Hollywood director and producer Joe Carnahan is selling his Pacific Palisades home for $3.89 million.
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.
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.
Miami Marlins outfielder Ichiro Suzuki has sold his downtown Los Angeles penthouse to eSports pioneer Alexander Garfield for $2.45 million.
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.
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.
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.
The biggest spec house in Los Angeles has hit the market, clocking in at 40,000 square feet.
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.
REAL ESTATE: Brokers see foreign buyers scuttle deals.
Immigration concerns have some foreign buyers moving out of local deals.
CONSTRUCTION: Proposal would expand pay guidance.
Residential developers warn prevailing-wage expansion could scuttle projects.
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.
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.
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.
A mix of 53 townhouses and condos are under construction in the Pacific Palisades and about to begin presales, according to the developers.