Month: March 2019

Hi Duk Lee, the founder of the world’s largest Koreatown neighborhood in the heart of L.A. (Credit: Vimeo) Hi Duk Lee, the founder of the world’s largest Koreatown neighborhood in the heart of L.A., died this month after battling cancer. He was 79. His push for a centralized community around Olympic Boulevard opened doors for…

LACMA director and CEO Michael Govan The Los Angeles County Museum of Art’s massive expansion will be a little smaller than first advertised. A new environmental impact report shows that the $650 million expansion will now add 347,000 square feet to the complex, or 10 percent less than planned, according to the Los Angeles Times.…

In the first three weeks of March, about 16 percent of buyer offers faced a bidding war (Credit: iStock) So long are the days of competitive buyers and numerous bids — at least for now. A new report finds that homebuyers today are facing much less competition from other prospective buyers than they did a…

Bobby Berk, the home redecorating expert on the Netflix show “Queer Eye” is teaming up with Redfin (Credit: Getty) Redfin has a new public face, at least for the time being: Bobby Berk, the home redecorating expert on the Netflix show “Queer Eye.” As part of the brokerage’s recent ad campaign, Berk talks about how…

Construction in South Florida South Florida construction starts plummeted for the second straight month. Total construction starts declined 63 percent on a year-over-year basis in February to $589 million, according to a new report by Dodge Data & Analytics. Commercial real estate saw the biggest drop, falling 78 percent to $190.1 million, while residential starts…

WeWork private event spaces in ChicagoAlex Nitkin As competitor Convene ramps up its expansion into Chicago, WeWork is inviting members and non-members alike to book private events at several of its local offices. The co-working giant announced this week it will offer four spaces at three of its nine city locations where companies can book…

From left: Ellen DeGeneres and her home she listed on the market, and Harry Morton, and Elvis and Priscilla Presley (Credit: Getty Images, Wikipedia, and Realtor) Ellen DeGeneres can always be counted on to generate some activity in the residential real estate market. The talk show host put one of her many properties on the…

The Crown Building at 730 5th Avenue and a “Cosy” small room at the Hoxton at 97 Wythe Avenue in Williamsburg (Credit: Aman and Hoxton) There are an unprecedented number of new hotel projects opening in New York City. And operators are exploring news ways to lower prices — and raise them. Two major trends…

Tents and belongings of the homeless line a street in downtown Los Angeles (Credit: Getty Images) Government subsidies are aimed at easing the housing crunch in Los Angeles, allowing those who can’t afford the city’s rising rents to have a place to live. But the subsidies require the willingness of landlords, and fewer of them…