Month: January 2020

Lori Loughlin and Mossimo Giannulli are reportedly trying to sell their Bel Air estate Actress Lori Loughlin and fashion designer Mossimo Giannulli are trying to unload their estate next to the second hole of the Bel Air Country Club as the couple faces criminal charges emanating from the college admissions bribery scandal. TMZ first reported…

Airbnb operators cash In On Super Bowl LIV South Florida Airbnb operators are cashing in on Super Bowl LIV. This weekend, new, modern mansions on the Venetian Islands are advertised on Airbnb for $5,000 to $10,000 a night. A five-bedroom villa with a heated pool near Miami’s Brickell neighborhood is asking $4,600 a night. Nearly…

Forever 21 CEO Do Won Chang (Credit: Getty Images) Bankrupt fashion retailer Forever 21 asked a court to approve an auction, an option it hopes would keep it from liquidation. Forever 21 has been engaging in “substantial, round-the-clock negotiations” with an unnamed stalking-horse bidder and asked the court to approve the sale of “substantially all”…

Plans in the works for another multi-level building in East Hollywood A developer wants to add to the growing roster of mid-rise apartment complexes sprouting in East Hollywood. Kenneth Sauder — on behalf of Wakeland Wilcox LLC — has filed plans for a four-story, 62-unit building at 4904-4920 W. Santa Monica Boulevard, county records show.…

Kent Kresa made $37 million on his Beverly Hills mansion build (Credit: Redfin and Getty Images) Kent Kresa, a giant of Los Angeles’s aerospace industry, has unloaded a Beverly Hills mansion he developed for $37 million, Los Angeles County property records show. A limited liability company Kresa manages — titled 512 Perugia Way — sold…

Knotel CEO Amol Sarva (Credit: Sasha Maslov) As WeWork crumbled last year, one onlooker watched with glee. Amol Sarva, who as CEO of office-space firm Knotel had needled his high-flying rival for years, finally had his moment. “We’ve been waiting for the music to be over,” Sarva told the Financial Times. “And now the music…

Here are a few real estate events coming up next week: Host: Greater Los Angeles Realtors Association Date: Feb. 5 Time: 5:30 p.m. to 7:30 p.m. The Greater Los Angeles Realtors Association is holding a networking mixer at Busby’s East, 5364 Wilshire Boulevard, from 5:30 p.m. to 7:30 p.m. Attend for an evening of food…

Cadre founder Ryan Williams and Allen Smith (Credit: Michael McWeeney) Real estate investment startup Cadre has hired Allen Smith, the former CEO of Four Seasons, as its president. Smith spent four years at the hotel company, departing in 2018. Before then, he was the CEO of Prudential Real Estate Investors, the Prudential Finance subsidiary that…

A multifamily building could replace this auto body shop (Credit: Google Maps) Culver City and the adjacent L.A. Palms neighborhoods aren’t quite turning into Manhattan, but they’re growing compared to the rest of the Westside, with another major project in the offing. Bastion Development Corp., a Vancouver-based developer, submitted plans to the city of Los…

(Credit: iStock) The U.S. homeownership rate is now at its highest point in six years, signaling continued confidence in the market despite anxiety that the current cycle is nearing an end. Rates dipped in most big cities, which have priced out many potential buyers. According to fourth-quarter U.S. Census data released Thursday, 65.1 percent of…