“It is 2005 all over again in terms of the valuation extreme, the psychological excess and the denial”: Bear warns that housing market is overheated

“It is 2005 all over again in terms of the valuation extreme, the psychological excess and the denial”: Bear warns that housing market is overheated Home prices, sales and interest rate indicators teetering at pre-recession levels January 22, 2018 02:30PM The homebuilding market is stronger than ever, but not everyone is bullish. Montana-based money manager […]

This week in celebrity real estate: Whoopi seeks $9M for Brentwood manse, Fleetwood Mac guitarist hopes for another go-around…& more

This week in celebrity real estate: Whoopi seeks $9M for Brentwood manse, Fleetwood Mac guitarist hopes for another go-around…& more By Natalie Hoberman | January 19, 2018 05:00PM Whoopi Goldberg and Cher (Credit: Wikimedia Commons) Awards season may be in full swing, but celebrities are hot and heavy in the real estate biz. Fleetwood Mac’s […]

Cancer research firm Kite Pharma pays $135M for Santa Monica R&D building

Cancer research firm Kite Pharma pays $135M for Santa Monica R&D building The Gilead Sciences subsidiary continues its expansion in the area January 19, 2018 04:30PM The research and development building at 1800 Stewart St. in Santa Monica (Credit: Google Maps) Cancer research firm Kite Pharma is paying $135 million for a 160,000-square-foot research and […]

Inside LA’s bid for Amazon HQ2

Inside LA’s bid for Amazon HQ2 Among the 20 finalists, does the city stand a chance? By Natalie Hoberman | January 18, 2018 05:15PM Los Angeles Skyline with Mayor Eric Garcetti, Jeff Bezos (Credit: Wikimedia Commons) Jeff Bezos started a Hunger Games-like competition in September, pitting cities against each other in a nationwide battle for […]

Self-storage growth slows, but the pipeline still isn’t shrinking

Self-storage growth slows, but the pipeline still isn’t shrinking Stocks of self-storage companies are trading at 2 percent discounts, still better than office and mall REITS January 17, 2018 04:30PM (Credit: Wikimedia Commons) The steady and strong growth of self-storage is softening after years of success in the sector, market indicators show. Self-storage has for […]

South LA Commission imposes stringent rules on oil drilling site

South LA Commission imposes stringent rules on oil drilling site Sentinel Peak Resources must build a 45-foot enclosure around the property January 17, 2018 03:00PM The site on Jefferson Boulevard (Credit: GoogleMaps) This wall will be built. The South Los Angeles Planning Commission will require a private energy company to build a 45-foot enclosure around […]