LA REAL ESTATE

Producer Joe Carnahan Lists Pacific Palisades Home for $3.9 Million

Hollywood director and producer Joe Carnahan is selling his Pacific Palisades home for $3.89 million.

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Office Developers Find Home in Residential Area

ACQUISITION: Co-owners expect multifamily boom to feed interest in work space.

The eight-story office building at 520 N. Central Ave. in downtown Glendale sits on a street where several apartment complexes have popped up in the last couple of years.

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Santa Monica Retail Site Piazza Montana Sells for $15.5 Million

A Mediterranean-style retail building on Montana Avenue in Santa Monica recently sold for $15.5 million, or $1,582 a square foot, according to brokerage NAI Capital.

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Miami Marlins’ Ichiro Suzuki Sells L.A. Penthouse to ESports Entrepreneur for $2.45 Million

Miami Marlins outfielder Ichiro Suzuki has sold his downtown Los Angeles penthouse to eSports pioneer Alexander Garfield for $2.45 million.

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High-end Homes May Face Lower Demand

High-end home brokers see signs that East Coast slowdown could move to Los Angeles.

Developers and brokers of high-end homes in Los Angeles are seeing cause for concern in East Coast luxury markets such as New York and Miami, where prices have softened and sales volume has waned.

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Hudson Pacific Properties Sells Office Building, Land for $35 million

Hudson Pacific Properties Inc. has sold an office building and an adjacent 1.2-acre plot of land in Santa Monica for $35 million to Santa Monica-based solar power provider Cypress Creek Renewables. The deal closed March 21 and was announced this week.

Aging Echo Park Retail Buildings Acquired for $9.5 Million

Champion Real Estate Company has acquired a collection of aging retail buildings on Sunset Boulevard in Echo Park for $9.5 million. The company plans to repurpose them into a mixed-use development of retail, restaurants, and residential lofts called BrickWorks.

Largest Los Angeles Spec Home Hits the Market for $75M

The biggest spec house in Los Angeles has hit the market, clocking in at 40,000 square feet.

Trump’s Ban On Travel Hits Home in L.A.

TOURISM: Board works to reassure international visitors.

City agency looks to position Los Angeles as a draw despite an expected drop-off from U.S. travel ban.

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Trump’s Ban On Travel Hits Home in L.A.

REAL ESTATE: Brokers see foreign buyers scuttle deals.

Immigration concerns have some foreign buyers moving out of local deals.

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Bill May Open Residences to Prevailing Wage

CONSTRUCTION: Proposal would expand pay guidance.

Residential developers warn prevailing-wage expansion could scuttle projects.

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Developer Thinks Small With Hotel

Capital Foresight places big bet on micro-room restoration of Mikado building in Little Tokyo.

Developer Capital Foresight sees a big opening for a micro-unit hotel in Little Tokyo.

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Affordable Housing Initiative Challenged

Out-of-state construction worker files lawsuit over Measure JJJ’s rules on local hiring preference.

Out-of-state worker has filed suit over the hiring requirements of an affordable housing measure.

NSB Gets Going on El Segundo Venture Designed by Frank Gehry

DEVELOPMENT: Construction Project Finds More Room for Office

After converting a former Xerox Corp. facility in El Segundo into nearly 200,000 square feet of creative work space, developer NSB Associates has begun construction on an adjacent parcel for a building designed by acclaimed architect Frank Gehry.

Luxury Condo and Townhome Project Coming to Pacific Palisades

A mix of 53 townhouses and condos are under construction in the Pacific Palisades and about to begin presales, according to the developers.

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