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Helen Zhao

Stories by Helen

Sons of Armenian Finance Minister Sell Holmby Hills Mansion for $18.8M

The two sons of Armenian Minister of Finance Gagik Khachatryan just sold their home in Holmby Hills, across the street from the Playboy Mansion, 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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Brokers Invest in Videos To Help Frame Mansions

HOUSING: Partners Trust duo drew on ‘La La Land’ to pitch $8.5 million home.

Some brokers make a big production out of creating potential viral videos to showcase high-end homes.

Real estate agents lay out strategies on how to bring home residential deals.

‘Going To War’

Agents talk the tricks that open the door to winning bidding wars for prime homes.

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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Commonwealth Business Bank Reports Net Income Rise in First Quarter

Commonwealth Business Bank released its first quarter earnings report on Tuesday, showing growth in net income and diluted earnings per share.

Restaurateurs Fill Plate With Coffee

Roy Choi, Daniel Patterson, and Tony Konecny form Yez Plz to seek heat at low price point.

Locol’s Roy Choi and Daniel Patterson aim to cut costs for cups of joe with Yes Plz venture.

Career as Agent Now Tough Sell

HOUSING: Licenses on wane as L.A. market harder to crack.

HOUSING: Agents and brokers are finding it tougher to live with the residential market’s challenges.

Roy Choi’s Locol Chain to Launch Affordable Premium Coffee Shops

Restaurateurs Roy Choi and Daniel Patterson, the team behind Los Angeles healthy fast-food restaurant chain Locol, are planning to scale up their premium affordable coffee brand, Yes Plz, with coffee windows and standalone shops.

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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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Businessman Helped Neighborhood Bounce Back

DEVELOPMENT: Vermont Avenue tenants credit lift to efforts by Leonardo Lopez.

Olympian Burgers’ Pete Zinelis lived through the Rodney King riots and the neighborhood’s recovery.

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Report: Hiring in Los Angeles Grows by 2 Percent

Businesses hired at a faster rate in March than in the year earlier, according to a monthly jobs report from professional social networking site LinkedIn.

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 Amenities Help Put Price on Mansions

REAL ESTATE: Developers, designers look to create next big thing to hook ultrarich.

Some multimillion-dollar homes make room for luxury offerings to attract high-net-worth buyers.

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Santa Monica a Hot Spot for Solar Power Venture

ACQUISITION: Sale of office property, adjacent lot brings Hudson Pacific $35 million.

Hudson Pacific Properties Inc. has sold an office building and adjacent plot of land in Santa Monica for $35 million to solar power provider Cypress Creek Renewables.

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.

REAL ESTATE: Brokers see foreign buyers scuttle deals.

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

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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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Luxury Car Dealer Sells Malibu Mansion for Nearly $16M

The owner of a luxury car dealership in Texas has sold his five-bedroom, six-bathroom oceanfront dwelling in Malibu for about $15.9 million, according to listing agent Madison Hildebrand of Partners Trust Malibu.

Cornfield Park Set to Open in April After Three-Year Closure

Residents of L.A.’s urban jungle will soon have access to more open green space.

Doctor’s Venture Nurses Physicians’ Home Loans

REAL ESTATE: Lenders say there’s less risk banking on medical field’s high incomes.

Dr. Peter Kim has found a healthy side gig in helping secure physician home loans for clients.

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USC’s Raphael Bostic Appointed President of Federal Reserve Bank of Atlanta

Raphael Bostic, a University of Southern California professor and former President Barack Obama housing administration official, has been named the next president and chief executive of the Federal Reserve Bank of Atlanta.

Home Brokers Put Money on Snap’s Millionaires

HOUSING: Agents scramble to connect sellers, buyers in pricey, tight Westside market.

Residential brokers are homing in on Snap employees enriched by the recent IPO.

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Market Known for Rental Properties Moves into Condo Projects

Diving in Downtown

Condo projects have come knocking downtown, a market traditionally targeted for rentals.

