Month: February 2018

NFL commissioner Roger Goodell and the property (Credit: Hudson Pacific, Wikimedia Commons) The NFL Media has scored a lease extension for its Culver City offices. The sports network extended the term on its existing lease until 2021, stifling rumors of a possible departure to Inglewood. Hudson Pacific Properties is the building owners. The deal was…

Steve Wynn (Credit: Getty Images) Wynn Resorts will not pay Steve Wynn any severance following his resignation as chief executive and chairman of the casino company he founded after he resigned in connection with allegations he sexual assaulted several company employees, according to a filing with the U.S. Securities and Exchange Commission. Wynn’s original employment…

We are just under three weeks away from the first installment of our brand new quarterly event series! The Real Deal is kicking things off with an exclusive look at Westside development on March 7 at the Water Garden.                Click here to buy tickets Hear from industry experts including Culver…

Century City Towers (Credit: Wikimedia Commons) Los Angeles’ office market closed out 2017 with rents and vacancy rates holding steady, but Downtown fared worse, as vacancy rates there spiked, according to a new report. DTLA stood out for its high 20.6 percent vacancy rate, according Colliers International’s fourth quarter report. The area’s 1.7 million square…

5600 Hollywood Boulevard The real estate development firm LI Investments is planning a six-story, 32-unit apartment at 5600 W. Hollywood Boulevard in Hollywood. Three of the units will be designated affordable. L.A.-based LI Investments, which is now seeking building permits, purchased the 9,580-square-foot site in April 2015 for $3 million, according to Real Capital Analytics.…

The El Cortez Motel at 5746 Sepulveda Boulevard A Developer has filed plans for a 73-key hotel in Van Nuys that would replace the aging motel complex that now stands there. The new, four-story hotel at 5746 Sepulveda Boulevard would have twice as many room as the existing one, which he also owns. Raju Patel’s El…

Charles Kushner and Laurent Morali U.S. tax authorities opened an investigation into lenders and investment partners of Kushner Companies sometime early last year, according to a new Bloomberg report, which cites a person familiar with the matter. Kushner Companies, however, said that “we have never been contacted about our taxes or an audit and to…

(Credit: Max Pixel, Pexels) Mortgage rates on 30-year, fixed-rate loans climbed to 4.38 percent this week, the highest they have been since April 2014. The rates last week stood at 4.32 percent, according to mortgage buyer Freddie Mac. The gains are a direct result of the rising yields for Treasury notes, which have been steadily…

53 West 53rd Street and a scene from movie “Day After Tomorrow” (Credit: Jean Nouvel and 20th Century Fox) When developers build supertall towers, they head to a small handful of specialized facilities that pummel building samples with disastrous conditions to make sure they can stand tall. There are only about three or four facilities in…

WASHINGTON ― When the next recession comes, many people who lose their jobs will have a harder time getting unemployment insurance, an important lifeline for most Americans. In several states, these people could have to pee in cups just to qualify. Those who don’t get benefits will have to settle for the sort of fake…