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Month: March 2019

Hotel-apartment complex would rise by LA Convention Center transformation

Elliot Tishbi, CEO of Tishbees, LLC and A Plus Fabrics, and project site at 1323-1331 South Flower Street (Credit: Google Maps) A local developer has his sights set on a project that would rise on a prime piece of real estate in ...

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  • 13 Mar
  • The Real Deal
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Debate over Chicago megaproject shines light on developer’s lack of diversity in top ranks

Sterling Bay’s “People” webpage from last month versus the webpage now About 10 minutes into a three-hour City Council zoning committee hearing on Sterling Bay’s plan for Lincoln Yards, senior counsel Shelly Burke took to the ...

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  • 13 Mar
  • The Real Deal
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Shovel-ready industrial site in San Gabriel Valley sells for $47M

The Canyon City Business Center project spans 463,000 square feet (Credit: City of Azusa) The Los Angeles industrial market remains strong, particularly in San Gabriel Valley, where one local investor has sold a development site slated ...

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  • 13 Mar
  • The Real Deal
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Movers & Shakers: JLL hires tenant rep specialist, CBRE brings in new valuation leader

William J. Drewes, Andrew Ouvrier, and Kevin Bender     A handful of Los Angeles commercial real estate veterans have jumped ship, lured away by rival firms. Jones Lang LaSalle hired veteran tenant specialist Kevin Bender away from ...

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  • 11 Mar
  • The Real Deal
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Oklahoma oil chief taps into Bel Air for megamansion

Stephen Ives and bird’s eye view of home at Somma Way, which he wants to demolish. (Credit: Redfin) The head of an Oklahoma oil company did some prospecting in Bel Air, and now wants to build a mansion that could rival the ones from ...

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  • 11 Mar
  • The Real Deal
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Casey Wasserman slashes price on Foothill Estate to below $100M

Cassey Wasserman and the Foothill Estate In the $100 million market, add another luxury property to the growing list of discounted mansions. The Foothill Estate, a modernist residence with ties to Hollywood heavyweights, has re-listed ...

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  • 11 Mar
  • The Real Deal
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Goodwin law inks lease in Santa Monica, lured by growing tech hub

David Hashmall, chairman of Goodwin, and Andrew J. Weidhaas, partner co-chair of private equity for Goodwin with 520 Broadway (Credit: Google Maps) Goodwin law firm has inked a lease for its second office in Los Angeles, this one in ...

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  • 11 Mar
  • The Real Deal
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James Perse, fashion minimalist, lists Point Dume estate at maximum price tag

James Perse’s home in Point Dume follows the minimalist style he’s known for in the luxury retail world Almost everything that comes from fashion designer James Perse is focused on minimalism. Almost. The luxury lifestyle creator has ...

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  • 11 Mar
  • The Real Deal
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Hanover makes headway on big resi complex in Warner Center

Hanover Co. founder Murry Bowden and 6636 North Variel Avenue (Credit: Google Maps) Hanover Company is ready to start on its big apartment building project in Warner Center, which will see a flood of new residential development in the ...

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  • 11 Mar
  • The Real Deal
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LA slows its roll on rising rent prices

The Ashby apartments in Koreatown Good news for renters — Los Angeles rents are rising at their slowest rate in five years. Average monthly rent for a one-bedroom apartment is now $1,720, a 2.6 percent increase from a year ago while a ...

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  • 11 Mar
  • The Real Deal
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