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Bel Air Spec House Asks $24.9 Million

A $24.9 million spec house has hit the market in Bel Air, developed by former Hollywood producer-turned-developer Tariq Jalil and architect Cain Calderon Leon, who also designed the home.

Councilman Suffers Monumental Defeat

Bob Hope’s family wins battle to keep estate in Toluca Lake from being hit with cultural status.

The battle that pitted the family of legendary entertainer Bob Hope against a Los Angeles City Council member has come to a close.

Workers in Silicon Beach Find Coast Costly

HOUSING: Playa Vista units prove pricey despite high pay.

Playa Vista’s pricey units reside outside the reach of many of those employed in the community.

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More News for Investor

MEDIA: Additional shares pad Patrick Soon-Shiong’s stake in L.A. Times’ parent.

Billionaire Patrick Soon-Shiong has beefed up his stake in L.A. Times’ parent, tronc, with a big buy.

City Council Votes Against Cultural Monument Status for Bob Hope Estate

The battle that pitted the family of legendary entertainer Bob Hope against a Los Angeles city councilman has come to a close.

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State Law Unlocks Secondary-Dwelling Options for Homeowners

Knock Knock

Homeowners make room for secondary dwellings under a more lenient California law.

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Former 99 Cents Only Stores CEO to List Beverly Hills Home for $13.8 Million

He may have sold household products for just a dollar each, but former 99 Cents Only Stores Chief Executive Stephane Gonthier is listing his Beverly Hills mansion for a whole lot more.

Home Brokers Expand by Opening Doors Abroad

L.A. brokers hope to gain ground locally and abroad with foreign offices.

Higher Rents Come Knocking at Affordable Units

HOUSING: City incentives to retain lower rates might not be enough to stave off hikes.

Landlords could see revenue boosts as affordable-housing rent limits expire.

Mansion’s $250 Million Listing Priced to Light Fire Under Bids

Launching Pad

Sale price of $250 million would put Bel Air megamansion in a neighborhood all its own.

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Musician Calls for Historic Decision on Mansion

REAL ESTATE: Taylor Swift likely to boost cachet but not price of ‘landmark’ home.

Singer Taylor Swift moves to tune up her Beverly Hills mansion with landmark status.

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Toymaker Isaac Larian Buys Malibu Mansion for $24 Million

Isaac Larian, founder of the toy company behind the Bratz dolls, purchased a Frank Gehry-designed beachfront home in Malibu for $24.15 million.

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MedMen Buys New York Medical Marijuana Company Bloomfield Industries

Cannabis management company MedMen is betting on the growth of the medical marijuana market in New York. The Culver City-based company announced Thursday that it acquired financially distressed Bloomfield Industries Inc., one of five organizations licensed to grow and distribute medical marijuana in the state of New York. Terms of the deal were not disclosed.

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Rewrite in Store for Newspaper’s Home

New owner Onni Group plans to move in residential, retail space at Times Mirror Square property.

Times Mirror Square complex owner Onni Group homes in on residential and retail plans.

Realtors Want to Make Homes for Middle Class

HOUSING: Forum will look at how high costs of living drive out L.A. businesses.

Real estate forum will look at finding ways for the middle class to afford living in Los Angeles.

West Adams at Home Among National Markets

RESIDENTIAL: Values soar as neighborhood proves big draw for house buyers

West Adams sits among the most competitive home markets nationally.

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Jump in Mortgage Rates Hits Home With Hunters

REAL ESTATE: Prospect of continued rise has some buyers in rush to move in.

Some house hunters fear rising mortgage rates may lock them out of a dream home.

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Artists, Buyers Will Hang Together at Exhibition

ART: Annual fair positions some purchasers to frame acquisitions as investment

Exhibitors at the upcoming Art Los Angeles Contemporary picture a busy season.

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Project Hopes to Hang With Artists Downtown

Developers look to reframe a warehouse as a live-work space for artists.