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Nourmand & Associates agent ‘hijacked’ social media posts at Coachella
Rami Atherton and the Coachella festival A real estate agent has been hijacking the Instagram and Facebook feeds of Coachella revelers, Billboard reported. Nourmand & Associates agent Rami Atherton...
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CBREI buys Univision building for $102M
The property at 5999 Center Drive West in Westchester Noticias! Spanish language broadcaster Univision has sold the Westchester office building at Howard Hughes Center that houses its television group...
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The Rams just moved a lot of stuff to Los Angeles
(credit: feelthedurn.wordpress.com) Nobody likes to move. But the Rams relocation from St. Louis to Los Angeles has been especially arduous. Nearly 1 million pounds of equipment have already been...
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The biggest property in Rexford’s $191M industrial portfolio is in LA
Darla Longo and Barbara Emmons of CBRE; 16425 East Gale Avenue (credit: Google Earth) Investment trust Rexford Industrial Realty dished out $191 million last week for a nine-property industrial...
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“Sister, Sister” producer lists Beverly Hills home for $5.5M
9701 Oak Pass Road (credit: YouTube, Google Earth) Hollywood big-shot Suzanne de Passe has listed her Beverly Hills pad for $5.5 million. The Emmy-winning producer and screenwriter, who is also...
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Submarket Snapshot: South Park’s office market in Q1 2016
South Park In the first quarter of 2016, DTLA’s South Park office submarket saw 15.5 percent vacancy, according to a report by Transwestern. Its vacancy rate was lower than the 17 percent average for...
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Current reader favorites: 1. DTLA is second-biggest “boomtown” in the US: report 2. Despite new LA venues, Soho House faces cash troubles 3. Helicopter house hunting is sweeping LA’s luxury market 4....
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Proposed Airbnb rules call for 90-day rental limitation, steep fines and data...
(credit: airbnb.com) The city of Los Angeles may not be looking to ban Airbnb altogether but it’s planning to heavily regulate it. The City Planning Department released a long-awaited draft of...
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Brookfield Asset Management raised $9B real estate fund
Brookfield Place in Lower Manhattan (inset: Brian Kingston) From the New York site: Brookfield Asset Management created a new global real estate investment fund, its second, this time worth $9 billion....
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Bridge Development shells out $30M for 20-acre industrial site
Rendering of the site at 825 South Ajax Avenue (credit: Bridge Development) Development firm Bridge Development Partners has acquired a 20-acre site at 825 South Ajax Avenue in the San Gabriel Valley’s...
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Film producer John Powers Middleton wants $7M for Hollywood Hills compound
John Powers Middleton and the Mulholland Drive property A booming luxury housing market has some sellers feeling optimistic. John Powers Middleton, son of cigar magnate and Philadelphia Phillies...
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Runyon Canyon lawsuit aims to halt construction of basketball court
Runyon Canyon Park (credit: whollywoodresidence.com) The battle over a new basketball court inside Runyon Canyon Park is heating up. Residents of the neighborhood surrounding the park have filed a...
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Trump gives Lorber, Roth shout-outs in victory speech
From left: Howard Lorber, Donald Trump and Steve Roth From the New York site: Donald Trump romped to victory Tuesday in the Republican primary in New York, and in a big departure from some previous...
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For DTLA Sports Chalet, it’s “Everything must go”
2 Sport Chalet Drive (credit: Google Earth) It’s Sports Chalet no more — the West Coast sporting goods chain announced last week that it will be shuttering all 47 of its stores as its parent company,...
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InvenTrust Properties buys Stevenson Ranch shopping center for $72.5M
24917 to 24931 Pico Canyon Road (credit: Google Earth) InvenTrust Properties, a national real estate investment trust, purchased a seven-property retail plaza in Stevenson Ranch on Wednesday for $72.5...
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Submarket Snapshot: El Segundo’s office market in Q1 2016
Indoor/outdoor patio at the office Bixby renovated at 2101 El Segundo Boulevard El Segundo continues to benefit from its position as an overflow market. In recent years, tenants looking for bigger...
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Current reader favorites: 1. DTLA is second-biggest “boomtown” in the US: report 2. LA agent ‘hijacked’ social media posts at Coachella 3. CBREI buys Univision building for $102M 4. Despite new LA...
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Smells like hipster spirit: Courtney and Kurt on Eastside real estate
Courtney Smith and Kurt Wisner of Nourmand and Associates and their office in Atwater Village When you think of the names “Kurt” and “Courtney” paired together, you likely envision a troubled 90s...
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The median price for L.A. home has topped $1M
Beverly Hills If there’s a dip in the L.A. luxury market, the numbers have yet to reflect it. For the fourth consecutive quarter, the median price for a home in the greater Los Angeles area has set an...
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Urban Commons announces plans for Queen Mary makeover
The Queen Mary in Long Beach Ahoy, matey! The Queen Mary is ready to harbor in some new plans. Urban Commons, an L.A.-based investment firm, revealed Tuesday in a press release that it will assume a...
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