 'Recession will start on the docks of Los Angeles'

1 month ago | fortune.com | Alena Botros

A view of the Port of Los Angeles on May 2. Allen J. Schaben / Los Angeles Times via Getty Images
‘Recession will start on the docks of Los Angeles’

1 month ago | finance.yahoo.com | Alena Botros

A tariff-induced recession may begin in Los Angeles before metastasizing: The administration’s trade policies will result in rising prices and unemployment among supply-chain related workers, which will eventually push the economy into recession territory, according to RSM chief economist Joseph Brusuelas. Still, while the tariffs appear to threaten both parts of the central bank’s dual mandate, the Federal Reserve is expected to leave interest rates untouched Wednesday.