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City Council to consider proposals to protect tenants in non-stabilized units
L.A. is one step closer to extending eviction protections for tenants who don’t live in rent-stabilized units. City Council approved a proposal Wednesday to explore a piece of policy that would...
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CoStar rival files antitrust suit to end alleged “decades-long monopoly”
CoStar’s Andrew Florance and Xceligent’s Doug Curry From TRD New York: UPDATED, 7:51 p.m., June 28: Real estate data company Xceligent filed an antitrust lawsuit against CoStar, alleging that the $9...
View ArticleThe true glory of the Wilshire Grand? You get to pee into the LA skyline
A post shared by Katherine Wiggins (@mrswiggiedoitbiggie) on Jun 24, 2017 at 5:05pm PDT It might be the Wilshire Grand’s splashiest amenity. In the men’s bathroom on the 70th floor lobby of the...
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CIM Group sells Sunset Strip complex to Korman Communities, Brookfield
8500 Sunset Boulevard (Jay Luchs) Pennsylvania-based extended stay hotel developer Korman Communities and Brookfield Property Group will buy CIM’s recently completed apartment complex at 8500 Sunset...
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Talent manager Steve Alexander scoops up Malibu pad for $5M
Steve Alexander, Bonsall Drive home (Getty Images/Google Maps) It’s out with the old — but still in with the ‘Bu — for Steve Alexander, talent manager and partner at ICM Partners, and wife Vanessa, an...
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“It’s a gross amount of money”: Scott Gillen closes on record $50M land purchase
Land at 24108 Pacific Coast Highway (Coldwell Banker) Updated Thursday, June 29, 2017 at 5:49 p.m.: Developer Scott Gillen is digging up Malibu again, but this time he’s breaking a record. The designer...
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City of LA fronts Morad Ben Neman $400K for evicted artists
Inside a loft space at 931 E. Pico Boulevard, advertised as an events venue on Yelp (Credit: Yelp) Did the City of Angels just front money to a landlord named in a federal indictment for money...
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Airbnb to launch listings website for mansions
An NYC mansion and Airbnb’s Joe Gebbia, Nathan Blecharczyk and Brian Chesky (Credit: Getty Images) From TRD New York: Airbnb is planning to launch a luxury rental website for mansions and penthouses....
View ArticleTRD‘s top stories: Starwood buys new office, SaMo turns up heat for Anbang …&...
Current reader favorites: 1. Starwood acquires El Segundo office complex for $174M 2. In wake of Anbang acquisition, Santa Monica wants to force hotels to disclose ownership 3. See ya, CEQA? It could...
View ArticleAverage Malibu renter must make quadruple LA’s median wage: report
It’s no news that Los Angeles is a pricey place to live. But, for the most sinfully unaffordable neighborhoods, look west. Using the “40x rule” — household income must be at least 40 times the monthly...
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Little Tokyo DoubleTree sold to Chinese firm for $115M
The DoubleTree hotel at 120 S. Los Angeles Street Han’s Group USA, a Chinese company, purchased the DoubleTree by Hilton in Little Tokyo for $115 million, or $264,562 per key. The deal for the 434-room...
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Deutsche Bank cannot legally turn over info on Trump’s loans, lender claims
President Donald Trump (credit: Getty Images) and Deutsche’s John Cryan From TRD New York: The battle between Deutsche Bank and Congressional Democrats over real estate loans made to President Trump...
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Planning commission votes to update South LA community plans
Construction site in Los Angeles (Getty Images) The Los Angeles City Planning Commission voted unanimously Thursday to update outdated community plans for South and Southeast L.A., a move that could...
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This week in celebrity real estate: Bey steals the news (again), Jared Leto...
Jay-Z and Beyoncé, and Tony Vinciquerra (Credit: Getty) This week on La La Land ‘s celebrity real estate scene, a pair of twins stole the spotlight. Beyoncé and Jay-Z’s new twins, that is. Their birth...
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AIRE Santa Monica condos start at $900K
Rendering of AIRE Santa Monica (Palisades) Silicon Beach is about to breathe in a different whiff of AIRE. Developer Palisades announced Friday it has launched sales at its luxury condominium project,...
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National Cheat Sheet: The Oracle of Omaha gambles on retail, Chinese...
From left, Aaron Graf, CEO of LG Fairmont, and Warren Buffett. (credits: LG Fairmont, Huffington Post) Warren Buffett invests in retail’s future This week, Store Capital Corp. revealed that Warren...
View ArticleTRD‘s top stories: Scott Gillen’s “gross” land deal, Wilshire Grand’s...
Current reader favorites: 1. “It’s a gross amount of money”: Scott Gillen closes on record $50M land purchase 2. The true glory of the Wilshire Grand? You get to pee into the LA skyline 3. CIM Group...
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HPP settles lawsuit with AIDS foundation over Hollywood office tower
Hudson Pacific Properties CEO Victor Coleman and Epic development rendering The AIDS Healthcare Foundation has settled its lawsuit against Hudson Pacific Properties over a Hollywood office development....
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The NYC July issue is live!
From TRD New York: Last month, landlord Steve Croman stood before a New York State Supreme Court judge and pleaded guilty to fraud and larceny charges. With that plea, he agreed to spend a year in a...
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Kevin Spacey sells Los Feliz compound for $11M: report
Kevin Spacey and the Los Feliz residence (Credit: Google Earth via Variety) It’s the house that “House of Cards” built. Kevin Spacey unloaded his Los Feliz home in typical Frank Underwood style —...
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