Month: July 2018

A rendering from DLR Group and EPT Design’s project Los Angeles continues to try and come up with new ways to tackle its homeless crisis. In the latest version, the Urban Land Institute and six architecture firms have designed temporary transitional shelters meant to ease people into permanent housing. Architecture firms DLR Group, Studio One…

David Fano and 15 West 27th Street (Credit: Google Maps) When WeWork started off in 2010, it made a name for itself as a solution for freelancers and small companies in search of a desk. In recent years, it started targeting big corporations as customers. Now, the co-working giant is turning its attention to the…

Eddie Murphy, Cher and the home (Credit: David Shankbone and David Carroll via Flickr) A 14-acre estate formerly belonging to pop icon Cher and comedian-actor Eddie Murphy has been relisted for $68 million, a $17 million price chop from when it was first marketed in 2016. Vicky Walters, widow of prominent real estate developer Raul…

(Credit: Pixabay, Max Pixel) The Mountain of Beverly Hills is a property of superlatives: the highest point in the 90210 zip code, the most expensive listing in Los Angeles’ history and, perhaps, the most over-priced. With its $1 billion price tag, the question is whether or not it will actually sell at a price even…

(Credit: Tydence Davis) A new cadre of hoteliers are championing the concept of apart-hotels, properties set up for longer-term stays, and they credit Airbnb with helping them see the light. Because of the short-term rental giant, the idea “that there could be some advantages to a residence versus a room,” has proliferated and sparked inspiration in…

(Credit: Pixabay) Despite stigma, some sellers are voluntarily stepping up to the auction block. For some, opting to auction their properties in order to salvage a sale after a listing has been on the market for longer than normal, according to Mansion Global. “Days on market are not your friend. It’s like U.V. rays from…

Ellen DeGeneres and part of the estate, Ed Fishman and the home (Credit: celebrityabc via Flickr) This week a Montecito home traded from one Hollywood powerhouse to another. Comedian and talk show host Ellen DeGeneres sold her home to Netflix executive Ted Sarandos for $34 million. That’s roughly $5 million more than DeGeneres and her…

Charles Tourtellotte with a rendering of 7617 Santa Monica Boulevard (Credit: City of West Hollywood) In West Hollywood, local developer LaTerra Development is making headway with its plans to replace a car wash on Santa Monica Boulevard with a new, four-story residential building. The Century City-based developer has released renderings for its 71-unit apartment building…

Porsche Design Tower (Credit: Max Pixel) Federal prosecutors charged eight people on Wednesday in an alleged scheme to launder more than $1 billion embezzled from the Venezuelan state-owned oil company PDVSA, using Miami real estate and fake investments. The criminal complaint further alleges that the former legal counsel to the Venezuelan Ministry of Oil and…