Month: September 2024

Thrive Living has broken ground in Baldwin Hills on the first Costco Wholesale store in the nation to be covered by apartments. Thrive, a Los Angeles-based unit of Magnum Real Estate Group of New York, began building the six-story building with a ground-level big-box store topped by 800 apartments at 5035 West Coliseum Street, the…

Harridge Development Group aims to add nearly 300 homes to its Baldwin Hills Crenshaw Plaza in Baldwin Hills. The Century City-based developer led by David Schwartzman has filed plans to build 290 duplexes and single-family homes on two mall parking lots along Martin Luther King Jr. Boulevard, Santa Rosalia Drive and Marlton Avenue, Urbanize Los…

George Clooney is handing over the keys to his Studio City home after selling it for $14.5 million on Friday. The home at 3240 Iredell Lane is located in Studio City’s Fryman Canyon area, a woody neighborhood flush with exclusivity and gated estates. The mystery buyer was someone from the entertainment industry, according to a…

GPI Companies paid $92.5 million for the 292-unit Lofts at NoHo Commons, further bolstering the real estate investment firm’s presence in the L.A. market. The purchase price, confirmed by an industry source, pencils out to nearly $317,000 per unit for the property at 11179 Weddington Street in North Hollywood. The company nabbed a deal on…

It took a barrage of news about his graffiti-slathered mansions to compel producer John Powers Middleton to pipe up about their slow demise in the Hollywood Hills . The son of the billionaire owner of the Philadelphia Phillies issued a formal apology to his neighbors and the City of Los Angeles after complaints surfaced about…

A judge has ordered Howard Industrial Partners to halt work on a 213-acre warehouse project in Bloomington after the developer demolished more than 100 homes. Superior Court Judge Donald Alvarez told the Orange-based developer to put a stop to the 2.1 million-square-foot project after finding fault with the Bloomington Business Park’s environmental impact report, the…

It’s not far to the lav at the 24-bathroom mansion unveiled by Ardie Tavangarian above Bel-Air Country Club. The cost for the convenience: $177 million. The Los Angeles-based developer has listed the furnished, 35,000-square-foot speculative estate at 607 Siena Way, the Wall Street Journal reported. The eight-bedroom, 24-bath manse, dubbed Villa Siena, was completed in…

A bitter divorce between billionaire Tony Pritzker and his wife, Jeanne, may result in the sale of their 50,000-square-foot hilltop estate in Beverly Crest for as much as $200 million. The 3-acre compound built by the Hyatt hotel heir and his philanthropist spouse is slated to go on the market at 1261 Angelo Drive, the…

Aerospacelab has leased a 34,700-square-foot industrial building in Torrance for its U.S. headquarters and first U.S.-based manufacturing plant. The Belgian-based satellite-maker inked a deal for the three-story office and manufacturing building at 20000 South Vermont Avenue, Bisnow reported. Terms of the lease from landlord Park and Lauren, based in Compton, were not disclosed. “This was…

Count fashion label L’Agence as the latest creative to join the Harbor Building’s tenant roster. The Los Angeles-based women’s apparel company inked a 21,000-square-foot, 78-month office lease at 4201 Wilshire Boulevard. The fashion house expects to move into its new headquarters, which takes up half of the fifth floor, on Nov. 1. JLL’s Greg Astor…