by Jen Case | Feb 20, 2019 | Los Angeles Real Estate and Appraisal News
A definitive downtown Los Angeles skyscraper has hit the market for sale. The 72-story U.S. Bank Tower at 633 W. Fifth St. is on the market by a Singapore-based real estate investor and developer Overseas Union Enterprise Ltd. Brokers and analysts estimate that the...
by Jen Case | Feb 20, 2019 | Los Angeles Real Estate and Appraisal News
Once known as the nation’s most expensive listing, the Bel-Air mansion that was listed for $250 million in 2017 is back on the market following two major reductions for $150 million. The developer, Bruce Makosky, had the following to say: “I don’t think...
by Greg Wasik | Dec 18, 2018 | Los Angeles Real Estate and Appraisal News
Years after being shuttered due to being in violation of the approval to construct a 22-story apartment building, a local judge has given approval to the CIM Group to reopen the Sunset and Gordon tower located at, appropriately enough, the corner of Sunset an Gordon...
by Jen Case | Dec 13, 2018 | Los Angeles Real Estate and Appraisal News
A report released recently by CoreLogic shows that home sales in Southern California have dropped 7.5% in November compared to October of 2017, which reflects a broad slowdown in the housing market. November was the third consecutive month of declines and the almost...
by Greg Wasik | Nov 8, 2018 | Los Angeles Real Estate and Appraisal News
Due to competition from Home Depot, retailer Lowes plans to close 47 retail stores in the US and Canada. 27 of the stores are in Canada and 24 were part of a 2016 acquisition. Marvin Ellison, Lowes CEO said: “The store closures are a necessary step in our strategic...
by Greg Wasik | Nov 6, 2018 | Los Angeles Real Estate and Appraisal News
Related Cos. massive The Grand project in downtown LA designed by famed architect Frank Gehry has just received a $620 million loan from Deutsche Bank and is expected to begin construction shortly. The project will contain retail, hotel and apartment components and...
by Greg Wasik | Oct 15, 2018 | Los Angeles Real Estate and Appraisal News
Famed Beverly Hills restaurateur Mr. (Michael) Chow has listed his Holmby Hills home for $78 million. The home contains more then 30,000 SF and was designed in the manner of the Museo Nacional Centro de Arte Reina Sofía in Madrid. The property is co-listed by Rick...
by Greg Wasik | Sep 29, 2018 | Los Angeles Real Estate and Appraisal News
According to CoreLogic, the median sales price in Southern California (encompassing 6-counties) increased to $535,000 in August 2018, up 1% from July. The median sale price increased 7% from the year prior and was just under the all-time high of $537,000 reached in...
by Greg Wasik | Aug 28, 2018 | Los Angeles Real Estate and Appraisal News
After four long years, the half-built Target Building on Sunset Boulevard has won an appeal with the State of California Appeals Court that agreed with the City of Los Angeles did comply with environmental laws and the zoning change which allowed for the property to...
by Greg Wasik | Aug 20, 2018 | Los Angeles Real Estate and Appraisal News
After the former boy band member posted on Instgram that he had wont he bidding for the former Brady Bunch house, it was revealed that in fact the winner was HGTV, who plans to renovate the interior to match the TV show as well as expand the home. Construction has...
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