Stories by Helen
Billionaire media mogul and philanthropist A. Jerrold Perenchio passed away on Tuesday at the age of 86 after a five-month struggle with lung cancer, according to a statement from his L.A.-based investment firm, Chartwell Partners.
Homes with rooftop decks can raise the price ceiling on properties too small for backyards.
DEVELOPMENT: Homes by Paul McLean can go for hundreds of millions.
Architect Paul McClean talks how the market is holding up for $500 million megamansions.
HOUSING: Construction, design firms get green light with Santa Monica policy.
Santa Monica’s zero-net-energy policy could pay off for construction and design businesses.
Marion Anderson, 86, supported UCLA, Children’s Hospital, others, with late husband, John.
Marion Anderson, 86, was known for her support of UCLA and Children’s Hospital Los Angeles.
Marion Anderson, the billionaire philanthropist and chairwoman of Topa Equities Ltd., died on Sunday in Los Angeles.
Seven pre-World War II bungalows in Echo Park are set to be preserved as a historic monument, preventing L.A. developer Bixel House from demolishing them to build 12 small-lot subdivision single-family homes.
HOUSING: Council signs off on path to turn unapproved units into permitted homes.
HOUSING: Los Angeles City Council opens door for bootlegged residential units to gain permits.
Bruce Makowsky lives on high end of mansion market with projects such as $250 million Bel Air home
REAL ESTATE: Developer Bruce Makowsky has given luxury a whole new ZIP code with his megamansions.
Fox Broadcasting Co.’s president of entertainment, David Madden, and his wife, Marci Pool, have put their Bel Air home on the market for $8.99 million, according to property records.
Harridge Development Group is swooping into Inglewood with a plan to build 228 townhomes on an 18-acre site just a mile from the Los Angeles Rams’ planned $2.6 billion stadium.
Around 5,000 bootlegged units across Los Angeles created without a city permit could soon become legal.
Cover Technologies Inc., a prefab building company that designs and manufactures backyard studios, has raised $1.6 million in seed funding, according to a statement released Tuesday.
Hanging their work in high-end for-sale homes can open doors for artists.
Businesses hired at a much faster rate in April than they did a year ago, according to a monthly jobs report from professional social networking site LinkedIn.
Beyoncé Knowles Carter and Shawn “Jay Z” Carter have reportedly submitted a $120 million bid to buy a hilltop mansion in Bel Air.
Nicolas Berggruen moves into 20,000-square-foot Holmby Hills estate with $40 million deal.
Billionaire Nicolas Berggruen grows his L.A. roots with the purchase of a Holmby Hills mansion.
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.
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.
The Brentwood house where Marilyn Monroe lived and died has hit the market for $6.9 million.
‘Going To War’
Agents talk the tricks that open the door to winning bidding wars for prime homes.
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.
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.
Commonwealth Business Bank released its first quarter earnings report on Tuesday, showing growth in net income and diluted earnings per share.
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.
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.
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.
Hollywood director and producer Joe Carnahan is selling his Pacific Palisades home for $3.89 million.
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.
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 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.
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.
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.
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.
REAL ESTATE: Brokers see foreign buyers scuttle deals.
Immigration concerns have some foreign buyers moving out of local deals.
A mix of 53 townhouses and condos are under construction in the Pacific Palisades and about to begin presales, according to the developers.
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.
Residents of L.A.’s urban jungle will soon have access to more open green space.
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.
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.
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.
Diving in Downtown
Condo projects have come knocking downtown, a market traditionally targeted for rentals.
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.
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.
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.
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.
The battle that pitted the family of legendary entertainer Bob Hope against a Los Angeles city councilman has come to a close.