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LA zoning needs an overhaul, but not by way of Measure S: former planning...
Con Howe A former Los Angeles Planning Director says Measure S is a hastily drawn, poorly written ballot initiative which will have unintended ripple effects throughout the region. Speaking at an event...
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Pete Sampras sells Brentwood house to Muse frontman for $7.25M
Matt Bellamy, Pete Sampras and the home on Tuallitan Road Pistol Pete has scored another ace with the sale of his Brentwood home. Retired tennis legend Pete Sampras unloaded the property for $7.25...
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Blackstone lists 1299 Ocean for sale in Santa Monica, expects to fetch record...
1299 Ocean Avenue A division of Blackstone Group is quietly shopping a much sought after oceanfront office property in Santa Monica ― and it could sell for a record per-square-foot price, The Real Deal...
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CBRE takes over leasing at the ROW from Industry Partners
CBRE’s Jeff Pion and the Row in DTLA The developers of the Row in Downtown Los Angeles are switching up their brokerage team amid speculation of slow office leasing at the project. The developers — a...
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Runyon Group secures $47M refinancing for Platform development
Runyon founders Joey Miller and David Fishbein and a rendering of Platform (Runyon Group) Runyon Group secured a 10-year, non-recourse $47 million mortgage from Wells Fargo to refinance its hip...
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30-somethings who dig co-living are losers: Yardeni
From left: Maurice Kaufman, Laurent Morali, Ofer Yardeni, Michael Stoler and Shimon Shkury From the New York website: Ofer Yardeni, who’s known mostly as a value-add multifamily investor and landlord,...
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Monterey Station lofts in Downtown Pomona sell for $85 million
Monterey Station (Monterey Station) A mixed-use loft community in Downtown Pomona was picked up for $85 million, or $243,553 per unit, Real Capital Analytics shows. Realm Real Estate sold its stake in...
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LA City Council denies landmark status to Parker Center
Parker Center (Creative Commons) History is not being kind to the Welton Becket-designed Parker Center in Downtown Los Angeles. The Los Angeles City Council voted 10-0 on Tuesday to reject a plan to...
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Current reader favorites: 1. A zoning code can’t change its [parking] spots 2. Engine plans boutique hotel at former Arts District firehouse 3. Monday Properties to open first West coast office in LA...
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The Long View: The return of the real estate gambler
From the New York website: To get a sense of how private equity is feeling, look no further than Steve Schwarzman’s birthday parties. In 2007, near the height of the pre-Lehman bubble, the Blackstone...
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Tishman Speyer plans to turn Hyperloop One HQ into eight-story office
The property at 2159 East Bay Street and Tishman Speyer CEO Rob Speyer Tishman Speyer is planning to turn the Hyperloop One campus in the Arts District into an eight-story office building, city...
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Home of Cheryl Hines and Robert Kennedy Jr. hits market for $6.45M
Cheryl Hines, Robert F. Kennedy, Jr., and their home on Fernhill Drive (Credit: Getty, Redfin) Malibu may soon be one Kennedy short. Actress Cheryl Hines and her husband, Robert F. Kennedy Jr.,listed...
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Permits for private homes in US hit 14-month high
The townhouses at 18179 West Terra Verde Place From the New York website: Permits filed in January for private homes across the U.S. soared to the highest level seen in 14 months, according to the...
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Jason Illoulian wants to build a 9-story WeHo hotel
Jason Illoulian and a rendering of the Perry in West Hollywood West Hollywood developer Jason Illoulian has a controversial new project in the works on his home turf. Illoulian unveiled plans last week...
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Vornado pays Trump Organization millions each year
1290 Sixth Avenue, Donald Trump and Steve Roth From the New York website: As it vies for federal work and funds, Vornado Realty Trust pays the Trump Organization tens of millions of dollars each year...
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Hudson Pacific CEO says Measure S would raise HPP’s property values
Victor Coleman (HPP) Its hard to escape the debate surrounding controversial Measure S. It even snuck its way in the fourth quarter earnings call of Hudson Pacific Properties Inc. on Thursday. Victor...
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WeWork revamps company, hires former Brooklyn Bowl and Starwood execs
WeWork office space and Adam Neumann WeWork’s $17 billion business was built on the foundation that it could lease loads of office space to hungry startups across the globe. And for years, the...
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Current reader favorites: 1. Blackstone lists 1299 Ocean for sale, expects record ppsf: sources 2. CBRE takes over leasing at the ROW from Industry Partners 3. Toyota’s massive Torrance property hits...
View ArticleSternlicht cautions Trump against “overheating economy”
From the New York website: Barry Sternlicht believes President Trump should be concerned about the pace of multiple stimuli, warning that cutting taxes and increasing spending can be a “dangerous...
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West Side condo, co-op prices dipped year-over-year: MLS
The Waverly condo complex in Santa Monica at 1705 Ocean Avenue Condos prices in some parts of the West Side are headed south. Marina del Rey, Santa Monica, Beverly Center, and Venice all posted...
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