Month: November 2022

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From left: DirecTV’s Bill Morrow and Kilroy Realty’s John Kilroy with 2250 East Imperial Highway (Getty, Kilroy, Cablefax, Point2Homes) Kilroy Realty has agreed to settle a lawsuit with AT&T over DirecTV’s headquarters in El Segundo, about 10 days before trial was set to start, court records show. In April last year, DirecTV’s former parent company…

Election 2022: What does it mean for LA real estate?

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From left: Rick Caruso and Karen Bass (Getty) After months of signature-gathering and door-knocking, hundreds of millions of dollars spent and untold hours of backroom lobbying, the Nov. 8 election — or, more accurately, the November-ish election, because of California’s slow but inclusive vote counting — has finally wrapped. So what do the results mean…

Borstein Enterprises seeks to build subdivision in Rosemead

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From left: Bornstein Enterprises’ Loren Borstein, Alan Borstein, and Craig Borstein with 8601 Mission Drive (Bornstein Enterprises) Borstein Enterprises aims to build 29 single-family homes and eight duplexes in the west San Gabriel Valley. The Sawtelle-based developer has filed plans to build the 37 homes on a vacant lot at 8601 Mission Drive in Rosemead,…

MemorialCare to convert shuttered San Clemente Hospital into senior housing

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A photo illustration of MemorialCare Health’s Barry Arbuckle along with the current site at 654 Camino De Los Mares in San Clemente (top) and a rendering of the planned senior housing redevelopment (bottom) (Getty, Google Maps, MemorialCare Health) A shuttered community hospital in San Clemente will soon be replaced by 250 homes for seniors, ending…

OC home sales tumble 35% year-over-year

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(Getty) Home buyers have hit the brakes in Orange County, with sales falling by a third since last year because of rising mortgage rates. Residential transactions in October slipped 35 percent from the same period last year, the Orange County Business Journal reported, citing a report from CoreLogic. The year-to-year dropoff in sales comes after…

Bass asks Garcetti staff to stay until spring

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Karen Bass with 200 N Spring St (Getty) In with the new chief, and stay in with the old staff. Los Angeles Mayor-elect Karen Bass has invited all of the staff in Mayor Eric Garcetti’s office to remain at their desks through April, the Los Angeles Times reported. The move to extend the status quo…

Music executive Irving Azoff exits Holmby Hills with a $25M payout

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Irving Azoff with 10224 Charing Cross Rd (Getty, Realtor) Developer and music business manager Irving Azoff has left his Holmby Hills mansion with a $25 million payout. Azoff and his wife Shelli sold their 9,700-square-foot home at 10224 Charing Cross Road for $2,579 per square foot on Nov. 4, according to property records. The buyer…

Parthenia Partners to build 55 apartments in North Hills

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8747 Parthenia Place in North Hills (Google Maps, Getty) A one-story commercial building will be demolished to make way for a 55-unit apartment building in the North Hills neighborhood, according to plans filed with the city of Los Angeles on Nov. 22. The project site, located at 8743-8747 North Parthenia Place near the major thoroughfare…

Johnson Group sees self-storage at Woodland Hills hotel site

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Johnson Development Associates’s Geordy Johnson with 21101 West Ventura (Geordy Johnson via Twitter, LoonNet) In another sign of L.A.’s self-storage boom, Johnson Development Associates, an arm of the South Carolina-based Johnson Group, plans to build a warehouse facility on the site of an existing Courtyard by Marriott hotel in the San Fernando Valley. The roughly…

Nonprofit to build 91-unit apartment complex in Van Nuys

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