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Angelenos scramble to build granny flats before City Council vote
(Credit: Home renovation hints, Getty) Angelenos are filing en masse to build granny flats before new city-wide restrictions go into effect. More than 50 applications to build granny flats were filed...
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Related makes $80M stock buy in Trump Organization’s second-largest lender
Jeff Blau From the New York website: Related Companies purchased $80 million of stock in Ladder Capital, a Manhattan-based real estate investment trust best known for issuing more than $250 million in...
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New $1.6B concourse breaks ground at LAX
Rendering of the new concourse LAX is having another growth spurt. City officials broke ground Monday on a new five-story concourse at Los Angeles International Airport Monday, the Los Angeles Times...
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Is Council member Mitch O’Farrell NIMBY enough to retain his seat?
Council member Mitch O’Farrell Council member Mitch O’Farrell’s development record has come under fire as the battle for his District 13 seat intensifies, the Los Angeles Times reported. His opponents...
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Historic status of Bob and Dolores Hope estate denied
Toluca Lake estate, Dolores and Bob Hope (John Aaroe Group/Getty Images) Linda Hope, daughter of Bob and Dolores Hope, is the winner in the battle over her famous parents’ Toluca Lake mansion. The Los...
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HPP intends to build 575K sf development on Hollywood Center Studios lot
A building at Hollywood Center Studios (via wiki) and HPP CEO Victor Coleman (via HPP) It’s really happening in Hollywood. Earlier this month, The Real Deal first reported that Hudson Pacific...
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Developers list Bel Air spec manse with $60K bathtub for $25M
Bel Air Road mansion, Tariq Jalil (Matthew Momberger and Jim Barsch/IMDb) Developer and movie producer Tariq Jalil, along with his architect partner Cain Leon of J & L Development, took a high-end...
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Zillow made 71% of revenue through controversial premier agent feature
From left: a screenshot of StreetEasy, Spencer Rascoff and a screenshot of Zillow Zillow Group is rolling out its controversial pay-to-play premier agent feature on StreetEasy Wednesday. And while it’s...
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Wilshire Grand secured nearly $61M in tax breaks from the city
Rendering of the Wilshire Grand at 900 Wilshire Boulevard As the Wilshire Grand inches toward completion, lawmakers are gearing up to funnel $60.8 million of tax incentives toward helping South Korean...
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DivcoWest closes on Glendale Plaza for just $179M
Glendale Plaza (via McCarthy Cook) and DivcoWest CEO Stuart Shiff (via kossresource) Real estate investment firm DivcoWest has closed on its acquisition of Glendale Plaza for $179 million or $391 per...
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The Long View: The Starwoodification of real estate
Hotel or office building? A WeWork in Philadelphia From the New York website: At most hotels in Manhattan, all you need to do is look at the giant “Marriott” or “Holiday Inn” sign splashed across the...
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Brian Han wants to build 77 live-work units in Ktown
614 South Westmoreland Avenue A private developer wants to build 77 live-work units in Koreatown, city documents show. Crenshaw Country Club LLC, an entity tied to investor Brian Han, filed plans...
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Garcetti “hasn’t done a damn thing” to stop collusion between politicians and...
Eric Garcetti and developer Wang Jianlin of the Wanda Group (Credit: Getty) Backers of Measure S are going after Mayor Eric Garcetti for not yet delivering on a pledge to ban private conversations...
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Onni Group picks up Glendale Center for $83M
611 N. Brand Avenue (Google Maps) Canadian developer Onni Group acquired a Glendale office building formerly owned by MPG Office of Los Angeles for $83 million, or $217 a square foot, The Real Deal has...
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Newmark is gearing up to go public – here’s how it stacks up against its...
From left: James Kuhn, Barry Gosin, Howard Lutnick (Credits: STUDIO SCRIVO and Getty Images) From the New York website: Newmark Grubb Knight Frank has been making strides in Los Angeles — it placed...
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Could Measure P kickstart development near the ports?
Warehouse No. 1, Joe Buscaino (Wikimedia Commons/Getty Images) The historic 1917 Warehouse One building at the Port of Los Angeles could be repurposed into a hotel, as city officials consider a larger...
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Boxing champ Andre Berto hits up Beverly Hills manse for $7M
Andre Berto, Beverly Hills home (MLS/Getty Images) Former World Boxing Council welterweight champion Andre Berto made the ultimate deal – picking up a Beverly Hills mansion north of Sunset Boulevard...
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Editor’s note: Cutting the red tape
Stuart Elliott From the New York magazine’s March issue: These days, everything you knew — or thought you knew — about government can basically be thrown out the window. Whether you’re in the Trump...
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Will KBS get $500 psf for DTLA’s Union Bank Plaza?
Union Bank Plaza (via KBS) Newport Beach-based KBS Realty is looking for a steep profit on a major Downtown Los Angeles holding: Union Bank Plaza. The 40-story, 627,000-square-foot office building at...
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Current reader favorites: 1. Private investor plans 127-unit complex in the Valley 2. HPP intends to build 575K sf development on Hollywood Center Studios lot 3. Wilshire Grand secured nearly $61M in...
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