LA real estate

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#real-estate

The Reuben Brothers' self-describedblack sheep steps up

David Reuben Jr. is managing the $2.5 billion Century Plaza project, which has faced significant challenges and minimal visible progress.

Discounts and distress shape LA's biggest office sales in 2024

L.A. office market in 2024 featured significant distress, benefiting buyers with available capital for key investments.

Tides Equities co-founder seeks to flip Brentwood estate for $26M

Sean Kia seeks substantial profit from a Brentwood estate amid Tides Equities' financial struggles.

The LA home that Matthew Perry purchased in the months before his death has found a new owner

Matthew Perry's Hollywood Hills home is now in escrow following his death, highlighting his real estate investments in the months leading up to his passing.

Investor who bought Kanye's Malibu home makes lowball offer for Diddy's 'Freak Off' mansion

Sean Combs' mansion has received a $30 million offer, significantly below its listing price of $61.5 million, amidst his ongoing legal issues.

Hollywood Hills spec mansion designed by Paul McClean asks $29M

The Hollywood Hills real estate market is currently experiencing a surge in luxury property listings, showcasing modern designs and upscale amenities.

The Reuben Brothers' self-describedblack sheep steps up

David Reuben Jr. is managing the $2.5 billion Century Plaza project, which has faced significant challenges and minimal visible progress.

Discounts and distress shape LA's biggest office sales in 2024

L.A. office market in 2024 featured significant distress, benefiting buyers with available capital for key investments.

Tides Equities co-founder seeks to flip Brentwood estate for $26M

Sean Kia seeks substantial profit from a Brentwood estate amid Tides Equities' financial struggles.

The LA home that Matthew Perry purchased in the months before his death has found a new owner

Matthew Perry's Hollywood Hills home is now in escrow following his death, highlighting his real estate investments in the months leading up to his passing.

Investor who bought Kanye's Malibu home makes lowball offer for Diddy's 'Freak Off' mansion

Sean Combs' mansion has received a $30 million offer, significantly below its listing price of $61.5 million, amidst his ongoing legal issues.

Hollywood Hills spec mansion designed by Paul McClean asks $29M

The Hollywood Hills real estate market is currently experiencing a surge in luxury property listings, showcasing modern designs and upscale amenities.
morereal-estate
#commercial-real-estate

Big-money mortgage defaults dot LA map in 2024

Commercial real estate loan defaults surged in Southern California, particularly in the office and retail sectors, driven by declining occupancy and economic pressures.

Warehouse law pushes developers to look at far-flung Inland Empire sites

New law AB 98 affects warehouse development, potentially increasing approved project values and shifting construction toward desert regions.

CBRE's Laurie Lustig-Bower and Tim Bower to retire as a couple from brokerage

Laurie Lustig-Bower and Tim Bower are retiring from CBRE after 33 years in L.A. commercial real estate, celebrating their legacy and looking forward to family time.

Downtown Los Angeles office tenants decamp for suburbs

Office tenants in Downtown LA are relocating to safer areas like Century City and Pasadena, reducing their presence in Downtown.

Big-money mortgage defaults dot LA map in 2024

Commercial real estate loan defaults surged in Southern California, particularly in the office and retail sectors, driven by declining occupancy and economic pressures.

Warehouse law pushes developers to look at far-flung Inland Empire sites

New law AB 98 affects warehouse development, potentially increasing approved project values and shifting construction toward desert regions.

CBRE's Laurie Lustig-Bower and Tim Bower to retire as a couple from brokerage

Laurie Lustig-Bower and Tim Bower are retiring from CBRE after 33 years in L.A. commercial real estate, celebrating their legacy and looking forward to family time.

Downtown Los Angeles office tenants decamp for suburbs

Office tenants in Downtown LA are relocating to safer areas like Century City and Pasadena, reducing their presence in Downtown.
morecommercial-real-estate

Why these retail players are betting on malls for LA millennials with money

Runyon Group successfully curates retail spaces that appeal to wealthier millennials, driving foot traffic and leasing success.
Their investment strategy combines real estate with a carefully chosen brand mix to enhance shopping experiences.

