Month: February 2018

From top, clockwise: Developer Larry Silverstein, Mort Zuckerman, Jeff Greene, Harry Macklowe and wife Linda, Sheldon Solow, Gwen Stefani, Stephen Schwarzman and Rod Stewart This story originally ran in August 2017: There were live camels, trapeze artists, a 12-minute fireworks display and an enormous birthday cake carved in the shape of a Chinese temple. Blackstone…

Evan Speigel and the Thornton Lofts space (Credit: Achim Hepp/Flickr) Snapchat messages are designed to disappear. Now, its parent company is seeking to do the same in Venice, where it has had a big presence. Snap Inc. has put 163,000 square feet of office space across 14 sites in Venice Beach up for sublease as…

(Credit: Wikipedia) News flash: Co-working spaces are popular in major U.S. metro areas. There’s nearly 27 million square feet of coworking spaces around the country and unsurprisingly, much of it is concentrated in major metro areas, according to a report by Yardi. Manhattan is by far the coworking capital, at least in terms of sheer…

James Dimon. (Credit from back: Dave Center, World Economic Forum) From TRD New York: Last month, JPMorgan Chase’s chairman and chief executive James Dimon announced he would be stepping down in five years. Though an unusual move for the bank, the announcement is part of a larger trend on Wall Street as the current generation…

Park DTLA Rising Realty Partners is shopping a leasehold interest in Park DTLA, a five-building office campus that spans more than 277,000 square feet in Downtown Los Angeles. Newmark Knight Frank has the listing. Terms of the lease were not disclosed. The property, located at 201-280 S. Figueroa Street in the Central Business District, is…

Artie Minson and WeWork’s Park South location WeWork [TRDataCustom] grew its revenue to around $900 million in 2017, according to the company’s president Artie Minson. In 2016 the company expected to generate $532 million in revenue, according to documents produced in April of that year that were later leaked to the press. Minson told Bloomberg…

707 S. Berendo Street in Koreatown A developer wants to build a six-story multifamily development in Koreatown, the latest in a steady stream of proposed new residential construction projects in that neighborhood. The existing 12-unit apartment would be demolished to make way for the new construction at the corner of 7th and South Berendo streets,…

The Four Seasons Hotel in Jackson Hole could be up for sale. (Credit from back: Dhtrible, Pixabay) After Chinese authorities seized the insurance giant’s assets on Friday, reports have stated all will remain the same — for the time being at least, but apparently offers are being received. The Wall Street Journal reported that authorities…

From back: 2010 Mavericks Competition; Vinod Khosla (Credit: Shalom Jacobovitz; TechCrunch CC by 2.0) Tides may be about to turn in favor on those who’d like to buy a private slice of California’s beaches. Tech billionaire Vinod Khosla is taking what he calls a textbook case of “physical invasion of private property” all the way…