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Flagship stores on Fifth Avenue still trump Rodeo Drive for retailers
Rodeo Drive and Fifth Avenue Retailers, particularly those in the luxury category, still prefer New York to Los Angeles as the location for their flagship stores by two to one, according to a new...
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Johnny Depp sells off Art Deco penthouse in LA for $3M
Johnny Depp and the Eastern Columbia Building (image credit: Andy Templeton and Job Garcia via Flickr) Back in September, Johnny Depp listed an enviable collection of five penthouse apartments in...
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Rise in original programming by Netflix, Amazon to boost fortunes of LA...
Victor Coleman and Sunset Bronson Studios The rising tide of original online programming is lifting the fortunes of L.A. landlords. Hudson Pacific Properties reported an 8.6 percent uptick in revenues...
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Six takeaways on Measure HHH
Ann Sewill of California-Community Foundation and Mayor Eric Garcetti at LABC summit (Barry Levine) Measure HHH, the Los Angeles ballot initiative to issue a $1.2 billion bond to finance new housing...
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Current reader favorites: 1. Hackman to turn El Segundo site into creative offices 2. Latest Arts District conversion wants to woo Tesla 3. Cities like LA are losing more residents than gaining 4. Here...
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Douglas Elliman posts strong Q3 revenues, but Lorber cautions of market slowdown
215 Chrystie Street (credit: Herzog & de Meuron/Beyer Blinder Belle) and Howard Lorber From the New York website: Douglas Elliman’s revenue numbers remained strong in the third quarter despite a...
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Fake Sotheby’s ads call out liberal Hollywood stars
(Credit: Sabo, c/o the Hollywood Reporter) Sotheby’s International Realty is the latest victim of election debauchery, alongside a handful of celebrities. A series of fake Sotheby’s ads appeared on bus...
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TIAA sells Pasadena apartment complex for $154M to Panda Express family
Trio apartments in Pasadena and Peggy and Andrew Cherng Global financial services giant TIAA has sold a Pasadena apartment complex for $154 million to the Cherng Family Trust, a family investment...
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Microsoft to take 300 WeWork memberships for NY sales team
From left: Microsoft’s Bill Gates and WeWork’sMiguel McKelvey and Adam Neumann From the New York website: WeWork and Microsoft are putting a ring on it. Microsoft has signed a deal to take space in two...
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SoCal resi brokerage commissions rose 68% since 2009
The fi rms of Douglas Elliman’s Howard Lorber (left), The Agency’s Mauricio Umansky (middle) and Compass’ Robert Reffkin (right) have all poached top producers from other brokerages. (Illustration by...
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Will housing education curb anti-development sentiment?
Rachel Torres at the news conference against the Neighborhood Integrity Initiative (Credit: Jon Endow) Development fatigue is reaching peak in Los Angeles. There’s a March ballot initiative that would...
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Awkward: Wanda Group is now the broadcast producer of its rival neighbor’s...
Beny Alagem, Wang Jianlin, a rendering of Alagem’s 26-story tower and a Golden Globe award (Getty, Beverly Hilton) In the latest iteration of a development battle in Beverly Hills, Wanda Group has...
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Current reader favorites: 1. Developers filed plans for 2 Ktown multifamily buildings this week 2. Hackman to turn El Segundo industrial complex into creative offices 3. Rise in original programming a...
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Is AEG back on board for Convention Center partnership with the city?
A rendering of AEG’s previous hotel project at 800 West Olympic Boulevard It seems that the city of Los Angeles and Anschutz Entertainment Group are ready to kiss and make up. AEG has proposed...
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Secret Service says the Donald shouldn’t crash at Trump Tower if elected
Trump Tower and Donald Trump From the New York website: Should Donald Trump win Tuesday’s election and become president, the Secret Service would “strongly recommend” that he not stay at his Trump...
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Sterling buys Beverly Hills storefront for $23.5M
315-319 North Beverly Drive The Sterling Organization has acquired a Beverly Hills property with 4,700 square feet of prime retail space for $23.5 million on behalf of its institutional fund, The Real...
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Robert Durst pleads not guilty to Susan Berman’s murder
Robert Durst From the New York website: Nearly 16 years after the death of his friend Susan Berman, a wheelchair-bound Robert Durst appeared in a Los Angeles court on Monday to face murder charges....
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Hotel Cecil could get historical, cultural status
Simon Baron CEO Matthew Baron and the building at 640 South Main Street The infamous Cecil Hotel could receive special recognition from the city of Los Angeles, despite its creepy history. The Cultural...
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Former music exec Annie Challis leaves Compass for Coldwell Banker
Annie Challis (credit: Penny Lancaster), Beth Styne (credit: Adam Southard) After a year-long stint with Compass, luxury broker and former music industry executive Annie Challis jumped to Coldwell...
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Jamison files 7th multifamily project in less than 3 months
Jamison’s Jaime Lee and the parking garage at 678 South Ardmore Avenue Jamison is at it again. The Koreatown developer submitted plans Monday to build a 123-unit structure on top of a parking garage at...
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