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Douglas Emmett in contract to buy SaMo building from Blackstone for $140M
Searise Office Tower at 233 Wilshire Boulevard (Credit: Loopnet) Blackstone Group is selling a nine-story Santa Monica office building to Douglas Emmett for $139.5 million, or about $1,082 per square...
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Are mid-level food options the sweet spot for DTLA’s Financial District?
The building at 7th and Flower, with the pickup window indicated by the arrow, and Colliers’ Gabe Kadosh In a deal that could signal the reanimation of the patchy retail mix around 7th and Flower...
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UPS inks $44M lease at Compton’s Brickyard
Rendering of the Brickyard on Central Avenue UPS loves logistics — especially when it’s run out of one of Compton’s largest warehouses. United Parcel Service just signed a lease for 525,400 square feet...
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Current reader favorites: 1. Are the days of sprawl over for LA? 2. Mayor Eric Garcetti and the building boom 3. With default looming, Hines looks to sell Warner Center complex 4. Silicon Beach keeps...
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Obama hopes to change America through upzoning
Midtown East and Barack Obama From the New York website: It’s not every day that real estate developers find themselves in agreement with the Obama administration. On Monday, the White House released a...
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Ktown Hotelier wants to build 252 apartments on Olympic Boulevard
The site at 3170 West Olympic Boulevard A Koreatown hotelier is planning to build a 252-unit apartment complex on the block bound by Olympic Boulevard, Serrano Avenue and Hobart Boulevard, according to...
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Release the hounds: Attack email targets Compass, alleging number fudging and...
A screenshot of the presentation (Inset from top: Robert Reffkin and William Gilbert) From the New York website: Forget Decision 2016. The real estate world is dealing with its own version of a...
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Airbnb is no threat to LA hotel market: report
A rendering of the Waldorf Astoria hotel in Beverly Hills (via Oasis West Realty) Despite forecasts that Airbnb will hinder the hospitality industry, hotels are actually flourishing in Los Angeles,...
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Celebrity home swapping
From the L.A. print issue: No other ritzy real estate market has such a high concentration of celebrities — block by block — as the most desirable zip codes in Los Angeles. The American film industry...
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Celebrity home swapping
From the L.A. print issue: No other ritzy real estate market has such a high concentration of celebrities — block by block — as the most desirable zip codes in Los Angeles. The American film industry...
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Santa Monica Apple store owner buys Tesla showroom for $15.6 million
A customer looking at a Tesla Model S at the Third Street Promenade showroom in Santa Monica (Photo by Jay L. Clendenin via Getty Images) It didn’t get Rodeo Drive-level pricing, but the interest was...
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Onni closes on Los Angeles Times building for $105M
The Times building at202 West 1st Street (Credit: cqmsjt.com) Tribune Media Company’s real estate arm closed Monday on the sale of the Los Angeles Times building to Onni Group at a price tag of at...
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ICS-see you later, Giuliani
The Javits Center (inset from top: Kevin Plank and Rudolph Giuliani) From the New York website: What a difference two years can make. The International Council of Shopping Centers, which paid Donald...
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Current reader favorites: 1. Douglas Emmett in contract to buy SaMo building from Blackstone 2. Sacramento lawyer at center of Beverly Hills development drama 3. SunCal reveals Arts District plans:...
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Anbang closes on acquisition of Essex House, 14 Strategic properties
Anbang’s Wu Xiaohui and Essex House Anbang Insurance Group closed on its acquisition of the Strategic Hotels & Resorts portfolio from the Blackstone Group. The Chinese insurance company bought 15...
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Douglas Emmett’s SaMo deal is latest in partnership with Qataris
Sheikh Abdullah bin Mohammed bin Saud Al Thani and the Searise Office Tower at 233 Wilshire Boulevard Santa Monica-based REIT Douglas Emmett’s recent purchase of a nine-story Santa Monica office...
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Sliding into view
The Skyslide, an offbeat attraction at the U.S. Bank Tower, lets observation-deck guests slide from the 70th to the 69th floor. From the L.A. print issue: When tourists envision Los Angeles, they...
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Jamison plans 641-unit mammoth on site of Wilshire office buildings
Jamison founder and CEO David Lee and the development site along Wilshire Boulevard, 7th Street, Mariposa Avenue and Irolo Street Losing no momentum in its multifamily development streak, Jamison...
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Sam Zell panel devolves into bizarre discussion about sex with Chinese men
Sam Zell and Peter Linneman From the New York website: It’s the day after Sam Zell’s 75th birthday, and he’s having a rough one. The real estate mogul was the keynote speaker at a real estate...
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Say anything about John Cusack’s house — just not that it sold for $3M below ask
John Cusack from “Say Anything” and the inside of his home on Malibu Road (via 20th Century Fox and Realtor.com) Call it serendipity, more or less. Romcom veteran John Cusack sold his home for $10.3...
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