Los Angeles skyline Business is booming in Greater Los Angeles, whose office market surpassed 201 million square feet of inventory in the first quarter of this year. That figure marks an near 30-percent jump since 2000, according to a first-quarter report from Cushman & Wakefield. Project conversions and renovations also hit a new peak over […]
Cedars-Sinai’s latest lease gives it 100K sf at Pacific Design Center
Cedars-Sinai President Thomas Priselac and the Pacific Design Center Cedars-Sinai health system is boosting its space at the Pacific Design Center, where it has been a tenant for the last three years. The nonprofit’s newest lease for 30,000 square feet expands its footprint at the West Hollywood complex to more than 100,000 square feet, according […]
Miami developer among parents facing new charges in college admissions scandal
Robert Zangrillo Miami developer Robert Zangrillo is among the 16 parents now facing additional charges in the Justice Department’s largest-ever college admissions investigation. Zangrillo was among the 33 parents indicted in March for paying to get their children into schools that included the University of Southern California, Stanford, Georgetown and Yale. In addition to being […]
Netflix in talks to buy Hollywood’s Egyptian Theater
Netflix CEO Reed Hastings and the Egyptian Theater on opening day in 1922 Netflix may be killing the traditional movie industry, but the streaming giant now appears to be in talks to buy one of Hollywood’s most famous brick and mortar theaters. The streaming giant is negotiating to acquire the landmarked Egyptian Theater on Hollywood […]
Lowe gets to work on office-retail complex in Arts District
Bob Lowe, chairman of Lowe development firm with a rendering of the project set for Violet Street in the Arts District (Credit: Humphrey Partner Architects) Lowe development’s 97,000-square-foot office project is set to rise in the Arts District later this year, after a long wait. The Los Angeles-based firm is building the nine-story mixed-use complex […]
Chinese investors, facing new regulations, shift focus from Vancouver to Toronto
Toronto is emerging as a prime destination for commercial investment (Credit: Wikipedia and Pixabay) A crackdown on foreign buyers in British Columbia has Chinese investors looking east for other opportunities in Canada, with Toronto emerging as a prime destination for commercial investment. As Chinese investment in foreign real estate retreated globally in 2018, Vancouver saw […]