No exodus from California despite pressure from new fed tax plan: real estate pros

(Credit: iStock, Luxury Retreats.com) While homeowners in high-tax states like New York and New Jersey may be packing their bags to move to Florida and Texas, real estate professionals in California say they are not seeing an exodus spurred by changes to the federal tax code. But the new rules could have a “chilling effect” […]

High-rise, leaky lines: Lawsuit alleges luxury San Pedro condo was poorly built

High-rise, leaky lines: Lawsuit alleges luxury San Pedro condo was poorly built The 16-story property was developed by Carlyle Group in 2008, and later sold to Carmel Partners Exterior and interior shots of The Vue (Credit: CarmelaApartments, Pixabay) To start, the Vue Homeowners Association claims the windows at the property, located at 255 W. 5th […]

Bento Box Entertainment renews 27K sf lease in North Hollywood

Bento Box Entertainment renews 27K sf lease in North Hollywood The award-winning studio is behind the cult favorite “Bob’s Burgers” CEO Scott Greenberg The animation studio behind “Bob’s Burgers” is staying put in North Hollywood. Bento Box Entertainment signed a five-year, 27,300-square-foot lease renewal at an office building at 5161 Lankershim Boulevard. The deal was […]

County officials at impasse on fate of Centennial’s sprawling Tejon Ranch

County officials at impasse on fate of Centennial’s sprawling Tejon Ranch The proposed 20K home community has been in the works for nearly two decades Tejon Ranch, with Tejon Ranch Co. CEO Gregory Bielli Since it was first envisioned nearly two decades ago, a sprawling 12,000-acre master planned community in the undeveloped Tejon Ranch has […]

Hines, Oaktree acquire office complex for $115M in hot Brea commercial market

Hines, Oaktree acquire office complex for $115M in hot Brea commercial market The 576K sf property was largest buy in the area this year July 11, 2018 03:26PM The Beckman Coulter Campus (Credit: Hines) The pace of commercial trades in the Brea submarket continues to accelerate. Hines and Oaktree Capital closed the largest real estate […]

Microsoft co-founder Paul Allen lists undeveloped site in Beverly Hills for $150M

Microsoft co-founder Paul Allen lists undeveloped site in Beverly Hills for $150M The billionaire first bought the land for about $20M in late 1990s July 10, 2018 04:00PM Paul Allen, the billionaire co-founder of Microsoft (Credit: Pexels) In Beverly Hills, where supply is tight and home prices are soaring, a massive swath of land just […]

Force behind campaign against Metro’s Purple Line may have a Trump card

Force behind campaign against Metro’s Purple Line may have a Trump card Lisa Korbatov’s, whose husband once sold the president a home; is appealing to POTUS for help Lisa Korbatov and Donald Trump, with local officials celebrating a 2014 groundbreaking on the Metro Purple Line Extension (Credit: Neon Tommy via Flickr, Wikimedia Commons) In Beverly […]