In LA’s office market, is there trouble between the spreadsheets?

In LA’s office market, is there trouble between the spreadsheets? Though Q4 office reports appear rosy, more companies, from Honest to Nasty Gal, are listing sublease space March 14, 2017 03:30PMBy Laurie Dove Jessica Alba, Honest Co.’s office building in Playa Vista (Marla Aufmuth/Getty Images) While thousands sweat to Beachbody’s at-home workouts, the Santa Monica-based […]

Rising Realty Partners in contract to buy One California Plaza for roughly $460M: sources

Rising Realty Partners in contract to buy One California Plaza for roughly $460M: sources If deal closes, Beacon Capital Partners will get $460 psf for 42-story DTLA building March 13, 2017 06:01PMBy Hannah Miet Nelson Rising, Chris Rising and the Cal Plaza towers Rising Realty Partners is in contract to buy one of the most […]

First look: Inside hedgie’s vision to replace $50M Beverly Hills teardown

First look: Inside hedgie’s vision to replace $50M Beverly Hills teardown David Kabiller is planning contemporary museum-like structure March 13, 2017 05:00PMBy Katherine Clarke (Shubin Donaldson) A hedge funder who purchased two adjacent lots on N. Hillcrest Road for a combined $50 million is planning to replace an old Mexican-style residence with a contemporary, museum-like […]

Carmel Partners grabs stalled Casden site in West LA for $50M

Carmel Partners grabs stalled Casden site in West LA for $50M Beverly Hills developer had planned 595-unit complex March 10, 2017 04:40PMBy Katherine Clarke A rendering of the Casden West LA project San Francisco-based Carmel Partners snapped up a West Los Angeles development site for $49.5 million from a real estate investment firm headed by […]

Chinese sovereign fund CIC buys stake in Airbnb

From left: CIC Chairman Ding Xuedong and Airbnb founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky (Credit: Getty Images) From the New York website: China’s sovereign wealth fund bought a stake in Airbnb through its latest funding round, which valued the home-sharing startup at $31 billion. The state-backed China Investment Corporation contributed 10 percent to the […]

Not a “ploy”: Garcetti bans off-record chats between developers and planning commissioners

Not a “ploy”: Garcetti bans off-record chats between developers and planning commissioners Measure S may have failed, but ex-parte ban is just one of its impacts March 09, 2017 04:51PMBy Justin Sayles Mayor Eric Garcetti and DTLA (Credit: L.A. Mayor, Hunter Kerhart) Measure S may have been soundly defeated on Tuesday, but a directive signed by […]