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WeWork will go public: Neumann
Adam Neumann From TRD New York: WeWork’s CEO Adam Neumann confirmed that the co-working company plans to go public, but cautioned it has still to decide when and where to list its shares. Speaking at a...
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Proposed Armenian American Museum could get $3M boost from Gov. Brown
Rendering of Armenian American Museum (Armenian American Museum) California lawmakers moved to secure funding for Glendale’s proposed Armenian American Museum, which is slated for the corner of...
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Irvine developer plans condo complex in Ktown
The site at 500 S. Oxford Avenue An Irvine-based developer wants to build a 89-unit condo complex in Koreatown, according to city documents. Sang Hoon Chung, under the entity Fred & Jamison LLC,...
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Inglewood stadium investor purchases distressed former Rams HQ for $15M
Rendering of Bespoke Culver City (Harbor Associates) The investor behind the Los Angeles Rams’ $2.6 billion stadium development in Inglewood is now betting on the team’s old digs. Stockbridge Capital...
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Here’s what Amazon’s purchase of Whole Foods means for the future of retail
Whole Foods and Amazon’s Jeff Bezos (Getty Images) From TRD New York: When Amazon announced its headline-grabbing deal to buy Whole Foods on Friday, the $13 billion question the real estate world asked...
View ArticleTRD‘s top stories: Blackstone looks to sell, Paul Allen’s club not so pricey...
Current reader favorites: 1. Blackstone looks to sell Miracle Mile office 2. Microsoft co-founder Paul Allen’s private Hollywood club is not very expensive 3. Long Beach residents file suit against...
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Everything you need to know about Blackstone’s Los Angeles selling spree
Jonathan Gray (Getty) Blackstone Group’s Miracle Mile office tower is the second L.A. trophy office the firm has listed in a two-week span — and it’s only the latest leg of the real estate investment...
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City official confirms that WeHo’s James Hotel will become 1 Hotel
Barry Sternlicht at the opening of his 1 Hotel Brooklyn Bridge (Credit: Getty) West Hollywood City Manager Paul Arevalo confirmed that CIM Group’s Sunset | LaCienega hotel project will be branded as a...
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LA is the most unaffordable city in US: report
A homeless man on Skid Row (Credit: Getty) L.A. is the most unaffordable city in the United States for both renters and buyers, according to a new report from the UCLA Anderson School of Management....
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LA County median home prices surpass pre-recession peak
Open house signs (Getty Images) The median home price in Los Angeles County has surpassed its pre-precession peak, according to a recent study by CoreLogic. The median price hit $560,500 in May, a 6.8...
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Government releases crucial EB-5 data – but beware, it could be full of flaws
US Immigration Fund’s Nick Mastroianni and Related’s Jeff Blau From TRD New York: The United States Citizenship and Immigration Services issued three years of EB-5 visa data this week, confirming what...
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NYC developer launches $500M investment fund to buy hotels across the country
Tribeca Associates’ Mark Gordon and the Baccarat Hotel and Residence at 20 West 53rd Street From TRD New York: Sensing an opportunity in existing hotels that could earn more with just a few tweaks,...
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Forever the bridesmaid: Are listings that linger doomed?
Estate at 1677 N. Doheney Drive, listed last week for $44M (Hilton & Hyland) Listing a home in Los Angeles with a sky-high price tag? Expect one of two things to happen. Either there will be a...
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Anthem lists 26-acre plot of land in Warner Center
21555 Oxnard Street (Google Maps) Anthem Blue Cross of California, a subsidiary of healthcare giant Anthem Inc., is listing a massive plot of land that surrounds its office building at 21555 Oxnard...
View ArticleTRD‘s top stories: Blackstone’s LA selling spree, former Rams HQ sold in...
Current reader favorites: 1. Everything you need to know about Blackstone’s Los Angeles selling spree 2. Blackstone looks to sell Miracle Mile office 3. Inglewood stadium investor purchases distressed...
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Julia Roberts scoops up third Point Dume home for $3.9M
Julia Roberts and the home on Zumirez Drive (Credit: Getty, MLS) It’s no Notting Hill, but Julia Roberts seems to be taken with Point Dume. The actress, along with her husband Danny Moder, bought her...
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Prologis finds replacement tenant for American Apparel’s La Mirada warehouse
The warehouse at 16400 Trojan Way and Collier’s Chris Sheehan Pour one out for American Apparel. San Francisco-based Prologis, the owner of the retailer’s former worldwide distribution center in La...
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Ocean West, Fortress nab Burbank office building for $40M+
2901 W. Alameda Avenue (Credit: Google Earth) A joint venture between Ocean West Capital Partners and Fortress Investment Group acquired a Burbank office building at 2901 W. Alameda Avenue from...
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Casting call: Here’s who should portray the RE players in a “Liar’s Ball” film
(Credit: Getty) From TRD New York: After the praise — and laughs — Alec Baldwin received for his portrayal of President Trump on this past season of “Saturday Night Live,” it’s hard to imagine few...
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WeHo condo owners get a pass on mandatory seismic retrofitting
Sierra Towers (Sierra Towers) Seismologists project a major earthquake is in the cards for Southern California. Whether it happens this week or in 10 years, West Hollywood condominium owners have a...
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