(Illustration by Zach Meyer) Churchill Real Estate Holdings’ Justin Ehrlich made a name for himself as a New York developer snapping up distressed Manhattan buildings during the financial crisis and turning them into luxury condos. But lately, his focus has been on another high-growth business: cannabis. In addition to his property dealings, Ehrlich is a […]
Co-working and media firms dominate LA office market in Q1
Adam Neumann and the Lantana campus (Credit: Getty Images) Co-working companies led Los Angeles area office leasing in the first quarter amid a tightening overall market, with media firms also emerging as a big player in the office investment space. Overall vacancy across the Greater L.A. market dipped from 14.8 percent in the fourth quarter […]
Here are LA County’s top 5 office sales of March
The top five office investment sales of March March was a busy month for office trades, but a blockbuster trade for Class A space at the Lantana Campus in Santa Monica easily topped them all. Here’s a look at the top trades last month. 1. Lantana Center and Lantana West, Santa Monica | $321.5M Media […]
What are the odds? Rare Las Vegas Strip casino hits the market
Blackstone Group CEO Stephen Schwarzman and the Cosmopolitan of Las Vegas (Credit: Getty Images and Wikipedia) The Cosmopolitan hotel and casino was one of the biggest failures of the Las Vegas Strip in the last decade. Now, five years after buying and reversing its fortunes, Blackstone Group is reportedly exploring a sale. The New York-based […]
New Opportunity Zones rules are released. Will developer money follow?
Steven Mnuchin (Credit: Getty Images) The government released its long-awaited and latest set of Opportunity Zone regulations Wednesday, hoping to provide investors who have been on the fence with the clarity needed to begin developing projects in distressed areas nationwide. Real estate developers have become enamored with Opportunity Zones, seeking to raise funds into the […]
Mobile games developer doubles footprint in Culver City
Scopely CEO Walter Driver (Credit: Scopely) Scopely is doubling down in Culver City. The mobile games developer has leased a 60,000-square-foot property that will become part of Runyon Group’s Platform project once completed, according to an announcement. A rendering of the space That’s more than double the amount of space it currently occupies at 3530 […]