L.A.'s Twin Crises Finally Seem Fixable

Los Angeles is addressing its historical urban sprawl and problems through significant investment in transit and housing despite ongoing resistance.
#affordable-housing

LA's mansion tax comes to collect from nonprofit home builders

The mansion tax, intended to fund affordable housing, is harming nonprofits by imposing unexpected fees that hinder their development projects.

Thrive expects 15% savings with modular apartments in Chinatown

Thrive Living's modular construction in Chinatown aims to cut costs while providing affordable housing options.

Relevant Group moves from Hollywood hotels to DTLA multifamily

Relevant Group is set to build a 531-unit apartment complex next to the historic Morrison Hotel, emphasizing affordable housing.

Norwalk gives nod to 32-acre transit housing village

Norwalk plans to convert a former youth jail into a vibrant 32-acre retail and residential village, emphasizing affordable housing and community spaces.

Fisch unveils 12-story builder's remedy project in Beverly Hills

Fisch Properties is developing a 12-story apartment building in Beverly Hills using a builder's remedy to bypass local zoning laws while ensuring affordable housing.

Related California's Bill Witte has built more housing in California than almost anyone else. How?

Patience and community engagement are crucial for successful development projects, particularly in regulatory environments like California.

LA's mansion tax comes to collect from nonprofit home builders

The mansion tax, intended to fund affordable housing, is harming nonprofits by imposing unexpected fees that hinder their development projects.

Thrive expects 15% savings with modular apartments in Chinatown

Thrive Living's modular construction in Chinatown aims to cut costs while providing affordable housing options.

Relevant Group moves from Hollywood hotels to DTLA multifamily

Relevant Group is set to build a 531-unit apartment complex next to the historic Morrison Hotel, emphasizing affordable housing.

Norwalk gives nod to 32-acre transit housing village

Norwalk plans to convert a former youth jail into a vibrant 32-acre retail and residential village, emphasizing affordable housing and community spaces.

Fisch unveils 12-story builder's remedy project in Beverly Hills

Fisch Properties is developing a 12-story apartment building in Beverly Hills using a builder's remedy to bypass local zoning laws while ensuring affordable housing.

Related California's Bill Witte has built more housing in California than almost anyone else. How?

Patience and community engagement are crucial for successful development projects, particularly in regulatory environments like California.
moreaffordable-housing
#market-trends

Live Next Door to Donald Trump! $78.5 Million Compound Near Mar-a-Lago Becomes One of the Week's Most Expensive Homes

The housing market offers unique and luxurious properties for wealthy buyers, including high-profile estates and expansive compounds.

Bargains abound in LA's top 10 multifamily sales for 2024

Multifamily investment activity in Los Angeles County decreased significantly in 2023-2024 due to new taxes and high borrowing costs.

Live Next Door to Donald Trump! $78.5 Million Compound Near Mar-a-Lago Becomes One of the Week's Most Expensive Homes

The housing market offers unique and luxurious properties for wealthy buyers, including high-profile estates and expansive compounds.

Bargains abound in LA's top 10 multifamily sales for 2024

Multifamily investment activity in Los Angeles County decreased significantly in 2023-2024 due to new taxes and high borrowing costs.
moremarket-trends
#los-angeles

LA's record-breaking year for high-end home sales

2024 was the year of Carolwood Estates in Los Angeles' luxury real estate market, dominating significant transactions.
Malibu's residential sales hit record levels, particularly with a $210 million estate sale by Oakley founder Jim Jannard.

Money for LA market's luxury home contracts jumps to $140M

Luxury homes under contract in L.A. County saw a rebound in dollar volume after three weeks of decline.

Leo Pustilnikov cuts janitors and security at Skid Row housing in LA

Tenants of Skid Row properties complain of deteriorating living conditions under new owner Leo Pustilnikov.
Expectations of improved living conditions after acquisition have not been met, leading to increased tenant distress.

Rents slip as luxury apartments sit vacant in LA County

Vacancies in luxury apartments hit 13.1% despite lower overall renters in Los Angeles County, signaling a potential affordability crisis.

East End Studios expands LA soundstages despite industry doldrums

East End Studios is expanding aggressively in L.A. amidst industry uncertainties, focusing on long-term demand for soundstages.
Their purpose-built studios are designed to meet modern production workflows, attracting high-profile clients.

