Month: October 2018

Rendering of tower at Hilton Los Angeles A wizard has cast its spell on Hilton Universal, and now a new tower will appear. The owners of the Hilton hotel complex next to Universal Studios theme park said they will expand the project with a new 15-story tower with 395 rooms. It will rise next to…

Hubilu Venture Corp and the house Hubilu Venture Corp., a publicly traded real estate firm, has acquired Lantana Investments and its single student housing asset near the University of Southern California campus. The deal, announced Tuesday, is the latest investment in the immediate areas surrounding the USC campus, which has become increasingly attractive to developers…

Stuart Miller (Credit: iStock) Lennar Corp. will sell its Rialto Investment and Asset Management to the private equity firm Stone Point Capital for $340 million. Miami-based Lennar announced the news on Monday in a release and said the sale is expected to close Nov. 30. The Wall Street Journal reported earlier this month that the…

Sunset Boulevard in West Hollywood. With a long history as a refuge of tolerance, West Hollywood has battled back in recent months against what it views as profiteering landlords trying to use rent-controlled apartments for short-term rentals. It has been a delicate balancing act. Earlier this year, the city council banned landlords from making money…

Rendering of CIM’s eight-story project at 926 Sycamore Avenue Months after announcing a new mixed-use office project in Hollywood, CIM Group has filed plans with the city to build out an additional 16,064 square feet of parking into multi-media production space. CIM had previously billed the project at 926 Sycamore Avenue as a mostly office development with…

Google streetview of 6320 S. Crenshaw Boulevard Three new mid-size apartment houses entered the construction pipeline last week, according to filings with the Los Angeles Department of City Planning. The buildings would add 55 new units to the City of Los Angeles. All three are mixed-income projects that would take advantage of the city’s “transit-oriented…

Edinger Plaza with Stockbridge executive managing editor Terry Fancher (Credit: CBRE) Orange County’s commercial market continued its hot streak this month with a new record for highest-priced retail sale. Stockbridge Capital Group purchased the Edinger Plaza shopping center in Huntington Beach for $65.5 million, the Orange County Business Journal reported. The 155,275-square-foot center is on…

From left: Susan Daimler, Matt Daimler, and Zillow Group CEO Spencer Rascoff (Credit: Twitter) StreetEasy general manager Susan Daimler has been tapped for a national role running Zillow Group’s Premier Agent program — the lucrative advertising feature that last year roiled New York brokers, resulting in a probe by state regulators. The Seattle-based listings giant…

CEO and co-founder Alex Chatzieleftheriou UPDATED, Oct. 29, 4:30 p.m.: Blueground, a “hospitality tech company” that offers fully-furnished units mostly to business travelers, is setting foot in Los Angeles. Originally founded in Greece, the firm leases apartments from developers, later furnishing the units and subleasing them to individuals or corporations at a markup. The length…

Invesco Real Estate Co. CEO Scott Dennis and the Hive campus Invesco Real Estate has paid $84 million for the three-building Hive creative office campus in Costa Mesa. The 181,800-square-foot complex sits on 14.2 acres at 3333-3337 Susan Street and is entitled for another 65,000 square feet of development, according to the Orange County Register.…