Month: February 2018

Brad Grey and the Holmby Hills estate, Charlie Sheen and his home (Credit: IMDB, Zillow, Realtor, Wikimedia Commons) The home of the late Paramount executive Brad Grey went on the market this week, asking $77.5 million. Grey and his wife, Cassandra, completed the 12,800-square-foot home less than two years ago. The Carolwood Drive estate includes…

Scott Dazzan, Property at 23800 Malibu Crest Drive (Credit: Unvarnished) Coldwell Banker broker Sandro Dazzan is packing his things and taking his multimillion-dollar developer with him. The Malibu native is leaving a seven-year-long partnership at the firm to lead the Agency’s Malibu office at 2261 Pacific Coast Highway. It will officially open next month, when…

The 94-room hotel planned for Sunset Junction (Credit: Frost/Chaddock via Curbed) Silver Lake’s most resilient developer still hasn’t given up. Frost/Chaddock Developers has filed plans to include a boutique hotel in with a trio of buildings it wants to construct in Silver Lake’s Sunset Junction. The 94-key hotel would replace previous plans for an 84-unit…

From left, Home61 agents Pilar Duque, Gustavo Berastegui and Manfred Velette A Miami startup brokerage said it will begin charging a flat fee to home sellers, trying to lure customers away from larger agencies that operate on a percentage-based commission scale. Home61, a technology driven brokerage, will charge the $6,100 fee on the seller side…

Rendering of the tower at 601 S. Main Street and Barry Shy (Credit: Loopnet, Getty) The City Planning Commission has approved two residential towers that Barry Shy wants to build in Downtown Los Angeles, marking a major step forward for the four-year-old project that has stirred controversy. Both projects still require approval from City Council.…

Rendering of property at 110 S. Boyle Avenue A development firm is planning a 44-unit affordable housing apartment at 110 S. Boyle Avenue in Boyle Heights, amid Los Angeles’ deepening affordable housing crisis. Azure Development of Commerce, California, filed plans for the 36,500-square-foot project, dubbed “1st and Boyle.” The five-story building would rise on a…

From left: Spring Place in New York, with property at 9800 Wilshire Boulevard (Spring Place/Gores Group) UPDATED, Thursday, February 22, 2018, 6:25 p.m.: The Italian investment and development firm Est4te Four has signed a lease to open Spring Place, a co-working membership club, in Beverly Hills, The Real Deal has learned. It will occupy roughly…

Architect Frank Gehry and the iconic Walt Disney Concert Hall (Credit: Getty Images) Frank Gehry, the architect best known for his undulating designs and well, his frankness, opened up about past projects, bossy clients, the state of development in Los Angeles and New York, and his own future. In an interview with the Commercial Observer,…

Figueroa at Wilshire (Credit: Wikimedia Commons) A proposed ballot initiative could raise up to $10 billion a year by changing the way commercial and industrial property values are assessed. About 60 percent of that money would be funneled to local governments, with the remaining 40 percent allocated for schools. The office of state Attorney General Javier…