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Can’t pay up: Payless Shoes may shut down 1,000 stores
Inside an NYC Payless store (Credit: Getty Images) From the New York website: Discount shoe purveyor Payless Shoes is considering shuttering some 1,000 stores to deal with its $600 million debt load....
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A title giant is quietly developing a big stake in California’s brokerage...
John Aaroe, William Patrick Foley (John Aaroe Group/Kobrand Corp.) A big kahuna in the title insurance industry is taking a more aggressive crack at the brokerage business, and industry sources say its...
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Here’s what LA’s $10M-$30M investment sales market looked like last week
609 Prospect Avenue and 3801 East Foothill Boulevard In the world of mid-market L.A. investment sales last week, Maryland-based Federal Realty Investment Trust acquired a 15-acre retail plaza in...
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Goldie Hawn and Kurt Russell sell long-time Pacific Palisades home for $7M
Kurt Russell and Goldie Hawn (Credit: Getty) Looks like Goldie Hawn and Kurt Russell didn’t go overboard this time. The longtime Hollywood couple recently sold their Pacific Palisades home for $6.9...
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Christie’s is moving its LA office to Beverly Hills
Rendering of new Christie’s office (wHY) London auction house Christie’s wants to hang even closer to its Los Angeles constituents. The company is preparing to move its L.A. office from Century City to...
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Hines sells 5 LNR Warner Center buildings to Oaktree Capital for $235.5M
A building at LNR Warner Center and Oaktree CEO Jay Wintrob (via Hines, Oaktree) Buildings in Warner Center are selling like hotcakes. First, Starwood sold its two Warner Center buildings to a...
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Steve Mnuchin confirmed as Treasury Secretary
Steve Mnuchin (Getty) Former Hollywood financier, board member of bankrupt firm Relativity Media and Goldman Sachs partner Steve Mnuchin has been confirmed as the nation’s Treasury Secretary. The U.S....
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These are LA’s hottest submarkets for new residential projects
Data from L.A. City Planning (Credit: Lexi Pilgrim) UPDATED, Feb. 14, 9:15 a.m.: In 2016, developers filed 281 new projects with Los Angeles city planning, calling for nearly 36,000 residential or...
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Current reader favorites: 1. Title giant quietly developing stake in CA’s brokerage biz 2. Goldie Hawn and Kurt Russell sell Palisades home for $7M 3. Hines sells Warner Center buildings to Oaktree for...
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A zoning code can’t change its [parking] spots
Parking lot attendant Pedro Munoz at Joe’s Auto Park at the corner of Los Angeles and Second Streets in Little Tokyo. (Gina Ferazzi, Getty Images) How much does parking cost in Los Angeles? For one...
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In Trump we trust
From left: Donald Jr. and Eric Trump (Credit: Getty Images) From the New York website: During a heated press conference right before the inauguration, then President-elect Trump said he was stepping...
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Monday Properties to open first West coast office in LA
Philip Cyburt, former CEO of Laurus Corp. Who cares if Monday’s blue when you’re in sunny Los Angeles? Monday Properties, a landlord and investment firm based in New York, is taking on the West Coast...
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Engine Real Estate plans boutique hotel at former Arts District firehouse
The property at 710 South Santa Fe Avenue and Engine president David Walker UPDATED, 3:20 p.m., Feb. 14: Engine Real Estate is planning to tranform its first ever asset, a firehouse near Warner Music...
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Santa Monica Airport might stay open after all
Ed Bolen, Santa Monica Airport (NBAA/Mcclave, Flickr) The planes at Santa Monica Airport won’t be flying away for good just yet. A collection of aviation trade groups and airport tenants asked a...
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TV lawyer’s Marina del Rey house hits the market for $3.75M
John Larroquette and his Marina del Rey home on Union Jack Mall For $3.75 million, you could live like a five-time Emmy winner. Veteran TV star John Larroquette recently listed his Marina del Rey home,...
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Yellen says more interest-rate hikes may be on the horizon
Janet Yellen (Credit: Getty Images) From the New York website: More interest-rate hikes may be on the way if inflation keeps rising and labor markets continue to tighten. Federal Reserve Chair Janet...
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Airbnb has $3B in capital and it wants to go deal-shopping
Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky (Credit: Getty Images) From the New York website: Airbnb’s got $3 billion burning a hole in its pocket. The home-sharing site is...
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Urban Commons wants to raze Korean BBQ restaurant for senior housing project
Ilcha KBBQ (Yelp/Ilcha) There could be one less whiff of Korean BBQ scenting the air in Koreatown, if a developer’s plans are approved. Urban Commons filed plans with the city Tuesday to demolish Ilcha...
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Current reader favorites: 1. These are LA’s hottest submarkets for new residential projects 2. Playboy manse owner’s brother is buying Trousdale estate for $65M 3. A zoning code can’t change its...
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Large affordable housing complex planned for Skid Row
The site at 554 South San Pedro Street A behemoth affordable housing complex may be coming to Skid Row. Plans were filed Tuesday for two multifamily buildings comprising 407 units plus 12,300 square...
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