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This week in renderings: 1020 South Figueroa, 2110 Bay Street
Shenzhen Hazens Real Estate Group's proposed project at 1020 South Figueroa Street (credit: Gensler) Shenzhen Hazens Real Estate Group's proposed project at 1020 South Figueroa Street (credit:...
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Reimagining LA’s shopping malls
1st Street in The Grove, an outdoor shopping mall owned by Caruso Affiliated. When The Grove opened in 2002, it was a breath of fresh air for Southern California shoppers — literally. After years of...
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33 live/work artist studios planned in South Central LA
3761 South Hill Street Calling all Angeleno artists — this could be your shot at cheap studio living. Plans were filed Friday for 33 live/work studio units in South Central L.A., according to city...
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Eluding the taxman: Trump received $885M in breaks, subsidies on his NYC real...
Donald Trump (Illustration by Lexi Pilgrim for The Real Deal) From the New York website: As a real estate developer, Republican presidential nominee Donald Trump has received at least $885 million in...
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AIG sells Rubix Hollywood apartment complex for $109M
Rubix Hollywood AIG Global Real Estate has sold the Rubix Hollywood, a three-building apartment complex comprising 218 rental units in prime Hollywood, for $109 million, or $500,000 per unit, according...
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With default looming, Hines looks to sell Warner Center complex
The LNR Warner Center An affiliate of real estate giant Hines is looking to sell a corporate office park in Woodland Hills’ Warner Center amid speculation of an impending loan default, sources told The...
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Douglas Emmett sells 14-story Sherman Oaks office building for $56.7M
Tower at Sherman Oaks at 14724 Ventura Boulevard and Eri Kroh of Sandstone (Credit: Ungar Law, Sandstone) Los Angeles-based Sandstone Properties just bought a Class A office building in Sherman Oaks...
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Current reader favorites: 1. Owlwood sells for $90M in year’s second-priciest sale 2. Carmel Partners cuts deal for South LA’s first high-rise 3. Is LA facing a glut of hotel rooms? 4. Wanda Group...
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Co-living operator Ollie is unconcerned with Hotel Cecil’s haunting past
Hotel Cecil and Ellen Parry New York-based co-living company Ollie will soon open its first West Coast outpost at the site of the former Hotel Cecil in Downtown Los Angeles. Simon Baron Development is...
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National home builder confidence nears pre-recession levels in September
Housing construction From the South Florida website: U.S. home builder confidence was back in spades during September, close to levels previously seen in 2005 before the Great Recession. According to...
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Lending constraints put the squeeze on L.A. developers
Work on DTLA’s Wilshire Grand From the L.A. print issue: Developers plotting to build in the hot Los Angeles market are bracing for tighter lending conditions, even for projects backed by robust...
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Izek Shomof plans 122-unit Chinatown complex
Izek Shomof and 211 West Alpine Street Developer Izek Shomof, one of the godfathers of DTLA’s renaissance, is planning a new multifamily project in Chinatown. Shomof’s Pacific Investment Group filed...
View ArticleWATCH: Inside the workshop of Robert A.M. Stern Architects
From the New York website: Speaking in the first person is taboo at Robert A.M. Stern Architects. When discussing the design process, architects at the firm will constantly use the refrain: “So,...
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SoCal home sales volume hits peak in August with 23K sold: report
A house in Mar Vista (credit: kenihandevelopment.com) Homes are selling like hot cakes in SoCal, with sale volume reaching a ten-year high in August, according to a recent CoreLogic report. Despite...
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Leonardo DiCaprio lists tiny Malibu house for titanic price
Leo DiCaprio and his home at 21844 Pacific Coast Highway (Credit: Getty, Berkshire Hathaway) It turns out Jack will let go — for a steep profit. Leonardo Dicaprio is selling his 1,765-square-foot...
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LA-based BH Properties to pay $300M-plus for land beneath three NYC hotels
From Left: 311 West 39th Street, 372 Canal Street and 8 Stone Street (inset from top: Lexington Realty Advisors’ T. Wilson Eglin and BH Properties’ Steve Gozini) From the New York website: BH...
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Current reader favorites: 1. As default looms, Hines looks to sell Warner Center complex 2. Reimagining LA’s shopping malls 3. Douglas Emmett sells 14-story building for $56.7M 4. Ollie is unconcerned...
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Mayor Eric Garcetti and the building boom
Los Angeles Mayor Eric Garcetti at the construction site of the Wilshire Grand, DTLA’s tallest tower in development, which is slated to open in 2017. From the L.A. print issue: Los Angeles Mayor Eric...
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Spoils of war: What does Brangelina own in real estate?
Angelina Jolie, Brad Pitt and their French chateau Hollywood’s golden couple may have called it quits, but the material remnants of Brad Pitt and Angelina Jolie’s 12-year union span three continents,...
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Blackstone acquires $1.5B worth of West Coast logistics centers
Blackstone’s Jonathan Gray and LBA Logistics Center at 8311 Central Avenue in Newark, California From the New York website: Betting on the continued strength of e-commerce, the Blackstone Group agreed...
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