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Intercontinental buys El Segundo office complex for $328M
From left: A rendering of the building at 2175 Park Place, a part of the Apollo at Rosecrans crampus; Jessica Levin of Intercontinental Intercontinental Real Estate Corporation, a Boston-headquartered...
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Submarket Snapshot: Homes on the Sunset Strip in Q1 2016
The Sunset Strip in West Hollywood There were 81 homes that sold on the Sunset Strip for more than $1 million in the first quarter, according to a report by the Agency. Sales volume was flat when...
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Current reader favorites: 1. US property value appreciation grinding “to a halt”: report 2. Beny Alagem’s condo tower proposal will appear on ballot 3. Nine major developments under construction near...
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Chinese regulators to investigate Anbang amid real estate push
The Waldorf-Astoria (inset: Wu Xiaohui) From the New York site: China’s insurance regulator plans to investigate Anbang Insurance Group amid its recent U.S. real estate investment binge. According to a...
View ArticleIce Cube buys Jean-Claude Van Damme’s Marina del Rey home
A photo posted by Ice Cube (@icecube) on May 1, 2016 at 4:38pm PDT It was a good day for Ice Cube. He got a new pad and didn’t have to use his A.K. Last week, The Real Deal reported that actor...
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Bajillion Dollar Propertie$ riffs off Million Dollar Listing Los Angeles
(credit: YouTube) What could be better than a million dollar listing? A bajillion dollar listing, duh. And Bajillion Dollar Propertie$, a loose parody of Bravo’s reality show Million Dollar Listing Los...
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Granite Properties is buying a Glendale office building for $142M
From left: the building at 550 North Brand Boulevard in Glendale, Granite Properties’ CEO Michael Dardick After buying an office building at 500 North Brand Boulevard in Glendale for $95 million in...
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Skya Ventures buys Highland Park apartment building for $14.3M
5800-5820 Marmion Way Residential real estate firm Skya Ventures recently acquired a 60-unit apartment complex in Highland Park for $14.3 million, just in time for the opening on May 20 of a new Expo...
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You can hit threes like Steph Curry at his $4M Orinda estate
(credit: Keith Allison) All the photos are from the 2013 listing. From Luxury Listings New York: You may never shoot a basketball like Steph Curry, but if you’ve got a spare $3.9 million, you can use...
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Report claims LA rent is actually decreasing
The cities with the biggest rent increases and decreases from April to May, according to Abodo Rent is actually decreasing in Los Angeles, a new report claims. Rental rates at L.A. apartments decreased...
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A first look inside At Mateo’s creative offices
A rendering of the creative office portion of the At Mateo project at 555 Mateo Street in the Arts District. (credit: Edge Architecture and Rios Hale Clementi Studios via Blatteis & Schnur) Spare,...
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Submarket Snapshot: Homes in Beverly Hills in Q1 2016
The estate at 1187 North Hillcrest Road in Beverly Hills, listed for $135 million In Beverly Hills, the sales volume for single-family homes valued at over $1 million advanced by one third during the...
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Current reader favorites: 1. Here are 10 of the biggest proposed developments in LA County 2. Intercontinental buys El Segundo office complex for $328M 3. The Santa Monica Museum of Art is moving to...
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Securities law firm investigating Morgans-SBE deal
From left: Howard Lorber and Sam Nazarian From the New York site: A securities law firm is investigating Sam Nazarian’s planned buyout of Morgans Hotel Group and exploring “potential legal claims”...
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How to raise money in Israel: A developer’s guide
U.S. real estate players have raised more than $2.5 billion on Israel’s bond market, but getting to the finish line takes a months-long tango in unfamiliar territory (credit: Desiree Mathurin) TRD...
View ArticleKathy Griffin is in the market for a new LA house
A photo posted by Kathy Griffin (@kathygriffin) on May 3, 2016 at 1:12pm PDT These houses certainly aren’t D-List. Award-winning pop culture guru and Anderson Cooper’s BFF Kathy Griffin has been...
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The plot thickens in the Da Vinci apartment arson case
Da Vinci apartment fire in December 2014 (credit: indybay.org) A preliminary hearing in the arson case against the man accused of burning down developer Geoffrey Palmer’s under-construction Da Vinci...
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Savills Studley launches U.S. hotel investment banking platform as financing...
Cara Leonard Savills Studley is building a new U.S.-based hotel investment banking platform with a focus on securing financing for hotel projects in gateway markets such as New York, Los Angeles and...
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City Council grants amnesty to “bootlegged” apartments
Credit: Wikipedia Creative Commons Clink those glasses, because prohibition is over. The Los Angeles City Council voted Tuesday to legalize existing “bootlegged” apartments, which are the unapproved...
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LA is a top “buy” market for industrial investors: report
Rendering of an industrial development at 825 South Ajax Avenue in LA’s City of Industry (credit: Bridge Development) Los Angeles is the fourth hottest industrial market for investors in the country,...
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