Los Angeles Business Journal

LA REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Zoning Out

Development struggles in part stoked by social media have Jerry Snyder strictly focused on entitled properties

Jerry Snyder talks L.A. development and why he’s no friend of social media.

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Apartment Deal Linked to Chinese Food Chain

ACQUISITION: Cherngs of Panda Express could be behind Pasadena pickup.

A Pasadena multifamily property has traded into local hands for $154 million.

Santa Monica Turns Away from Anti-Growth LUVE Initiative

Developers seeking to build in Santa Monica can take a sigh of relief after voters on Tuesday rejected the anti-growth Land Use Voter Empowerment initiative, also known as LUVE.

Santa Monica Lantana Complex Sold for $400 Million

In a sign of boom times for Santa Monica, the Lantana office campus sold on Monday for $400 million, or about $825 a square foot.

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Hotel Project Would Dig Deep for Beverly Hills

DEVELOPMENT: China’s Dalian Wanda OK with additional taxes, fees.

Chinese developer Dalian Wanda Group is poised to pay megabucks to the city of Beverly Hills in an unprecedented development deal for the construction of its elite condo-hotel project, One Beverly Hills.

L.A. City Council Signs Off on Frank Gehry Project

A Frank Gehry-designed project headed for Sunset Boulevard in Hollywood won Los Angeles City Council approval on Tuesday after a two-year planning process that dramatically reduced its scale.

Beverly Hills Outlines Lucrative Development Deal With Wanda Group

Chinese developer Wanda Group is poised to pay mega-bucks to the City of Beverly Hills in an unprecedented development deal for the construction of its elite condo-hotel project, One Beverly Hills.

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Trump’s L.A. Golf Course Still Carrying Handicap

REAL ESTATE: Property value may lie in residences.

Donald Trump is still looking for the green from his 2002 acquisition of an L.A. golf course.

Tishman Speyer Set to Buy Arts District Office for $25 Million

The company that owns New York’s Rockefeller Center is making a foray into L.A.’s up-and-coming Arts District.

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Lawsuit Flares Up Over $122 Million Sale of Bijan Store

A pair of Los Angeles-based businessmen who said they helped arrange the $122 million sale of the Bijan store on Rodeo Drive in July are suing two fashion companies connected to the deal, claiming to be owed a finder’s fee.

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Big Apple Firm Has Taste for Downtown Office

ACQUISITION: Tishman Speyer pays $25 million for couple of properties.

The company that owns New York’s Rockefeller Center is making a foray into L.A.’s up-and-coming Arts District.

Brentwood Town Center Brings in Paige Denim and Blue Bottle Coffee

The Brentwood Town Center is getting a shake-up. The compact retail center next to the Brentwood Country Mart recently signed five new leases worth more than $8 million, said Dan Blatteis, co-chairman at property owner Blatteis & Schnur Inc.

Netflix Signs Lease for Hollywood Studio Space

Netflix Inc. has signed a 10-year lease for soundstages and production offices at Sunset Bronson Studios, property owner Hudson Pacific Properties said in a news release.

Carnival Cruise Line to Double Size of Long Beach Terminal

Carnival Cruise Line has signed an agreement to more than double the size of its Long Beach terminal to accommodate larger ships.

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Construction Begins at Santa Monica Luxury Hotel

Construction has begun on a new 271-room luxury hotel and retail complex on Wilshire Boulevard and 7th Street in Santa Monica, according to the Kor Group, the real estate investment and management group developing the property.