Culver City Mayor Meghan Sahli-Wells and Culver City city hall With average rent and housing costs continuing to climb, more cities and counties — including Los Angeles County — have enacted temporary measures to protect tenants and tighten the reins on landlords and property owners. Now, Culver City has directed its staff to develop a […]
Multifamily developer Jamison expanding in West LA with development site purchase
Jamie Lee of Jamison and the property Prolific multifamily developer Jamison is expanding its reach in West Los Angeles. The firm, which has been on a multi-year construction and buying binge in and around Koreatown, purchased a development site for $16 million, and intends to build a 100-unit development. The property is located at 11600 […]
Jamison signs post-production firm to long-term lease at Studio City office
Jamison Services’ Jamie Lee Jamison Services has a new long-term tenant at its Studio City office property. The post-production and distribution company Advanced Digital Services signed a 10-year lease for 23,000 square feet at 4575 Cahuenga Boulevard. The deal is worth $7 million. Lee & Associates, which announced the deal, also brokered the lease. The […]
The day the music died: GPI’s plan to demolish Amoeba Records is approved
GPI Companies founders Cliff Goldstein and Drew Planting Music fans have known this was coming, but now it’s official. The music store and Hollywood institution Amoeba Records will be demolished. The Los Angeles City Council approved GPI Companies’ plan to replace the record store at 6400 Sunset Boulevard with a 26-story podium-style residential tower, according […]
Ratkovich, AXA ownership team shop 5900 Wilshire for $300M: sources
AXA Capital Head of North America Steve McCarthy and Ratkovich CEO Wayne Ratkovich, with 5900 Wilshire Boulevard An ownership group that includes developer Ratkovich Co. and AXA Capital are looking to sell or recapitalize 5900 Wilshire, The Real Deal has learned. Sources said the owners of the Miracle Mile office tower are seeking around $300 […]
In booming El Segundo, Ocean West and Lionstone team up on office campus
777 Aviation Boulevard, and from left: Ocean West Capital Partners Principal & co-founder Russ Allegrette and Lionstone co-founders Glenn Lowenstein and Dan Dubrowski A joint venture between Ocean West Capital Partners and Lionstone Partners purchased a massive three-story office building in booming El Segundo. The duo paid $170 million for the 318,200-square-foot office in an […]