Month: July 2018

Phoenix, Arizona (Credit: iStock) You might be able to rent a two-bedroom apartment in Detroit for $500. But are you getting the most bang for your buck? Not according to WalletHub. The personal finance services company’s “Best and Worst Places to Rent in America” report has dubbed Phoenix as its top choice. The report counts…

Jamison’s Jaime Lee and the parking lot on St. Andrews Place Jamison is at it again. The firm filed plans to build a 226-unit residential building in its home turf of Koreatown, adding to more than a dozen big projects it has underway in the area. Out of the 226 units, 25 will be set…

An illustration of a proposed hotel, apartment, retail project for 8447 Santa Monica Blvd. as viewed from Sal Guarriello Park (Credit: MAD Architects) A West Hollywood hotel and restaurant project at the site of Barney’s Beanery is getting a design overhaul. But lost in the new concept would be the gastropub itself. Under a revised…

(Credit: Wikimedia Commons) Toys “R” Us is bringing in Raider Hill Advisors to help sell off 284 stores, distribution centers and other properties around the country. The move comes four months after the once mighty toy retailer announced it would shutter all of its stores following its bankruptcy. The company announced that New York-based Raider…

Cushman & Wakefield’s Brett White, 225 West Wacker Drive, and China Vanke’s Zhu Jiusheng (Credit: Hines and Getty Images) Ahead of its initial public offering, Cushman & Wakefield struck a deal to sell roughly 5 percent of the company’s shares to a unit of China’s largest real estate firm. Cushman agreed to sell 10.2 million…

Hotel Hoxton by photographer Hunter Kerhart Restoration work on the façade of a future Hoxton hotel in Downtown is wrapping up. The British developer Ennismore has removed the safety netting on the 10-story building at 1060 S. Broadway, revealing a crisp exterior with new windows, Urbanize reports. There’s still plenty of work to go — Ennismore…

Hotel Indigo (Credit: Gensler) Hotel development, both in L.A. and across California, remained strong in the first half of the year, fueled by high occupancy rates and profitable revenue streams. In Los Angeles County, the number of hotel rooms under construction has increased 25 percent year-over-year since January, according to a new semi-annual survey published…

Rendering of a proposed residential building on 16161 Ventura Boulevard (Credit: LADCP) A 114-unit residential development in Encino is moving forward, despite strong opposition from residents over its proposed scale and impact on traffic and parking. The city’s Planning Commission has approved the complex at 16161 West Ventura Boulevard, which will offer 65 one-bedroom units,…

Auditors peering into homes (Credit: iStock) People trying to flee steep taxes may find themselves stuck. High-tax states like New York make it difficult to leave, using aggressive methods to see whether people have really severed ties with their former homes, Bloomberg reported. In New York, the Department of Taxation can issue subpoenas to go…

(Credit: Orange County Register) Sales in Southern California slowed significantly last month, likely a result of a tight market and record-high prices in the region. The region saw its slowest June in four years for home and condo sales. The 22,706 homes that sold last month in six SoCal counties was 15 percent lower than…