by Greg Wasik | Apr 22, 2018 | Los Angeles Real Estate and Appraisal News
The legendary Fairmont Hotel in Santa Monica has just released its 4th plan for a major renovation after community and government feedback. The hotel, owned by Michael Dell’s MSD Capital LP fund, released its newest plan which calls for a low rise modern update...
by Greg Wasik | Apr 12, 2018 | Los Angeles Real Estate and Appraisal News
The Sterling Organization (Florida) purchased the 6,200-square-foot retail property at 456 North Rodeo Drive from Karl B. Schurz Trust in an off-market deal. The buyers had received an option to purchase the property included with a long-term ground lease signed in...
by Greg Wasik | Apr 7, 2018 | Los Angeles Real Estate and Appraisal News
According to Apartmentlist.com, rents have been flat the past month however have increased by 3.1% year over year compared to 2.9% for California and 2.0% across the nation. Currently, median rents in Los Angeles are at $1,350 for a 1-bedroom apartment and $1,740 for...
by Greg Wasik | Apr 2, 2018 | Los Angeles Real Estate and Appraisal News
…A new study found rent in the city of Lancaster, an hour drive north of downtown Los Angeles, skyrocketed by double digits from the previous year…. With an average rent of $1,210, Lancaster, a city with a population of 160,000 people, has one of the...
by Greg Wasik | Mar 29, 2018 | Uncategorized
On the market for he first time in over 50 years, the penthouse of the Sierra Towers is available for sale. The Penthouse contains over 7,000 square feet of space with extra height ceilings as well as over 4,000 square feet of exterior terraces. The space is in a...
by Greg Wasik | Mar 14, 2018 | Los Angeles Real Estate and Appraisal News
According to a source, Toys R Us plans to close and/or sell all 800 US stores. This comes after the retailer filed for bankruptcy six months ago. Their financial problems date back to a leveraged buyout in 2005 which saddled the company with a debt level that finally...
by Greg Wasik | Mar 13, 2018 | Los Angeles Real Estate and Appraisal News
Per BLVD Hospitality, the much discussed and delay Soho House Downtown Los Angeles (in the Artist Loft district at 1000 S. Sanfa Fe Avenue appears to finally have an opening date. BLVD Hospitality who will be involved with the food and beverage operations has posted...
by Greg Wasik | Mar 12, 2018 | Uncategorized
…A Malibu home belonging to the co-founder and CEO of Beverly Hills-based Westside Estate Agency Kurt Rappaport, has just sold for $120 million, according to a source with knowledge of the off-market deal, just as the home’s former guest house listed for almost...
by Greg Wasik | Mar 9, 2018 | Uncategorized
After struggling to maintain its appeal as a retail destination due to the double whammy of online shopping and destination malls such as the $1 Billion-renovated Century City Mall (which stole its major tenants), the Westside Pavilion owners have decided to convert...
by Greg Wasik | Mar 1, 2018 | Uncategorized
..Snapchat has put 14 of its Venice Beach office locations totaling 163,000 square feet up for sublease as it moves to consolidate those offices into Santa Monica. Snap Inc. was founded in Venice and for years has operated as a company without an official centralized...
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