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Blackstone now owns more than $100B in real estate
Source: The Blackstone Group From the New York site: The Blackstone Group’s real estate division passed the $100 billion mark in assets under management in the first quarter, while its earnings...
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Homelessness proposal could draw ire from neighborhoods that have fought...
(credit: limitstogrowth.org, L.A. Mayor) In the debate over Mayor Eric Garcetti’s $8.8 billion proposed budget for fiscal 2016, the issue of homelessness is front and center. Of the $8.8 billion, $138...
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Luminous Malibu house of famous architect listed for $12M
(credit: Landry Design Group) No, that’s not a well-lit nightclub. It’s the Malibu house of architect Richard Landry, which just hit the market for $12 million. The three-story residence features...
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Mar Ventures is shopping an El Segundo office building for $37.5M
1776 East Grand Avenue (credit: Google Earth) In the market for a government building? Mar Ventures is looking to sell a 33,000-square-foot office property at 1776 East Grand Avenue in El Segundo,...
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Valerie Fitzgerald on Mark Wahlberg’s house and walls made of candy
Valerie Fitzgerald She may be mingling with the stars now, but Valerie Fitzgerald is a self-made woman. A former model, she found herself jobless with a baby daughter in Los Angeles more than 20 years...
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Submarket Snapshot: Encinco’s office market in Q1 2016
San Fernando Valley inventory in Q1 (Credit: Transwestern) Encino saw the lowest vacancy rate in the San Fernando Valley in the first quarter, according to a report by Transwestern. The 3.2...
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Current reader favorites: 1. Proposed Airbnb rules call for 90-day rental limitation, steep fines 2. DTLA is second-biggest “boomtown” in the US: report 3. Submarket Snapshot: South Park’s office...
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Renters, housing officials call for greater protection from no-fault evictions
Credit: Wikipedia Creative Commons L.A. housing activists, sick of seeing renters evicted by landlords who want to redevelop their buildings, are calling for the City Council to pass tighter protection...
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Higher mortgage fees for low down payments and credit scores
From left: Fannie Mae CEO Timothy Mayopoulos and Freddie Mac CEO Donald Layton From the New York site: If you’re planning to buy a home with a low down payment, you need to be aware of some important —...
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Controversy halts construction of Runyon Canyon basketball court
Neima Khaila (credit: YouTube, whollywoodresidence.com) Construction of a controversial basketball court at Runyon Canyon Park will be halted amid complaints and a lawsuit from angry neighbors, L.A....
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Berkshire Hathaway’s Mary Lee Blaylock on aspirational pricing and moving her...
Mary Lee Blaylock and a $53 million Malibu property her company is listing Mary Lee Blaylock is the president and CEO of Berkshire Hathaway HomeServices (BHHS) California Properties. She oversees the...
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Harridge Development Group files high-rise plans for Wilshire Galleria site...
3240 Wilshire Boulevard (credit: Google Earth) Harridge Development Group submitted plans Friday for the redevelopment of Koreatown’s Wilshire Galleria into a mixed-use complex. The firm bought the...
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Sale of Runway expected to send Playa Vista land values soaring
From left: Kevin Krakower of Teles Properties, the Playa Jefferson campus Land prices in Playa Vista averaged $3.4 million an acre from 1996 to 2015, according to data from JLL. A fresh transaction,...
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Six examples of LA’s retail redevelopment boom
Old school suburban-style malls, the kind where shoppers enter a drab consumer vortex shielded from sunlight, just won’t do in La La Land. Los Angeles County is undergoing a retail center boom as...
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Submarket Snapshot: Pasadena’s office market in Q1 2016
The entrance to one of the Pasadena Towers Pasadena’s 7.6 million-square-foot office submarket saw 14.8 percent vacancy in the first quarter, according to a report by Transwestern. Its vacancy rate...
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Current reader favorites: 1. DTLA is second-biggest “boomtown” in the US: report 2. Runway sale expected to send Playa Vista land values soaring 3. Valerie Fitzgerald on Mark Wahlberg’s house and walls...
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First-time buyers struggle as housing demand outpaces a dwindling supply
Homes in Dallas, Texas (credit: Google Earth) Homebuyers, take heed — buying a home these days can be as hostile as an arms race. Though the economy is thriving with low unemployment and mortgage rates...
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Panattoni Development sells brand new Gardena industrial property
The Gardena industrial facility Global Agri-Trade Corporation, an importer and distributor of non-GMO oils, has nabbed a brand new 62,482-square-foot industrial building near Gardena from Panattoni...
View ArticleReal-life princess lists Malibu home for $3M
A photo posted by Catherine Oxenberg (@catherineoxenberg) on Aug 1, 2014 at 10:51pm PDT The Malibu real estate market is royally hot. Catherine Oxenberg, an actress from the 1980s TV series “Dynasty”...
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LA stagers are using fine art from galleries for luxury listings
Picasso painting in Thun, Switzerland (credit: Andrew Bossi, Creative Commons) Who needs art museums when you can just go to an open house? Luxury real estate agencies are now coordinating with art...
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