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Fed to likely hike interest rates this year: minutes
Janet Yellen From the New York website: The Federal Reserve came close to raising interest rates in its September meeting and is likely to do so in the near future, newly released minutes show....
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LA secures $65M for affordable and homeless housing
Mayor Eric Garcetti in front of Downtown homeless encampments (credit: limitstogrowth.org, L.A. Mayor) Christmas came a little early for Los Angeles and Mayor Eric Garcetti. The state of California has...
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Sorgente Group is shopping the landmark Fine Arts Building in DTLA for $45M
Fine Arts Building (Hannah Miet) and Veronica Mainetti (R. Brodin, Getty Images for Sorgente Group of America) How much will a buyer pay for a historic Downtown office building with architectural...
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Current reader favorites: 1. Caruso may ban Trump from the Grove 2. Vornado’s LA selloff part of larger slim down efforts 3. Teles’ Peter Hernandez on riding out downturns 4. Boston Properties CEO on...
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With Stephen Kotler focused on LA, Douglas Elliman names Scott Durkin COO
Scott Durkin and Stephen Kotler Scott Durkin, the longtime Corcoran Group manager who jumped to Douglas Elliman earlier this year, has now been named the company’s chief operating officer. Durkin, a...
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Rick Caruso sued by Palisades business owner over construction
Rick Caruso and inside the P2 store (Credit: Twitter, Yelp) A Pacific Palisades shop owner is suing billionaire real estate magnate Rick Caruso, claiming his redevelopment of the downtown area is...
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Westfield files plans to redevelop Promenade in Warner Center
The Promenade at 6100 Topanga Canyon Boulevard (Credit: Airbnb) Australian retail mega-landlord Westfield has filed plans to redevelop the decaying Westfield Promenade site in Woodland Hills into a...
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WeWork wants to become a real estate investor
Michael Gross and Adam Neumann From the New York website: WeWork is preparing to launch an investment vehicle to buy its own real estate properties, in a major strategic shift for the $16.9 billion...
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Billionaire sells Eastern Columbia penthouse in highest price psf deal in...
Ron Burkle and the Eastern Columbia building at 849 South Broadway (Credit: Brad Trent, Historic Resources Group) Like a true investor, billionaire Ronald Burkle just sold his Eastern Columbia loft in...
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Delijani family wants to build apartments in NoHo
The site at 10850 West Riverside Drive A Beverly Hills-based developer wants to build a five-story mixed-use complex on the corner of Riverside Drive and Lankershim Boulevard in North Hollywood. Fred...
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Tishman Speyer nearing purchase of Hyperloop One HQ in Arts District for...
Inside Hyperloop One’s Arts District HQ (credit: Hyperloop One) October is proving to be quite a month for Downtown’s Arts District. First, Warner Music’s lease at Shorenstein’s Ford Factory became...
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Current reader favorites: 1. Sorgente is shopping the Fine Arts Building in DTLA 2. Vornado’s LA selloff is part of larger company effort 3. Warner Music lease having ripple effect on Arts District 4....
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LA sucks when it comes to public transit: report
Expo & Crenshaw Expo Line Station (Credit: Wikipedia) Car culture is still alive and well in Los Angeles. Despite the influx of development around the new Expo stations that opened in May, more...
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Deutsche could trim US operations amid $14B settlement
345 Park Avenue, John Cryan and 4 Metrotech Center in Brooklyn From the New York website: Germany’s largest bank, Deutsche Bank AG, is considering scaling back its United States operations as part of...
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David Crane lists Century City condo, friends not included
David Crane, Jeffrey Klarik and the Century at 1 West Century Drive (Credit: Getty, MLS) You won’t find Central Perk around the corner but this penthouse comes fully customized by the golden couple of...
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Wanda Group’s Wang Jianlin is schmoozing it up in LA
Wang Jianlin at a signing ceremony in Jinan, China (Credit: Getty) The Chinese billionaire behind the Wanda Group is about to take on Los Angeles one film studio at a time. Wang Jianlin, the chairman...
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Kushner reached out to media pal about potential Trump TV network: report
From left: Donald Trump, Jared Kushner and Aryeh Bourkoff The New York website: Jared Kushner has reached out to one of his pals in the media business about the possibility of launching a Trump...
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“Hogs get slaughtered”: AEW claims NMS forged documents in joint venture lawsuit
Neil Shekhter and a rendering of NMS Properties’ Wilshire & La Jolla tower at 6401 Wilshire Boulevard (Credit: Urban Land Institute, Steinberg Architects) The plot has thickened in a legal battle...
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Proper Hospitality announces Santa Monica Proper
Rendering of the Santa Monica Proper at Seventh and Wilshire (Credit: Howard Laks Architects) Proper Hospitality has properly announced its latest venture — the Santa Monica Proper, slated to rise at...
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Current reader favorites: 1. Tishman nearing purchase of Hyperloop HQ in AD 2. Sorgente Group is shopping the Fine Arts Building 3. Warner Music lease already having ripple effect on AD 4. Vornado’s...
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