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KBS filing details REIT’s plans for Israeli bond issuance
From left: Peter Bren and 110 William Street in the Financial District From the New York website: KBS Strategic Opportunity REIT filed a public draft prospectus with the Israel Securities Authority,...
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These are the 15 biggest office tenants in LA
Metro, Warner Bros., Boeing and Disney are among the biggest tenants in L.A. The top 15 office tenants in Los Angeles County take up a whopping 18.2 million square feet of space, and healthcare giant...
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Little Tokyo residential complex nearing completion
A rendering of the Little Tokyo project Irvine-based Sares-Regis Group is finally putting the finishing touches on Wakaba LA, its $100 million mixed-use residential and retail development project in...
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Butler: Caution in hospitality industry will affect hotel development in LA
Jim Butler of Jeffer Mangels Butler & Mitchell A tone of caution in the hospitality industry will affect development nationally, said Jim Butler, the chairman of the global hospitality group at...
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Submarket Snapshot: Miracle Mile
Vacancy rates on the Westside (credit: Colliers International) Once a stealth office market, the Miracle Mile is not seeing a lot of new tenants lately. The 5.3 million-square-foot submarket saw 90,600...
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Current reader favorites: 1. Facebook signs lease for 35K sf in Playa Vista 2. Tishman Speyer to buy CNN Building in Hollywood for more than $127M 3. Invesco buys Runway Playa Vista for $475M 4. Lakers...
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LA’s KB Home reaches $23.5M settlement over construction defects
Jeff Mezger, CEO of KB Home L.A.-based homebuilder KB Home has reached a $23.5 million settlement with the Florida attorney general’s office over allegations that it delivered homes to buyers that had...
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Faith, hope and a little satire
From left: Faith Hope Consolo and “Fake” Hope Consolo From the New York website: @FakeHopeConsolo eats “deals for breakfast, tenants for lunch, landlords for dinner and sexy junior brokers for...
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Invesco shopping El Segundo office portfolio for $300M plus
Apollo at Rosencrans Real estate giant Invesco is looking to sell Apollo at Rosecrans, a large office building campus in El Segundo, for upwards of $300 million, more than five times what it paid two...
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Beyonce’s real estate agent Joe Babajian on working LA’s luxury circuit
Beyonce, the mansion at 1181 North Hillcrest she was eyeing, and Joe Babajian Luxury real estate is Joe Babajian’s forte, and the Rolodex of clientele the L.A. native has housed and de-homed over the...
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Here’s why Donald Trump is furious at Mort Zuckerman
From left: Donald Trump (credit: DonkeyHotey) and Mort Zuckerman From the New York website: Donald Trump has been tweetsulting Mort Zuckerman for three days now. He normally reserves this kind of...
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The Wrap: Banco Popular begins conversion, questions on coast’s future…and more
The Banco Popular Building in Downtown Los Angeles 1. Banco Popular Building begins residential conversion [ULA] 2. Firing leads to questions on California coast’s future [NYT] 3. Glendale may recoup...
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Submarket Snapshot: South Park
South Park saw negative absorption in the fourth quarter (credit: Colliers International) Despite being a much-hyped neighborhood, Downtown’s South Park office submarket saw its vacancy rise in the...
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Current reader favorites: 1. Joe Babajian on working with the likes of Beyonce and LA’s luxury circuit 2. Tishman Speyer to buy CNN Building in Hollywood for more than $127M 3. These are the 15...
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Johnny Galecki wants $2M for Hollywood Hills pad
Johnny Galecki and the Hollywood Hills property He’s going out with a bang. “The Big Bang Theory” star Johnny Galecki is ready to ditch his old Hollywood Hills abode now that he’s settled into the...
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Billionaire Stan Kroenke actually bought this $725 million ranch
Stan Kroenke From Luxury Listings NYC: Billionaire Stan Kroenke — better known as the owner of the L.A. Rams — just plunked down a massive amount of money to buy the 510,000-acre W.T. Waggoner Ranch in...
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The Bloc isn’t generating enough cash flow to stay afloat
A rendering of the Bloc It was the project slated to shift the center of gravity in Downtown L.A. but the financial underpinnings of the Bloc, a 1.1 million-square-foot office and retail redevelopment...
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Report: DTLA Loft and Condo sales decreased in 2015
The bottom five loft and condo buildings in DTLA based on price per square foot (credit: Loftway) With more than 12,000 luxury residential units under construction in Downtown Los Angeles, many in the...
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Is virtual reality the next big thing in sales — or is it a gimmick?
Virtual reality tours are coming to Greenland Forest City Partners’ 550 Vanderbilt From the New York website: In the sci-fi dreams of the 1990s, virtual reality headsets transported us to other worlds....
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Luxembourg entertainment firm to take entirety of Robert Herscu’s Hollywood...
A rendering of 720 North Cahuenga, an ad for Docler’s Jasmine TV, and developer Robert Herscu Well, that didn’t take long. Developer Robert Herscu of HQ Creative Space is already in contracts to lease...
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