LA's record-breaking year for high-end home sales

2024 was the year of Carolwood Estates in Los Angeles' luxury real estate market, dominating significant transactions.
Malibu's residential sales hit record levels, particularly with a $210 million estate sale by Oakley founder Jim Jannard.

Money for LA market's luxury home contracts jumps to $140M

Luxury homes under contract in L.A. County saw a rebound in dollar volume after three weeks of decline.

Leo Pustilnikov cuts janitors and security at Skid Row housing in LA

Tenants of Skid Row properties complain of deteriorating living conditions under new owner Leo Pustilnikov.
Expectations of improved living conditions after acquisition have not been met, leading to increased tenant distress.

Rents slip as luxury apartments sit vacant in LA County

Vacancies in luxury apartments hit 13.1% despite lower overall renters in Los Angeles County, signaling a potential affordability crisis.

East End Studios expands LA soundstages despite industry doldrums

East End Studios is expanding aggressively in L.A. amidst industry uncertainties, focusing on long-term demand for soundstages.
Their purpose-built studios are designed to meet modern production workflows, attracting high-profile clients.
morelos-angeles

Dodgers, Teoscar Hernandez Agree to $66 Million Deal to Keep Fan Favorite in LA

Teoscar Hernández signs a three-year contract with the Dodgers worth $66 million.
from Irish Independent
1 week ago

Morrison Hotel in Los Angeles made famous by The Doors goes up in flames

The former Morrison Hotel, iconic for its association with The Doors, suffered severe fire damage.

Lehrer Architects Unveils Gower Mausoleum at Hollywood Forever Cemetery in Los Angeles, United States

The Gower Mausoleum combines innovative design with cultural significance, offering a resting space for over 50,000 and enriching Hollywood's heritage.

Firefighters battle blaze, help homeless people evacuate 4-story building in downtown L.A.

Firefighters were battling a fire Thursday morning at a four-story building in downtown L.A., according to authorities.

Former Commerce official admits to $120K parking lot kickback scheme

A former city manager secretly pleaded guilty to accepting bribes for city property use, revealing a significant public corruption issue.

L.A. Christmas holiday forecast: Wet and cloudy gives way to crisp sunny skies

Christmas Eve will see light rain in Los Angeles, but conditions improve by Christmas Day with dry, sunny weather.
Weather warnings include high surf and wind gusts across various valleys.

After decades on the San Pedro waterfront, famous fish market signs lease for decades more

The San Pedro Fish Market is rebuilding at its historic waterfront location after a lease agreement, maintaining its legacy as a top-grossing restaurant.

Slamdance Announces 2025 Lineup and Venues for Move to Los Angeles

Slamdance has announced its 2025 lineup and venues for its move to Los Angeles.

Jim Carrey's 2-acre Brentwood ranch house goes into contract

Estate with asking price of $19.8 million was last week's top home under contract in Los Angeles County.

Acre Homes Secures Over $10MM in Venture Funding to Transform Single-Family Housing

Durham, NC December 2024 Acre Homes, a tech-enabled real estate startup, has raised over $10 million in venture capital to fuel its expansion in the

Magnitude 2.8 earthquake jolts Southern California

The Los Angeles area experienced a magnitude 2.8 earthquake, indicating ongoing seismic activity and concerns about building safety in the affected neighborhoods.

SoCal landlords pilloried online for asking too much rent

Rising rent prices in Southern California are sparking online backlash from potential renters who engage in 'rent shaming' to criticize landlords.

Los Angeles vs San Diego: Which City is Right for You? Comparing Real Estate, Cost of Living, Culture, and More

Los Angeles offers a vibrant lifestyle with high housing costs, while San Diego provides a more relaxed atmosphere and scenic coastal living.

Real estate investors scramble for gold in the Mojave Desert

California's Mojave desert is experiencing a new gold rush spurred by high gold prices, revitalizing interest in historic mining towns.

Fullerton under the gun to approve state housing plan

Fullerton may lose $2 million in state funds for failing to certify a housing plan by January.
The city has continued to miss multiple deadlines to meet state housing requirements.

She gave her drab L.A. apartment a stunning makeover for $2,500

Mary Kenny creatively transforms her small apartment with secondhand items, showcasing her unique design style and humor amid rental market challenges.

