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Department stores must close 800 mall locations: Green Street
The Macy’s store in Herald Square From the New York site: Major department store chains might soon be closing hundreds of locations at malls across the country, if they follow the advice of Green...
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TV power couple sells DTLA penthouse at $2M discount
The Ritz-Carlton, Los Angeles (credit: Google Earth) Television power couple Burt Sugarman and Mary Hart just sold their gigantic DTLA penthouse for $6.7 million. The Ritz-Carlton residence sold at a...
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“Salem” producer sells modern Malibu bungalow for $3.5M
6315 Gayton Place (credit: IMDB, Sotheby’s) TV producer Tricia Small just sold her Malibu residence for $3.5 million, after it spent a year on the market listed at $3.7 million. According to property...
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Campaign video reveals Robert A.M. Stern tower Beny Alagem is trying to entitle
A rendering of the condo tower proposed by Beny Alagem, behind the under-construction Waldorf Astoria (credit: Beverly Hills Garden & Open Space Initiative) A campaign video by Beny Alagem’s...
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Submarket Snapshot: Downtown Long Beach’s office market in Q1 2016
The office complex at 100 West Broadway in Long Beach The 4.3 million-square-foot office market in Downtown Long Beach saw 18 percent vacancy in the first quarter of 2016, according to a report by...
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Current reader favorites: 1. Six examples of LA’s retail redevelopment boom 2. Sale of Runway expected to send Playa Vista land values soaring 3. DTLA is second-biggest “boomtown” in the US: report 4....
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The Agency scopes out New York City brokerage Town Residential
From left: Mauricio Umansky, Billy Rose and Joseph Sitt From the New York site: New York brokerages Douglas Elliman and Compass recently made moves in La La Land. But could one of Beverly Hills’...
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Long Beach Civic Center, a $520M public-private partnership project, reaches...
(credit: Plenary-Edgemoor Civic Partners) Something big is a brewing over in Long Beach. The city, along with the Port of Long Beach, has closed financing on a $520 million deal for the Long Beach...
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Ben Bacal of Rodeo Realty on house tours by drone and that divorce video
Ben Bacal and the subject of the divorce video listing: the house at 6654 Emmet Terrace (credit: Rodeo Realty) While it was no “Lemonade,” a high-production video about a troubled marriage made viral...
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Another Mo Ostin home hits market for $6M
Mo Ostin and the Pacific Palisades home A Pacific Palisades home owned by Rock and Roll Hall of Famer Mo Ostin has come on the market for $5.9 million. The property, on Villa Woods Drive, has been in...
View ArticleActor Don Cheadle lists Venice house for $2.5M
A photo posted by Miles Ahead (@milesaheadfilm) on Mar 25, 2016 at 8:09am PDT Who knew acclaimed actor Don Cheadle had a soft spot for flipping houses? The prolific performer, who appeared in movies...
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Equity Residential buys Hollywood residential complex for $98M
1710 North Fuller Avenue (credit: Google Earth) Chicago-based real estate investment trust Equity Residential recently acquired a 298-unit apartment complex in Hollywood for $98 million, or $328,859...
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Apartment complex planned near Monrovia station
Rendering of Monrovia Station (credit: Foothill Gold Line) A 261-unit multifamily development has been proposed for a site adjacent to the new light rail station in Monrovia at 228 West Pomona Avenue....
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GK Development buys former Benihana in Beverly Hills for $20.5M
38 North La Cienega Boulevard (credit: Google Earth) UPDATED, 5:30 p.m., April 26: GK Development recently bought the shuttered Benihana restaurant in Beverly Hills for $20.5 million, or $2,852 per...
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Submarket Snapshot: Century City’s office market in Q1 2016
The courtyard at 10250 Constellation Boulevard in Century City Century City’s 10.5 million-square-foot office submarket saw 130,625 square feet of positive absorption in the first quarter of 2016,...
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Current reader favorites: 1. Runway sale expected to send Playa Vista land values soaring 2. Campaign video reveals Stern tower Beny Alagem is trying to entitle 3. First-time buyers struggle as demand...
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JPMorgan’s Playa Vista complex is up for sale
12121 and 12181 Bluff Creek Drive (credit: Google Earth) JPMorgan is shopping its Playa Vista creative complex, a duo of five-story buildings at 12121 and 12181 Bluff Creek Drive. Measuring a total of...
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Watt Plaza closes $33 million worth of new leases
Watt Plaza at 1875-1925 Century Park East (credit: Watt Companies) Watt Companies has signed 75,000 square feet in new leases at Century City’s Watt Plaza, the company announced Wednesday. The deals,...
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So long, housing crisis?: Low number of foreclosures shows healthier market
Foreclosure sign (credit: Wikimedia Commons) From the New York site: The United States is finally seeing the light at the end of the tunnel when it comes to home foreclosures. The number of properties...
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Here’s why NYC’s housing price growth is falling behind the West Coast
From the New York site: Housing in the U.S. has become a two-speed market – and New York is stuck in the slow lane. The S&P/Case-Shiller Home Price Index for New York City grew a mere 2.2 percent...
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