Month: March 2022

Nike’s John Donahoe with 5533 Waters Edge Way (Getty, Mike Kelley) Nike has expanded its presence in Silicon Beach by filling up a 161,000-square-foot office building in Playa Vista. The global sportswear brand has now taken up the entire WE3 building at the Water’s Edge campus at 5533 EA Way, expanding its lease by 93,000…

(iStock) Pay 1,500 a month on rent within the city limits of Los Angeles and you’ll get 454-square-foot of elbow room, on average. Drive east 25 miles or so to Covina, and that same $1,500 will score a 673-square-foot space. In Palmdale, 65 miles north of L.A., it fetches a 766-square-foot apartment. Those comparisons come…

English pop singer Robbie Williams (RedFin) Robbie Williams has another exclusive Los Angeles address. The British pop star spent $49.5 million for 312 N. Faring Rd. in Los Angeles’ Holmby Hills district, according to the Wall Street Journal. The deal comes on the heels of Williams selling a 20,000-square-foot mansion in Los Angeles’ Beverly Crest…

Whittier (City of Whittier, iStock) The site of a former Alpha Beta supermarket in Whittier will be redeveloped as part of a $200-million mixed-use housing project, with hundreds of new condominiums and apartments. The City of Whittier has selected Uptown Partners to redevelop eight city-owned lots, including the location of a long-ago demolished Alpha Beta…

Oceanwide Plaza in Los Angeles and the island of Oahu (iStock, RTKL Architects inc.) Oceanwide has officially trimmed back to one development in the U.S. — its unfinished, 2 million-square-foot Oceanwide Plaza project in Downtown Los Angeles. Earlier this month, the China-based developer signed a deal to sell a 484-acre site in Hawaii for $92.9…

620 Arkell Dr., Beverly Hills (Compass) An 18,400-square-foot hilltop mansion with walls of glass has hit the market in Beverly Hills for $88 million. The newly completed eight-bedroom, 11-bath home at 620 Arkell Dr. in Trousdale Estates–dubbed “The View Estate–sits on a promontory overlooking Los Angeles, the Wall Street Journal reported. The seller is 81-year-old…

CTRL Collective CEO Charles “Duke” Runnels with 45 South Arroyo Parkway (LinkedIn, Loopnet, iStock) A co-working firm in Los Angeles has filed for bankruptcy after bringing its locations down to a standalone space in Pasadena. CTRL Collective filed for Chapter 11 bankruptcy, declaring about $4.2 million in liabilities and $529,300 in current cash, according to…

Victor MacFarlane and R. Donahue Peebles with renderings for Angels Landing at Fourth and Hill streets in Los Angeles (McFarlane Partners, Wikipedia, Handel Architects) Los Angeles city planners have approved Angels Landing, a $1.6-billion hotel-retail-housing complex to rise on Bunker Hill in Downtown Los Angeles. Angels Landing Partners, a joint venture between Victor MacFarlane and…

Rendering of the new LA Chargers HQ (Gensler) Continental Development and Mar Ventures have scored a touchdown, bagging a financing package for their proposed development of a new headquarters for the Los Angeles Chargers. CTL Capital provided $276 million in construction and permanent financing for the planned 14-acre site, according to an announcement from Sonnenblick-Eichner,…

Aera Energy’s Erik Bartsch and renderings of Brea 265 (Aera Energy, Brea 265) A 140-year-old oilfield outside of Brea might soon be redeveloped with more than 1,100 homes. Bakersfield-based Aera Energy, whose Brea 265 project has just undergone an environmental study, awaits final approval for its 265-acre development planned for a mostly unincorporated region east…