The Los Angeles City Council voted in favor of increasing the minimum wage for hotel workers to $30 an hour by 2028. Now it heads to Mayor Karen Bass. If she signs, more distress could follow. Los Angeles’ hotels suffered throughout ...
Retail’s working with a mixed bag. Nowhere was that clearer than this past week when the industry descended in Las Vegas for the International Council of Shopping Centers’ annual confab. ICSC estimated more than 20,000 attendees were ...
Cityview has gotten the green light from the Los Angeles City Council to begin construction on its latest mixed-use apartment complex in Westchester. The approval comes after the project faced an appeal from the Supporters Alliance for ...
Ethan Penner, the pioneer of commercial mortgage-backed securities, has all but declared he was running for governor of the Golden State. The nonpartisan CEO of Calabasas-based Mosaic Real Estate Investments took aim at Gov. Gavin ...
A low-rise office building next to Newport Beach’s swanky Fashion Island mall just sold for $11.5 million, fetching $756 per square foot. A local private partnership offloaded Olen Pacific Plaza, located at 1303 Avocado Avenue, with ...
As offices empty out in Downtown Los Angeles, renters have filled up Downtown apartments and put upward pressure on rents. Multifamily occupancy rose to 90.8 percent in the first quarter ending in March, from 90.1 percent a year ...
Hines has beat back a second appeal trying to block a 13-story office building, winning a final go-ahead in Downtown Los Angeles. The Houston-based developer was approved by the City Council, which denied a labor-backed appeal against ...
Unfinished construction didn’t deter a buyer from going into contract on a $31.5 million Bel-Air estate that’s expected to be valued for millions more once work is completed. The property at 1341 Linda Flora Drive marked last week’s ...
Damavandi Capital is going bigger than originally planned for its latest multifamily development in Santa Monica. The West Hollywood-based firm, formerly known as Dylan Investment Properties, has filed revised plans to boost the size ...
The Los Angeles City Council will hold a final vote on a proposal to increase minimum wage for hospitality workers to $30 an hour by 2028 on Friday, May 23. If it passes, which most expect it will, and Mayor Karen Bass signs it, ...