LA REAL ESTATE

Westwood’s Claremont Hotel Sells for $12 Million, to Get First Renovation

Westwood’s oldest hotel is slated for a makeover. The 55-room Claremont Hotel on Tiverton Avenue, built in 1940, has sold for $12.25 million to Shamina Investments, which intends to give the building its first major renovation, the new owner said Wednesday.

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Nicolas Berggruen Purchases Former Edith Mayer Goetz Estate in Holmby Hills for $40 Million

Nicolas Berggruen, once known as the “homeless billionaire,” has purchased the former Holmby Hills mansion of socialite Edith Mayer Goetz for $40 million, listing agent Aaron Kirman of John Aaroe Group said.

Cushman & Wakefield Takes Lease at Downtown’s Wilshire Grand

Cushman & Wakefield has signed a 12-year lease to occupy the 24th and 25th floors of downtown’s Wilshire Grand Tower, the real estate services firm said Monday.

Kennedy-Wilson Holdings Set to Acquire European Subsidiary

Kennedy-Wilson Holdings Inc., a Beverly Hills-based real estate investment company, is reeling in its European subsidiary.

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Partnership Linked to Sons of Armenian Finance Minister Sells Holmby Hills Mansion for $18.8 Million

A limited liability corporation linked to two sons of the Armenian finance minister, Gagik Khachatryan, has sold a home it owned across the street from the Playboy Mansion in Holmby Hills for $18.8 million.

Marilyn Monroe’s Brentwood Home Where She Died Listed at $6.9 Million

The Brentwood house where Marilyn Monroe lived and died has hit the market for $6.9 million.

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West’s Tallest Tower Leans Toward Major Tenant

LEASE: Government group in talks to take two floors at Wilshire Grand Center.

The 73-story Wilshire Grand Center, the tallest tower in the West, is close to signing its first major office tenant.

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Sean ‘Diddy’ Combs’ Business Partner Lists Beverly Hills Home for $12.5 Million

Andy Schuon, who co-founded music-focused cable network Revolt Media & TV alongside hip-hop artist and entrepreneur Sean “Diddy” Combs, is selling his Beverly Hills home for $12.5 million.

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Wilshire Grand Offices Set to Ink Tenant

The tallest tower in the West, the 73-story Wilshire Grand Center in downtown, appears close to claiming its first major office tenant.

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Omninet Capital Buys Monterey Park Offices for $81 Million

A cluster of office buildings in Monterey Park has sold to Omninet Capital, a Beverly Hills-based real estate and venture capital fund, broker Newmark Grubb Knight Frank announced. The price tag was $81 million, according to a source familiar with the deal.

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Best Buy Signs Large Industrial Lease at Compton Brickyard

Best Buy Co. Inc. has snagged nearly half a million square feet of industrial space at the Brickyard in Compton, the property’s leasing broker said Friday, bringing the 58-acre project to full occupancy.

Moving Into Koreatown

DEVELOPMENT: Proximity to Westside, downtown, rail line fuels market’s attraction.

Koreatown has proved a popular middle ground between downtown and the Westside.

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Report: Major L.A. Employers Concerned High Housing Costs are Barrier to Attracting and Retaining Talent

The region’s high housing costs are deterring top talent from entering the Los Angeles job market and leading to higher recruiting costs for employers, according to a survey released Wednesday from USC and the Los Angeles Business Council.

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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