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Month: January 2018

Showtime signs deal for 45K sf at Formosa West in Hollywood: sources

Formosa West (Credit: Jones Lang Lasalle) Showtime has found its new “Homeland.” The network has leased 45,000 square feet at the newly-constructed Formosa West, located at the historic Lot in Hollywood, The Real Deal has learned. The ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Lincoln agrees to sell offices in Downtown and Burbank for $325M

(Credit: Lincoln Property Company) A week after inking a deal with Apple in Culver City, Lincoln Property Company has agreed to sell two separate office properties in Downtown and Burbank for a combined $325 million. Cerberus Capital ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Trump Organization has yet to donate profits to Treasury

Donald Trump and the Trump International Hotel in Washington, D.C (Credit: Getty Images) From TRD NYC: U.S. Presidents have typically made bank after leaving office, mostly through speech tours and book deals. President Trump appears ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Luxury homebuilder Toll Brothers raises $400M in public offering

Doug Yearley and David Von Spreckelsen Toll Brothers raised $400 million through a public offering, as the Pennsylvania-based company continues to expand farther west. The luxury homebuilder intends to use the cash for general ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Four years “pregnant”: While other Chinese companies retreat from development, Greenland dives deeper

From left: Hu Gang, MaryAnne Gilmartin, Scott Solish and a rendering of Pacific Park From TRD NYC: Just five years after entering the U.S. market, Shanghai-based Greenland Group is charged with completing one of the largest — and most ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Retail rents climbed in LA, despite impact of e-commerce: report

One Culver (Credit: One Culver) E-commerce has decimated traditional brick-and-mortar retail stores but in Greater Los Angeles, 2017 was not nearly as grim. Asking retail rents climbed nearly 10 percent from the year before, with West ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Nonprofit Zimmer Children’s Museum will move to Santa Monica Place

Macerich’s Santa Monica Place outdoor mall (Credit: Wikimedia Commons) The Zimmer Children’s Museum said Tuesday it will move from its space along the Miracle Mile district to the Macerich-owned Santa Monica Place outdoor mall in late ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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1Up Fitness leases 56K SF-building in Hollywood

962 North La Brea (Credit: Jay Luchs, Pixabay) A fitness club company with a sizeable footprint in Europe is opening a branch in Los Angeles, its first location in North America. 1 Up Fitness Group North America, a subsidiary of ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Beverly Hills Waldorf Astoria condo project courts controversy

The Waldorf Astoria Beverly Hills hotel, in photo above, was part of an original proposal for a larger development. The hotel was completed last year, but a condo tower, the Waldorf Astoria Residences, is still be debated. (Inset: Beny ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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“It is 2005 all over again in terms of the valuation extreme, the psychological excess and the denial”: Bear warns that housing market is overheated

From TRD Miami: The homebuilding market is stronger than ever, but not everyone is bullish. Montana-based money manager James Stack, who predicted the last recession in 2005, told Bloomberg the U.S. may be riding high on another ...

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  • 22 Jan
  • The Real Deal
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