Month: March 2018

Property at 4141 Santa Monica Boulevard in Silver Lake (Google Maps) The sun is just beginning to rise on Sunset Junction. Developer Timberlane Partners wants to open a 54-key hotel in Silver Lake, which will be the second hotel planned for the fast-developing neighborhood. The firm will repurpose an existing motel on site, formerly used…

Lincoln Property Company Los Angeles County’s five largest office sales of February totaled about $432 million, and included a 21-story tower and 13-acre office and industrial park. Lincoln Property Company was responsible for the two largest deals, shedding a pair of major properties for a total of $325 million and 650,000 square feet of office…

From left: Adam Neumann, Rebekah Neumann, Mark Lapidus, Arash Gohari, Granit Gjonbalaj, Adi Neumann and Albert Gjonbalaj In August 2015, Arash Gohari, co-founder of the real estate investment firm Xerxes Group, emailed friends and colleagues with some personal news.“I was approached recently by Adam Neumann of WeWork and asked to help him with the company’s…

Seyfarth Shaw’s Chairman and Managing Partner Peter Miller and Figueroa at Wilshire building International law firm Seyfarth Shaw inked a deal to occupy 58,000 square feet at Figueroa at Wilshire, a Brookfield Properties-owned building in Downtown Los Angeles. The firm is relocating to 601 S. Figueroa Street from the Bank of America Plaza, another Brookfield…

(Credit: Wikipedia, Max Pixel, Pixabay) The death of the once ubiquitous toy retailer Toys R Us is near, after the company announced it planned to close all of its 735 nationwide stores, ending months of efforts to salvage the iconic brand. The closures include its Babies R Us brand and come six months after filing…

(Credit: Paragon Coin, Max Pixel) You could call it a green space. A company that wants to use the blockchain to legalize cannabis worldwide is creating a coworking space in Hollywood strictly for small companies and freelancers working in the legal pot industry. Paragon is aptly calling its new space the Paragon Space, which will…

125 Greenwich Street, Madison Square Park Tower, 1 Seaport and Howard Lorber (Credit: Douglas Elliman and Getty Images) Douglas Elliman chief Howard Lorber earned $10.6 million last year — a modest drop following a year in which the residential brokerage struggled with profitability. Lorber’s haul included a base salary of $3.198 million, plus a $3.157…

Frank Gehry, with Colburn School (Credit: Getty Images, Wikimedia Commons) Frank Gehry, Los Angeles’ famous and famously outspoken architect, has been tapped to design the campus extension for the performing arts Colburn School. Once completed, it will mark the third Gehry-designed building in three blocks in Downtown L.A. The project, located along Grand Avenue between…

Lowe’s (credit: Getty Images, Pixabay) Real estate and politics should not mix. At least that’s according to an Alhambra advocacy group, whose members want to limit the ability of real estate developers to influence future elections through large donations. Grassroots Alhambra In Action told the city it would petition for a ballot initiative to cap…

Beijing, China China’s housing market is still growing, but the pace slowed down noticeably in the first two months of the year. The value of all home sales in January and February rose by 16 percent to $168 billion, according to Bloomberg. In December, the pace of growth had been 21 percent. The numbers don’t…