CIM Group has sold 888 at Grand Hope Park, a 34-story luxury residential tower in Downtown Los Angeles, for $186 million, The Real Deal has learned. The deal comes eight months after the company listed the property with an asking ...
Governor Gavin Newsom’s Proposition 1, a mental health bond measure that would provide $2 billion to build housing that was presented to voters on the California ballot last week, is leading by a whisker. The bond measure, which totals ...
A two-decade-long court battle over a vast Los Angeles real estate fortune within the Jogani family ended this week with a payout verdict valued at $10 billion. An L.A. jury added $3 billion in punitive damages to a multi-billion ...
Plans by Australian developers to build a 40-story housing tower inspired by giant redwood trees in Downtown Los Angeles have toppled with a resounding thud. The proposal by the Australia-based Crown Group, Magnus Property Pte and ASRI ...
Gov. Gavin Newsom has tipped the scales to help win approval for a $2 billion housing, hotel and retail project in Downtown Los Angeles. The governor issued an order to shorten the window for any environmental lawsuits against the ...
Ethan Weaver will face off against progressive L.A. City Councilwoman Nithya Raman in November, based on results of the March 5 elections. On the most recent ballot count, Raman held a lead with 45.75 percent of the votes, compared to ...
KBS Realty Advisors’ former chief auditor, Varun Aggarwal, has been sentenced to 33 months in prison for embezzlement, the U.S. Department of Justice announced Thursday. Aggarwal pleaded guilty in August to stealing $2.7 million from ...
Bardas Investment Group and Bain Capital Real Estate won final approval to build a 510,300-square-foot entertainment complex in Hollywood. The West Hollywood- and Boston-based developers got the go-ahead from the Los Angeles City ...
Alexandra Hack, a principal at Cedar Street Partners, has taken on an expensive endeavor. She’s one of a handful of developers testing out the viability of builder’s remedy in California’s courtrooms in order to get more housing ...
While the number of ED1 projects is poised to accelerate this year, a growing number of developers and advocates question the math behind it. Soon after assuming office, L.A. Mayor Karen Bass issued Executive Directive 1 in December ...