Month: March 2018

Photo illustration: Coldwell Banker’s Joyce Rey and Hilton & Hyland’s Jeff Hyland, with Canon Drive restaurants Josh Flagg, star broker and one of the faces of Bravo’s “Million Dollar Listing,” knows the importance of a prime location. For Flagg, that means maintaining his Rodeo Realty office on Canon Drive in Beverly Hills, and spending some…

Rendering of ICON at Panorama City (Credit: Hochhauser Blatter Associates) There’s been another change of heart for Icon Company’s massive mixed-use project in Panorama City. The Beverly Hills-based developer is now seeking approval for a 675-unit complex, a major increase from the previous round, when it asked for 422 units, according a notice filed with…

Home under construction Americans are ready to buy houses, but many of the houses just aren’t there. A decade after the housing collapse, home construction per household is near its lowest level in 60 years, according to the Wall Street Journal. This is happening despite a fairly strong economy and a growing desire among millennials…

Facebook co-founder Mark Zuckerberg, and Brickyard office in Playa Vista (Credit: Tishman Speyer, Wikimedia Commons) Facebook is in advanced discussions to lease space at the Brickyard office campus in Playa Vista, The Real Deal has learned. Sources said the Menlo Park behemoth is set to occupy roughly 122,000 square feet on the property. New York-based…

Hudson Yards, Jeff Blau and Chuck Grassley Sen. Chuck Grassley is blaming “moneyed” New York developers for crushing proposed legislation that would have extended the EB-5 visa program for five years. In a series of tweets on Friday, the Republican senator from Iowa indicated that his “EB-5 Reform Act” would not be included in the…

3700 Wilshire Boulevard and Dr. David Lee The city has halted Jamison Services from building a controversial 500-unit mixed-use tower in Koreatown, which would have demolished an existing office and one of the area’s few remaining green spaces. In February, Jamison founder Dr. David Lee allegedly threatened a parks group opposing the 36-story proposed residential…

(Credit: Wikipedia) Residential construction is on the upswing in Downtown Los Angeles, geared in large part to the young and wealthy Angelenos. But construction has outpaced retail options, particularly grocery stores, according to a new survey. The Downtown Business Improvement District surveyed more than 6,000 people, finding 80 percent of respondents wanted more retail options.…

Raymond Quirk The “Big Four” title insurance players are about to become the Big Three. Industry heavyweight Fidelity National Financial has signed an agreement to buy rival Stewart Information Services Corp. for $1.2 billion in cash and stock, the company said Monday. Pending shareholder and regulatory approval, the deal could close by the second quarter…