Month: March 2018

Marlon Brando and his home, Carroll O’Connor and Broad Beach (Credit: Sothebyshomes, Wikimedia Commons) It’s a lot nicer than Archie Bunker’s place. And it’s as close as most fans of the man who played the cantankerous “Archie Bunker” are going to get to his fictional home. The actual former home of the late actor Carroll…

Rendering of addition at 3663 Wilshire Boulevard (Credit: OMA) The historic Wilshire Boulevard Temple has released plans for its new addition next door, nearly three years after first announcing the idea. Designed by Rem Koolhaas’ Office for Metropolitan Architecture, the new 55,000-square-foot structure will offer a banquet hall, commercial kitchen, meeting rooms and a rooftop…

Watts Plaza Last month, the co-working firm Industrious closed an $80 million round of funding. Now, the company has signed two new leases in Century City and Irvine totaling 64,000 square feet, adding to its existing locations in West Hollywood and Downtown. The larger of the two new spots is 40,000 square feet at 1925…

The Real Deal’s annual insider’s look at what’s unfolding in retail markets across the country will be available in May 2018. This year’s issue will include: -A ranking of top retail brokerages -An analysis of the shifting tenant mix in the biggest malls -A deep dive into the future of retail REITs -Comprehensive lists of…

Rendering of Van Nuys Boulevard project Another mixed-use complex is heading to the San Fernando Valley. Ketter Construction proposed a 174-unit complex that would include 18,400 square feet of ground-floor commercial space and 400 parking stalls, Urbanize reported. The developer has set aside 10 units for “Very Low Income” residents. The project, dubbed Van Nuys…

Santa Fe Lofts at 121 E. 6th Street A joint venture led by MWest Holdings has acquired an 11-story residential building in Downtown, expanding the investment firm’s presence there. Sherman Oaks-based MWest and New York-based equity fund GreenOak Real Estate purchased the Santa Fe Lofts for $68.5 million, or $519,000 per unit, the L.A. Business Journal…

Josh Altman and the entrance leading to the Sunset Plaza Drive house The owners of a historic Hollywood Hills home have sued “Million Dollar Listing” star agent Josh Altman for fraud and breach of contract for allegedly duping them into a deal to sell the home at a steep discount to one of his friends.…

Homes in South Florida (Credit: Getty Images) Are U.S. subprime mortgage securities making a comeback? The issuance of bonds backed by home loans too risky to qualify for Fannie Mae or Freddie Mac’s quasi-insurance almost doubled year-over-year in the first quarter of 2018, to $1.3 billion from $666 million. Matt Nichols, who heads the North…

Ben Carson (Credit: Wikimedia Commons) The U.S. Department of Housing and Urban Development, led by Secretary Ben Carson, is rolling back efforts to enforce federal fair housing laws. A New York Times investigation found that HUD’s Fair Housing and Equal Opportunity Division is pausing a handful of investigations that President Obama’s administration made a priority.…