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Luxury magazine chairman is selling Malibu beach house for $15M
Bill Curtis and his Malibu home at 31454 Broad Beach Road (credit: Editor at Large, Movoto) It’s a wine lover’s dream. Bill Curtis, the former executive and current vice chairman of the Robb Report,...
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Montana Avenue Capital Partners snags another South Bay office building for $17M
Montana Avenue Vice President Steve Elson and the building at 19701 Hamilton Avenue (credit: Montana Avenue, CoStar) Santa Monica-based investment firm Montana Avenue Capital Partners has acquired a...
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Compass to launch LA new dev division on heels of Hana Cha hire
Hana Cha and Morgan Ball Real estate brokerage upstart Compass is set to launch its west coast new development platform, after poaching two members of the Agency’s new development team, The Real Deal...
View ArticleDespite slip in confidence, US homebuilders remain optimistic
From the New York website: Tiny hiccups in morale aside, American homebuilders will keep calm and carry on. Homebuilder confidence for the single-family market decreased one point to 59 (out of a...
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WeWork slashes profit forecast by 78%, bemoans firm’s “spending culture”: report
Adam Neumann and a WeWork space in Chelsea (Credit: WeWork) From the New York Website: WeWork cut its profit projections earlier this year by a whopping 78 percent, according to a leaked document that...
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HGTV’s “Property Brothers”: There’s no secret to success in real estate
Drew and Jonathan Scott (photo credit: Mingle Media TV via Wikicommons) From the New York site: In a recent interview, HGTV stars the “Property Brothers” shared advice that some would-be investors may...
View ArticleMeghan Trainor has nabbed a Toluca Lake mansion for $4.9M
A photo posted by Meghan Trainor (@meghan_trainor) on Jul 8, 2016 at 1:16pm PDT Grammy-winning pop singe Meghan Trainor has purchased a 6,700-square-foot mansion in Toluca Lake for $4.9 million in an...
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Current reader favorites: 1. Rodeo Drive store sells for recordbreaking price 2. Investors plan to build 147 new apartments in DTLA 3. Geoff Palmer is Trump’s biggest donor 4. Vantage to sell Playa...
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Airbnb will begin collecting the hotel tax from its hosts in LA
Attendees at a city forum on short-term rentals (credit: Roy Samaan) Short-term home rental platform Airbnb will start collecting lodging tax from its hosts under a three-year deal with the city of Los...
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Fed more likely to raise rates in September: report
Daniel Tarullo and Janet Yellen From the New York website: The Federal Reserve is warming up to the idea of raising interest rates in September. The Fed raised its benchmark federal funds rate in...
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California real estate leaders foresee topping off in commercial market: survey
Rhonda Diaz Caldewey California real estate professionals believe that the ongoing commercial property boom is showing signs of slowing, according to a new survey by UCLA. The outlook for retail and...
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Co-working company nabs 27K sf at ROW DTLA in Arts District
A rendering of the ROW in DTLA DTLA’s co-working craze has claimed another office space. Shared workspace provider Real Office Centers has inked a 15-year lease for 27,000 square feet at ROW DTLA,...
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Karl Case, co-creator of the Case-Shiller index, dies
Case and the latest Case-Shiller index (credit: S&P, Wellesley) Karl Case, an economist who pioneered the study of housing bubbles and co-created the influential Case-Shiller home prices index,...
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Controversy swirls around Equity Residential’s proposed DTLA tower
Equity CEO Sam Zell and a rendering of the Beacon Updated, Tuesday, July 19, 6:32 p.m.: Equity Residential has run into a snag. More than a year ago, the Chicago-based firm drew up plans for a 33-story...
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Charlie Puth is already seeking profit on Hollywood Hills lair
Charlie Puth and the house he is selling at 6640 Whitley Terrace (via Charlieputh.com and Shooting LA) It’s been barely seven months since Charlie Puth tweeted,” All moved into my new house!!” But the...
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The $642M renovation of Tarzana Medical Center includes 292K sf expansion
Providence Tarzana chief executive Dale Surowitz and the conceptual plan of the site As part of its $642 million renovation, the Providence Tarzana Medical Center has plans to expand by nearly 292,000...
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Current reader favorites: 1. Blackstone to go public with country’s largest home landlord 2. Compass to launch LA new dev division after Hana Cha hire 3. Rodeo Drive store sells for recordbreaking...
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Investor buys Jackie Collins’ estate and Al Pacino’s home for combined $30M
Collins, her home and Al Pacino from “Scarface” (inset: c/o Universal Pictures) This deal has some romance and some action. Real estate investor Ben Nehmadi has nabbed two Beverly Hills properties for...
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Feds ready to seize $1B in assets linked to Malaysian fund
Riza Aziz and the Park Laurel at 15 West 63rd From the New York website: Federal authorities are getting ready to seize more than $1 billion worth of assets purchased with money from a scandal-plagued...
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Anti-mansionization measures receive green light from Planning Commission
Council member Paul Koretz (credit: Facebook) The Los Angeles Planning Commission has voted to approve proposed changes to the city’s so called “mansionization” rules. The changes would close loopholes...
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