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Relevant Group reveals its $110M plan for the Morrison Hotel in DTLA
Rendering of Morrison Hotel (Relevant Group) Hotel developer the Relevant Group is not waiting (waiting, waiting, waiting) for the sun to start developing the Morrison Hotel site into a $110 million...
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Mic drop: Comedian Tig Notaro buys Larchmont Village estate
North Beachwood Drive home, Tig Notaro (MLS/Getty Images) Tig Notaro is moving on up. The stand-up comic and actress, who has appeared on a handful of episodes of the Amazon series “Transparent,” has...
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Buy your tickets to The Real Deal’s first-ever California showcase and forum
Clockwise, from top left: Steve Silk, Carl Muhlstein, Ben Becal, Sally Forster Jones, Mauricio Umansky, Beatrice Hsu, Michael Nourmand, Kofi Nartey, Jade Mills and Chris Rising We’re a little more than...
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Champion scraps resi plans in Echo Park in favor of “hipster perfection”
1485 to 1501 West Sunset Boulevard (credit: Champion Real Estate Company) Champion Real Estate Company may have ditched its plan to build lofts for hipsters in favor of restaurants that serve up...
View ArticleA serious “one-two punch” is beating back hotel development
From TRD New York: New hotel development across the country is slowing as operators feel the pinch from years of rapid growth and a flood of new supply. Hotel construction spending fell 2 percent...
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Here are the Senate measures that would impact California’s real estate industry
Graphic by Naiwen Tian California Democrats agreed Tuesday on a bill package that would mandate developers set aside a portion of their rental properties for low-income households — while also giving...
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Sustainable Santa Monica home with no AC lists for $7.4M
Georgina Avenue home (MLS) A “green” home that has no air conditioning — thanks to an architectural design that aids cooling — has hit the market, and the heat wave in Los Angeles is sure to test its...
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Witkoff and Vector bet $600M on former Fontainebleau Las Vegas site
Fontainebleau Las Vegas in 2011 with from left, Steve Witkoff and Howard Lorber From TRD Miami: The former site of the Fontainebleau Las Vegas — once aimed to be a crown jewel of the Soffers’ Turnberry...
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The construction worker shortage in California is getting even worse
(credit: Getty Images) It’s time Californians swap the fedora and snapback for the hard hat. A new survey from the Associated General Contractors of America found that 70 percent of construction firms...
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Kristen Bell and Dax Shephard snag Los Feliz home for $4.3M
Kristen Bell and Dax Shepard’s residence on Laughlin Park Drive (credit: Zillow, Getty Images) Actress Kristen Bell has a new place to get crazy with her fellow “Bad Moms.” Bell, who’s starring in the...
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David Snider pushed out as Compass CFO
Craig Anderson and David Snider From TRD New York: David Snider, Compass’ chief financial officer and one of the main architects of the brokerage’s venture-capital raising machine, is leaving the firm,...
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66% of LA construction funded through low-income credits program is built in...
(credit: Getty Images) Developers are using the Low-Income Housing Tax Credit program in poor areas like South Los Angeles — but the lack of affordable housing built in pricier areas like Beverly Hills...
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HUD announces changes on reverse mortgage program
Ben Carson in Miami (Photo by Joe Raedle/Getty Images) From TRD Miami: The Department of Housing and Urban Development announced Tuesday that it plans to make changes, including raising premiums, to...
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Continental Development nabs Torrance campus for $49M
Offices at 20770-20810 Madrona Avenue (credit: CBRE) Continental Development dropped $48.8 million on a 211,400-square-foot commercial property in Torrance, the brokerage announced Wednesday. The El...
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Robert Durst’s friend testifies his wife “mixed up” evidence about the...
Robert Durst (Credit: Getty Images) From TRD New York: A longtime friend of Robert Durst told a Los Angeles court that his wife was “all mixed up” when she provided evidence that put the real estate...
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OMG, like, totally! The Agency is opening its second Valley office
From left: Craig Knizek and Michelle Schwartz of the Agency (credit: Google Maps, The Agency) On Ventura, there she goes. She just bought some bitchin’ clothes. Frank Zappa, “Valley Girl” Residential...
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Newly formed Grifka Group is developing Downtown Culver City’s second hotel
A rending of the new West End Hotel and Leo Grifka, founder of the Grifka Group (credit: Grifka Group) Leo Grifka left HQ Creative Office earlier this year to start his own Century City-based...
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Mixed-use project planned for North Hollywood
Site for the mixed-use complex at 10821 W. Magnolia Boulevard (credit: Google Maps) A new project could be headed to North Hollywood. Plans filed on Tuesday call for a mixed-use development at 10821 W....
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Kor Group nabs Custom Hotel in Westchester for $33M
Custom Hotel at8639 Lincoln Boulevard (credit: Google Maps) Kor Group is ordering up room service and footing a bill worth $33 million. The Venice-based firm acquired the boutique Custom Hotel in...
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Icon Company releases renderings for massive $150M Panorama City project
A rendering of the 8.9-acre development at Panorama City (credit: Hochhauser Blatter) The Icon Company is looking to make its mark in Panorama City. New renderings reveal the $150-million mixed-use...
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