Rod Richerson, Western regional president for KBS and Union Bank Plaza Fresh off the sale of a $1.2 billion office portfolio, KBS Capital Market Groups has started the $20 million renovation of the Union Bank Plaza in Downtown Los Angeles. The project includes renovating the two-story retail space, updating conference space and more, the Los […]
Domus Management plans affordable housing complex in Arlington Heights
Newport Partners founder Monique Hastings and 1141 S. Crenshaw Boulevard Newport Partners’ affordable development wing Domus Management Company is planning a 43-unit project on the border of Mid-Wilshire and Arlington Heights. The Irvine-based firm wants to build the five-story complex on a parking lot at 1141 S. Crenshaw Boulevard, just north of W. Pico Boulevard, […]
Why Amazon HQ2 is already rattling the local housing market
Amazon will open a second headquarters in Northern Virginia (Credit: Getty Images) They don’t call it the Amazon effect for nothing. The online retail giant has been causing some consternation in Northern Virginia, even though it has yet to start work on its corporate campus there. The company announced in November it would open its HQ2 […]
LA seeks developers for resi transformation at Leimert Park
City Council President Herb Wesson and an aerial view of Leimert Park Los Angeles officials are hoping to redevelop two city-owned lots in Leimert Park Village with residential projects, as it continues to battle a housing crunch. The city will seek developers for the adjoining sites located near the Crenshaw/LAX Line, which is set to […]
Behind Robert De Niro’s $425M real estate play to bring Hollywood to New York
Robert De Niro and an aerial view of 87 19th Avenue in Queens (Credit: Getty Images and Google Maps) Robert de Niro’s second attempt to bring a major film studio to New York is going smoothly, so far. His new project, Wildflower Studios at 87 19th Avenue in Queens, comes at a time when film […]
Soho House is expanding into the Arts District
Ron Burkle owns Soho House The Soho House is set to open a new warehouse in the Arts District next month. The members only club will open in a 80,000-square-foot converted warehouse at 1000 S. Santa Fe Avenue, according to Curbed. The building also has 48 rooms that members can rent for $190 or more […]