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Entrepreneur accused of money laundering plans hotel in Koreatown
3434 West 6th Street (credit: CoStar) Los Angeles businessman and Korean American philanthropist Moo Han Bae is planning a 45-room hotel in Koreatown, The Real Deal has learned. The four-story building...
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Submarket Snapshot: Homes in Malibu Beach in Q1 2016
Point Dume Beach in Malibu The cost of luxury homes in Malibu’s priciest district increased in the first quarter, according to a report by the Agency. There were 12 homes sold in Malibu Beach for more...
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Current reader favorites: 1. Boston Properties eyes LA as next core market: CEO 2. Rising Realty buys the Garland Center for $210M 3. Google leased the Spruce Goose hangar in Playa Vista 4. Hines is...
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House from “Father of the Bride” selling for $2M
500 North Almansor Street and a scene from “Father of the Bride” (credit: itsfilmedthere.com) (inset: Steve Martin and Kimberly Williams in “Father of the Bride,” courtesy of Touchstone Pictures) Los...
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Kushner holds increasing sway over Trump campaign: report
Donald Trump speaking in Greenville, SC (credit: Donald Trump campaign) and Jared Kushner On Tuesday night, Donald Trump gave a speech aimed at reassuring Republicans in the wake of his recent personal...
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Celebs are chopping home prices left and right
25067 Jim Bridger Road in Hidden Hills (inset: Jennifer Lopez in “The Wedding Planner,” courtesy of Columbia Pictures) Is it an indication of a stagnating luxury market? Maybe. Maybe not. What’s clear...
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Cimmarusti brothers change plans again for Chinatown Burger King
Ralph and Larry Cimmarusti and the Burger King at 469 North Grand Avenue (credit: Google Earth, Italianhall.org) Will they or won’t they? That’s the question for restaurant property owner Cimmarusti...
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Housing values push Americans’ total wealth to record $88T
From the New York website: Rising home values helped push the overall wealth of Americans to a total of $88.1 trillion through the first quarter of this year – an all-time record. A $498 billion...
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Animation studio moves from Playa Vista to El Segundo
750 Lairport Street and NGKF’s Chris Strickfaden (credit: CoStar, LinkedIn) Playa Vista just lost a tenant. Commercial animation company House of Moves is relocating from the tech-heavy neighborhood to...
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Playboy Mansion sold for $95M less than its listing price
Hefner and the Playboy Mansion The Playboy Mansion, as it turns out, sold for significantly less than its $200 million asking price. The buyer, Daren Metropoulos, paid $105 million for the five...
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This week in renderings: TheMaxLofts, Los Angeles Civic Center Park
A rendering reveals the Clarendon Street Apartments proposed by AMCAL Multi Housing Company in Woodland Hills (via Urbanize) A rendering shows Capital Foresight's plans for the loft interiors at 819...
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Submarket Snapshot: Bel Air and Holmby Hills in Q1 2016
A Bel Air spec house (credit: SAOTA) The $105 million sale of the Playboy Mansion in Holmby Hills is sure to drive up second-quarter averages in the area. But while they pale in comparison, it’s not...
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Current reader favorites: 1. Google leased the Spruce Goose hangar in Playa Vista 2. Playboy Mansion sold for $95M less than its listing price 3. Entrepreneur accused of laundering plans Ktown hotel 4....
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Advice for LA developers: Don’t hold out for highest rents: report
Petra Durnin of CBRE and the DTLA skyline Los Angeles County’s office market is in the mid to late stages of the real estate cycle, according to a new report by CBRE’s Petra Durnin and Maximilian Saia,...
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How famous interior designers would renovate the Playboy Mansion
The Playboy Mansion From Luxury Listings NYC: Earlier this week it was reported that Hugh Hefner’s Playboy Mansion – which went on the market in January for a whopping $200 million – had been snapped...
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Realty tip: “Using drones inside can be magical”
Drones and the patio of a Malibu home at 31412 Broad Beach Road (credit: Sotheby’s) Los Angeles realtors are going to great heights to sell homes these days — literally. The latest trend in luxury real...
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The Real Deal wins 12 NAREE journalism awards
The Real Deal’s haul at the 2016 NAREE real estate journalism awards The Real Deal’s editorial team won 12 journalism awards from the National Association of Real Estate Editors this year, including a...
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Young, educated workers are making cities more expensive
Rendering of SoLA Village in L.A. (credit: The Reef) Well-educated young professionals are flocking to cities at a rate not seen since the U.S. Census Bureau began tracking their migration in the...
View ArticleTaraji P. Henson of “Empire” is renting her Hills home for 12K a month
A photo posted by taraji p henson (@tarajiphenson) on Apr 20, 2016 at 5:34pm PDT Turns out you don’t need a long rap sheet and a leopard-print wardrobe to be fierce like Cookie Lyon. Taraji P. Henson,...
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VIDEO: Louise Sunshine on her roots, Donald Trump and the freedoms of consulting
Louise Sunshine and Michael Stoler From the New York website: Louise Sunshine, founder of the Sunshine Group, appeared on Michael Stoler’s “Building New York: New York Stories” on public access CUNY-TV...
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