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Teles Properties opens Pacific Palisades office
Sharran Srivatsaa Teles Properties touts its motto as #TelesDomination. In a bid to further that ambitious agenda, the company has inked a deal for a new office in Pacific Palisades, co-president...
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Rapper 2 Chainz buys $2.5M home with recording studio
2 Chainz and his new home at 5940 Manola Way (Credit: Pinterest, Zillow) He did say he was getting rich. Rapper Tauheed Epps, known as 2 Chainz and formerly Titi Boy, just bought a house in Hollywood...
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Tax credit Pacoima multifamily property sells for $98M
Pierce Park Apartments Pierce Park Apartments, a tax credit multifamily property at 12724 Van Nuys Boulevard in Pacoima has sold for $98 million, or $227,907 per unit, to an entity affiliated with...
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Paragon Commercial Group buys Burbank retail plaza for $37M
Paragon founder and principal Mark Harrigian and Airport Plaza’s Hobby Lobby storefront at 683 North Victory Boulevard (Credit: Savills Studley, Paragon) The El Segundo-based Paragon Commercial Group...
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Current reader favorites: 1. LA investors rush to affordable markets: report 2. Dream Hotel targets Hollywood for young & unmarried 3. Planning Commission approves One Beverly Hills 4. DTLA retains...
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Sellers of high-end LA homes are listing them warts and all
Hugh Heffner and the Playboy Mansion The Playboy Mansion isn’t the only big ticket L.A. home that needs more than a lick of paint. Listings for high-end fixer-uppers — homes priced within the top third...
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US home prices rise 6.2% year-over-year in August
Suburban houses (credit: Phrasemix.com) From the New York website: Home prices in the U.S. are on the rise, as lack of inventory and low interest rates help push prices upwards. The S&P CoreLogic...
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Angelo, Gordon & Co and Lincoln Property to buy two LNR Warner Center...
The LNR Warner Center at 21215 Burbank Boulevard; Adam Schwartz, Angelo, Gordon & Company’s head of U.S./Europe real estate; and David Binswanger, Lincoln Property’s senior executive vice president...
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Park Hyatt hotel headed to Oceanwide Plaza
Rendering of Oceanwide Plaza on the block bounded by Figueroa, 11th, 12th and Flower Streets (Credit: Skyscraper forum) Beijing real estate firm Oceanwide Holdings has reached a deal with Hyatt Hotels...
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Road block? Councilmember Ryu will vote against Frank Gehry-designed WeHo...
Council member David Ryu and a rendering of Frank Gehry’s design for 8150 Sunset Boulevard Looks like Townscape Partners’ Frank Gehry-designed Sunset Strip project might be in for a roadblock. Fourth...
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Drop in the number of US home appraisers is delaying closings, raising costs
From the New York October issue: There’s trouble brewing in appraiserville — and it’s beginning to cost some unsuspecting homebuyers money. Those hoping to close in the coming months should be aware....
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Jessica Lall will replace Carol Schatz as head of Central City Association
Jessica Lall (Credit: South Park BID) The Downtown business and lobbying group Central City Association has announced a new leader: Jessica Lall, who will replace Carol Schatz as CCA’s president and...
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New status, new era for REITs: Q&A, Part I
Anthony Paolone and Steven Marks From the New York October issue: This September, investors who bet on the stock market’s broad indexes got a new tool. They can now invest in real estate investment...
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Current reader favorites: 1. Tom Gores buys Holmby Hills spec home in $100M deal 2. Paragon buys Burbank retail plaza for $37M 3. Being a young commercial real estate broker is brutal 4. Bel Air spec...
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Gehry project approved after developer agrees to scale back
Earlier rendering of the project at 8150 Sunset Boulevard Well, that was easy. The Planning and Land Use Management Committee approved the proposed Frank Gehry project in West Hollywood after developer...
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Louis Vuitton, Bijan sued over $122M sale of Rodeo Drive storefront
Bijan storefront at 420 North Rodeo Drive Two L.A. businessmen say they were duped out of a commission on one of the year’s most fashionable deals. Three months after the $19,405-per-square-foot,...
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Indoor pools may sink your chances of a top-dollar resale price
From Luxury Listings NYC: While having an indoor pool in one’s home may seem like the ultimate luxury, real estate experts warn that it could affect the resale value of the home. NYC-based real estate...
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No on HH campaign accuses Alagem camp of voter fraud
Wanda chairman Wang Jianlin and a rendering of Beny Alagem’s 26-story tower (Credit: Getty, Oasis West) Things are getting ugly in Beverly Hills in the home stretch before Election Day. The No on HH...
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Dr. Lee’s son is opening a hipster bar in Jamison-owned Ktown building
Brian Lee of Jamison Services (courtesy of Lee) and the Equitable Life Building (via Skyscraper City) At least one Lee is talkative. Brian Lee, one of four children of press-shy landlord Dr. David Lee,...
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Lincoln Property and Steve Riboli plan to develop a 920-unit project in...
The site at 1251 North Spring Street Lincoln Property Company and Steve Riboli are planning to develop a 920-unit mixed-use complex in Chinatown, The Real Deal has learned. The seven-building complex...
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