On a November afternoon last year, people filled a Los Angeles City Council chamber to capacity. Most were there to ask council members to restart rent hikes on rent-stabilized apartments and end a nearly four-year freeze on raising ...
Pam O’Connor, the former mayor of Santa Monica, filed a proposal with the city on March 28 seeking to exclude multifamily properties from Measure GS, or the so-called mansion tax, according to a release last week. Measure GS, which ...
Sotheby’s International Realty has lost its regional manager for Southern California, Michael Williamson, to AKG Christie’s International Real Estate. Williamson has joined AKG Christie’s as a broker and regional manager, according to ...
JLL has hired former associate Kevin Sheehan to run its Los Angeles office following the mystery exit last month of veteran dealmaker Tony Morales. Sheehan, who had worked for North America Sekisui House, a residential developer based ...
Converting thousands of empty offices to homes in L.A.’s beleaguered Downtown at current building prices — forget it. That was the conclusion of a panel of developers at the Los Angeles Office Conversions Summit hosted by Bisnow in the ...
River Plate has leased a 136,000-square-foot warehouse in Simi Valley in a deal valued at $15.6 million. The locally based product fulfillment firm signed a direct lease for the building it has subleased for years at 2950 Madera Road, ...
JMB Realty has scored funding to build its trophy Century City development, The Real Deal has learned. The Chicago-based investment firm secured a $575 million construction loan for 1950 Avenue of the Stars, where it plans to build a ...
Lew Horne thought he was going to run a pet store business. Then, he thought he’d sell computerized systems to wholesale grocers. Neither panned out. Instead, Horne runs CBRE’s operations across Los Angeles, Orange County and the ...
Los Angeles’ burden The taxes were supposed to be a boon for the city of Los Angeles. With a pumping luxury market and frequent commercial sales over $5 million, adding city transfer taxes on those sales seemed like a no-brainer for ...
Though Measure ULA has disproportionately affected the commercial industry, agents who sell the top 1 percent of real estate in the city of Los Angeles have also taken a hit. Some say their clients are now more focused on Beverly ...