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Jumbo loans have led to fewer black and Hispanic borrowers: report
A home in Los Feliz (credit: the Agency) For bankers these days, mitigating risk is everything. That’s why jumbo mortgages, the heftier-than-average loans with stringent underwriting requirements, have...
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Submarket Snapshot: Homes in Hollywood Hills East in Q1 2016
The Hollywood Hills (image via the Agency) On the eastern side of the Hollywood Hills, 20 homes sold for more than $1 million in the first quarter, according to a report by the Agency. The average...
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Current reader favorites: 1. Pacquiao ducks out of Beverly Hills manse deal 2. Sam Zell: It’s hard not to be a seller in real estate 3. Mani Brothers to buy the Landing in Playa Vista for $80M 4....
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Zell’s Equity Residential drops revenue forecast for second time in 2016
Sam Zell From the New York site: A few days after he expressed deep pessimism about property markets nationwide, Sam Zell’s Equity Residential is again lowering its 2016 revenue forecast. The...
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Hollywood’s Redbury Hotel sells for $40.9M to Seattle investment firm
The Redbury Hotel and Sam Nazarian Seattle-based Vulcan Real Estate is just the latest out-of-state investor to bet on the Los Angeles hotel market. The company has acquired Hollywood’s Redbury Hotel...
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Megan Ellison buys $40M of contiguous properties for production company
The buildings at Keith Avenue and North Robertson Boulevard, and Megan Ellison “American Hustle” producer Megan Ellison, daughter of billionaire Oracle chairman Larry Ellison, has some serious real...
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The Agency made under $1M over 36-month period
Mauricio Umansky and Billy Rose of the Agency The Agency, a Beverly Hills-based luxury brokerage in talks to merge with Town Residential, made less than $1 million in net income in the 36 months ending...
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Small but mighty: Westwood is seeing record house sales in 2016
A home recently sold in Westwood at 1411 Woodruff Avenue and broker David Berg There are some “woods” that come to mind for uber-posh homes. Brentwood. Beverlywood. Hollywood…Hills.But lately, another...
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Dottie Herman lands on Forbes’ “richest self-made women” list
Dottie Herman What do Oprah Winfrey, Sheryl Sandberg, Beyoncé Knowles and Dottie Herman have in common? They’re among the richest self-made women in the nation, according to Forbes magazine. Douglas...
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APEC International plans apartment tower and senior complex in East Hollywood
Rendering of Swansea Village (credit: Jones & Martinez, Architects) Architectural and development firm APEC International is expanding its senior housing complex, Swansea Park, in East Hollywood....
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Runyon Canyon basketball court plan scrapped once and for all
Runyon Canyon Park (credit: whollywoodresidence.com) Alas, the controversial plans for a Runyon Canyon basketball court have finally been scrapped. The L.A. Board of Recreation and Parks Commissioners...
View ArticleThe Wrap: Celebrity homes edition: Tyra Banks, Pink and more
A photo posted by Tyra Banks (@tyrabanks) on Mar 21, 2016 at 3:23pm PDT This one might make you smize. Model cum entrepreneur Tyra Banks, who coined the term for “smiling with your eyes,” has relisted...
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Tsujita LA Artisan Noodle signs lease at Americana at Brand
Developer Rick Caruso and the Americana at Brand in Glendale West L.A. ramen staple Tsujita LA Artisan Noodle will open its first Eastside location at Rick Caruso’s shopping mecca the Americana at...
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Longtime David Letterman producer is now a big-shot broker
A house at 495 Dalehurst Avenue in Brentwood that he sold (credit: Partners Trust) (inset: Robert Morton) There’s no business like show business, but real estate apparently comes close. David...
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Santa Monica ballot initiative calls for popular vote on all projects over...
Councilmember Kevin McKeown and houses in Santa Monica (credit: McKeown, City-Data.com) The fate of new Santa Monica developments could rest in the hands of local residents if one advocacy group gets...
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JLL acquires development-consulting firm Merritt & Harris
George Ladyman and Manny Kratsios From the New York website: In the latest escalation in the arms race against rivals like CBRE, JLL’s project and development group has acquired a consulting firm to...
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Developer Michael Chang plans small lot community in Sun Valley
Rendering of Sol del Villa (credit: Smart Asset Management) Small lot homes are having a moment, especially in the San Fernando Valley. The latest neighborhood where a developer is planning a...
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LA residents are buying vacation homes…in LA
An apartment building and house in L.A. Sick of your house in the Hills but too busy to fly long distances? With deep enough pockets, here’s an option: buy another property in the same city. Instead of...
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COS is the latest retailer to occupy an old DTLA theater
COS fall 2012 line and the Olympic Theater (credit: cinematreasures.org) Historic theaters in L.A. are adopting a new function: retail. COS, the upscale sister store of fast fashion empire H&M, is...
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Done deal: Google has leased the massive Spruce Goose hangar in Playa Vista
Google CEO Sundar Pichai and the Spruce Goose hangar on the Hercules campus while it was under renovation (credit: Matt Construction) In 2014, Google spent almost $120 million on 12 acres of land...
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