CLG courts yuppies, “creative types” with new acquisitions

CLG courts yuppies, “creative types” with new acquisitions California Landmark Group has bought two properties in Northeast L.A. for $7.5 million March 30, 2016 04:00PM left: CLG chief executive Ken Kahan, right: 200 South Avenue 59 Even in L.A., the cool kids love to walk. Or at least that’s what development firm California Landmark Group (CLG) […]

A look inside Rick Caruso’s Palisades Village project

A look inside Rick Caruso’s Palisades Village project New renderings reveal the Grove developer’s newest gigantic retail project March 29, 2016 04:00PM Palisades Village in downtown Pacific Palisades (credit: Caruso Affiliated) Developer Rick Caruso is moving on his next big project in retail: a 116,000-square-foot complex dubbed Palisades Village in downtown Pacific Palisades. Caruso Affiliated, […]

This software can help developers find property primed for new projects

This software can help developers find property primed for new projects KPF’s new Urban Interface visualizes building designs March 29, 2016 06:15PMBy Kathryn Brenzel KPF Urban Interface (credit: KPF) In Shanghai, the sun calls the shots in building design. Bedrooms and living rooms in the city must get at least one hour of direct daylight […]

Sheldon Silver disbarred from practicing law

Sheldon Silver disbarred from practicing law Ruling “a mere formality” after former speaker’s corruption conviction last fall March 29, 2016 05:54PM Sheldon Silver Former state Assembly speaker Sheldon Silver, who lost his seat in Albany after his conviction on federal corruption charges last year, has now been officially disbarred from practicing law. The five-member Manhattan […]

Is Airbnb good or bad for New York City?

Is Airbnb good or bad for New York City? The short-term rental service is fighting for its life in NYC March 29, 2016 05:10PMBy Alistair Gardiner [embedded content] As part of the March issue, The Real Deal interviewed stakeholders in the fight over popular short-term rental service Airbnb. Despite its popularity and a sky-high valuation of $25.5 billion, the […]

Jamison Services buys another property in Koreatown

Jamison Services buys another property in Koreatown Cohen Asset Management sold 2601 Wilshire Boulevard for $20 million March 28, 2016 04:30PM 2601 Wilshire Boulevard (Credit: County of Los Angeles) Office landlord Jamison Services is ramping up its residential ambitions in Koreatown. Weeks after acquiring a 31-story high-rise apartment tower at 2908 Wilshire Boulevard, the office landlord last week acquired […]

Century West Partners scores $126M construction loan for Next on Lex

Century West Partners scores $126M construction loan for Next on Lex The $280M project in Glendale is slated to have 494 units March 28, 2016 04:00PMBy Katherine Clarke A rendering of Next on Lex Century West Partners, the developer of a 494-unit luxury apartment development in downtown Glendale, has landed a $126.4 million construction loan […]