Knotel CEO Amol Sarva and 429 Santa Monica Boulevard Shared office space company Knotel will open its first Los Angeles outpost in Santa Monica, expanding its U.S. reach from New York and San Francisco. Knotel will lease 12,388 square feet across the third and fourth floors at 429 Santa Monica Boulevard, the company announced. The […]
Amazon says it won’t come to New York
Anti Amazon graffiti displayed in the Long Island City (Credit: Getty Images) Leaving a $3 billion incentive package on the table, Amazon has decided against coming to New York City. The company told the New York Times that it won’t build a new campus in Queens. The decision follows reports last week that Amazon was […]
Blackstone unloads Westlake and Valencia assets for $114M
Chris Graham, Managing Director for Blackstone’s LA outfit, with 27200 Tourney Road and 249-269 LaFayette Park Place Blackstone Group has sold two Los Angeles properties — an apartment complex in Westlake and an office building in Santa Clarita — for a combined $113.6 million in separate deals. The private equity giant has been an active […]
Prospect of legalizing weed in Illinois has developers, landlords seeing green
Deena Zimmerman (Credit: iStock) After Illinois legalized medicinal marijuana in 2014, Deena Zimmerman traveled to Colorado to learn how the marijuana industry was intersecting with the real estate market. The vice president at commercial brokerage SVN visited a town on the outskirts of the Denver metro area, a once-rundown place “where the tumbleweeds were rolling,” […]
NY pol claims white residents are being followed by city’s Airbnb enforcers
Mayor Bill de Blasio, Assemblywoman Tremaine Wright, and Bedford-Stuyvesant, Brooklyn (Credit: Getty Images and Wikipedia) White residents are being targeted walking home by the city’s Airbnb enforcers in Bedford-Stuyvesant, a state assembly member claimed this week. The city’s Office of Special Enforcement has in recent months ramped up its efforts to close illegal Airbnb rentals across […]
Cancer center to open in Newport Beach after $14M office trade
Annette Walker, president of City of Hope Orange County and 1601 Avocado Avenue (Credit: CBRE) City of Hope National Medical Center has purchased an office building in Newport Beach for $14.2 million. With about 12,500 square feet of space, the price averages out to about $1,132 per-square-foot — a record high in Orange County for […]