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Blackstone sells Universal City office building for $36M
3330 Cahuenga Boulevard and Blackstone global head of real estate Jonathan Gray The Blackstone Group unloaded a Class A office building in Universal City for $36 million to a joint venture between 4M...
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Riza Aziz contests seizure of his Beverly Hills home, claims innocence in...
Riza Aziz and Red Granite co-founder Joey McFarland (Credit: Getty) Riza Aziz, co-founder of the production firm behind “The Wolf on Wall Street,” is contesting the feds’ attempt to seize several homes...
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Singapore investor buys L.A. corporate housing firm
Howard Ruby, Oakwood sales and service office (Oakwood) West L.A. extended housing company Oakwood Worldwide has a permanent guest in its quarters. Singapore development company Mapletree Investments...
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Better know a lobbyist: NAR power broker Jamie Gregory
Jamie Gregory (NAR) From the New York website: The National Association of Realtors is not only the largest real estate lobbying force on the Hill, but one of the largest lobbying groups period. A...
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Today in micro-filings: small apartments planned for Koreatown, North Hollywood
Darryl White of TDC Pacific Properties and the site at 203 North Oxford Avenue The vote on Measure S may be just around the corner, but Los Angeles developers are going about business as usual. In...
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Warren Buffett not quite in LA, but definitely leaving the OC
Emerald Bay home, Warren Buffett (Getty) Billionaire investor Warren Buffett has yet to shack up in Los Angeles, but he is looking to make a hefty return on a profit in nearby Laguna Beach. The...
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Airbnb paid $200M for Canadian rival: report
From left: Airbnb’s Joe Gebbia, Nathan Blecharczyk, Brian Chesky and Luxury Rentals’ Joe Poulin (Credit: Getty Images) From the New York website: Airbnb bought the Canadian short-term luxury rental...
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Assembly bill could put brakes on slow-growth ballot measures
California homes, Assemblymember Miguel Santiago (Getty/Twitter) Decades of ballot measures in Los Angeles and across the state have sought to curb development. The so-called “ballot box planning”...
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Oh Snap — the millionaires are coming
Illuminated Venice sign at Venice Beach (Credit: Getty) Snapchat is about to become every West L.A. realtor’s favorite app. The upcoming IPO of Snap, the parent company of the popular messaging app, is...
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Banks backing away from apartment projects
A construction laborer working on the site of a new residential building in Hudson Yards (Credit: Getty Images) From the New York website: Banks are shying away from financing new apartment projects as...
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CIM Group doubles down on Sunset and Gordon
CIM co-founder Shaul Kuba and a rendering of 6007 Sunset (Credit: Shubin + Donaldson via Urbanize) CIM Group might have run into problems with its rental tower at Sunset Boulevard and Gordon Street,...
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Wanda Group runs into hurdles with Dick Clark Productions acquisition
Wanda Group chairman Wang Jianlin (Credit: Getty) Chinese conglomerate Wanda Group, the company behind a controversial plan to build a hotel and condos on Wilshire Boulevard, has hit a roadblock in its...
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Billionaire Tom Barrack is building himself a massive Bel Air mansion
Bel Air mansion, Thomas Barrack Jr. (Google Maps/Getty Images) Thomas Barrack Jr., chief executive of private equity firm Colony Capital and a close friend of President Donald Trump, is building a...
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Nile Niami’s latest spec home asks $100M
The spec house at 1175 Hillcrest Road (Credit: Jim Bartsch) From Luxury Listings NYC: How many spec homes asking nine figures can one city handle? Quite a lot it turns out. A spec home asking $100...
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Rexford Industrial scoops up Valencia property for $17M
28901-03 N Avenue Paine, Rexford Co-CEO’s Howard Schwimmer and Michael Frankell (Google Maps/Rexford Industrial) Investment trust Rexford Industrial Realty acquired an industrial property in Valencia...
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CityView sells South Bay apartment for $75M
Solimar Apartments, CityView CEO Sean Burton (Solimar/CityView) Investment and development firm CityView announced Tuesday that it sold its development Solimar, a luxury apartment complex in...
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Alo Yoga founder buys Beverly Hills house from Bebe founder for $30M
The home on Delfern Drive and Alo apparel (via MLS, Alo) Here is yet another sign that athleisure is taking over Los Angeles. Manny Mashouf, the founder of clothing store Bebe, has sold his Holmby...
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Legislators call for more scrutiny on Chinese investment in US
A 2011 photo of downtown Miami’s skyline (Credit: Lonny Paul) and the Chinese flag (Credit: Daderot) From the South Florida website: Following a record year of Chinese investment in the U.S.,...
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Current reader favorites: 1. Japanese firm snags 20% stake in CIM 2. NIMBY group sues over Gehry-designed WeHo project 3. HPP CEO says Measure S would raise company’s property values 4. Oh Snap — the...
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“Magic Mike” creator sells house in the Hills for $2.3M
Reid Carolin and his house on Hollyridge Drive It’s the house that “Magic Mike” built. A Mediterranean-style Hollywood Hills home owned by Reid Carolin, the creator of the hit movie starring a scantily...
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