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Current reader favorites: 1. Ratkovich wants to sell Google’s Playa Vista airplane hangar 2. PHOTOS: TRD celebrates LA launch with Beverly Hills fete 3. WeHo’s Faring Capital buys Long Beach office for...
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John Kilroy of Kilroy Realty dies at 94
John Kilroy Sr. and his sail boat (Credit: Scuttlebutt Sailing News) John Kilroy, who kicked off his career with only $100 in his pocket and turned it into $6 billion real estate behemoth Kilroy...
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Compass president Leonard Steinberg sues Elliman over unpaid commissions
Howard Lorber and Leonard Steinberg From the New York website: Leonard Steinberg and Herve Senequier are suing Douglas Elliman for unpaid commissions, more than two years after leaving the company for...
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Inside the web of money laundering plaguing U.S. real estate
The Chetrits’ Flatotel condo project on 52nd Street From the September New York issue: In 2012, Joseph Chetrit, a Moroccan real estate investor known for his New York City developments, allegedly flew...
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Beacon Capital Partners to buy distressed Glendale office for $128.5M
The Glendale City Center at 101 North Brand Boulevard Beacon Capital Partners has struck a deal to buy the 408,000-square-foot Glendale City Center office for $128.5 million, or about $315 per square...
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Movers & Shakers: Cushman & Wakefield wins some and loses some, NGFK nabs...
Taylor Ing, Bryan Jacobs and Drew Sanden Cushman & Wakefield has poached another one. Bryan Jacobs will join the firm’s Downtown Los Angeles office as the new executive vice president of enterprise...
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TIAA buys Valley multifamily complex for $72.5M
Waterstone Apartment Homes at 9901 Lurline Avenue and Chris McGibbon, managing director of TIAA’s real estate investments in the U.S. (Credit: Rent.com, TH Real Estate) The real estate arm of pension...
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Tinder CEO breaks up with Wilshire penthouse
Sean Rad and his rad pad at 10776 Wilshire Boulevard (Credit: The Agency, Getty) Guess it wasn’t a match after all. Tinder CEO Sean Rad is selling his Wilshire Corridor penthouse for a smidgen below $9...
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Artisan Partners nearing purchase of Lantana campus in Santa Monica for $400M
Lantana Santa Monica (via Lantanasantamonica.com); Mark Laderman and Collin Komae Two Tishman Speyer alumni are striking it out on their own, and they aren’t starting small. Artisan Partners, led by...
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Current reader favorites: 1. Family investment group buys Chase Plaza for $50M 2. Vornado Realty Trust is shopping its last LA property for $150M 3. Ratkovich wants to sell Google’s Playa Vista...
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British heiress wants $200M for Spelling mansion
Petra Ecclestone Stunt and the Spelling mansion at 594 South Mapleton Drive (Credit: Wikipedia Commons, Getty) The Spelling mansion in Holmby Hills may beat out the Playboy Mansion for the deal of...
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The next Big Short?
From the New York print issue: J. Kyle Bass is famous for predicting the U.S. housing crisis and making millions of dollars shorting subprime mortgage bonds in 2008. So when the hedge fund manager...
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Pasadena office building expected to attract bids of up to $128M
177 East Colorado Boulevard Newport Beach-based real estate firm Saunders Property has put a 321,000-square-foot Pasadena office building on the market, two years after buying it from AT&T. The...
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Did lawmakers flub the temporary renewal of EB-5?
From the New York website: Congress thought it extended the EB-5 visa program at the end of September — but did it? A letter from the Congressional Research Service, which serves as a research arm for...
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Onni Group files plans for 30-story resi tower on LA Times parking lot
The L.A. Times building at 202 West 1st Street (Credit: Getty) The Onni Group is already forging ahead with plans to develop a parking lot formerly used by L.A. Times employees. The Vancouver-based...
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196-unit apartment building planned for L&R-owned parking lot
L&R CEO Nathan Cohen and the parking lot at 433 South Main Street No property is immune from the looming wrath of the Neighborhood Integrity Initiative — not even parking lots. An unknown private...
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Sale of Bob Hope mansion botched by “emergency legislation”: report
Bob Hope at the property in Toluca Lake (Getty Images) An effort to preserve a house built by late entertainer Bob Hope in 1939 could have unintended consequences for his children and the charitable...
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Current reader favorites: 1. British heiress wants $200M for Spelling mansion 2. Artisan nearing purchase of Santa Monica campus for $400M 3. Beacon Capital to buy distressed Glendale office for...
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Here are the SoCal real estate players who made the Forbes 400
From left: Edward Roski, Jr., Rick Caruso and Donald Sterling The famous 19th Century economist John Stuart Mill once said that “landlords grow rich in their sleep.” It’s no surprise then that the...
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Why didn’t Coffee Bean & Tea Leaf catch on in New York?
Coffee Bean and Tea Leaf in Midtown (credit: Coffee Bean and Tea Leaf) From the New York website: Trendy java joint chain Coffee Bean & Tea Leaf has shuttered all 12 of its New York City locations....
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