Ktown single-family lots could become 32-unit complex
Kian Investment LLC is the latest player in the Koreatown development boom. The entity, registered under Benhoor Elyashar and possibly associated with U.S. Auto Parts co-founder Sol Khazani, filed...
View ArticleClik here to view.
UK real estate funds slowly resume trading post-Brexit
London skyline From the New York website: U.K. private real estate funds that halted trading after Britain’s June vote to leave the European Union are returning to the market. Columbia Threadneedle...
View ArticleClik here to view.
The battle continues: One Beverly Hills developer creates its own rendering...
A rendering commissioned by the “No to HH” campaign of the 26-story tower proposed by developer Beny Alagem in Measure HH It’s not everyday that a developer commissions a rendering of a competitor’s...
View ArticleMost popular on The Real Deal
Current reader favorites: 1. Netting the highest-flying agents 2. A look at LA County’s 10 most distressed properties 3. If passed as is, EB-5 bill could see RE deals crumble 4. Q&A with architect...
View ArticleClik here to view.
Massage app Soothe brings Souferian’s 1800 North Highland to 100% leased
Behzad Souferian and the building at 1800 North Highland Avenue in Hollywood L.A.-based Souferian Group, helmed by Behzad Souferian, no longer kneads your business. The landlord just closed a...
View ArticleClik here to view.
Cocktail king lists Westside home for $7M
Jason Lev’s home at 9621 Arby Drive Jason Lev, the owner of the famed Silver Lake cocktail bar Tenants of the Trees, may soon be toasting a big profit on the sale of his home. Lev is selling his...
View ArticleClik here to view.
La Vie Boheme no more, US housing data suggests
(Credit: Terner Center/Jed Kolko) Sunny days are ahead for middle-class American households. Fewer renters and homeowners were cost-burdened in 2015 than in previous years, according to an analysis of...
View ArticleClik here to view.
The Closing: David Lichtenstein
David Lichtenstein (Photo by Larry Ford) From the New York September issue: David Lichtenstein is the CEO of the Lightstone Group, a Manhattan-based real estate firm with a $2 billion portfolio that...
View ArticleClik here to view.
Dining with the stars
Moby’s Little Pine, an organic vegan nonprofit restaurant. From the L.A. print issue: Los Angeles is serving up a new role for celebrities and their quasi-celebrity counterparts: restaurateur....
View ArticleClik here to view.
Carmel Partners cuts sweet-as-caramel deal for site of South LA’s first...
Carmel Partners CEO Ron Zeff and a rendering of the project at 3321 South La Cienega Boulevard It’s been a long time coming. Multi-family developer Carmel Partners doled out almost $111 million for the...
View ArticleClik here to view.
Pico landlord wants to swap apartments with condos
Apartments currently at 1237 South Holt Avenue A 14-unit apartment complex in West Los Angeles may soon give way to 34 condos. Private property owner Davoud Kobaei has filed a vesting tentative tract...
View ArticleMost popular on The Real Deal
Current reader favorites: 1. LA’s $340M futuristic new courthouse awaits judges 2. Wanda Group creates rendering of competitor’s project 3. A look at LA County’s 10 most distressed properties 4. DTLA’s...
View ArticleClik here to view.
Owlwood Estate sells for $90M in year’s second-priciest resi sale
The Owlwood estate (via Douglas Elliman), Bob Shapiro (via BusinessWire), Sonny and Cher (via Getty Images) The second priciest residential sale of the year just closed in Holmby Hills — and the...
View ArticleClik here to view.
Council member calls for development in the oldest part of LA
Councilmember Jose Huizar and parking lot 2 for El Pueblo de Los Ángeles park (Credit: ParkMe) One of L.A.’s historic monuments may be getting a more modern neighbor. DTLA Council member Jose Huizar is...
View ArticleClik here to view.
Fashion mogul’s Beverly Hills custom home listed for $44M
Charles Park’s Beverly Hills custom home A Beverly Hills custom home designed by fashion mogul Charles Park has been listed for $43.9 million. Park, whose fashion labels include Pure Sugar, Sugarlips,...
View ArticleClik here to view.
Jamison plans yet another multi-family development on its home turf
Jaime Lee and the parking garage at 633 South Western Avenue Jamison’s multi-family development binge shows no signs of stopping. The Koreatown landlord has filed plans for a 132-unit mixed-use...
View ArticleClik here to view.
Barry Sternlicht wouldn’t invest in WeWork
From left: Barry Sternlicht and a WeWork space From the New York website: Barry Sternlicht doesn’t understand why people invest in WeWork at its current, $16 billion valuation. “Why would you go to to...
View ArticleClik here to view.
Is LA facing a glut of hotel rooms?
A rendering of the lobby of the Waldorf Astoria being built in Beverly Hills. From the Los Angeles print issue: The Los Angeles hotel market isn’t huge by comparison with that of New York or Chicago,...
View ArticleClik here to view.
HelloGiggles says hello to Onni’s 600 Wilshire
600 Wilshire Boulevard and Zooey Deschanel HelloGiggles, the media brainchild of America’s favorite Manic Pixie Dream Girl Zooey Deschanel, signed a seven-year lease for half the penthouse floor of a...
View ArticleClik here to view.
Is the big real estate tech merger wave right around the bend?
From the New York website: Common’s acquisition last week of the room-listing site Skylight wasn’t exactly marquee news. Common, which runs three co-living buildings and has raised $23.3 million in...
View Article