Simon Property Group CEO David Simon and 1650 Premium Outlet Boulevard (Credit: iStock and Premium Outlets) Simon Property Group is launching an online shopping platform designed to drive sales to its nationwide network of outlet stores. The Indianapolis-based shopping mall giant plans to debut Shop Premium Outlets this spring. It will feature 2,000 brands and […]
Bond Collective eyes Chicago and beyond for its co-working expansion
Bond Collective CEO Shlomo Silber and a Bond Collective office (Credit: Bond Collective) Bond Collective is the latest co-working firm expanding to Chicago, with plans to add 100,000 square feet of luxury shared offices in the city this year. The New York-based firm plans to open a 68,000-square-foot location in the Civic Opera Building, 20 […]
Founder of LA’s Koreatown dies at 79
Hi Duk Lee, the founder of the world’s largest Koreatown neighborhood in the heart of L.A. (Credit: Vimeo) Hi Duk Lee, the founder of the world’s largest Koreatown neighborhood in the heart of L.A., died this month after battling cancer. He was 79. His push for a centralized community around Olympic Boulevard opened doors for […]
Amid rising costs, LACMA scales back — slightly — big expansion
LACMA director and CEO Michael Govan The Los Angeles County Museum of Art’s massive expansion will be a little smaller than first advertised. A new environmental impact report shows that the $650 million expansion will now add 347,000 square feet to the complex, or 10 percent less than planned, according to the Los Angeles Times. […]
Sares-Regis sells Downtown Long Beach resi complex
MG Properties CEO Mark Gleiberman and Sares-Regis Principal William Thormahlen Sares-Regis Group has offloaded a Downtown Long Beach apartment complex for $49 million. The Irvine-based developer sold the 158-unit building to multifamily investor MG Properties Group, property records show. Sares-Regis purchased purchased the Pine At 6th complex, located at 110 W. 6th Street, in late […]
Faith-based university closes on sale of its Pasadena campus
EF CEO Edward Hult with William Carey campus William Carey International University has closed on the sale of its 15-acre Pasadena campus. The buyer, EF Education First, paid $44 million, records show. The Switzerland-based operator of private schools has locations in the U.S. and throughout the world. William Care International’s five-building complex at 1539 E. […]