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430 units planned for USAA-owned plot near Arts District
Center Street lot, Len O’Donnell (Google Maps/USAA Real Estate Co.) The development boom in the Arts District is causing neighboring areas to see new projects. Plans for a large mixed-use project at...
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Sam Zell speaks out against growing wave of “very dangerous” anti-immigration...
Sam Zell and protesters calling for an end to the travel ban in Washington D.C. (Credit: Getty Images) From the New York website: Sam Zell thinks the wave of anti-immigration sentiment is “very...
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Blink-182’s Travis Barker lists Los Angeles pad for $4.7M
Travis Barker and his LA home (credit: Twitter, Zillow) Say it ain’t so…he’s ready to go. Blink-182 drummer Travis Barker has listed his four-bedroom home in Los Angeles’ Cheviot Hills neighborhood for...
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Nestlé will exit LA, leaving almost 400K sf vacant
800 N. Brand Blvd, Paul Grimwood (JLL/LinkedIn) Swiss food company Nestlé S.A. is saying goodbye to Glendale, and leaving a large chunk of vacant space in its wake. The company announced Wednesday that...
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Parking operator L&R plans 52-story DTLA tower
1600 S. Figueroa St. rendering, Nathan Cohen (Gensler/L&R Group of Companies) L&R Group of Companies, a Downtown Los Angeles operator of parking facilities led by Nathan Cohen, filed plans with...
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DivcoWest is in advanced talks to acquire Glendale Plaza for $200M+: sources
Glendale Plaza (via McCarthy Cook) and DivcoWest CEO Stuart Shiff (via kossresource) Glendale’s real estate community is reeling from the news that Nestlé, long headquartered in the city, will be...
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HPP is in advanced talks to acquire Hollywood Center Studios for roughly...
A building at Hollywood Center Studios (via wiki) and HPP CEO Victor Coleman (via HPP) “I’m unstoppable — I’m a Porsche with no brakes,” Sia sings on her latest album, in what might as well be Hudson...
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Current reader favorites: 1. Thomas Feng of Oceanwide on Chinese buyers in DTLA 2. Mayor Garcetti sounds off against Measure S 3. A multifamily boom is born 4. Owen Fileti on tech’s real estate...
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Charlie Kushner’s redemption
Charlie Kushner (Illustration by Edward Kinsella) From the New York issue: When real estate broker David Falk’s father died in the fall of 2013, he and his family sat shiva at his Westchester home for...
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Chinese investment funds nab majority stake in Ratkovich’s Alhambra complex
Wayne Ratkovich and the Alhambra A partnership led by the Ratkovich Company and American International Group has sold a majority stake in the Alhambra, its 45-acre mixed-use office campus in Downtown...
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Trump to sign order rolling back Dodd-Frank regs
Steven Mnuchin and President Donald Trump (Credit: Getty Images) From the New York website: Continuing his flurry of executive actions since taking office, President Donald Trump is expected to sign an...
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Vermont Triangle poised for revamp with new planters
The Vermont Triangle The long-awaited redesign of the Vermont Triangle in Los Feliz has been finalized after months of public outreach. The park — once a street median which attracted homeless...
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Gehry protégé on setting up shop in Inglewood before it was cool
Christopher Mercier (via (fer) studio) Working for Frank Gehry is many an architects’ dream. It was a reality for L.A.’s Christopher Mercier for 15 years of his career. “It was very hard to leave,”...
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Morad Ben Neman’s Beverly Hills home hits market for $15M
The house on Linden Drive (Zillow) A five-bedroom Beverly Hills home owned by Morad Ben Neman, a real estate investor who was indicted for allegedly money laundering for the Sinaloa drug cartel, has...
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Immigration ban will damage RE market: sources
People protesting the immigration ban and the NYC skyline, including 432 Park Avenue (Credit: Getty Images) When Solmaz Sharif, founder of the New York Persian Cultural Center and a broker at LG...
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LA’s “breakeven horizon” among highest in nation
Rent vs. buy (via shouldiretireyet.com) Buying, as opposed to renting, is getting increasingly expensive –and especially so in Los Angeles. It took over four years and two months of homeownership for...
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Onni Group plans 509-unit live-work complex in Arts District
Onni president Rossano DeCotiis and the site at 2143 Violet Street (Credit: UDIPacific, Google Earth) Vancouver-based Onni Group is wasting no time ahead of the Measure S vote in March. It filed plans...
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Amber Valletta makes $3.4M profit on SaMo home
Amber Valletta, Santa Monica home (Getty/Elisabeth Halsted) Fashion model turned actress Amber Valletta is taking her act out of Santa Monica. Valletta sold her Spanish style home on 16th Street last...
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GPI buys West LA Macy’s for $50M
GPI founder Cliff Goldstein and the Macy’s at 10730 Pico Boulevard (Credit: GPI, CoStar) The Macy’s on Pico Boulevard in West Los Angeles may be the latest casualty of big box stores’ downsizing. An...
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Moroccan prince sells Beverly Hills estate for $12.5M
Beverly Hills home (MLS) A piece of Moroccan royalty is off the market. The Beverly Hills home owned by Moulay Souleimane Cherkaoui, son of Princess Lalla Malika of Morocco, sold last week for $12.5...
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