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Month: February 2018

CitizenM plans 315-room boutique hotel in Downtown

Spring St. Hotel (Credit: BLVD Hospitality) Add another name to the flurry of hotel construction happening in Los Angeles. The Amsterdam-based CitizenM hotel chain is expanding into Downtown Los Angeles, after the company paid $13.5 ...

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  • 08 Feb
  • The Real Deal
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Jamison’s 16-story residential tower approved in Koreatown

A rendering of the Koreatown project, which Jamison plans for a parking lot adjacent to the Wilshire Professional Building (Credit: Department of City Planning) Jamison Services received approval for another project in Koreatown, this ...

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  • 08 Feb
  • The Real Deal
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Top-producer Sally Forster Jones joins Compass

Sally Forster Jones and a Compass office The Compass direction continues pointing toward a rapid expansion. Sally Forster Jones joined Compass’ Beverly Hills office, the latest in a series of moves by the company to add established ...

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  • 08 Feb
  • The Real Deal
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When a suitor calls: The calculus behind Brookfield’s Forest City play

“The Suitor” by Beda Francesco, feat. Bruce Flatt In April, an activist investor called on Forest City Realty Trust to consider settling down with a new owner. A few months later, a major suitor came knocking: Brookfield Asset ...

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  • 08 Feb
  • The Real Deal
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Bell Partners pays $123M for Inglewood apartment complex

Lili Dunn, Bell Partners’ president of investment, and the property at 11622 Aviation Boulevard (Google Maps) Bell Partners paid $123 million to acquire a 264-unit apartment complex in Inglewood, adding to the flurry of recent deals in ...

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  • 08 Feb
  • The Real Deal
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LA County officials seek to spur development near future transit stations

The Blue Line’s Firestone Station, located in an unincorporated community of Firestone Park (Credit: Wikimedia Commons) Two L.A. Board of Supervisors want to speed the approval process for developers who plan to build in ...

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  • 07 Feb
  • The Real Deal
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A 66-key boutique hotel is set to rise in the Arts District on the edge of Skid Row

The existing building at 400 South Alameda Street will be replaced A new 66-key boutique hotel was approved for construction on South Alameda Street in the Arts District, just outside Skid Row. Development in the Arts District has ...

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  • 07 Feb
  • The Real Deal
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CIM Group reveals details on Hollywood office building

Renderings for the Sycamore (Credit: Loopnet) New details on CIM Group’s latest project show an eight-story, glass-clad office with four levels of parking in Hollywood. It extends the company’s most recent development efforts in Los ...

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  • 07 Feb
  • The Real Deal
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Nasdaq moves to Times Square

4 Times Square, Adena Friedman and the Nasdaq trading floor (Credit: Flickr and Nasdaq) Nasdaq is ditching downtown for the Durst Organization’s 4 Times Square. The stock exchange company inked a 145,000-square-foot lease for part of ...

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  • 07 Feb
  • The Real Deal
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Airbnb founders and early employees have cashed in $350M worth of equity: report

From left: Brian Chesky, Laurence Tosi and Belinda Johnson (Credit: AirBnB) Airbnb is in no rush to go public. In fact, the techies who created the home-sharing behemoth have little financial incentive to push for an IPO. The Airbnb ...

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  • 07 Feb
  • The Real Deal
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