Solutions: Harris promised 3 million new homes. States might actually make it happen

Legislators are committed to addressing the housing crisis despite the challenges faced during the pandemic and economic fluctuations.

Breaking: Nuys Fire reported in Los Angeles County on Dec. 1

A new wildfire, named Nuys, was reported in Los Angeles County, with unknown containment and cause as of now.

Dickies to move HQ from Texas to Southern California

Dickies is relocating its headquarters to Costa Mesa, California, to consolidate operations with Vans and enhance collaboration among employees.

FRIEZE LOS ANGELES REVEALS PLANS FOR 2025 EDITION

The organizers of Frieze Los Angeles have announced the galleries expected to participate in the event's sixth iteration, from February 23-26, 2025.

Awe-Inspiring $100 Million Legacy Compound That Could Smash Big Sur Sales Record Is the Week's Most Expensive Home

The Heart of Rancho Rico is listed at $100 million, marking it as the most expensive home available this week.

Lin He aspires to flip Corona del Mar mansion for $50M

Lin He's luxurious flip of a mansion highlights significant renovations and a keen understanding of market desires for contemporary yet nostalgic home designs.

Burning tree in South Los Angeles leads firefighters to a grim discovery

A body was discovered at a tree fire in South Los Angeles, prompting an investigation into the suspicious circumstances of the death.

Southern California has a million homes worth $1M or more

In Los Angeles, Orange, San Diego, Riverside and San Bernardino counties, 28% of houses have seven-figure values.

'Real Housewives of Miami' Star Lea Black's $37.5 Million Star Island Megamansion Scores a Plum Spot on Most Expensive Homes List

The Delray Beach estate showcases oceanfront luxury and remains priced at $74 million, highlighting its status in the market.

Modest rent hikes ahead in Southern California, USC forecasts

Rents in Southern California are projected to increase as multifamily construction fails to meet demand.
from Irish Independent
1 month ago

More than 10,000 people forced to evacuate in Los Angeles as out-of-control wildfire burns homes

Over 10,000 people were evacuated due to a wildfire fueled by strong winds in the hills near Los Angeles.

Step inside $177M Los Angeles villa with retractable roof for stargazing in primary suite

Developer Ardie Tavangariani puts new Los Angeles estate on real estate market, a 35,000-square-foot Bel-Air home listed for $177 million.

Westside houses account for nearly half of LA's mansion tax sales

Measure ULA has fallen significantly short of its revenue projections, raising under half of the anticipated funds.
The tax disproportionately impacts affluent West L.A. neighborhoods, where the majority of sales occur.

Your guide to obscure but important L.A. city charter amendments and county ballot measures

Charter Amendment FF aims to enhance retirement benefits for officers in smaller L.A. police departments.
#urban-development

After a century, concrete plant that helped build L.A. makes way for a deluxe tower

The Cemex concrete plant in West Hollywood ceased operations to make way for a new apartment tower, highlighting urban development changes.

City cites wildfire risk, axes $500M resi project in Anaheim Hills

The City of Anaheim rejected a proposed luxury apartment complex over wildfire safety concerns.

After a century, concrete plant that helped build L.A. makes way for a deluxe tower

The Cemex concrete plant in West Hollywood ceased operations to make way for a new apartment tower, highlighting urban development changes.

City cites wildfire risk, axes $500M resi project in Anaheim Hills

The City of Anaheim rejected a proposed luxury apartment complex over wildfire safety concerns.
moreurban-development

Jamison and Arc Capital to convert Koreatown offices into homes

Jamison Services is converting an office building in Koreatown into 236 residential units, marking its 10th adaptive reuse project.

Josh and Heather Altman quit Million Dollar Listing Los Angeles

Josh and Heather Altman have left Million Dollar Listing Los Angeles to focus more on family and their new real estate agency.
Their departure signals a significant shift after 14 years and over $7 billion in real estate sales.
from Los Angeles Times
2 months ago

Photos: Dodgers fans take to the streets after they defeat the Yankees for their 8th World Series title

The Dodgers' World Series win ignited celebrations that escalated tensions, resulting in law enforcement interventions.
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