Clik here to view.
Land in Hollywood is trading for as much as $600 psf
The Jack in the Box at 6409 Sunset Boulevard in Hollywood, on land purchased by R.D. Olson for redevelopment With $16.5 million in Hollywood land sales already recorded for 2016, there’s promise of a...
View ArticleClik here to view.
Despite slowing growth, US property values continue to rise: report
Green Street Advisors’ Commercial Property Price Index From the New York website: While property value appreciation has “slowed materially from the pace of last year,” Green Street Advisors’ national...
View ArticleClik here to view.
Frank Lloyd Wright Jr.’s Warwick Evans House relisted at a discount
Warwick Evans House at 12036 Benmore Terrace in Brentwood The Brentwood house that Frank Lloyd Wright Jr. built for cellist and London String Quartet co-founder Charles Warwick Evans has been re-listed...
View ArticleClik here to view.
Regus’ co-working division “Spaces” signs another Los Angeles lease
The office building at 730 Arizona Avenue in Santa Monica Co-working company Regus has signed a 10-year lease in Santa Monica valued at more than $23 million for its new “Spaces” division. The lease,...
View ArticleClik here to view.
Submarket Snapshot: Single-family homes in Century City and Westwood
A house at 175 Greenfield Avenue in Westwood In the combined submarkets of Century City and Westwood, 40 single-family homes traded hands in the fourth quarter for an average of $2.1 million, up almost...
View ArticleMost Popular on The Real Deal
Current reader favorites: 1. Sally Forster Jones on Chinese buyers and life after the Spelling Manor sale 2. Cadence buys Jerry’s Liquor site in Santa Monica for $10.5M 3. Frank Lloyd Wright Jr.’s...
View ArticleClik here to view.
Blackstone’s Jonathan Gray bearish on CRE
Jonathan Gray of Blackstone From the New York site: Jonathan Gray, the Blackstone Group’s head of real estate, recently joined the chorus of investors and analysts warning of an impending slowdown in...
View ArticleClik here to view.
Stockard Channing lists Laurel Canyon home for $1.88M
The Hollywood Hills home Stockard Channing’s Hollywood Hills home has come on the market for $1.895 million. The property, on Woodrow Wilson Drive near Laurel Canyon Park, is hidden behind a house...
View ArticleClik here to view.
IMT Capital closes $630M fund
Michael H. Browne of IMT Capital IMT Capital, a Sherman Oaks-based private real estate investment company with a national portfolio of multifamily properties, has closed IMT Capital Fund IV, an...
View ArticleClik here to view.
Beny Alagem wants to combine two condo projects near the Waldorf Astoria Hotel
A rendering of the Waldorf Astoria hotel in Beverly Hills Hotelier Beny Alagem wants to combine two already-approved condo projects near the under-construction Waldorf Astoria hotel into one 26-story...
View ArticleClik here to view.
John Cushman III on returning to his roots as a broker, IPO rumors and Donald...
John Cushman III and a rendering of the Wilshire Grand by Ace Martin The career of John Cushman III is about to come full circle. He got his start as a broker at Cushman & Wakefield, the firm...
View ArticleClik here to view.
Submarket Snapshot: Single-family homes in Brentwood
A property listed at 534 Crestline Drive in Brentwood (credit: the Agency) There were 52 homes sold in Brentwood in the fourth quarter of 2015, a 25 percent drop from the 69 sold in the same period a...
View ArticleMost Popular on The Real Deal
Current reader favorites: 1. Frank Lloyd Wright Jr.’s Warwick Evans House relisted at a discount 2. Sally Forster Jones on Chinese buyers and life after the Spelling Manor sale 3. Land in Hollywood is...
View ArticleClik here to view.
KBS seals Israeli bond offering at $249M
From left: 110 William Street, Peter Bren and 424 Bedford Avenue From the New York site: KBS Strategic Opportunity REIT closed its Israeli bond offering Monday after issuing nearly $33 million in debt...
View ArticleClik here to view.
Veronica Mainetti of the Sorgente Group on raising capital from Italy and the...
Veronica Mainetti and the Santa Monica Clock Tower Veronica Mainetti is the president of the Sorgente Group of America, the U.S. arm of the Sorgente Group of Rome, an Italian real estate company owned...
View ArticleJohnny Galecki sells Hollywood Hills home at a $1.5M profit
A photo posted by Johnny Galecki (@sanctionedjohnnygalecki) on Nov 4, 2015 at 1:58am PST “Big Bang Theory” star Johnny Galecki just made big bucks on his Hollywood Hills bungalow. The property sold...
View ArticleClik here to view.
Hankey and Jamison plan 644-unit tower on border of Koreatown and Westlake
W. Scott Dobbins and the development site at 2900-2949 Wilshire Boulevard in Koreatown Mid-Wilshire lender and investment firm Hankey Investment Co. and its frequent development partner Jamison...
View ArticleClik here to view.
The Wrap: Jim Belushi lists in Brentwood for $42M, Beverly Center...
The estate Jim Belushi is selling in the Hollywood Hills 1. Jim Belushi whisper lists Brentwood spread [Variety] 2. First look at the Beverly Center’s huge makeover [Curbed] 3. Producer John Goldwyn...
View ArticleClik here to view.
Submarket Snapshot: Culver City’s condos
The kitchen in a condo at 4905 Indian Wood Road in Culver City (credit: Trulia) The 20 condo units that sold in Culver City in the fourth quarter averaged $836,375. They sold for an average of $545 a...
View ArticleClik here to view.
Broker shakeup continues: Will Adams leaves CBRE for NGKF
Will Adams Commercial brokerage Newmark Grubb Knight Frank is on a poaching spree. The firm quietly hired Will Adams, who was a senior vice president at CBRE for nine years, as a senior managing...
View Article